The Cost Accountant Supervisor plays a pivotal role in overseeing and managing the cost accounting functions within the organization. This position is responsible for leading a team of cost accountants to ensure accurate and timely cost analysis, financial reporting, and budgeting processes. The Cost Accountant Supervisor collaborates with cross-functional teams to analyze cost data, identify cost-saving opportunities, and drive operational efficiency. Additionally, this role involves developing and implementing cost accounting policies, procedures, and controls to support strategic decision-making and financial planning. The Cost Accountant Supervisor serves as a key resource for senior management in providing insights and recommendations to optimize cost structures and enhance profitability.

Essential Functions:
-Perform month end close activities related to Cost Accounting
- Journal entries, variance analysis, reconciliations, calculating metrics, and ad hoc reporting.
-Support of cost accounting activities include managing inventory across multiple warehouses, managing standard costing and the PPV/Revaluation processes including development and recommendation of process changes to support a scaling/standardized organization.
-Analyze costs of raw materials and other supplies and create cost-benefit analyses for changing vendors.
-Analyze changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.
-Analyze actual production costs and prepares periodic reports comparing standard costs to actual production costs.
-Reconcile perpetual inventory to GL
- Ensure that inventory counts are taking place and are accurate; investigate in conjunction with Operation’s group any variances that appear.
-Conduct inventory reserve analysis on a monthly basis and generate reports for the supply chain team. Maintain E&O and aging reports and assist in developing inventory management process recommendations.
-Establish standard costs and update them as appropriate
- Set up new raw material, packaging, WIP, and FG items; create and maintain production BOMs; labor models; maintain periodic cost rolls/updates.
-Maintain and improve processes and controls associated with manufacturing costs and inventory valuation.
-Ensure validity and accuracy of MRP through analysis and coordination with inventory control, production and job order processing.
-Represent Finance/Accounting on teams designed to improve operations, reduce costs, etc.
-Demonstrated financial acumen and/or analytical experience delivering forecasting, budgeting, and variance analysis, and data interpretation of results.
-Ad hoc analyses and projects, as needed.
-Proactively monitor critical trend reports and manage Key Performance Indicators (KPI’s) On-time In Full delivery, manufacturing variances, continuous improvement initiatives and purchase price variances. Perform root cause analysis utilizing existing data, formalizing continuous improvement through creation and rollout of SOPs.
-Provide reporting such as product costing for new programs impact analysis, root cause analysis, and performance reporting to support recommendations.
- Practice and abide by all Good Manufacturing Practices (GMPs) and Standard Operating Procedures (SOPs)