Cost Accounting Manager
City of Altoona, PA · Altoona, PA · 1 mo ago
AccountingFull-time
About the role
Accountant works closely with Operations, Engineering, & Finance to improve costing processes, support decision-making, & maintain strong financial controls. This position reports to the Chief Financial Officer.
Responsibilities
Cost Accounting & Inventory
- Maintain and improve the company's cost accounting system
- Analyze manufacturing costs, including raw materials, labor, overhead, scrap, & landed costs
- Establish and monitor cost standards & investigate cost variances
- Perform monthly, quarterly, & annual standard cost updates
- Monitor inventory transactions, adjustments, shrinkage, scrap, & obsolescence
- Partner with Engineering & Production to maintain accurate Bills of Materials (BOMs)
- Support continuous improvement of inventory & costing processes
Financial Reporting
- Prepare & post journal entries
- Reconcile balance sheet accounts monthly
- Assist with monthly financial statements & support a three-day month-end close
- Prepare cost reports & present findings & recommendations to management
- Communicate significant cost changes & trends to leadership
Analysis & Business Support
- Develop financial models & cost analyses, including machine rates, activity-based costing, & variance reporting
- Support budgeting & forecasting through cost analysis & historical data
- Respond to audit requests & internal reporting needs
- Collect & analyze financial data for special projects
- Participate in cross-functional meetings to improve financial & operational performance
- Develop cost accounting processes for new products & co-manufactured items
Leadership
- Lead & develop a small team of cost accountants
- Promote continuous improvement & strong internal controls
- Collaborate effectively with Finance, Manufacturing, Engineering, & other departments