Top Cost Accounting Manager Skills

Below we've compiled a list of the most important skills for a Cost Accounting Manager. We ranked the top skills based on the percentage of Cost Accounting Manager resumes they appeared on. For example, 16.7% of Cost Accounting Manager resumes contained Financial Statements as a skill. Let's find out what skills a Cost Accounting Manager actually needs in order to be successful in the workplace.

The six most common skills found on Cost Accounting Manager resumes in 2020. Read below to see the full list.

1. Financial Statements

high Demand
Here's how Financial Statements is used in Cost Accounting Manager jobs:
  • Managed staff of 4, consolidated, analyzed and reported monthly product line financial statements for worldwide manufacturing/service operations.
  • Reviewed financial statements, operating income and expense accounts, and loan documentation to confirm institution assets and liabilities.
  • Completed division annual financial plan, maintained monthly financial statements and analyzed capital projects and product line profitability.
  • Developed and introduced manufacturing and support cost center financial statements for staff and line.
  • Prepared and analyzed global financial statements for the North America Resin Division.
  • Produced and audited monthly Profit/Loss financial statements and variance schedules.
  • Created and maintained financial statements in coordination with software package.
  • Provided Financial Statements and recommendations for improvements to management.
  • Prepare monthly reports and financial statements for manufacturing operations.
  • Designed and implemented new financial statements with parent company.
  • Created monthly financial statements/analyzed profitability by product lines.
  • Developed Divisional Income Statement for internal financial statements.
  • Developed monthly financial statements and analyzed results.
  • Reviewed the financial statements as accounting manager.
  • Prepared financial statements including commentary on performance.
  • Prepared financial statements and key business reports.
  • Consolidated domestic and foreign financial statements.
  • Prepared monthly financial statements and analyses.
  • Prepared month-end closings and financial statements.
  • Developed and maintained general ledger, bank account reconciliations, month-end close, balance sheet reconciliation, and financial statements.

Show More

2. General Ledger Accounts

high Demand
Here's how General Ledger Accounts is used in Cost Accounting Manager jobs:
  • Perform weekly and monthly closing duties including balancing and journal entries to general ledger accounts.
  • Obtain batch numbers and prepare monthly balance of general ledger accounts.
  • Developed a PC based billing system in a LAN environment* Automated several manually balanced general ledger accounts which reduced staff by two
  • Assist bookkeeper with monthly financial close responsibilities, including reconciliation of various general ledger accounts, payroll and non-payroll related.
  • Prepared monthly account analysis and reconciliation of assigned general ledger accounts to ensure proper balance sand transactions are recorded and reported.
  • Prepared, reviewed and reconciled daily postings, general ledger accounts and bank statements to ensure accurate financial information is available.

Show More

3. Variance Analysis

high Demand
Here's how Variance Analysis is used in Cost Accounting Manager jobs:
  • Maintained General Ledger, performed variance analysis, recorded journal entry adjustments; recommended improvements to management.
  • Performed review and reconciliation of general ledger balances against operating plan with variance analysis summary for CFO.
  • Implemented annual standard setting process which immediately improved budgeting and forecasting capabilities while enhancing variance analysis.
  • Developed variance analysis for better understanding of our co-packaging plants and the differences between each facility.
  • Prepare month end operations package, addressing financial results, performance measurements and variance analysis.
  • Performed usage and pricing variance analysis between divisions to maintain cost accounting controls.
  • Computed and reported variance analysis for cost elements to ensure cost efficiency.
  • Report monthly variance analysis and their causes to management for effective decision-making.
  • Provided financial analysis, including productivity, scrap, and variance analysis.
  • Developed departmental production overhead budget, forecasts, and variance analysis.
  • Prepare and review monthly variance analysis, efficiency and productivity rates.
  • Prepared monthly variance analysis, forecast comparisons, and budget revisions.
  • Completed monthly actual variance analysis and year to go operating projection.
  • Resolve variance analysis reports comparing reported numbers versus actual numbers.
  • Led financial reporting and variance analysis for six company locations.
  • Prepared monthly variance analysis for review with plant management.
  • Prepared all variance analysis for monthly financial results.
  • Analyzed and reported variance analysis to Management.
  • Expedited COGS calculation and variance analysis.
  • Conduct material and labor/overhead variance analysis.

Show More

4. Annual Physical Inventory

high Demand
Here's how Annual Physical Inventory is used in Cost Accounting Manager jobs:
  • Prepared detailed costing analysis, performed monthly, semiannual and annual physical inventory counts.
  • Coordinated annual physical inventory including training of users and coordination of data entry personnel.
  • Planned and conducted annual physical inventory, along with reviewing and reconciling variances.
  • Managed month-end and annual physical inventory and reviewed for obsolescence and movement.
  • Support manufacturing in coordinating, conducting, and reconciling annual physical inventory.
  • Implemented a cycle count program eliminating the annual physical inventory.
  • Established cycle counting process and eliminate the annual physical inventory.
  • Coordinated and audited annual physical inventory for multiple locations.
  • Contribute to planning and management of annual physical inventory.
  • Directed annual physical inventory and reconciled discrepancies.
  • Directed cycle and semi-annual physical inventory counts.
  • Coordinate and reconcile the annual physical inventory.
  • Produced $250K in annual cost saving through design and introduction of weekly cycle counting procedures which replaced annual physical inventory.
  • Maintained all standard cost, managed work order tracking system, cycle counting system, and annual physical inventory.
  • Reduced internal and external audit comments and worked with Cost Analyst to obtain waiver for annual physical inventory.
  • Participated on a cross functional team that successfully reduced the annual physical inventory from 5 to 2.5 days.
  • Achieved audit compliance for annual physical inventory count, and quarterly inventory and reserve account balances.
  • Participated in annual physical inventory, reconciliation of the differences and recognition of the lost.
  • Plan, supervise and reconcile annual physical inventory for three plants exceeding $35MM.
  • Organized and supervised annual physical inventory of $6 million dollars of product.

Show More

5. External Auditors

high Demand
Here's how External Auditors is used in Cost Accounting Manager jobs:
  • Prepare audit documentation and work closely with external auditors to support inventory balances, inventory reserves and warranty balances.
  • Increased credibility of the financial numbers reported to upper management and external auditors.
  • Engaged in quarterly business review with Corporate Controller and external auditors.
  • Interfaced with external auditors in quarterly audit and Sarbanes-Oxley compliance.
  • Coordinate annual Physical Inventory at multiple locations with internal/external auditors.
  • Aided in physical inventory and worked with external auditors.
  • Interfaced with external auditors and prepare required audit schedules.
  • Worked with external auditors on cost segregation upon completion.
  • Provided audit schedules and analysis for Internal/external auditors.
  • Achieved zero management letter comments from external auditors.
  • Coordinated dates of physical inventory, and staffing of internal and external auditors at various plants.
  • Selected by senior management to assist corporate financial staff and external auditors with year-end close out.
  • Worked with internal and external auditors to explain account balances and provide detailed financial detail.
  • Oversee reporting to Divisional accounting, Plant functional groups and Internal & External Auditors.
  • Work with internal and external auditors for financial audit and SOX compliance testing/audit.
  • Organize and prepare balance sheet, cost and variance analysis for external auditors.
  • Work with external auditors and bank examiners to support inventory quantities and valuation.
  • Meet with internal and external auditors to review and validate SOX controls.
  • Interfaced with CFO monthly and external auditors on an as-needed basis.
  • Worked with internal and external auditors for quarterly and annual reviews.

Show More

Job type you want
Full Time
Part Time
Internship
Temporary

6. Inventory Control

high Demand
Here's how Inventory Control is used in Cost Accounting Manager jobs:
  • Initiated and implemented cost accounting and inventory controls to achieve maximum asset utilization in a rapid change, transitional environment.
  • Improved inventory controls by implementing ABC cycle counting, reduced number of inventory audits from quarterly to semi-annually.
  • Maintained standard cost accounting system and inventory control policies and procedures for discrete jobs in manufacturing environment.
  • Review global inventory reconciliations of consigned inventory and work with inventory control managers to resolve differences.
  • Introduced new technology and increased frequency of cycle counts to improve inventory control and efficiency.
  • Implemented strong operations controlling activities with strong emphasis to material variances and Inventory controls.
  • Redesigned and modernized inventory costing tools and led conversion of inventory control system.
  • Developed relationships with operations managers to help maintain better inventory control procedures.
  • Project manager for inventory control system in coordination with key manufacturing personnel.
  • Resulted in significant improvement to inventory control and shop floor accountability.
  • Designed and implemented written procedures for compliance with inventory control guidelines.
  • Maintained proper inventory controls and assisted in the management of inventory.
  • Created Inventory Control procedures to achieve optimum level of inventory.
  • Managed the monthly physical inventory control and cost analysis.
  • Coordinated all division physical inventories and inventory control procedures.
  • Improved inventory control procedures on high dollar value inventory items
  • Conducted cost-volume-profit studies, inventory control and cost analysis.
  • Coordinated inventory control and annual year end physical inventories.
  • Created Sarbane-Oxley documentation for cost accounting and inventory controls.
  • Direct interface with purchasing and manufacturing for inventory control

