Cost Accounting Manager

Cost Accounting Manager

Position Overview

The Cost Accounting Manager will have overall responsibility for the cost accounting function, including financial reporting for manufacturing, quality, and plasma operations. This role will oversee the development and maintenance of product standard costs, manufacturing cost assumptions, inventory valuation, and related financial reporting processes.

The position will partner closely with Finance, Manufacturing, Quality, and senior leadership to ensure cost accounting processes effectively support operational decision-making, financial reporting requirements, and broader business objectives. The ideal candidate will have strong technical cost accounting expertise, leadership experience, and the ability to translate manufacturing and operational data into meaningful financial insights.

Key Responsibilities

Cost Accounting & Financial Reporting

• Lead the overall cost accounting function, ensuring accounting processes, systems, and internal reporting are accurate, effective, and aligned with business objectives.
• Oversee financial reporting related to manufacturing, quality, and plasma operations.
• Develop, implement, and maintain cost accounting processes, procedures, and reporting programs.
• Ensure cost accounting methodologies and reporting practices are consistently applied across applicable business units.
• Partner with senior leadership to ensure cost accounting and financial reporting effectively support strategic planning and company-wide information needs.
• Evaluate and recommend enhancements to cost accounting processes, systems, reporting, and controls.

Inventory & Month-End Close

• Oversee inventory costing and valuation processes to ensure inventory is accurately stated in accordance with applicable accounting standards and company policies.
• Review monthly inventory reporting and analyze inventory balances, reserves, and related financial activity as part of the month-end close.
• Assess inventory reserve requirements and ensure appropriate adjustments are identified and recorded.
• Coordinate cost accounting activities to ensure consistent and accurate inventory valuation methodologies.
• Partner with the broader Accounting team to support an accurate and timely month-end close.

Standard Costing & Manufacturing Support

• Lead the development and maintenance of standard costs for manufactured products.
• Coordinate with Manufacturing and operational teams to establish annual product standard costs and related manufacturing assumptions.
• Develop and maintain manufacturing capacity and cost assumptions used in financial planning and reporting.
• Analyze manufacturing costs and identify significant variances, trends, and opportunities for improvement.
• Provide financial insight into manufacturing performance, cost drivers, and operational efficiency.

Budgeting & Planning

• Lead the manufacturing budgeting process in partnership with Finance and operational leadership.
• Coordinate with manufacturing personnel to develop annual cost assumptions and establish product standard costs.
• Support forecasting and financial planning activities related to manufacturing operations.
• Evaluate actual results against budget and standard costs, investigate significant variances, and communicate key findings to management.

Leadership & Process Improvement

• Supervise and develop Cost Accounting staff, providing guidance, oversight, and support to ensure high-quality work and effective execution.
• Establish and maintain appropriate cost accounting processes, controls, and reporting standards.
• Identify opportunities to improve the efficiency, accuracy, and effectiveness of cost accounting activities.
• Present recommendations for process, reporting, and system improvements to management and obtain appropriate approval for implementation.
• Collaborate cross-functionally with Finance, Manufacturing, Quality, and other operational teams to strengthen financial processes and support business objectives.