Cost Accounting Manager

Job Overview

Our client in the Paramus area of NJ has an excellent opportunity for a Cost Accounting Manager!  It’s a hybrid role where you have to be onsite 3 days a week.

Responsibilities:

• Review and analyze cost accounting data and assist with cycle count/physical inventories.
• Oversee preparation of and review monthly end close journal entries for Inventory and Cost of Goods Sold.
• Oversee preparation of and review monthly general ledger account reconciliation and analysis for Inventory accounts.
• Prepare inventory and cost of goods sold monthly reporting package and supporting analyses to identify and explain trends, variances from expected and historical results, and potential issues and opportunities in the inventory, cost of sales, gross margin financial statement accounts. Analyze manufacturing, distribution and logistics cost and volume trends, by cost type, plant, and DC.  Work with Operations, Logistics and Supply Chain teams on follow-up reviews as needed.
• Oversee the monthly valuation of US and Canadian inventory, including LIFO, excess and obsolete, and other reserve adjustments; cap and roll of variances; revaluation of inventory; and elimination of profit in inventory. Ensure journal entries are reviewed and approved, and all account analyses are correctly prepared. Must be able to identify and address potential errors in financial statement accounts.
• Work with FP&A on the development of annual standard cost updates, based on Plant and DC cost center budgets and production/shipping volume budgets.
• Work with Procurement on inventory valuations used in support of subcontracting and raw material sales transactions.
• Work with Operations in planning the annual physical inventory, overseeing the appointment, and scheduling of auditors for selected locations. Review and summarize overall audit results.
• Act as liaison with internal and external auditors relating to cost accounting inquiries, when needed.
• Review and implement new accounting pronouncements related to inventory.
• Review existing operating procedures, identify gaps, process improvement opportunities, and implement corrective action. Ensure procedures are properly documented in the event of staff turnover. Establish procedures to detect and correct data entry errors in procurement and operations that could result in inventory valuation errors.
• Train, develop and lead staff.
• Special projects as required.
• Must be available for travel and weekend work, as necessary (Less than 5%).

Requirements:

• 10+ years’ experience in Cost Accounting in a manufacturing environment.
• Extensive SAP manufacturing and accounting (FI/CO) knowledge. Excellent Microsoft Office skills, particularly Excel.
• Bachelor’s degree in accounting or finance. CPA, CMA or MBA a plus.