Show More

7. ERP

high Demand
Here's how ERP is used in Cost Accounting Manager jobs:
  • Computerized Texas Division perpetual inventory system
  • Consolidated book to perpetual inventories for all manufacturing plants and distribution centers, identified and resolved all inter-company account issues.
  • Managed monthly cost of sales reporting, invoice reconciliation and payments; interpreted business profitability to senior management.
  • Interpreted results with senior staff from various business units along with recommendations on how to improve profitability.
  • Coordinated cycle counts and physical inventories, monitored variances and adjusted books and perpetual inventory accordingly.
  • Eliminated large book to perpetual inventory differences by correcting calculation errors by the packaged software.
  • Supported ERP system requirements, operations, SOX Compliance/documentation, quarterly audit for Public Company.
  • Supervised and implemented a new complex enterprise-wide cost accounting, budgeting and analysis reporting system.
  • Planned, directed and coordinated financial reporting, perpetual inventory and cost accounting systems.
  • Implemented improved cost accounting policies and procedures to minimize book to perpetual inventory variances.
  • Led ERP system integration team and restructured manufacturing accounting system of newly acquired facility.
  • Developed advanced excel models for reconciling perpetual inventories by identifying erroneous operational transactions.
  • Developed a new process to daily reconcile book inventory to perpetual inventory.
  • Increased control of physical movement of inventory by establishing perpetual inventory system.
  • Provided cost consultation and variance analysis interpretation for Senior Management.
  • Selected as Finance representative on PeopleSoft ERP Inventory Management implementation.
  • Analyze and interpret monthly financial information in comparison to plan/forecast.
  • Analyzed ERP system performance and made recommendations for improvements.
  • Managed reconciliation of perpetual inventories to the general ledger.
  • Reported variance between actual and system perpetual inventories.

Show More

8. New Product Development

high Demand
Here's how New Product Development is used in Cost Accounting Manager jobs:
  • Established New Product Development and Costing Models for improved decision making and financial performance tracking.
  • Developed strong working relationship with Research and Development which facilitated costing for new product development.
  • Managed new product development in coordination with suppliers and manufacturers.
  • Developed consolidated Cost Model for New Product Development.
  • Conducted feasibility studies for new product development.
  • Calculated actual costs for new products as member of New Product Development Team at request of Vice President of Sales.
  • Designed a new Product Development Sheet that could be used from the Design Team through Manufacturing.
  • Developed and expanded R&D costing for new product development.
  • Tracked New Product Development from turnover to production start.
  • Negotiated salesmen commissions Analyzed costs for new product development, estimating and overall pricing structures.
  • Ensured completion of all new product development timelines, delivery, and quality.

Show More

9. Product Cost

high Demand
Here's how Product Cost is used in Cost Accounting Manager jobs:
  • Managed and performed product costing, standards revisions, gross margin analysis, inventory accounting and reconciliation for Manufacturing.
  • Develop and maintain standard product costs including manufacturing direct labor and overhead rates and reporting and analyzing thereof.
  • Developed corporate manufacturing process and overhead rates in a PeopleSoft environment which resulted in product cost accuracy.
  • Generate sensitivity analyses to forecast impact of variation in currencies and commodities markets on product cost.
  • Implemented product costing models based on direct, indirect spending and allocations from support organizations.
  • Performed general accounting and product costing activities in a process cost and periodic inventory environment.
  • Developed processes that dramatically increased the frequency and accuracy of new product cost estimates.
  • Developed standard product costs for 35,000 manufactured and purchased items using activity costing methods.
  • Redesigned inventory & cost accounting system to improve product costing and inventory accuracy.
  • Developed product costing model used to analyze product profitability and expense control.
  • Focus on re-engineering financial structure to improve product costing and reporting processes.
  • Maintained plant adherence to product cost and manufacturing accounting policies and directives.
  • Directed and maintained a cost management system that accurately reflects product cost.
  • Prepare and analyze standard product cost and identify cost reduction opportunities.
  • Converted company product cost standards from in-house to subcontract manufacturing.
  • Helped create web-based product costing and customer grade profitability system.
  • Developed new product costing for operations and business units.
  • Developed rates for product costs to effectively value inventory.
  • Reported monthly product costs and manufacturing variances.
  • Developed manufacturing expense and product cost budgets.

Show More

10. Journal Entries

high Demand
Here's how Journal Entries is used in Cost Accounting Manager jobs:
  • Processed month end close including journal entries, account reconciliations, financial statement preparation and corporate reporting.
  • Prepared monthly closing of Inventory accounting system including journal entries and reconciliations.
  • Reviewed Auto Shop expenses/product rebates/work order variances/LIFO for monthly journal entries.
  • Maintain company capital asset inventory and perform monthly journal entries.
  • Managed daily production reporting, all general accounting duties, payroll taxes, inventory reconciliation, fixed assets and journal entries.
  • Completed month-end close outs in BPCS, as well as posting journal entries and verifying balances of general ledger in Oracle.
  • Prepared month-end journal entries for cost of sales, fixed assets, payroll, raw materials and finished goods.
  • Reviewed all journal entries to ensure revenue, deferred revenue, warranty, and cost recognition were properly booked.
  • Assisted in month-end closing, prepared journal entries as necessary, analyzed inventory evaluation, inventory roll forward.
  • Participated in the month-end close, including preparation of required journal entries and manufacturing variance reports.
  • Managed with hands-on the month end closing processes, journal entries, reconciliations and reports.
  • Developed expertise in margin and freight analysis, standard costing, and journal entries.
  • Prepare all cost and inventory related journal entries, reconciliations, and management/audit review.
  • Complete daily, monthly, and quarterly projects, reports, and journal entries.
  • Reconcile bank statements and prepare and enter journal entries for month end close.
  • Prepared monthly journal entries for inventory, cost of production, and absorption.
  • Prepare all cost accounting journal entries and process month-end and quarter-end close.
  • Recorded and entered cash receipts, cash disbursement, and journal entries.
  • Performed account reconciliation, completed month-end close, and updated journal entries.
  • Assist with month-end close tasks including account reconciliation and journal entries.

Show More

11. Cost System

high Demand
Here's how Cost System is used in Cost Accounting Manager jobs:
  • Managed the design and implementation of an activity-based standard cost system that provided insight into cost and margin enhancement opportunities.
  • Led the implementation of financial cost systems reporting into Bahrain manufacturing operations to support strategic low cost producing initiative.
  • Identified major restraints in cost system that prevented automatic costing of inventory transactions and improved accuracy of costing system
  • Completed installation of automated direct cost system and trained division personnel in use.
  • Managed a 9-person cost accounting staff that administered and maintained proprietary cost system.
  • Enhanced standard cost system to improve information integrity, reliability, and accuracy.
  • Performed activities to develop and maintain an accurate manufacturing cost system.
  • Designed and implemented standard cost system based on existing production model.
  • Developed and maintained standard cost systems for monthly financial reporting.
  • Designed and implemented direct cost system facilitating incremental business.
  • Maintained the standard cost system and ensured inventory reliability.
  • Cost Manager Developed and maintained material, labor and overhead components on BPCS standard cost system to analyze and report variances.
  • Maintained a SAP based Cost System at Weighted Average Costs for Finished Goods and at Standard Costs for Packaging Material.
  • Directed and implemented a standard cost system for manufactured products and a weighted average cost system for distribution products.
  • Reduced overhead from 400% in 1981 to 150% in 1984 by revising standard cost system and control.
  • Coordinated implementation of new cost system; developed costing procedures and instituted standard rates for quoting and costing purposes.
  • Worked closely with the accounting groups to help understand and use the new Oracle Standard Cost system.
  • Review plant budgets and ensure cost systems are properly maintained at both plant and HQ levels.
  • Reviewed major contract bids for cost accuracy and was team member for new Oracle cost system.
  • Established, developed and implemented a job order cost system on an IBM personal computer.

Show More

12. Annual Budget

high Demand
Here's how Annual Budget is used in Cost Accounting Manager jobs:
  • Prepared tax statements and government reports, formulated annual budgets and monthly department updates, and calculated overhead and manufacturing rates.
  • Provided analyses of variances, maintained multiple general ledgers, prepared monthly financial reports and annual budgets for the manufacturing facility.
  • Maintained standard cost integrity including annual standard changes, inventory valuation, monthly closings, account reconciliations and annual budgeting.
  • Coordinate the annual budget and quarterly forecasts with other department managers and submits to corporate accurately and timely.
  • Devised business activity reports, financial position forecasts, annual budgets and reports required by regulatory agencies.
  • Received positive feedback from Manufacturing for flawless support of annual budget and monthly financial reporting processes.
  • Completed annual budget, projections and financial reporting accurately within weeks of accepting position.
  • Prepared annual budgets for all manufacturing facilities, including direct and indirect labor.
  • Created a new annual budget and forecasting model to increased efficiency and accuracy.
  • Managed follow-up absorption analysis on annual budgeted rates and Y/E adjustments.
  • Prepared and delivered annual budget presentations, with key cost-saving recommendations.
  • Created annual budgets and developing flexible models for what-if analysis.
  • Coordinate annual budgets for $240,000,000 in sales domestically/internationally.
  • Developed annual budgets by department with operations team.
  • Produced annual budget and monthly forecast proposals.
  • Develop annual budgetary operating plan.
  • Collaborated in annual budget process.
  • Worked with production managers to develop annual budget goals including determining the standard cost of goods and labor and overhead rates.
  • Constructed annual budget and capital equipment ROI; performed activity-based costing and variance analysis; worked on new product proposals.
  • Led annual budgeting and review cycles, physical inventory counts in multiple divisions, segment and category gap analysis.

