Cost Accounting Process Manager

SCOPE:We are seeking a highly analytical Senior Cost Accountant to join our finance team. The successful candidate will play a key role in analyzing and managing the company’s costs and ensuring accurate reporting to improve operational efficiency. The Senior Cost Accountant will be responsible for tracking, analyzing, and reporting on production costs, inventory valuations, and budget variances, contributing to financial planning and decision-making processes.PRIMARY RESPONSIBILITIES:Maintain and document agreed upon cost accounting processes to ensure accurate standard costs and COGS in SAP for financial reporting of the global organization.Establish/Design cost accounting methodologies in SAP.Recommend changes to the Company’s processes and policies to reduce costs and maximize profit.Analyze, report and reduce purchase price variances.Maintain and analyze standard cost of existing and newly purchased materials and goods, and compile documentation on standard costs to drive efficiencies.Analyze scrapped goods and work with the organization to reduce scrap.Monitor and analyze gross margin on products sold, recommending opportunities for cost savings.Assist with cost analysis and implementation of standard costs for new products or acquired business development opportunities.Work with business development to strategize for new products and develop proper costing at implementation ensure systems are properly configured for new warehouse locations, products, general ledger assignments and related costing data.Inventory ManagementOversee physical inventory counts and ensure reconciliation with financial recordsMonitor inventory valuations and perform adjustments as necessaryCoordinate with production teams to manage stock levels efficientlyBudgeting & ForecastingAssist in developing budgets for manufacturing and operational costsTrack actual expensese against budget and report variancesCollaborate with department heads to forecast operational needsPrepare ad-hoc reports on COGS and inventory matters as needed.Report and communicate to corporate and others globallyPerform all other duties as assigned