Job Overview
We are seeking a detail-oriented and analytical Manufacturing Cost Accountant. The ideal candidate will possess a strong cost accounting experience, financial analysis, and manufacturing accounting principles. This role involves analyzing production costs, preparing detailed financial reports, and supporting strategic decision-making processes to optimize operational efficiency. The Manufacturing Cost Accountant will contribute to the continuous improvement of cost control systems within a dynamic manufacturing environment.
This role will also support pricing and profitability decisions by developing detailed SKU cards that accurately reflect the current cost of each product, including raw materials, labor, packaging, overhead, freight, and other applicable cost components.
Essential Key Responsibilities:
Product Costing & Manufacturing Analysis
- Analyze product costs from raw material receipt through finished goods shipment.
- Maintain and update standard costs, Bills of Material (BOMs), labor standards, and overhead allocations.
- Calculate and analyze material, labor, packaging, freight, and overhead costs.
- Review and update costing for new and existing products.
- Develop and maintain detailed cost cards for all current and new SKUs.
- Calculate and update actual product costs by analyzing all cost components, including raw materials, labor, packaging, freight, and manufacturing overhead.
- Monitor and investigate manufacturing variances.
- Analyze production yields, labor efficiency, waste, scrap, and rework costs.
- Evaluate product profitability and margin performance.
- Support product pricing decisions through accurate cost and margin analysis.
- Provide recommendations based on cost trends, margin opportunities, and operational efficiencies.
Inventory & Warehouse Cost Control
- Ensure accurate inventory valuation and inventory accounting.
- Reconcile inventory subledger to the general ledger.
- Participate in physical inventories and cycle counts.
- Investigate inventory discrepancies, shrinkage, and obsolete inventory.
- Partner with warehouse teams to improve inventory accuracy and controls.
- Analyze inventory movements and identify cost impacts.
Financial Analysis & Reporting
- Prepare monthly cost reports, variance analysis, and profitability reporting.
- Analyze purchase price, labor, yield, and overhead variances.
- Support month-end close activities related to inventory and manufacturing costs.
- Prepare journal entries and account reconciliations.
- Assist with budgeting, forecasting, and annual standard cost updates.
- Provide profitability analysis by product, customer, and production line.
- Develop reporting that provides visibility into product costs, margins, and manufacturing performance.
Operations Partnership
- Work directly with Production, Operations, Warehouse, Purchasing, and Sales teams to identify cost-saving opportunities and support profitability initiatives.
- Spend time on the production floor observing processes and validating cost assumptions.
- Assist with process improvement initiatives that improve efficiency and reduce costs.
- Support internal and external audits related to inventory and costing.
- Ensure compliance with company policies and internal controls.
Required Qualifications:
- Bachelor's degree in Accounting, Finance, Business, or related field.
- 4+ years of cost accounting experience within a manufacturing environment.
- Strong understanding of inventory accounting, product costing, and manufacturing operations.
- Experience developing product cost models, cost sheets, or SKU-level costing analysis.
- Experience partnering directly with production and operational teams.
- Advanced Microsoft Excel skills including Pivot Tables, XLOOKUP/VLOOKUP, formulas, and data analysis.
- Strong analytical, organizational, and problem-solving skills.
- Ability to communicate effectively with both financial and operational teams.
Preferred
- Experience with ERP systems and inventory management software.
- Experience with standard costing, variance analysis, inventory controls, and profitability analysis.
- Knowledge of Power BI or other reporting tools.
Join our team as we leverage advanced financial expertise to drive operational excellence and strategic growth within our manufacturing operations!
Pay: $95,000.00 - $105,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid sick time
- Paid time off
- Vision insurance
Work Location: In person