Show More

13. Raw Materials

high Demand
Here's how Raw Materials is used in Cost Accounting Manager jobs:
  • Authored product specifications/decor documentation- to prepare factory purchasing managers to buy raw materials for new product lines.
  • Implemented Sherwin-Williams standard costing methodology of finished goods and manufactured raw materials into two acquisitions in Mexico.
  • Managed monthly physical inventory process for finished goods and raw materials.
  • Managed raw materials and finished inventory.
  • Manage month end reporting for (inventories of Raw Materials, Work in Process, Finish Goods) for manufacturing sites.
  • Supply P&L responsibility of $550 million in revenues and $240 million in raw materials and conversion costs.
  • Managed inventory and yield reporting system for popping corn, corn, other ingredients, and packaging raw materials.
  • Collaborate with the Materials Manager to find best cost pricing for the procurement of raw materials and freight.
  • Analyze changes in product design, raw materials, manufacturing methods to determine effects on cost.
  • Review billings payments process charges for Raw Materials, Packaging Materials and MRO Items.
  • Created accurate standard costs for finished goods and raw materials.
  • Prepare budgets and forecasts for fish, raw materials, labor and overhead.THE DIAL CORPORATION(Consumer products incl.

Show More

14. Cost Analysis

high Demand
Here's how Cost Analysis is used in Cost Accounting Manager jobs:
  • Defined more value added analysis contribution including monthly management reporting, landed cost analysis and competitor analyses.
  • Manage finance and accounting functions to support plant operations by providing financial cost analysis and business results.
  • Developed cost analysis tool, used to evaluate the profitability of capital equipment purchases.
  • Audited physical inventory and provided cost analysis of engineering changes and updates.
  • Provided proper comparative and competitive cost analysis in make versus buy evaluations.
  • Developed monthly, quarterly and yearly cost analysis presentations for operations team.
  • Prepared weekly reports, cost analysis and profitability studies for management.
  • Provided management team accurate and timely cost analysis.
  • Perform cost analysis and corresponding financial reporting.
  • Provided insightful cost analysis and decision support.
  • Prepare manufacturing cost analysis for management.
  • Provide cost analysis and negotiation support for the annual re-rates and renewals for the self-insured and fully insured benefit plans.
  • Assist CFO in various projects including gross profit analysis, cost analysis by brand and due diligence on potential acquisitions.
  • Performed operational planning, make versus buy decision and variable cost analysis on new products to determine manufacturing source.
  • Performed Margin Cost Analysis detailing the elements of cost that is creating variances between quote and actual costing.
  • Manage price and cost analysis of major subcontractor and supplier proposals including fact-finding, analysis, and negotiation.
  • Created custom reports in Excel and Access to assist the project team with cost analysis and management.
  • Managed cost accounting for manufacturing facilities in Louisiana and Idaho; performed cost analysis for new products.
  • Led integration of an international consulting firm to provide cost analysis services for Chrysler LLC.
  • Perform Cost Analysis reporting and audit pricing and discrepancies; weekly, monthly and quarterly.

Show More

15. A/P

average Demand
Here's how A/P is used in Cost Accounting Manager jobs:
  • Developed business procedures & documented process flows, troubleshoot, reconcile, supervise A/P & cost accountants, etc.
  • Managed all areas of Cost Accounting including A/P, cost accounting, payroll and various other financial functions.
  • Implemented new business software system for the Inventory, G/L, Cost, A/R, and A/P subsystems.
  • Worked as a liaison between Production, and A/P to resolve any payment issues with vendors.
  • Coordinated daily A/P check runs and nightly JD Edwards system backups.
  • Managed three clerks responsible for A/P, A/R and Payroll.
  • Monitored A/P, A/R and Payroll functions.
  • Managed A/P and Cost Accounting.
  • Experience gained in A/P, A/R, G/L, fixed assets, and petty cash.
  • Oversee all phases of A/R, A/P, and General Ledger.
  • Supervised the A/P and 2 Jr.
  • Refined physical inventory procedures and reconciliations * Supervised daily operations of A/P and Fixed Asset staff of 12-15 people.
  • Develop financial intergration for six satellite locations; including Inventory Control, Purchasing, A/P and Perfromance reporting.

Show More

16. Balance Sheet

average Demand
Here's how Balance Sheet is used in Cost Accounting Manager jobs:
  • Performed expense budgeting, reporting and analysis, balance sheet reviews, capital budgeting and justification analysis.
  • Perform regular account reconciliations to verify accuracy of balance sheet accounts.
  • Performed monthly inventory account reconciliation for subscriber balance sheet accounts.
  • Prepared and reviewed reconciliations of balance sheet accounts.
  • Analyze and report on consolidated balance sheet-inventory reporting.
  • Performed monthly reconciliation of balance sheet accounts.
  • Created bill of materials, calculated cost of goods sold (COGS) for new products and reconciled balance sheet.
  • Full reconciliation of all balance sheet accounts, with focus on inventory and petty cash accounts after Oracle conversion.
  • Created Product Line P&L's and balance sheets to identify tactical decision plans for cash flow gain.
  • Maintained current prices of inventory in system, and maintain accurate inventory for balance sheet and banking purposes
  • Prepared monthly financial forecast (income statement, balance sheet, and cash flow statement).
  • Reconcile Balance Sheet & P & L Accounts and Generate Production Labor and Material Variance Reports.
  • Achieved $8MM in Customization inventory reduction in first year resulting in improved Balance Sheet position.
  • Prepared L&O Capitalization calculation and moved non bill of material expenses to balance sheet.
  • Cleaned up the balance sheet during consolidation of the three entities into one and reducing staff.
  • Prepared and reviewed with management monthly trial balances, balance sheets, and income statements.
  • Review and approve balance sheet account reconciliations monthly and facilitate annual balance sheet review process.
  • Performed Due Diligence/Purchase Account testing of the opening balance sheet for Purchase/ Sale Agreement.
  • Reconcile inventory Balance Sheet accounts to detailed Inventory Value Reports and comment on differences.
  • Key liaison between the Plant and auditors ensuring robust balance sheet positions and controls.

Show More

17. Cost Savings

average Demand
Here's how Cost Savings is used in Cost Accounting Manager jobs:
  • Explained variances and provided recommendations for areas of improvements and opportunities resulting in cost savings and better forecasting visibility.
  • Managed vendor consolidation projects, cost savings initiatives, and established direct sourcing efforts offshore.
  • Consolidated accounting functions resulting in consistency and cost savings.
  • Developed cohesive financial reports for cost savings.
  • Implemented and managed Oracle cycle count process to replace annual physical inventory for a cost savings of roughly $ 100K annually.
  • Realized over $580M in cost savings, with another $1.1M in cost savings targeted for first fiscal year.
  • Developed the process to evaluate excess/obsolete inventory resulting in 10% reduction in inventory, $80K in cost savings.
  • Reduced material costs on DRAM by 25% over one year, resulting in a $350M cost savings.
  • Executed on forecast to deliver $40MM of cost savings to business on $400MM of COGS in 2016.
  • Identified and monitored cost savings in corporate travel activities for USD 2 million/year (10%).
  • Act as consultant of Plant Managers on how to generate cost savings and maintain production standards.
  • Developed new Vendor Validation Analysis Reports and processes, resulting in 1.2million in annualized cost savings.
  • Support Cost Savings Program(s) recommended a common online folder for all team members.
  • Managed the Q1LE reporting process as it related to cost savings associated with material and labor.
  • Track Cost Savings projects and report variances to determine reasons, offer solutions to improve outcome.
  • Develop, implement and manage energy utility rates, and energy related cost savings improvements.
  • Generated $940K manufacturing cost savings Created and implemented a new variance reporting system.
  • Maintain inventory, develop cost savings, forecast accounts, and close accounting periods.
  • Identified $200K cost savings related to material tolling arrangements with third-party companies.
  • Identified variances between standard and actual production performance and opportunities for cost savings.

