Cost Accounting Manager

Cost Accounting Manager

FECON, LLC is a vegetation management equipment manufacturer located in Lebanon, Ohio near Kings Island Amusement Park. FECON is known for having very high-quality products and a team culture and we are growing! We design, build, test, sell and service our equipment consisting of products such as our well-known "Bull Hog" mulchers, the Stump Ex, our high-quality FTX tractors of varying horsepower, as well as many other attachments. We offer competitive wages, full health care benefits and a continuous learning culture for those who want to grow with the company.

Job Summary

The Cost Accounting Manager will perform advanced product cost analysis, prepare margin and variance reporting, and assess product costing methodologies and processes to support Operations, Finance, and Executive leadership efforts to improve the profitability of the business.

Job Duties/Responsibilities

• Calculate and analyze all product costs, including direct materials, direct labor, fixed and variable overhead. Ensure reported cost of goods sold and inventory values are accurate. Develop and implement plans to address inaccuracies or errors.
• Develop the system, methodology, and procedures to improve accuracy of product costs to enable better pricing and investment decision-making by commercial and financial personnel. Work with operators, supervisors, and Operations leadership to implement any process changes required to improve accuracy of product costs.
• Analyze all manufacturing costs, identify savings opportunities, and work directly with Operations leadership and personnel to realize the savings.
• Evaluate and assign labor, variable, and fixed overhead rates to products. Ensure costs are accurately assigned to the product, recorded in the general ledger, and reflected in the product cost. Develop ongoing reporting to quickly identify errors.
• Develop models to accurately forecast and plan product costs and operations expenses. Support commercial and operation leadership budget and forecast processes.
• Compile monthly product cost information, maintain a historical database, and develop reporting to track cost changes.
• Review, analyze and report on company gross margins. Complete price, volume, mix, and cost (PVMC) analysis to explain variances to budgets, forecasts and prior periods.
• Work with Operations leadership to determine, recommend, and implement cost-effective solutions to operational issues and challenges.
• Support cost control efforts and develop reporting to track actualization of anticipated savings.
• Evaluate inventory levels, order rates, and backlog to support decisions on production planning, material purchasing, direct and indirect labor hiring, and discretionary spending.
• Assess inventory for excess and obsolescence. Develop accounting reserve methodology compliant with GAAP.
• Prepare any necessary departmental and company-wide reporting.
• Perform month-end and year-end closing activities as directed. Reconcile monthly perpetual inventory to general ledger and investigate and correct discrepancies in a timely manner.
• Work with Operations team to develop cycle counting and physical inventory procedures and execution plans. Evaluate and report cycle count and physical inventory results.
• Provide project and product sample costs for other functional areas (i.e. Engineering, Sales, Operations).
• Perform other related duties as assigned.

Required Skills/Abilities

• Excellent verbal and written communication skills.
• Proficient in the Microsoft Office Suite products, particularly Excel, and with accounting software.
• Deep understanding of accounting procedures and Generally Accepted Accounting Principles (GAAP).
• Excellent analytical and organizational skills, with close attention to detail.
• Self-driven, able to work independently, and comfortable leading through change.
• Capable of working effectively with all levels of the company, from machine operators to the CEO.
• Ability to manage confidential information.

Education and Experience

• Bachelor's degree in Accounting or Business Administration required.
• At least ten years of cost accounting experience in a manufacturing environment is required.
• Hands-on experience with standard costing, average costing, and activity-based costing required.
• ERP experience required. Syteline ERP experience a plus

Physical Requirements

• Prolonged periods sitting at a desk and working on a computer.
• Ability to talk and hear to enable effective communication.