Cost Accounting Manager

at Synergy55 LLC in Schaumburg, Illinois, United States

Job Description

Begin your Composites One career today!

Position Overview:

We’re hiring a Cost Accounting Manager to join our growing Finance team!

In this critical role, the Cost Accounting Manager will help drive financial health and operational efficiency at Composites One. This position leads all aspects of cost accounting, with a focus on the accurate accumulation, analysis, and reporting of product and inventory costs, including variance analysis. As a strategic partner to the supply chain, operations, and logistics teams, the Cost Accounting Manager delivers financial insights, ensures compliance with company policies and U.S. GAAP, and identifies opportunities for cost and process improvements. The role also involves collaboration with international business units to align cost accounting practices globally. Success in this role requires strong analytical skills, advanced systems knowledge (SAP/Vistex), attention to detail, and a proactive, solutions-oriented mindset.

Key Responsibilities:

Costing Policy & Compliance

• Develop and maintain cost accounting policies aligned with company accounting standards and internal controls to ensure efficiency, accuracy, and compliance.
• Ensure cost accounting practices comply with U.S. GAAP and internal control standards.
• Monitor and update procedures to reflect changes in operations, systems, or regulatory requirements.

Cost Analysis & Reporting

• Accumulate, analyze, and report on product costs and variances, delivering insights that support strategic and operational decision-making.
• Prepare and maintain inventory costing models; update standard cost rates and perform profitability and variance analysis (e.g., PPV, absorption).
• Regularly generate and present detailed reports on product costs, variances, and margins to senior management.

Inventory Accuracy & System Integrity

• Oversee inventory accuracy initiatives, including the cycle count program, physical inventory counts, time studies, and reconciliations.
• Ensure accuracy of cost and inventory data within SAP; validate purchase order data and costing entries.
• Serve as the subject matter expert (SME) for SAP and partner with operations and project teams to identify and implement system and process enhancements.

Cross-Functional Collaboration & Process Improvement

• Provide financial expertise and guidance to supply chain, logistics, and operations teams.
• Lead the manufacturing budget process and support issue resolution for designated sites.
• Identify and implement process improvements related to cost tracking, reporting, and ERP system utilization (e.g., SAP, Incorta).
• Support internal and external audits and deliver training on cost accounting policies and product cost drivers.

Expected Skills and Qualifications:

• Minimum of 5 years of progressive cost accounting experience in manufacturing, distribution, or a related environment.
• Bachelor’s degree in Accounting, Finance, or a related field required; CPA preferred. An equival
  
  
  
  Equal employment opportunity, including veterans and individuals with disabilities.
  
  

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