Cost Accounting Manager
CFS
Minneapolis, MN
Position Summary
The Cost Accounting Manager is responsible for overseeing the cost accounting function, ensuring accurate costing, inventory valuation, and financial analysis to support strategic decision‑making. This role leads cost accounting processes, develops cost models, manages standard costing, drives process improvements, and partners closely with operations, finance, and leadership teams to enhance profitability and operational efficiency.
Key Responsibilities
Cost Accounting & Financial Management
- Oversee all cost accounting activities, including standard costing, bill of materials (BOM) accuracy, cost roll‑ups, overhead allocation, and variance analysis.
- Maintain and continuously improve cost accounting systems, processes, and internal controls.
- Ensure accurate inventory valuation across raw materials, WIP, and finished goods.
- Manage month‑end close for cost accounting, including journal entries, reconciliations, and reporting.
Analysis & Reporting
- Prepare detailed cost, margin, and profitability analyses for products, customers, and production lines.
- Provide insight into cost trends, price changes, and margin impacts.
- Analyze manufacturing variances (PPV, labor, overhead, scrap, absorption) and present findings to leadership.
- Develop dashboards and financial models to support forecasting and budgeting.
Cross‑Functional Leadership
- Collaborate with operations, supply chain, procurement, and engineering to ensure cost accuracy and enhance financial performance.
- Partner with production teams to understand and improve operational efficiencies.
- Support new product development through cost modeling and scenario analysis.
Compliance & Process Improvement
- Ensure compliance with GAAP, SOX (if applicable), and company policies.
- Identify opportunities to streamline cost accounting processes and improve data integrity.
- Lead or support internal and external audit activities.
Qualifications
Education & Experience
- Bachelor’s degree in Accounting, Finance, or a related field (CPA or CMA preferred).
- 5–8+ years of progressive cost accounting experience, ideally in manufacturing, distribution, or similar environments.
- Prior leadership or supervisory experience is strongly preferred.
Technical Skills
- Strong knowledge of cost accounting principles, standard costing, and inventory management.
- Proficiency with ERP systems (SAP, Oracle, NetSuite, etc.).
- Advanced Excel and financial modeling skills.
- Experience with data visualization tools is a plus (Power BI, Tableau).
Compensation: $110,000-140,000 + bonus
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MaxSalary: USD140000
MinSalary: USD110000
About the Company
CFS
Founded by CPA firms in 1994, Creative Financial Staffing has spent over 30 years helping job seekers and employers succeed. In fall 2025, we rebranded as CFS—a name that reflects our full range of expertise while staying true to the trusted company you know.
CFS is the industry’s leading employee-owned staffing firm, connecting top talent in accounting, finance, technology, and human resources. We provide skilled professionals on both a temporary and permanent basis across diverse industries, leveraging our extensive network to match the right people with the right opportunities.
Our dedication to excellence extends to our award-winning culture, recognized repeatedly for growth, recruiting, workplace environment, and employee support. Honors include Forbes’ “America’s Best Recruiting and Temporary Staffing Firms,” Staffing Industry Analysts’ top U.S. staffing rankings, FlexJobs’ Top 100 Companies for Remote and Hybrid Work, Top Workplaces USA, Newsweek’s Best Practices awards, and more.