Manager of Cost Accounting

Take the lead in a dynamic global role managing cost accounting and inventory across multiple manufacturing sites. This position offers the opportunity to drive process improvements, enhance financial accuracy, and make a tangible impact on business performance while collaborating with teams worldwide.

Starkey is a world leader in the manufacturing and distribution of advanced hearing technologies. We are in the business of connecting people and changing lives. Our teams come to work each day focused on ensuring people everywhere have the products and services they need to hear better and live better.

Founded in 1967 by Bill Austin, Starkey is known for our cutting-edge hearing health innovations, industry-leading research and development, and not being afraid to push the edge of what’s possible.

We are headquartered in Eden Prairie, Minnesota, have over 5,000 employees in 29 facilities across the globe, and do business in more than 100 markets worldwide.

Watch this video to see more of what sets Starkey apart: https://youtu.be/9cUYwTlCepg?si=wkovx8_R_iINfrc6

JOB SUMMARY DESCRIPTION / PRIMARY PURPOSE OF JOB 

The Cost Accounting Manager will lead global cost accounting operations and inventory management, ensuring accuracy, compliance, and efficiency across all manufacturing locations. This role will own the development of cost standards, oversee variance analysis, and drive strategic initiatives to improve processes and systems. Acting as a key partner to Operations and Finance leadership, the manager will champion best practices and lead projects that enhance financial integrity, inventory control and operational performance.

JOB RESPONSIBILITIES/RESULTS

Leadership & Oversight

• Manage and mentor a global team of cost accountants, fostering collaboration and accountability
• Establish clear performance goals and provide ongoing coaching and development

Cost Accounting Excellence

• Develop, implement, and maintain global cost standards for materials, labor, and overhead
• Oversee preparation and review of accounting journal entries, reconciliations and financial reporting to ensure compliance with US GAAP and corporate policies
• Personally perform complex or high-impact journal entries when necessary to support accurate and timely financial close
• Ensure accurate valuation of inventory and proper balance sheet reporting across all sites
• Maintain strong internal controls and documentation for all cost accounting activities

Analysis & Reporting

• Support monthly analysis of manufacturing variances by assisting in identifying root causes, and recommend corrective actions
• Provide timely, insightful support in reporting on product cost performance and operational efficiency for senior leadership

Process Improvement & Projects

• Drive global initiatives to streamline cost accounting processes and enhance system capabilities
• Lead cleanup projects to eliminate inefficiencies and strengthen internal controls
• Champion automation and digital tools to improve accuracy and reduce manual effort

Cross Functional Partnership

• Collaborate with Operations, FP&A, and Commercial Finance to align cost standards and support strategic decision-making
• Serve as a subject matter expert for cost accounting during audits and internal control reviews

Compliance & Governance

• Maintain robust documentation of accounting policies and procedures
• Ensure adherence to corporate financial policies and regulatory requirements

Other Duties

• Support the physical inventory counts and cycle counts as needed
• Perform other responsibilities as assigned

JOB REQUIREMENTS

Education

• • Bachelor’s degree in Accounting or Finance; CPA or CMA preferred

Experience

• • 7 years of cost accounting or manufacturing finance with at least 3 years in a leadership role.

Knowledge / Technical Requirements

• Ability to apply knowledge of GAAP & Cost Accounting Standards
• High proficiency in ERP systems (Oracle preferred) and Excel

Competencies, Skills & Abilities 

• Strategic Leadership: Ability to set vision for global cost accounting and inventory management, aligning initiatives with business objectives
• Influence & Collaboration: Skilled at building relationships across Operations, Finance, and leadership teams to drive alignment and change
• Decision-Making Under Complexity: Comfortable making informed decisions in a dynamic, global manufacturing environment
• Continuous Improvement Orientation: Demonstrates a proactive approach to identifying opportunities for efficiency and process optimization
• Change Management: Capable of leading organizational and system changes with minimal disruption
• Business Acumen: Strong understanding of how cost accounting impacts profitability, supply chain, and strategic planning
• Communication Excellence: Ability to convey complex financial concepts clearly to non-financial stakeholders
• Talent Development: Committed to coaching and developing team members for future leadership roles

Salary and Other Compensation:

The target pay rate for this position is between $130,150 – $143,850 annually. Factors which may affect starting pay within this range may include: geography/market, skills, education, experience and other qualifications of the successful candidate.

This position is eligible for monthly uncapped commissions in accordance with the terms of the Company’s plan. 

Benefits: The following benefits for this position, subject to applicable eligibility requirements, include medical, dental and vision insurance, 401(k) retirement plan with company match, company-paid life and short-term disability insurance, long-term disability insurance, employee assistance plan, hearing aid benefits, Paid Time Off, paid holidays, paid floating holidays, paid volunteer service day, paid paternity and maternity leave and tuition reimbursement.  

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Salary : $130,150 - $143,850