Cost Accounting Manager
Rea Magnet Wire · Lafayette, IN · 3 mo ago
AccountingFull-time
Duties And Responsibilities
- Develop, maintain, and continuously improve the company’s unit costing and standard cost models
- Ensure product and customer margin accuracy and consistency across the organization
- Support pricing decisions through margin analysis, what-if scenarios, and sensitivity analysis
- Partner with Commercial teams on quoting, contract reviews, and margin improvement opportunities
- Partner with Operations and Supply Chain to validate cost inputs, routings, and assumptions
- Lead standard cost setting, annual updates, and ongoing variance analysis
- Analyze and explain material, labor, overhead, and yield variances
- Support raw material pass-through logic and margin protection mechanisms
- Identify margin erosion risks and proactively escalate concerns to finance leadership
- Ensure costing logic is clearly documented, understood, and trusted by stakeholders
- Support capital and process improvement projects with cost and margin impact analysis
Position Specification
- Bachelor’s degree in Engineering, Finance, Accounting, or related field; MBA preferred
- Strong manufacturing, operations, or industrial engineering background
- Demonstrated experience with standard costing and variance analysis
- Advanced Excel and analytical modeling skills; ERP experience preferred
- Ability to communicate complex cost concepts clearly to non-finance partners
- Confident, fact-based approach to challenging assumptions and decisions
Performance Standards
- Accuracy and credibility of product and customer margins
- Timeliness and usefulness of costing support for pricing and investment decisions
- Adept adoption and trust of costing models by Commercial and Operations teams
- Proactive identification of margin risks and improvement opportunities