Inventory and Cost Accounting Manager

Who You Are

Do you want to make a big impact in a rapidly growing manufacturing organization? Are you fine with rolling up your sleeves and working closely with the Operations and Accounting team to set up systems and processes to accurately track manufacturing costs? If your answer is yes to both questions, then this might be the role for you.

The Inventory and Cost accounting manager has responsibility for managing COGS, inventory, and Fixed Asset accounting for the business. This leader will help lead the design, development and implementation of new cost accounting processes as we move towards large-scale manufacturing. This includes effectively understanding the drivers of Sila’s direct product costs, including material and labor, as well as indirect costs such as manufacturing overhead. The Inventory and Cost Accounting Manager will provide analytical and accounting expertise to support the efforts of the company to completely account for and transact inventory and fixed assets through the system. They will work with the FP&A team to drive cost efficiency projects to reduce cost and waste across the manufacturing space.

Responsibilities and Duties  

• Maintain the accuracy of the cost accounting, inventory and fixed asset systems and perform monthly reconciliations to the general ledger
• Monitor and analyze operational processes and individual work orders to ensure proper data capture of time, materials and overhead costs
• Manage, review and maintain all standard item costing, including performing periodic cost rolls/updates annually or as needed
• Ensure proper new product setup in ERP system, including product attributes, routing, costing and classification
• Understand and analyze manufacturing start-up costs in relationship to period cost and inventory absorption
• Investigate and provide analysis on all manufacturing variances, including purchase price variance, usage, material and rate variances
• Develop, analyze and interpret data on current processes to support operations for improved material, labor and machine utilization, as well as capturing cost of quality and waste
• Create and interpret cost scenario analyses based on variable volume, input material cost changes, new products, and/or new manufacturing processes
• Assist with overseeing the accuracy of inventory cycle counts and physicals, as well as performing fixed asset audits
• Assist in the maintenance of proper internal controls over slow-moving inventory and support the operations team in analyzing excess and obsolete inventory risk
• Ensure proper capture of capital expenditures, accumulated depreciation, and asset disposals
• Hire and train the best talent for all open positions in area of responsibility. With reports, collaboratively develop goals, coordinate and track progress of plans, allocate roles and responsibilities, and navigate challenges and roadblocks
• Help reports understand how their role and contributions are important to the Company’s success and give and receive constructive feedback, and provide input to the organization on the report’s contributions - celebrate wins

Knowledge and Skill Requirements 

• A Bachelor’s Degree or higher in Accounting
• At least 5+ years of Cost Accounting experience in a high-volume, process manufacturing environment
• Demonstrated understanding of GAAP cost accounting standards, product cost analysis and inventory controls
• Large scale ERP system experience
• Experience managing finance analysts
• Work experience with one of the big 4 Accounting firms preferred

Physical Demands and Working Conditions

• Move long distances (such as from building to building) and be stationary for extended periods of time
• Operate a computer and other office equipment, such as a laptop, copier/printer, etc in a fixed location

The starting base pay for this role is between $135,000 and $171,000 at the time of posting. The actual base pay depends on many factors, such as education, experience, and skills. Base pay is only one part of Sila’s competitive Total Rewards package that can include benefits, perks, equity, and bonuses.  The base pay range is subject to change and may be modified in the future. #LI-Onsite #LI-FM1