Cost Accounting Manager - Newtown Square, PA
Description
Position Summary
We are seeking an experienced Cost Accounting Manager to lead and oversee cost accounting activities, financial analysis, inventory accounting, and cost control initiatives. This role will partner closely with Finance, Operations, Supply Chain, Procurement, and senior leadership to ensure accurate product costing, inventory valuation, financial reporting, and analysis of manufacturing and operational costs.
The ideal candidate has 7+ years of cost accounting experience in a manufacturing environment, with strong expertise in cost accounting, inventory valuation, and operations. Experience in both manufacturing and distribution is highly preferred.
20-30% travel required.
Key Responsibilities
- Develop, maintain, and analyze the Company’s costing systems and standard costs, including material, labor, overhead, and production costs.
- Analyze cost variances and provide actionable explanations and recommendations to management.
- Monitor and analyze variances to actual P&L costs including COGS, gross margins, production costs, purchase price variances, labor variances, and overhead absorption.
- Update costs all of the Company’s locations every 6 months.
- Develop, maintain and guide the Company’s cost accounting strategy and methodology.
- Establish and maintain effective internal controls over inventory and cost accounting processes.
- Assist with internal and external audits, including preparation of supporting schedules and documentation.
- Identify opportunities to automate, streamline, and improve accounting processes and reporting.
- Support ERP implementations, system enhancements, and improvements to costing and financial reporting processes.
- Perform ad hoc financial analysis and special projects as requested by Finance leadership.
