Cost Accounting Manager

4 weeks ago

Smyrna, Tennessee, United States Ideal Tridon Full time
Job Description

We are Ideal Tridon, a global leader in worm gear, t-bolt, band, strut, specialty clamps, hose supports, conduit, fastening solutions, fittings, and couplings. Our products meet the highest standards demanded by global customers. A commitment to service and dedication to quality drive us each day.

Key Responsibilities
  • Manage and optimize cost-related activities for Ideal North America.
  • Oversee and coordinate cost accounting processes, analyze cost trends, and implement cost-saving initiatives to enhance profitability and efficiency.
  • Collaborate with cross-functional teams to drive consistency, accuracy, and alignment in cost management practices for all Ideal North America locations.
Responsibilities and Authorities
  • Costing oversight for Ideal North America including Mexico Operations.
  • Develop and implement cost accounting policies, procedures, and controls to ensure consistency and accuracy in cost reporting.
  • Analyze cost data and trends to identify opportunities for cost reduction, process improvement, and efficiency enhancement.
  • Collaborate to standardize cost allocation methodologies and reporting formats.
  • Lead the annual standard cost setting process, working closely with operations, procurement, and finance teams to ensure accuracy and completeness of cost inputs.
  • Collaborate with plant managers to develop and monitor key performance indicators (KPIs) to track operational and financial performance.
  • Provide guidance and support on cost accounting matters, including inventory valuation, cost variances analysis, and cost center management.
  • Monitor and analyze manufacturing variances and overhead absorption rates, identifying root causes and recommending corrective actions as needed.
  • Owns Fixed Asset management for all Ideal North America locations and prepares depreciation schedules accordingly.
  • Partner with operations and supply chain teams to optimize production processes, streamline workflows, and reduce manufacturing costs.
  • Prepare cost-related reports and analysis to senior management, highlighting key insights and recommendations for cost optimization.
  • Stay abreast of industry trends, regulatory changes, and best practices in cost accounting and manufacturing cost management and incorporate relevant insights into Ideal's cost management strategies.
Essential Functions
  • Provides development, standardization, and documentation of cost processes and reporting for Ideal North America.
  • Performs financial and operational analysis as needed.
  • Tracking, trending, modeling, variance analysis for Ideal North America business.
  • Identifies and drives lean initiatives/cost saving programs for Ideal North America.
  • Process documentation, risk identification, audit, SOX.
  • Oversight Fixed Assets Management for Ideal North America.
  • Implementation of new financial systems and reports.
  • Coaches and/or mentors Sr. Cost Accountant.
  • Coordinates with other divisional finance teams on intercompany costing initiatives.
  • Coordinates with other divisional finance teams on adherence to transfer pricing policies.
Requirements
  • Requires a bachelor's degree.
  • Four to seven years cost and financial accounting, forecasting, and analysis.
  • MBA, CPA, or CMA preferred.
  • Strong understanding of cost accounting principles, including standard costing, variance analysis, and inventory valuation methods.
  • Standard cost accounting, bill of materials, cost, and inventory reporting.
  • Strong project management abilities, with a track record of successfully leading cost optimization initiatives and process improvement projects.
  • At least 5 years' experience in a supervisory or manager role.
  • Strong communication and interpersonal skills.
  • Excellent organizational skills, with ability to multi-task effectively.
  • Solid analytical and problem-solving skills.
  • Exceptional attention to detail.
  • Work as a team player.
  • Self-motivated and positive attitude.
  • Experience with ERP systems and cost accounting modules, with proficiency in Microsoft Excel and other financial software tools.
Physical Requirements
  • Requires the physical dexterity to utilize computer equipment; and may sit or stand for extended periods of time.
  • Will stand, walk, and occasionally climb stairs and lift light to moderate weight objects (up to 30 pounds) coupled with clearly communicating in English.
  • Maintaining regular attendance and work required overtime sometimes without prior notice.

An Equal Opportunity Employer. We do not discriminate based on race, color, religion, national origin, sex, age, disability, genetic information, or any other status protected by law or regulation. It is our intention that all qualified applicants are given equal opportunity and that selection decisions be based on job-related factors.

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