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Cost accounting manager hiring summary. Here are some key points about hiring cost accounting managers in the United States:
Here's a step-by-step cost accounting manager hiring guide:
A cost accounting manager is responsible for analyzing and evaluating pricing and costing systems of the goods and services of an organization, ensuring its adherence to the internal guidelines and state regulations. Cost accounting managers review business and financial transactions to generate accounting reports for management reference. They also identify business opportunities that would provide revenue resources and profits by monitoring industry trends and public demands. A cost accounting manager must have excellent analytical skills and accounting principles knowledge, especially in resolving account and expense discrepancies.
Before you post your cost accounting manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a cost accounting manager for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a cost accounting manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a cost accounting manager that fits the bill.
This list presents cost accounting manager salaries for various positions.
| Type of Cost Accounting Manager | Description | Hourly rate |
|---|---|---|
| Cost Accounting Manager | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $32-56 |
| Division Controller | A division controller is typically in charge of overseeing a company division's financial activities and human resources operations. Their role is to set objectives and guidelines, perform audits and assessments, evaluate the workforce performance, handle budgets and timelines, and develop strategies to optimize processes... Show more | $36-75 |
| Finance Controller | A financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures... Show more | $34-75 |
Including a salary range in your cost accounting manager job description is one of the best ways to attract top talent. A cost accounting manager can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $99,722 | $48 |
| 2 | Maryland | $94,193 | $45 |
| 3 | Texas | $94,190 | $45 |
| 4 | Nevada | $92,881 | $45 |
| 5 | New York | $92,696 | $45 |
| 6 | New Jersey | $92,295 | $44 |
| 7 | South Carolina | $91,197 | $44 |
| 8 | Georgia | $90,184 | $43 |
| 9 | Pennsylvania | $90,030 | $43 |
| 10 | California | $89,363 | $43 |
| 11 | Ohio | $88,045 | $42 |
| 12 | North Carolina | $87,702 | $42 |
| 13 | Arizona | $85,006 | $41 |
| 14 | District of Columbia | $84,324 | $41 |
| 15 | Oregon | $81,571 | $39 |
| 16 | Washington | $80,151 | $39 |
| 17 | Florida | $80,145 | $39 |
| 18 | Illinois | $79,428 | $38 |
| 19 | Missouri | $79,279 | $38 |
| 20 | Indiana | $78,043 | $38 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Microsoft | $110,117 | $52.94 | 46 |
| 2 | AbbVie | $108,788 | $52.30 | 15 |
| 3 | Cisco | $105,835 | $50.88 | |
| 4 | Dole | $104,924 | $50.44 | |
| 5 | PACCAR | $103,900 | $49.95 | 11 |
| 6 | Stryker | $103,629 | $49.82 | 7 |
| 7 | Golden State Foods | $103,588 | $49.80 | 2 |
| 8 | Florida Power and Light | $102,014 | $49.05 | 8 |
| 9 | BD | $101,760 | $48.92 | |
| 10 | VF | $101,595 | $48.84 | |
| 11 | Dexcom | $101,287 | $48.70 | 4 |
| 12 | OSI Group | $99,694 | $47.93 | |
| 13 | Analysts | $99,134 | $47.66 | |
| 14 | Turner & Townsend | $98,202 | $47.21 | 20 |
| 15 | GILLIG | $97,671 | $46.96 | |
| 16 | Teva Pharmaceuticals | $96,864 | $46.57 | 2 |
| 17 | Skechers | $96,287 | $46.29 | |
| 18 | Faithful+Gould | $95,173 | $45.76 | |
| 19 | Ashley HomeStore | $94,615 | $45.49 | |
| 20 | SeaSpine | $94,077 | $45.23 |
A cost accounting manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a cost accounting manager job description:
There are a few common ways to find cost accounting managers for your business:
Your first interview with cost accounting manager candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect cost accounting manager candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new cost accounting manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Hiring a cost accounting manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting cost accounting managers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of cost accounting manager recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for cost accounting managers is $89,286 in the US. However, the cost of cost accounting manager hiring can vary a lot depending on location. Additionally, hiring a cost accounting manager for contract work or on a per-project basis typically costs between $32 and $56 an hour.