Cost Accounting Supervisor
Reports To: Controller
Department: Finance / Accounting
FLSA Status: Exempt
Location: Corporate Office
Position Summary
The Cost Accounting Supervisor is responsible for overseeing the accuracy and integrity of all inventory-related accounting transactions. This position indirectly supervises and partners with supply chain to maintain accurate inventory records, ensures timely recording of inventory movements, and supports month-end close activities. The role is instrumental in strengthening internal controls, improving transaction processes, and supporting financial reporting in accordance with GAAP.
Benefits include:
- Medical, Prescription Drug, and Vision Program -on DAY ONE
- Dental - on DAY ONE
- A generous PTO program -112 hours in your first year!
- Paid Parental Leave
- Gym Reimbursement Program and Company Paid Wellness Coach
- Online Virtual Care
- Company Paid Life Insurance for Employee, Spouse, Children
- Company Paid Long and Short-Term Disability
- Company Paid Employee Assistance Program
- Flexible Spending Account
- Education/Tuition Reimbursement Program - to supplement your current skillset or advance to a higher position.
- 401(K) - Company Match 100% up to 4%
- Bereavement Leave
- Volunteer Time Off Program
- Holiday Pay
- Employee Water Program - Free Water
- Referral Bonus
- Daily Pay
- FREE physical therapy on site!
- FREE access to near-site health care clinic (employees only)!
Essential Responsibilities
Inventory Transaction Oversight
- Supervises daily processing and review of inventory transactions including receipts, transfers, adjustments, production completions, and shipments.
- Ensure inventory transactions are accurately recorded within the ERP system.
- Monitors inventory movement activity and investigates unusual transactions or variances.
- Maintains integrity of inventory subledgers and related general ledger accounts.
Financial Reporting & Reconciliations
- Lead month-end and year-end inventory close activities.
- Review and approve inventory-related journal entries and account reconciliations.
- Analyze inventory reserves, obsolescence, shrinkage, and adjustments.
- Support internal or external audit requests and inventory testing procedures.
Inventory Controls & Compliance
- Develop, implement, and maintain strong internal controls over inventory transactions.
- Coordinate cycle count programs and physical inventories.
- Review count results and ensure timely resolution of discrepancies.
- Ensure compliance with GAAP, company policies, and audit requirements.
Variance Analysis
- Reviews inventory adjustment activity and identify root causes of discrepancies.
- Analyze manufacturing, warehouse, and transaction variances.
- Prepare management reports highlighting inventory trends, risks, and opportunities.
- Recommend corrective actions to improve inventory accuracy and transaction processing.
Process Improvement
- Drive continuous improvement initiatives related to inventory accounting and transaction processing.
- Collaborate with operations, purchasing, production, and IT teams to improve business processes.
- Assist with ERP enhancements, testing, and implementation of inventory-related system improvements.
Leadership & Team Development
- Supervise, train, and mentor supply chain staff responsible for inventory.
- Develop standard operating procedures and training materials.
- Foster a culture of accountability, accuracy, and continuous improvement.
Qualifications
Education
- Bachelor's degree in Accounting, Finance, or related field required.
- CPA, CMA, or MBA preferred.
Experience
- 5+ years of accounting experience with emphasis on inventory or cost accounting.
- 2+ years of supervisory or leadership experience preferred.
- Manufacturing environment experience strongly preferred.
- Experience with ERP systems (JD Edwards, SAP, Oracle, or similar).
Knowledge & Skills
- Strong working knowledge of GAAP.
- Thorough understanding of inventory accounting principles and controls.
- Advanced Microsoft Excel skills including Pivot Tables, Power Query, and data analysis.
- Strong analytical and problem-solving abilities.
- Ability to communicate effectively with accounting and operations personnel.
- Demonstrated leadership and project management skills.
Key Performance Indicators (KPIs)
- Inventory accuracy percentage.
- Cycle count completion and variance resolution.
- Timeliness of month-end close.
- Inventory adjustment trends.
- Reconciliation completion and audit results.
Physical Requirements
- Primarily office-based work environment.
- Occasional visits to manufacturing and warehouse facilities.
- Ability to sit, stand, walk, and lift up to 25 pounds occasionally.