Supervisor, Cost Accounting

Cost Accounting Supervisor

Reports To: Controller
Department: Finance / Accounting
FLSA Status: Exempt
Location: Corporate Office

Position Summary

The Cost Accounting Supervisor is responsible for overseeing the accuracy and integrity of all inventory-related accounting transactions. This position indirectly supervises and partners with supply chain to maintain accurate inventory records, ensures timely recording of inventory movements, and supports month-end close activities. The role is instrumental in strengthening internal controls, improving transaction processes, and supporting financial reporting in accordance with GAAP.

Benefits include:

• Medical, Prescription Drug, and Vision Program –on DAY ONE
• Dental – on DAY ONE
• A generous PTO program -112 hours in your first year!
• Paid Parental Leave
• Gym Reimbursement Program and Company Paid Wellness Coach
• Online Virtual Care
• Company Paid Life Insurance for Employee, Spouse, Children
• Company Paid Long and Short-Term Disability
• Company Paid Employee Assistance Program
• Flexible Spending Account
• Education/Tuition Reimbursement Program – to supplement your current skillset or advance to a higher position.
• 401(K) – Company Match 100% up to 4%
• Bereavement Leave
• Volunteer Time Off Program
• Holiday Pay
• Employee Water Program – Free Water
• Referral Bonus
• Daily Pay
• FREE physical therapy on site!
• FREE access to near-site health care clinic (employees only)!

Essential Responsibilities

Inventory Transaction Oversight

• Supervises daily processing and review of inventory transactions including receipts, transfers, adjustments, production completions, and shipments.
• Ensure inventory transactions are accurately recorded within the ERP system.
• Monitors inventory movement activity and investigates unusual transactions or variances.
• Maintains integrity of inventory subledgers and related general ledger accounts.

Financial Reporting & Reconciliations

• Lead month-end and year-end inventory close activities.
• Review and approve inventory-related journal entries and account reconciliations.
• Analyze inventory reserves, obsolescence, shrinkage, and adjustments.
• Support internal or external audit requests and inventory testing procedures.

Inventory Controls & Compliance

• Develop, implement, and maintain strong internal controls over inventory transactions.
• Coordinate cycle count programs and physical inventories.
• Review count results and ensure timely resolution of discrepancies.
• Ensure compliance with GAAP, company policies, and audit requirements.

Variance Analysis

• Reviews inventory adjustment activity and identify root causes of discrepancies.
• Analyze manufacturing, warehouse, and transaction variances.
• Prepare management reports highlighting inventory trends, risks, and opportunities.
• Recommend corrective actions to improve inventory accuracy and transaction processing.

Process Improvement

• Drive continuous improvement initiatives related to inventory accounting and transaction processing.
• Collaborate with operations, purchasing, production, and IT teams to improve business processes.
• Assist with ERP enhancements, testing, and implementation of inventory-related system improvements.

Leadership & Team Development

• Supervise, train, and mentor supply chain staff responsible for inventory.
• Develop standard operating procedures and training materials.
• Foster a culture of accountability, accuracy, and continuous improvement.

Qualifications

Education

• Bachelor's degree in Accounting, Finance, or related field required.
• CPA, CMA, or MBA preferred.

Experience

• 5+ years of accounting experience with emphasis on inventory or cost accounting.
• 2+ years of supervisory or leadership experience preferred.
• Manufacturing environment experience strongly preferred.
• Experience with ERP systems (JD Edwards, SAP, Oracle, or similar).

Knowledge & Skills

• Strong working knowledge of GAAP.
• Thorough understanding of inventory accounting principles and controls.
• Advanced Microsoft Excel skills including Pivot Tables, Power Query, and data analysis.
• Strong analytical and problem-solving abilities.
• Ability to communicate effectively with accounting and operations personnel.
• Demonstrated leadership and project management skills.

Key Performance Indicators (KPIs)

• Inventory accuracy percentage.
• Cycle count completion and variance resolution.
• Timeliness of month-end close.
• Inventory adjustment trends.
• Reconciliation completion and audit results.

Physical Requirements

• Primarily office-based work environment.
• Occasional visits to manufacturing and warehouse facilities.
• Ability to sit, stand, walk, and lift up to 25 pounds occasionally.