Cost Accounting Manager

Summary: The Cost Accounting Manager is directly responsible for maintenance of the standard costing system and the correct valuation of physical inventory. The Cost Accounting Manager is responsible for ensuring accurate and timely reporting of part-standard cost and explanation of cost variances to standard, participating in the annual budget preparation, and maintenance of the overall cost system. This role requires a comprehensive knowledge of cost accounting and the ability to leverage ERP systems and accounting platforms to optimize financial operations. This position reports to the Corporate Controller.

Responsibilities

• Complete the creation and implementation of standard costs at four companies.
• Ensure the accuracy of part costs and inventory values.
• Analyze performance to understand and communicate Period End Variance Analysis.
• Review job close variances and communicate root cause.
• Prepare monthly inventory reconciliation and calculate reserves for excess inventory
• Analyze over/under absorption of overhead.
• Maintain all company processes and policies for inventory valuation including absorption, E&O reserve policy and cycle count process.
• Support Finance team in preparation of annual Budget and monthly Forecast.
• Support conversion of ERP system.
• Leverage ERP systems and financial platforms to improve reporting, analysis, and operational efficiency.
• Ensure compliance with all accounting regulations, standards, and legal requirements.
• Maintain company policies regarding the valuation of inventory
• Other Duties as Assigned

Team Development and Leadership:

• Support and provide clear communication with the accounting team.
• Collaborate with other departments to develop an understanding of standard costs.
• Ensure any direct reports in supervisor/manager/lead roles are carrying out responsibilities in accordance with the organization’s policies and applicable laws with the guidance of HR; including interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems
• Foster a culture of collaboration and team work to staff at all levels

Qualifications:

• Proficiency in ERP costing systems and platforms (MS AX experience is a plus).
• Advanced Microsoft Excel skills, including data analysis, pivot tables, and complex formula creation. Knowledge of SQL a plus
• Strong analytical reasoning and problem-solving abilities.
• Excellent interpersonal, communication and presentation skills.
• Ability to multitask, prioritize, and manage time effectively, meeting tight deadlines with a high degree of accuracy.
• Strong judgment, decision-making, and independent problem-solving capabilities.
• Able to work independently and communicate effectively with all levels of management

Preferred Education/Experience:

• Experience with standard costing in MRP/ERP systems required.
• 3 years of aviation standard costing experience in an ERP manufacturing preferred.
• Bachelor’s degree in Accounting or Finance preferred.
• Familiarity with Dynamics AX a plus.

Physical Demands:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
• The employee is occasionally required to stand, walk, reach with hands and arms, climb stairs or balance, and stoop, kneel, crouch or crawl. The employee must occasionally lift and/or move up to 50 pounds.