Cost Accounting Manager

Vaco
$130,000.00 - $150,000.00 / yr
vision insurance, retirement plan
United States, Pennsylvania, Philadelphia
Mar 15, 2025
Vaco is looking for a Cost Accounting Manager for one of their industry leading clients in life sciences. We are seeking a diligent and experienced Cost Accounting Manager to oversee client cost management systems within their manufacturing facility in Philadelphia. The ideal candidate will be responsible for cost analysis, financial planning, reporting, and budgeting. This role requires excellent analytical skills and the ability to combine different data sources to calculate profit margins and provide detailed cost reports. Key Responsibilities: Oversee the daily operations of the cost accounting department, ensuring accurate and timely financial reporting. Monitor and manage the company's inventory, including physical counts, tracking, and valuation. Prepare and analyze cost reports, providing management with detailed cost data and profitability analysis. Direct the preparation of budgets and financial forecasts, reporting variances and recommending cost-effective solutions. Collaborate with auditing services to ensure compliance with all regulations and standards. Develop and implement cost accounting systems and strategies to ensure accurate financial reporting. Train and support staff in the accounting, finance, and supply chain departments. Identify and recommend cost-effective solutions to improve financial performance. Qualifications: Bachelor's degree in accounting, Finance, or a related field; CPA or CMA certification preferred. Minimum of 5 years of experience in cost accounting, preferably within the life sciences or specialty manufacturing industries. Strong knowledge of cost accounting principles and practices. Proficiency in accounting software and Microsoft Office Suite. Excellent analytical and problem-solving skills. Strong communication and interpersonal skills. Ability to work independently and as part of a team. Advanced Excel Skills: Proficiency in advanced Excel functions, including pivot tables, VLOOKUP, and macros. Project Management: Experience in managing and leading financial projects. Attention to Detail: High level of accuracy and attention to detail in financial reporting and analysis. Regulatory Knowledge: Familiarity with life science industry regulations and compliance requirements. Leadership: Proven leadership skills with the ability to mentor and develop junior staff. Strategic Thinking: Ability to think strategically and contribute to the company's financial planning and decision-making processes. Adaptability: Ability to adapt to a fast-paced and changing environment. Additional areas of focus for this role: Calculate the rate at which inventory is used and replace it with a focus on optimal turnover rate to minimize holding costs. Measure the profitability of products after accounting for production costs and track changes over time to identify trends and areas for improvement. Monitor the total cost of manufacturing products sold and ensure accurate and timely reporting. Track adherence to budgeted expenses and identify root causes for areas where costs exceed or fall below budget. Measure the efficiency of the production process and identify bottlenecks and areas for process improvement. Monitor and control overhead costs and ensure overhead costs are allocated accurately. Track compliance with regulatory requirements and audit outcomes and ensure timely resolution of any audit findings. Track the implementation and impact of cost reduction strategies including measuring the savings achieved through these initiatives. Calculate the ROI for major projects and investments. Ensure investments are yielding expected returns. Track the training and development of accounting staff. Preferred Skills: Experience with ERP systems. Knowledge of life science industry manufacturing processes and cost structures. Ability to manage multiple projects and meet deadlines. Benefits: Competitive salary and performance-based bonuses. Health, dental, and vision insurance. Retirement plan with company match. Opportunities for professional development and growth. Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. EEO Notice Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law. Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com . Vaco also wants all applicants to know their rights that workplace discrimination is illegal. By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal. Privacy Notice Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies. California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here. Virginia residents may access our state specific policies here. Residents of all other states may access our policies here. Canadian residents may access our policies in English here and in French here. Residents of countries governed by GDPR may access our policies here. Pay Transparency Notice Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to: the individual's skill sets, experience and training; licensure and certification requirements; office location and other geographic considerations; other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.