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Graco · 3 days ago

Cost Accounting Manager

Minneapolis, MN

Full-time

Onsite

Mid, Senior Level

$94K/yr - $164K/yr

7+ years exp

Graco is a manufacturer of premium equipment for moving, measuring, and controlling various materials. The Cost Accounting Manager will lead the cost accounting strategy, oversee product costing and inventory valuation, and ensure compliance with GAAP while partnering with operations and finance leadership.

ConstructionMachinery ManufacturingManufacturing

Comp. & Benefits

No H1B

Responsibilities

Own and evolve Graco’s cost accounting strategy, including the long-term roadmap for product costing, inventory valuation, and overhead absorption as the business grows and manufacturing complexity increases

Develop, maintain, and enhance cost accounting systems, processes, and internal controls to accurately track product costs, overhead, and inventory across global operations

Analyze, calculate, and report actual and standard product costs, including direct labor, materials, and overhead, and translate results into insights that support pricing, margin management, and operating decisions

Partner with operations, supply chain, and finance leadership to evaluate cost drivers, structural cost opportunities, and tradeoffs related to footprint, automation, sourcing, and capital investments

Prepare and present monthly, quarterly, and annual cost related financial results, and actively contribute to management discussions on cost performance, trends, and risks

Ensure strong internal controls and compliance with GAAP and company policies related to manufacturing accounting, inventory, and COGS

Develop documentation and analysis to support internal and external audits, including cost accounting and inventory audits

Provide leadership over inventory integrity, production accounting, and inventory update processes across Graco’s factories and distribution centers

Lead and develop a team of inventory and cost accounting professionals responsible for monitoring inventory accuracy, valuation, and movement throughout the organization

Work closely with manufacturing and distribution leaders to identify, plan, and implement inventory and cost reduction initiatives, and evaluate the financial impact of operating decisions

Serve as a key financial partner to operations by translating inventory and cost data into actionable insights that improve working capital, service levels, and cost performance

Lead, mentor, manage, and staff a cost accounting team, ensuring alignment with organizational goals and promoting a culture of leadership excellence

Drive team performance by setting clear goals, providing ongoing feedback, and facilitating professional growth opportunities

Establish, manage, and be accountable for the annual cost accounting and inventory control budget, ensuring effective allocation of resources and alignment with organizational strategic objectives

Qualification

Cost Accounting StrategyGAAP ComplianceERP Systems (Oracle)CMA CertificationFinancial AnalysisTeam LeadershipManufacturing ExperienceCommunication SkillsProblem-Solving Abilities

Required

Bachelor's degree in Accounting

CPA or CMA certification

7+ years' experience in corporate accounting

5+ years' experience in manufacturing cost accounting, including inventory control and production processes

Excellent leadership skills; 4+ years of team leadership experience preferred

Strong knowledge of GAAP and cost accounting principles in a manufacturing environment

Proficient working with ERP systems, preferably Oracle

Strong analytical and problem-solving abilities with the ability to digest and analyze complex financial data, interpret trends, and present actionable recommendations to leadership throughout the organization

Exceptional communication and presentation skills

Ability to travel approximately 10% of time, both domestic and international