Show More

18. SOX

average Demand
Here's how SOX is used in Cost Accounting Manager jobs:
  • Maintained SOX documentation and provided guidance as it related to inventory policies.
  • Prepared inventory-related SOX controls monthly and quarterly.
  • Helped design and implement internal audits for assigned areas of SOX compliance quarterly; served as interim SOX coordinator.
  • Track all spending for capital improvement projects and maintain database of invoices for auditors and SOX compliance.
  • Direct liaison with Banking institutions and outside auditing firm, managed quarterly/yearly auditing process SOX compliance.
  • Assist in SOX compliance in testing quarterly controls and submitting tests to the SOX Director.
  • Received Employee of the Year Award in 2000 for outstanding performance SOX Compliance Manager.
  • Established WW royalty process, participate Oracle conversion to 11I and complete SOX document.
  • Perform SOX tests and make sure to be in compliance with regulations.
  • Played a key role in establishing new SOX controls for the business.
  • Resolved accounting discrepancies and irregularities to conform to SOX control standards.
  • Established and enforced compliance with SOX mandates within internal audit cycles.
  • Process owner of several inventory related SOX controls.
  • Assisted in SOX compliance controls testing for Corp.
  • Process SOX documents relate to Cost Accounting function.
  • Designed and tested procedures to ensure SOX compliance.
  • Worked with auditors/SOX staff to provide information.
  • Documented accounting processes for SOX audit.
  • Maintain and insure SOX compliance.
  • Implemented accounting processes for Leases, LIFO, Section 199, IFRS, and SOX.

Show More

19. BOM

average Demand
Here's how BOM is used in Cost Accounting Manager jobs:
  • Authored a Policy and Procedure focused on reducing daily manual inventory adjustments requiring extensive work with engineering especially with BOM's.
  • Managed all manufacturing accounting activities related to standard cost development, including routing/BOM maintenance and manufacturing variance accounting.
  • Demonstrated cycle reduction activities such as standardized costing templates and electronic BOM analysis.
  • Review bills of material to ensure that they are prepared properly and that the BOM accurately represent the actual product produced.
  • Trained staff on closing policy and procedures for BOM, inventory; WIP, raw material and finished goods.
  • Input new product structures when developed and maintain all BOM's for the company in Microsoft Dynamics SL.
  • Interacted with Production Control to ensure Bills of Materials (BOM) are accurate and up to date.
  • Created detailed BOM s for manufacturing which included assemblies, material, outsourcing activities and operations.
  • Oversee all BOM maintenance, variance analysis, monthly account analysis, and inventory transactions.
  • Developed, executed and maintained costing and inventory system for BOM creation and inventory control.
  • Manage all inventory, standard cost, BOM, ECO, and turnkey vendor issues.
  • Worked with product managers and purchasing on special pricing on custom BOM for OEM customers.
  • Managed Cost Accountants Maintain document control including ECN, BOM, Linking and Item Attributes.
  • Have a thorough understanding of BOM, manufacturing processes, and production capability.
  • Worked closely with engineering in development of BOM and standards utilizing SAP software.
  • Calculated BOM cost in system level, PCBA level and discreet component level.
  • Defined product work flows and BOM for Standard Costing.
  • Managed validation of Routings, BOM's, and Master Data to insure products are costed accurately.
  • Investigated and corrected variances in actual vs. estimate cost of BOMs, inventory, and PPV.
  • Reviewed cut tickets, cuttermust, and checked BOM information for accuracy for all yielding process.

Show More

20. Overhead Rates

average Demand
Here's how Overhead Rates is used in Cost Accounting Manager jobs:
  • Re-engineered standard cost methodology for the Packaged Cylinder Gas Business, which included revised computations for labor and overhead rates.
  • Review and management of plant manufacturing labor and overhead rates including validation of period absorption and variance impact.
  • Prepared departmental budgets and created manufacturing labor and overhead rates.
  • Developed overhead rates and supervised fixed asset system.
  • Calculated absorption and overhead rates.
  • Implemented the company's first automated shop floor reporting system, including bills of materials, overhead rates and routing operations.
  • Establish overhead rates by facility and summarize variance against rates monthly for over or under allocated costs and root cause.
  • Need to verify standard labor and overhead rates, departmental costs, and R & D project classifications.
  • Worked with VP of Finance to establish new raw material costs and revised labor and overhead rates.
  • Maintain standard costing system in Microsoft GP by analyzing labor and overhead rates on a semi-annual basis.
  • Designed new chart of accounts to utilize department reporting and analyze overhead rates and cost variances.
  • Worked with Engineers to understand overhead rates, cost of capital, and net present value.
  • Developed model for standard costing using multiple overhead rates, and using an ABC approach.
  • COST ACCOUNTING MANAGER 1996 - 1997 Developed standard machine and overhead rates for production department.
  • Set and maintained Installation and Warranty rates, and Purchasing and Production Overhead rates.
  • Managed the yearly cost update, setting labor, freight and overhead rates.
  • Analyzed actual labor, burden, and overhead rates against standard rates.
  • Work center overhead allocation - used to determine annual overhead rates.
  • Developed new labor and overhead rates, budget and forecasts.
  • Developed labor, labor overhead, and material overhead rates.

Show More

21. Inventory Valuation

average Demand
Here's how Inventory Valuation is used in Cost Accounting Manager jobs:
  • Created the standard product costing system for all manufactured items, improving inventory valuation accuracy and eliminating an audit issue.
  • Worked closely with external auditors, particularly regarding current and obsolete inventory valuation.
  • Instituted concept and accounting procedure for eliminating excess capacity from standard inventory valuation.
  • Maintained proper inventory valuation and drove action to reduce and control inventory levels.
  • Improved accuracy of costing/inventory valuation and totals, and improved turnaround time.
  • Developed standard costing, budgets, inventory valuation and variance monitoring.
  • Developed SAP accounting solution design for standard costing inventory valuation globally.
  • Maintain inventory valuation through new product development and variance reviews.
  • Direct the implementation of cost accounting methods and inventory valuation.
  • Create and administer inventory valuation process.
  • Drafted world-wide inventory valuation policy.
  • Developed and maintained standard costs for material, labor and overhead to be utilized for inventory valuation and product costing.
  • Worked with the engineering department to improve company's Bill of Material and improved inventory valuation standard costs.
  • Directed physical inventories resulting in a .06% variance on a $4 million inventory valuation.
  • Reported manufacturing variances, raw material usage, inventory valuation, and production volume.
  • Provided monthly variance analysis, inventory valuations, and assisted with month end closing.
  • Managed a staff of eight with full responsibility for the maintenance of inventory valuations.
  • Managed a staff of six in administering a standard cost inventory valuation system.
  • Job costing and inventory valuation for three production facilities.
  • Streamlined month-end close for 5M inventory Review and monthly analysis of inventory valuations, production and other costs.

Show More

22. Cost Accountants

average Demand
Here's how Cost Accountants is used in Cost Accounting Manager jobs:
  • Supervised cost accountants and interfaced with production and purchasing departments.
  • Manage 3 Manufacturing Analysts/Cost accountants.
  • Managed 3 cost accountants providing support for 2 semiconductor manufacturing sites, with sales in excess of $100M per year.
  • Provided direction and support to team of 3 cost accountants based in the U.S., Philippines, and Belgium.
  • Recruited, trained and empowered a team of five cost accountants performing budgeting, forecasting and month-end close activities.
  • Managed 4 cost accountants for costing displays and special packs for Beauty, Health & Well Being.
  • Trained cost accountants, within other subsidiaries, with the use of new cost programs.
  • Worked closely with financial controller and cost accountants for weekly budget forecast setting and attainment.
  • Worked with the sales team and local cost accountants to prepare the annual business plan.
  • Manage two Cost Accountants, a Cost accounting clerk, and a staff accountant.
  • Direct management of Cost Estimating departments as well as direct report Cost Accountants.
  • Supervised a staff of 4 cost accountants and 5 accounts payable personnel.
  • Managed a staff of five cost accountants and $120M of inventory.
  • Hired, supervised and trained Staff / Cost Accountants and Purchasing Agent.
  • Supervised a staff of two cost accountants and one inventory accountant.
  • Provide technical support to all Cost Accountants within the Holland Group.
  • Managed 3 companies with the assistance of 4 Cost accountants.
  • Direct and provide for staff development for three cost accountants.
  • Provided training for new Cost accountants hired at all plants.
  • Managed Team of cost accountants through several system conversions.

Show More

23. Sarbanes-Oxley

average Demand
Here's how Sarbanes-Oxley is used in Cost Accounting Manager jobs:
  • Installed self-auditing processes, resulting in strong controls and Sarbanes-Oxley compliance
  • Developed corporate Sarbanes-Oxley, documentation and testing compliance programs.
  • Managed the Sarbanes-Oxley worldwide implementation for cost accounting.
  • Initiated Sarbanes-Oxley compliance for Residential manufacturing division.
  • Supported Sarbanes-Oxley audits and testing.
  • Identified the gaps and made sure that the gaps were closed in documentation as part of Sarbanes-Oxley (SOX) Compliance.
  • Prepare annual documentation regarding inventory, manufacturing, and costs related to Sarbanes-Oxley Act (SOX).
  • Led cost section of Sarbanes-Oxley procedure development and follow-up test resulting in passing of all audits.
  • Performed internal control audit for the division using Section 404 of the Sarbanes-Oxley Act.
  • Implemented various Sarbanes-Oxley Best Practices in preparation for going public.
  • Project leader for completion of Sarbanes-Oxley compliance.
  • Manage the implementation of and the on-going compliance review of Sarbanes-Oxley (SOX) controls as related to cost accounting.
  • Manage Sarbanes-Oxley (SOX) governance controls and financial oversight of inventory for three Heatcraft WWR facilities.

