Our client has recently approved this new position due to the growth of the company.
The Director of Cost and Inventory is responsible for developing and maintaining a cost accounting process and system across an international, multi-location manufacturing network. Reporting to the CAO, the position will set standard costs and manage inventory valuations across company operations, understand monthly variance analyses and cost dynamics, insure appropriate cost accounting controls and policies are in place and followed, direct appropriate costing of the daily sales register and maintain inventory and cycle counts. Roles and responsibilities include:
- Oversee and manage all cost accounting across manufacturing sites, maintaining consistent practices at each site.
- Direct annual activity-based budgeting process to establish standard production costs with labor and material overhead rates.
- Analyze and understand monthly cost variances and recommend appropriate operational actions to address them, adjusting cost forecasts as needed.
- Compare production efficiencies across all international sites to identify operating issues and opportunities.
- Establish and maintain physical inventories and continuous cycle counts.
- Develop procedures to evaluate inventory valuations and maintain reserves for slow-moving and obsolete items.
- Establish and maintain internal control and compliance requirements related to manufacturing cost and inventories.
Minimum Qualifications
- Bachelor’s and/or Master’s degree in accounting with a CMA preferred.
- Minimum 10 years progressive experience in cost accounting in multi-location international manufacturing environments
- Proven ability to work with multiple EPM and financial reporting systems.
- Strong experience in cost accounting principles, establishing cost accounting systems, developing cost pools, setting standard costs and performing complex cost variance analyses.
- Experience managing physical inventory tracking and cycle counts.
- Advanced Microsoft Office skills including Excel, Word and Access/Monarch.