Show More

24. MRP

average Demand
Here's how MRP is used in Cost Accounting Manager jobs:
  • Developed an MRP model, which provided critical visibility to inventory requirements.
  • Prepared rolling forecasts for MRP, labor and overtime monthly to provide direction to sales, purchasing and production teams.
  • Implemented MRP system and developed bill of material specifications, inventory data, and the master production schedule.
  • Experience in developing and operating systems to monitoring and establish material with usage of a MRP system.
  • Developed system specifications for project scheduling, purchasing, MRP, warehouse, and accounting.
  • Created inventory forecasting program for 2500 parts based on inventory policy and MRP requirements.
  • Served as Project Leader in the implementation of a closed loop MRP system.
  • Worked daily with Excel spreadsheets, Visual MRP system and system generated reports.
  • Assist the Master Scheduler in the construction of the MRP and MPS process.
  • Designed and implemented an MRP system for production materials purchase.
  • Represented Finance on plant MRP II Class A team.
  • Participated in Core Team implementation of MAS MRPII.
  • Coordinated cross functional installation of MRP.
  • Finance team leader for MRP implementation.
  • Project leader for MRP systems implementation.
  • Participated in the MRP implementation.
  • Provided an enhanced platform for cost and operational analysis by implementing Misys MRP software in two manufacturing divisions.
  • Directed financial consolidations and analysis for N.A.manufacturing operations Managed full implementation of Cost Accounting functionality in MRPII systems
  • Maintained material and labor standards impacting all MRP programs.
  • Upgrade and enhance current MRP system to latest release.

Show More

25. Internal Controls

average Demand
Here's how Internal Controls is used in Cost Accounting Manager jobs:
  • Established internal controls, development of monthly financial reporting and communicated results to all levels of management.
  • Documented business processes for FCPA to review internal controls and identify improvements.
  • Implemented policies and procedures to improve operations and internal controls.
  • Establish major auditing and accounting procedures to improve internal controls.
  • Developed first-time internal controls that drove awareness and improvements.
  • Maintained internal control documentation and tested internal controls.
  • Documented and implemented Internal Controls.
  • Ensured accuracy of internal controls and audit reviews of accounts payable, travel and entertainment expenditures, and inventory deposit advances.
  • Developed, implemented and documented standard policies, procedures and systems of internal controls for both domestic and foreign plants.
  • Developed internal controls, monitoring accounts payable vs. production, receivables vs. budgeted, expected vs. actual costs incurred.
  • Support all internal controls and safe guard fixed assets and meet all the requirements of internal and external audits.
  • Designed and implemented internal controls regarding inventory to include flow charts, desk procedures, and training materials.
  • Established new internal controls that reduced costs by 18% while meeting regulatory and company policies and procedures.
  • Helped to establish and ensure proper internal controls for an eight year 1 billion dollar project.
  • Support and maintain strong internal controls and co-ordinate SOX related testing for the site.
  • Design, implementation and monitoring of internal controls, production processes, and procedures
  • Implement internal controls to make sure policy and procedures are being met.
  • Establish and enforce internal controls to ensure the integrity of financial information.
  • Assist in the development and review of internal controls.
  • Owned internal controls compliance ($500MM spend).

Show More

26. Goods Sold

average Demand
Here's how Goods Sold is used in Cost Accounting Manager jobs:
  • Prepared Cost of Goods Sold Reconciliation on a quarterly basis for global headquarters which included detailed commentary to explain the variance.
  • Lead role in monthly forecast process for all areas of Cost of Goods Sold, inventory and manufacturing spending.
  • Report sales, cost of goods sold and gross profit by customer, product, business unit and region.
  • Prepared many month end entries, including Cost of Goods Sold and Cost of Good Manufactured with variances.
  • Hired as a cost accountant and reported the cost of goods sold for all departments of the company.
  • Calculated cost of goods sold for each product unit and transferred costing results to Profitability Analysis.
  • Cost of goods sold, finished goods, and work in process inventories journal entries.
  • Reconcile inventories, cost of goods sold, warranties, maintenance cost and consigned inventories.
  • Created and analyzed cost of goods sold month end close entries to corporate general ledger.
  • General accounting included payroll, account payable, revenue, and cost of goods sold.
  • Calculated production costs and recorded cost of goods sold using percentage of completion basis.
  • Prepare month end journal entries and reconciliations for Cost of Goods Sold & Inventory.
  • Developed and implemented SOx controls for Accounts Payable, Accounts Receivable, Inventory, and Cost of Goods Sold Accounts.

Show More

27. Gaap

average Demand
Here's how Gaap is used in Cost Accounting Manager jobs:
  • Managed all internal/external audits, SOX/GAAP compliance, related to inventory/costing/variances.
  • Led Cost Accounting Team on Sarbanes-Oxley implementation establishing documentation standards, internal controls, procedures, and GAAP financial reporting.
  • Directed the development, administration, and standards necessary to maintain financial controls in compliance with GAAP and SOX.
  • Enabled bringing company's financial reports up to GAAP standards and current after two years of SEC reporting delays.
  • Prepared accounting journal entries along with monthly and annual financial reporting associated with U.S. GAAP and other government regulations.
  • Warranted compliance with GAAP by identifying Excess & Obsolete items and products under warranty and booking ample reserves.
  • Designed and maintained internal audit programs to ensure manufacturing operations' compliance with FAR, CAS and GAAP.
  • Formulated & administered cost policies and procedures which brought company into compliance with government and GAAP regulations.
  • Interfaced with external auditors and prepared audit schedules to ensure GAAP compliance with ASC330 and ASC460.
  • Coordinate quarterly reviews and year-end audits to insure compliance with GAAP as related to cost accounting.
  • Audit the financial statement and other documents for compliance with GAAP and SOX regulations.
  • Set cost accounting policies in accordance with General Accepted Accounting Practices (GAAP).
  • Led fifteen annual GAAP/SOX audits by PWC and EY with no significant findings.
  • Performed GAAP analysis to convert inventory valuation from standard cost to LIFO.
  • Perform work in compliance with, IFRS, GAAP and Sarbanes-Oxley requirements.
  • Establish project controls and procedures in accordance with GAAP and GAAS standards.
  • Organized and observed cycle counts and physical inventories in compliance with GAAP.
  • Converted Standard Material cost to Actual cost in accordance with GAAP.
  • Ensured revenue recognition is in compliance with GAAP.
  • Assisted in preparing IFRS and GAAP reporting.

Show More

28. Cycle Counts

average Demand
Here's how Cycle Counts is used in Cost Accounting Manager jobs:
  • Structured and maintained monthly physical inventories and recommended cycle counts to ensure accurate inventories.
  • Perform periodic cycle counts and yearly physical inventory audits resulting in minimal adjustments.
  • Maintained integrity of regularly scheduled Plant Physical Inventories and Cycle Counts.
  • Conducted physical inventories and cycle counts at distribution locations.
  • Directed daily cycle counts of warehouse inventory and periodic audits of field inventory with a total asset value over $28Mill.
  • Managed bills of materials, cycle counts, reconcile inventory to G/L, physical inventory, audits.
  • Established process to eliminate redundant inventory cycle counts; saved >$10K annually.
  • Replaced most annual physical inventories with cycle counts, annual savings of $70K.
  • Coordinate physical inventories and cycle counts, investigate cycle counting variances and resolve issues.
  • Reduced inventory adjustments by 25% by implementing regular cycle counts.
  • Managed the monthly completion of cycle counts and explanations of adjustments.
  • Coordinate and supervise inventory cycle counts for all divisions.
  • Implemented weekly Cycle Counts and an MRR program.
  • Maintained cycle counts on a regular basis.
  • Supervised physical inventories and cycle counts.
  • Managed and conducted cycle counts.
  • Developed methodology to support weekly cycle counts as well as tracking results so as to be in compliance with Corporate guidelines.
  • Maintain and oversee inventory levels as well as cycle counts and yearend inventory.

Show More

29. Direct Labor

average Demand
Here's how Direct Labor is used in Cost Accounting Manager jobs:
  • Monitored direct Labor and material costs to insure product line profitability.
  • Prepared weekly financial and direct labor reports for upper management.
  • Prepared and implemented annual plant indirect labor budget.
  • Developed Overhead and Direct Labor forecasts.
  • Analyzed all manufacturing overhead accounts, prepared sales and gross margin analysis, pricing studies, direct labor analysis.
  • Combined with adjusted standard direct material and direct labor, designed margin analysis by product and by customer.
  • Trained hourly associates in Direct Labor reporting, Material Usage reporting, and in taking Physical Inventory.
  • Trained employees on reporting systematically direct Labor which reduced Labor cost more than 20% total cost.
  • Support the plant controllers on overhead and direct labor analysis and plant duties.
  • Prepared weekly direct labor and efficiency tracking reports for all touch labor areas.
  • Prepared annual material, direct labor, and related overhead rates.
  • Analyze direct labor variances and create actual labor entries.
  • Developed and implemented a new direct labor program.
  • Managed and accounted for direct labor costs Charged to machines/pieces produced and they Created labor and overhead absorption standard & actual rates

Show More

30. Direct Reports

low Demand
Here's how Direct Reports is used in Cost Accounting Manager jobs:
  • Re-staffed and defined responsibilities of professional staff of 6 direct reports
  • Supervised 1 direct report and 2 indirect reports as the Cost Accounting Manager.
  • Manage 8 direct reports (2 corporate employees and 6 plant controllers).
  • Managed a team of four direct reports, one supervisor and three clerks.
  • Hired and trained direct reports - 3 senior analysts and 2 accountants.
  • Prepare plant recovery for variance reporting and supervision of 8 direct reports.
  • Managed three direct reports, functional process owner for SAP conversion.
  • Led Engineering Team consisting of five direct reports and 30 engineers.
  • Led, developed and coached eight (8) direct reports.
  • Managed five direct reports and implemented cross training throughout the department.
  • Retrained 10 direct and 12 indirect reports in 5 countries.
  • Provide training, coaching and guidance to direct reports.
  • Supervised over 200 employees with 5 direct reports.
  • Managed 10 or more direct reports.
  • Mentor 1-4 direct reports simultaneously.
  • Managed Southern plant operations and phase-down / divestiture of a business component from a multi-unit environment with 4 direct reports.
  • Provided counsel to VP of Operations and his direct reports Assisted in the attainment of corporate and strategic goals.
  • managed professional staff: 8 direct reports.

Show More

31. Special Projects

low Demand
Here's how Special Projects is used in Cost Accounting Manager jobs:
  • Preformed special projects for senior management including business expansion and contraction decisions, M&A activity, and product rationalization.
  • Cost accounting, job costing, preparing production parts estimates, payroll tax reconciliation, bank reconciliation, special projects.
  • Headed up the special cost save team for headquarters facilities and assigned to all special projects for manufacturing finance.
  • Provided support to management for special projects such as performance reports restatement and make vs. buy team analysis.
  • Managed cost accounting activities, month-end closing/reporting, budgeting, forecasting and special projects.
  • Lead special projects/requests as assigned by the Director of Financial Planning and/or CFO.
  • Guided special projects which included new product and six sigma teams.
  • Assist Controller and Accounting Manager with special projects when necessary.
  • Assisted CFO and VP with special projects.
  • Core team member for special projects like Life Khaki business case, Logility software implementation.

Show More

32. Monthly Cost

low Demand
Here's how Monthly Cost is used in Cost Accounting Manager jobs:
  • Developed new monthly cost and gross margin review schedules, rolling financial forecast presentation and subcontract manufacturing inventory reconciliation package.
  • Reported to Vice President of Finance, managed monthly cost analysis and activity for two manufacturing divisions.
  • Conduct monthly cost review meetings and provide report to assist management decision-making.
  • Prepared monthly cost accounting reports, including variance and inventory analysis.
  • Presented monthly cost reviews to executive management and client management.
  • Managed Cost Accounting function at Albany facility, which included daily, weekly, and monthly cost and variance reporting.
  • Review of daily, weekly, and monthly cost information and prepare reports as needed.
  • Prepared monthly cost statements, reports, weekly, monthly, quarterly, and annually.
  • Closed and prepared monthly cost and related P&L for four operating facilities.
  • Streamlined the monthly Cost Accounting close process from 7 days to under 4 days.
  • Prepare detailed monthly cost analysis by product family for three manufacturing plants for Sr.
  • Analyze monthly Cost of Sales report by plant and identifies monthly cost drivers.
  • Reviewed, analyzed and summarized weekly & monthly costing & general ledger balances.
  • Improved weekly and monthly cost reporting package to better inform management of trends.
  • Prepared and issued monthly cost reports to upper management.
  • Determine their monthly cost for fiscal year 2011.
  • Provided monthly cost reports for management.
  • Generate monthly cost reports to support budget and design decisions.
  • Accrued/reversed over 300 temporary onsite/offsite monthly costs, compares actual costs to estimates and analyzes variances.

Show More

33. PPV

low Demand
Here's how PPV is used in Cost Accounting Manager jobs:
  • Prepared monthly and year-end inventory reconciliations and PPV analysis.
  • Tabulated PPV quarterly analysis and capitalization review.
  • Managed month-end closing process for 21 domestic and international manufacturing facilities, including Transportation, Fleet, PPV and Misc.
  • Involved with Sourcing Group to develop Annual Plan for PPV broken down between volume and price.
  • Eliminated over 70% of factory PPV issues through system analysis and variance reporting databases.
  • Manage the monthly analysis of variances which include PPV, MUV, substitution and labor.
  • Analyzed variance, scrap, yield, PPV, and inventory excess and obsolete.
  • Established reporting for earned labor hours and efficiency, PPV, and obsolescence.
  • Set the Budget/Forecast for all standard costs, freight expenses, PPV.
  • Reviewed and recorded PPV and MUV and prepared periodic annual projections.
  • Worked with purchasing department to resolve PPV issues and recommended improvements.
  • Analyze and report on PPV monthly by area, e.g.
  • Create and Analyze monthly variance reporting - MUV, PPV.
  • Analyzed PPV and labor variances on a weekly basis.
  • Created a forward looking process to identify significant Future PPVs.

Show More

34. Inventory Management

low Demand
Here's how Inventory Management is used in Cost Accounting Manager jobs:
  • Developed new bills of material, standard costing system, product profitability reporting, and inventory management.
  • Conducted inventory management reconciliations and manufacturing audits to maintain operational integrity and minimize theft/unexplained losses.
  • Developed and maintained costing system and inventory management and assisted with financial reporting.
  • Documented instructional SOP's for entire inventory management and manufacturing process control.
  • Established an inventory management and tracking program to improve accuracy.
  • Develop an Inventory Management System for items on consignment.
  • Process is currently being used worldwide for inventory management.
  • Utilized consultants to implement a SAP based obsolete inventory management system and warranty claim system custom written for DBT.
  • Led Inventory Management Team in an aggressive plan to reduce inventory and inventory purchases.
  • Reduced accounting costs by 25% and greatly enhanced procurement and inventory management.
  • Assisted in the design and implementation of a new inventory management system.
  • Designed, tested, and implemented a new Cost/Inventory Management System.
  • Managed US cost accounting function and lead inventory management team.
  • Implemented the standard cost basis for inventory management.
  • Inventory Management - Monitored monthly inventory levels, lead physical inventories Reviewed monthly manufacturing cost center expense reports.
  • Inventory Management, Cost Accounting, Intercompany AR/AP Management, Team Management

Show More

35. WIP

low Demand
Here's how WIP is used in Cost Accounting Manager jobs:
  • Reconciled WIP, inventory, inventory reserve, orders backlog, accounts payable, and vouchers payable.
  • Developed program to value $3 Million of WIP inventory at the order level.
  • Performed WIP analysis, monitoring COGS accounts, and standard cost maintenance.
  • Maintained the Raw Materials inventory of Fabric, Trim and WIP.
  • Participate in scrap decisions and disposal / inventory & cost against WIP
  • Calculated and monitored standard cost component rates to evaluate WIP variances.
  • Maintained Raw, WIP, and Finished Goods inventories.
  • Analyzed inventory, WIP, material and labor variances.
  • Review and reconcile WIP balances.
  • Set up weekly WIP reconciliations.
  • Maintained Inventory Accounts, G/ L Variance Accounts, and WIP Accounts.

Show More

36. Business Units

low Demand
Here's how Business Units is used in Cost Accounting Manager jobs:
  • Developed Sarbanes-Oxley prototype of controls and documentation procedures for Verizon company-wide use across all control processes and Verizon business units.
  • Prepare both consolidated and individual income statements for various business units for the purpose of corporate level reporting.
  • Provided operations and sales financial information for there business units.
  • Established best practice methods to measure resource consumption and financial impact for several key business units.
  • Coordinate the cost accounting functions and activities of three Business Units.
  • Key Accomplishments: Ensured effective operations through clearly communicating financial information to Business Units and Supply Chain Finance.
  • Negotiated contracts for services supplied by Nortel to partners that acquired its business units to recover costs.
  • Implemented SAP financial system and developed reporting to provide accurate and timely manufacturing data to all of the business units.
  • Developed pro-forma financials and analysis regarding cost and revenue shift impacts for business units and service lines.

Show More

37. Annual Sales

low Demand
Here's how Annual Sales is used in Cost Accounting Manager jobs:
  • Established an entire accounting structure for a foreign company ($250 million annual sales) with six foreign subsidiaries.
  • Prepared annual sales and operations budget, including the calculation of all company labor and overhead rates.
  • Manage financial and accounting functions for roofing contractor generating annual sales in excess of $20.5 million.
  • Coordinated accounting for six plants with annual sales of up to $300M.
  • Monitored sales and CAF daily for $182M in annual Sales.
  • Interact with store general manager and other department managers to create and maintain store annual sales and expense budgetary process.

Show More

38. R

low Demand
Here's how R is used in Cost Accounting Manager jobs:
  • Developed the slow moving/obsolete methodology for $250M+ inventory to establish reserve requirement and implemented policy and procedure for same.
  • Directed Manufacturing projects including accounting controls, compliance and financial analysis and development of best practice processes and procedures.
  • Organized and conducted monthly inventory statistical audits and yearly physical inventories and reconcile the accounts to the general ledger.
  • Provided financial management of inventories for multiple facilities to include book-to-physical account reconciliations, inventory projections and reduction plans.
  • Supported the annual operating plan and five-year projection through coordination, reconciliation and consolidation of lower level projects.
  • Provided support for cost proposal pricing, Contract/Subcontract negotiations and company, customer and governmental reviews and audits.
  • Communicated across business departments to ensure proper analysis of reserves and standard costs including year-end cost roll.
  • Finance support to Market Strategy and Planning organization, including product pricing and merchandising activity analysis.
  • Developed and supplied supporting accounting reports, contributing to goals of completing accurate monthly operating standards.
  • Created technical documentation and training manual and providing end user and management training on system functionality.
  • Perform baseline analysis in order to determine allocations of division back to facilities.
  • Establish product standard cost templates and ensure accuracy and relevancy of information provided.
  • Provided on-line bill of material cost data for calculating product pricing and profitability.
  • Provided month-end closing and inventory management with an emphasis on cost accounting activities.
  • Assisted subcontracts with definition of required subcontractor content and evaluation of subsequent bids.
  • Supervised preparation of bi-annual operational budgets for the factory and provided performance analysis.
  • Cut manufacturing's inventory tracking costs by consolidating and eliminating nonessential accounts.
  • Collaborated with Human Resources management to determine and implement plant staffing levels.
  • Provided standard costing analysis, roll forwards and analysis of manufacturing variances.
  • Perform monthly bank reconciliations for operating and payroll accounts to ensure accuracy.

Show More

39. Budget Process

low Demand
Here's how Budget Process is used in Cost Accounting Manager jobs:
  • Oversee and organize overall budget process for Manufacturing Operations.
  • Managed new budget process to timely completion and met tight client deadlines during a period of rapid change.
  • Manage $8M-$10M annual manufacturing budget; coordinate distribution and manufacturing budget process.
  • Facilitated Annual Operating Plan budget process to ensure that the plan aligned with corporate goals.
  • Perform cost of goods modeling in support of budget process and product profit analysis.
  • Developed solution to centralize cosmetics R&D budget processes, eliminating 1 role.
  • Simplified budget process by upgrade of program to Excel/linkage of programs for immediate updates.
  • Developed operations planning and budget processes with cost, financial analyses and forecast.
  • Coordinated the annual standards review and budget process for all business operations.
  • Assist controller with monthly closings, budget process and year end audit.
  • Implemented a Budget process and methodology when none existed.
  • Designed and implemented a corporate budget process and program.
  • Earned award for outstanding oversight of 2013 budget process.

Show More

40. Close Process

low Demand
Here's how Close Process is used in Cost Accounting Manager jobs:
  • Prepared and reviewed monthly divisional financial data and coordinated close process.
  • Managed monthly close process ensuring timeliness and accuracy of information.
  • Streamlined month-end close processes and optimized journal-entry preparation.
  • Utilized Six Sigma DMAIC Methodology to model departmental processes in order to streamline monthly close process
  • Streamlined month end close process from ten to five days, 100% reduction.
  • Review journal entries and account reconciliations from accounting team and manage month end close process
  • Prepared month end close process and financial reporting for Wireless Products business area.
  • Streamlined monthly close process to allow for 25% reduction in total cycle.
  • Perform all cost accounting functions and month-end close processes and journal entries.
  • Complete monthly, quarterly and year close process at the plant level.
  • Participated in the monthly close process, quarterly and yearly audits.
  • Reduced close process from eight days to two days.
  • Managed monthly, quarterly and year-end financial close process.
  • Reduced monthly close process manpower requirements by 50%.
  • Completed monthly accounting close processes and reporting functions.
  • Involved in the improvement of month-end close processes.
  • Led initiative to go paperless by digitizing financial system reports improving speed and accuracy of monthend close process.

Show More

41. Process Improvement

low Demand
Here's how Process Improvement is used in Cost Accounting Manager jobs:
  • Collaborated with industrial and manufacturing engineering in all cost development related to VA/VE, concurrent engineering, and process improvement activities.
  • Calculated internal rate of return on multiple projects and provided make/buy analysis, machinery selection, and process improvements.
  • Expanded financial and production models have provided feedback mechanisms for business process improvements and expedited best practices opportunities.
  • Initiated Process Improvements resulting in significant savings in cost and manpower while improving delivery and management decision aids.
  • Re-aligned responsibilities in production and lab and renewed emphasis on process improvements and sales margin management.
  • Recommend and implement operational/process improvements utilizing cost data, team facilitation, and six sigma methods.
  • Lead discussions on system enhancements, process improvement and documentation, and data integrity review.
  • Observed various manufacturing product variances leading to both process improvements and cost reduction.
  • Led process improvement projects in manufacturing and accounting.
  • Lead efforts for improving and documenting process improvements.
  • Identify any process improvements and efficiency issues.
  • Created and documented several process improvements related to month end activities, cost roll-ups, & physical inventory.
  • Acted as the primary liaison and financial subject matter expert to the Lean Process Improvement Team.
  • Developed Labor Efficiency reporting to be able to show benefits of process improvements on manufacturing floor.
  • Partner with VP Operations on implementing process improvements streamlining data between Operations' and Finance.
  • Championed process improvements for cost readiness, resulting in eliminated man hours and improved metrics.
  • Provided guidance to sister company in Germany to start rolling standards and process improvements.
  • Assist with preparation of cost projections, budgets, forecast and process improvement.
  • Selected by CFO to Lead BPIT (Business Process Improvement Team).
  • Supported COO with cost saving initiatives and process improvements.

Show More

42. Obsolete Inventory

low Demand
Here's how Obsolete Inventory is used in Cost Accounting Manager jobs:
  • Performed quarterly review with Corporate Controller to ensure reserves were appropriate for excess and obsolete inventory.
  • Tracked and analyzed consignment inventory, obsolete inventory, and inventory depreciation.
  • Prepare analysis of excess and obsolete inventory, seeking opportunities and resolution.
  • Developed a process to evaluate and book a provision for excess/obsolete inventory
  • Created policy and procedures to manage excess and obsolete inventory reserves.
  • Decreased excess/obsolete inventory levels 10% through constant monitoring.
  • Analyze potential excess and obsolete inventory items.
  • Reduced excess and obsolete inventory by 40% by building exception reporting and collaborating with sales to cultivate new sales channels.
  • Decreased slow moving/obsolete inventory by over $5Mil through monthly review and follow up with disposal / corrective action plans.
  • Developed a review process for excess and obsolete inventory including engineering, supply chain, manufacturing, and finance inputs.
  • Complete monthly journal entries for work in process, freight, and excess and obsolete inventory adjustments.
  • Work closely with supply chain managers to establish and maintain excess and obsolete inventory reserves.
  • Analyze reserve levels for excess and obsolete inventory on a monthly and quarterly basis.
  • Generated over $250,000 in revenue from sales of obsolete inventory.
  • Work with the materials review board to dispose of obsolete inventory.
  • Reduced excess and obsolete inventory by two million dollars.
  • Track and evaluate excess and obsolete inventory.

Show More

43. Cost Standards

low Demand
Here's how Cost Standards is used in Cost Accounting Manager jobs:
  • Collaborated with Engineering and Production Departments to ensure accuracy of cost standards.
  • Worked very closely with the New York sales office in developing cost standards for new products.
  • Maintained assemblies and product lines that guaranteed full compliance with accurate cost standards.
  • Coordinated the setting of 2007 Cost Standards for all Baker manufacturing facilities.
  • Prepared manufacturing cost standards for professional health and beauty aid products.
  • Maintained and monitored shop floor cost standards on employee utilization.
  • Established and maintained cost standards for all items.
  • Set cost standards, booked, reaserach and resolved variances.

Show More

44. As400

low Demand
Here's how As400 is used in Cost Accounting Manager jobs:
  • Reviewed purchase orders and decided how they would be transferred from AS400 to SAP with full support from team.
  • Administered installation of LAN System and conversion to AS400 using BPCS software.
  • Implemented Computer Associates PRMS business information system supported by an IBM AS400.
  • Established and maintained product standards in SAP and AS400.
  • Created AS400 queries to produce Standard Material Usage report.
  • Participated in system conversion from AS400 to Oracle.
  • Assisted in upgrading the cost report in AS400.
  • Directed system conversion to AS400 and CAD/CAM.
  • Maintain AS400 system on all specifications.
  • Assist in BPCS (AS400) implementation - changing from COPICS system.

Show More

45. Monthly Basis

low Demand
Here's how Monthly Basis is used in Cost Accounting Manager jobs:
  • Restored accuracy to balance sheet accounts, performing first reconciliation in at least 6 years and maintaining accounts on monthly basis.
  • Reported KPI's on a daily, weekly, and monthly basis to the leadership team.
  • Managed all company cost reporting on a daily, weekly and monthly basis.
  • Provide key inventory metrics on a monthly basis to DPAD managers.
  • Established and maintained current and market costs on a monthly basis.
  • Track and analyze reimbursement of large payers on monthly basis.
  • Performed variance analysis on a daily and monthly basis.
  • Calculated COGS inventory on a monthly basis.
  • Load cost pools and services centers in Costpoint financial system and track on a monthly basis.
  • Report efficacy of KPIs and Metrics on daily, weekly and monthly basis.

Show More

46. Inventory Accuracy

low Demand
Here's how Inventory Accuracy is used in Cost Accounting Manager jobs:
  • Project leader to improve manufacturing reporting in machining area for improved inventory accuracy, material usage variance and scrap costs.
  • Improved inventory accuracy from 3-day old information to real-time.
  • Cost saving were tied to the inventory accuracy along with the ability to see real time inventory.
  • Established cycle counts procedures and achieved 96% inventory accuracy over 3 years.
  • Established metrics for measuring inventory accuracy, turn rates, and excess/obsolete reserves.
  • Improved inventory accuracy from roughly 65% to well over 90%.
  • Refined cycle counting process resulting in increased inventory accuracy, elimination of annual physical inventory requirement, and improved production workflow.

Show More

47. KPI

low Demand
Here's how KPI is used in Cost Accounting Manager jobs:
  • Prepare financial information for KPI reporting for business continuous improvement.
  • Have specific KPI's and budgets that must be met to ensure our location is meeting profitability requirements.
  • Developed and implemented new monthly reporting and KPI review process used in published reports to Senior Management.
  • Develop and monitor KPI's for the manufacturing facilities with the help of the Director of Operations.
  • Perform monthly and weekly journal entries and reporting of KPI's for assigned sites.
  • Analyzed yield and inventory adjustments, including quality and aging in monthly KPI presentations.
  • Developed manufacturing reporting tools and KPI's for Senior Management.
  • Published monthly reports related to cash cost KPI and Inventories.
  • Prepared monthly Plant External KPI reporting for all Production Costs.
  • Developed KPI's, monthly executive review and forecast models.
  • Established, created and maintained manufacturing KPI's.
  • Developed performance KPI's across all locations.
  • Prepared monthly and quarterly KPI reports.
  • Set up warehouse for spares to be expensed as pulled (eliminated stockpiling of parts by technicians).
  • Established first KPIs for monitoring project performance.
  • Tracked actuals throughout the month vs. forecast for key KPIs.

Show More

48. Management Reports

low Demand
Here's how Management Reports is used in Cost Accounting Manager jobs:
  • Performed month-end closing activities by consolidating 60+ international business entities and provided senior management reports and analysis on the results.
  • Developed and published management reports for inventory, labor, overhead, and manufacturing variances.
  • Defined the functional requirements for Management Reports.
  • Prepare selected monthly management reports as required.
  • Provide various balance sheet and expense account reconciliations as well as monthly Gross Margin analysis and other management reports.
  • Prepare management reports of COGM, price and quantity variance reports/analysis, and financial analyses of operational results.
  • Prepare management reports for gross margin and inventories, reconcile inventories and cost of goods sold.
  • Prepare various management reports including backlog, bookings, and other reports as needed.
  • Reviewed internal management reports, account reconciliations, payroll accruals and journal entries.
  • Produce and analyse weekly and monthly management reports related to process costing and P&L.

Show More

49. ROI

low Demand
Here's how ROI is used in Cost Accounting Manager jobs:
  • Prepared capital expenditure ROI analysis.
  • Analyzed ROI and made recommendations on capital project requests at various investment levels for proper decision making on capital investments.
  • Developed and maintained 5-10 Year Capital Strategic Outlooks - including ROI analysis and capital tracking for current projects.
  • Performed analyses for contract pricing, operational variances, profit projections, and ROI decisions.
  • Coordinated capital project requests and authorizations to include ROI, payback and post audit reviews.
  • Developed Integrated ROI model to evaluate new and existing customer pricing contracts.
  • Cost analysis; inclusive of ROI, payback and EVA.
  • Calculate process improvements ROI and comparisons to the actual ROI.
  • Calculated ROI and NPV on new projects for justification.

Show More

50. Capital Expenditures

low Demand
Here's how Capital Expenditures is used in Cost Accounting Manager jobs:
  • Coordinated break-even analysis and return-on-investment calculations for capital expenditures.
  • Monitored and reported on spending, commitments and schedules of $5MM capital expenditures annually and post-expenditure accountability.
  • Managed tracking of plant capital expenditures and coordinated closeout notices through corporate finance division.
  • Developed audit process for cost savings capital expenditures to determine fulfillment of capital investments.
  • Introduced new return on investment calculator for efficient purchase of new capital expenditures.
  • Administered Fixed Assets including Capital Expenditures and prepared the monthly Manufacturing Statement.
  • Insured proper sales and use taxes were paid on all capital expenditures and processed sales and use tax refund requests.
  • Worked with short and long term planning for capital expenditures relating to future and current production.
  • Evaluated and tracked capital expenditures and lean manufacturing (cost savings) Projects.
  • Complete accruals for freight, accounts payable and capital expenditures.
  • Maintained Fixed Assets & Capital Expenditures.
  • Improved cash flows by controlling excess inventory balance and un-necessary capital expenditures.
  • Reported monthly on Top Customers, Fixed Cost Analysis, Intercompany Sales, Headcount, Capital Expenditures, and Quality Reports.

Show More

20 Most Common Skill for a Cost Accounting Manager

Financial Statements21.9%
General Ledger Accounts10.2%
Variance Analysis9.8%
Annual Physical Inventory8.9%
External Auditors5.8%
Inventory Control4.4%
ERP4%
New Product Development3.7%

Typical Skill-Sets Required For A Cost Accounting Manager

RankSkillPercentage of ResumesPercentage
1
1
Financial Statements
Financial Statements
16.7%
16.7%
2
2
General Ledger Accounts
General Ledger Accounts
7.8%
7.8%
3
3
Variance Analysis
Variance Analysis
7.5%
7.5%
4
4
Annual Physical Inventory
Annual Physical Inventory
6.8%
6.8%
5
5
External Auditors
External Auditors
4.4%
4.4%
6
6
Inventory Control
Inventory Control
3.3%
3.3%
7
7
ERP
ERP
3%
3%
8
8
New Product Development
New Product Development
2.8%
2.8%
9
9
Product Cost
Product Cost
2.7%
2.7%
10
10
Journal Entries
Journal Entries
2.6%
2.6%
11
11
Cost System
Cost System
2.5%
2.5%
12
12
Annual Budget
Annual Budget
2.3%
2.3%
13
13
Raw Materials
Raw Materials
2.2%
2.2%
14
14
Cost Analysis
Cost Analysis
1.9%
1.9%
15
15
A/P
A/P
1.9%
1.9%
16
16
Balance Sheet
Balance Sheet
1.7%
1.7%
17
17
Cost Savings
Cost Savings
1.6%
1.6%
18
18
SOX
SOX
1.5%
1.5%
19
19
BOM
BOM
1.5%
1.5%
20
20
Overhead Rates
Overhead Rates
1.4%
1.4%
21
21
Inventory Valuation
Inventory Valuation
1.4%
1.4%
22
22
Cost Accountants
Cost Accountants
1.1%
1.1%
23
23
Sarbanes-Oxley
Sarbanes-Oxley
1.1%
1.1%
24
24
MRP
MRP
1.1%
1.1%
25
25
Internal Controls
Internal Controls
1.1%
1.1%
26
26
Goods Sold
Goods Sold
1%
1%
27
27
Gaap
Gaap
1%
1%
28
28
Cycle Counts
Cycle Counts
0.9%
0.9%
29
29
Direct Labor
Direct Labor
0.9%
0.9%
30
30
Direct Reports
Direct Reports
0.9%
0.9%
31
31
Special Projects
Special Projects
0.9%
0.9%
32
32
Monthly Cost
Monthly Cost
0.8%
0.8%
33
33
PPV
PPV
0.8%
0.8%
34
34
Inventory Management
Inventory Management
0.8%
0.8%
35
35
WIP
WIP
0.8%
0.8%
36
36
Business Units
Business Units
0.7%
0.7%
37
37
Annual Sales
Annual Sales
0.7%
0.7%
38
38
R
R
0.7%
0.7%
39
39
Budget Process
Budget Process
0.7%
0.7%
40
40
Close Process
Close Process
0.7%
0.7%
41
41
Process Improvement
Process Improvement
0.7%
0.7%
42
42
Obsolete Inventory
Obsolete Inventory
0.7%
0.7%
43
43
Cost Standards
Cost Standards
0.6%
0.6%
44
44
As400
As400
0.6%
0.6%
45
45
Monthly Basis
Monthly Basis
0.6%
0.6%
46
46
Inventory Accuracy
Inventory Accuracy
0.6%
0.6%
47
47
KPI
KPI
0.6%
0.6%
48
48
Management Reports
Management Reports
0.5%
0.5%
49
49
ROI
ROI
0.5%
0.5%
50
50
Capital Expenditures
Capital Expenditures
0.5%
0.5%

17,086 Cost Accounting Manager Jobs

Where do you want to work?