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Job Description
- Cost accounting managers typically report to the chief financial officer (CFO) or director of finance, and work for companies of all sizes in a broad range of industries. Responsibilities include budgeting, recording and analyzing company financial information, and tracking department or product expenditures.
- As part of the management team, cost accounting managers help with strategic planning and making decisions regarding the direction of the business. Executive management depends on the accuracy of a cost accounting manager’s financial analysis to ensure sound decisions. Cost accounting managers may also be involved in guiding the development of new products and services.
- Preparing financial information for stockholders, creditors, regulators, and state, local and federal tax authorities is also part of a cost accounting manager’s job. Individuals in this role might also supply monthly forecasts of key data, spending, production, inventory and variances. Frequently, these professionals monitor and report costs of materials, goods sold and services provided, and ensure proper internal controls on expenditures.
- Cost accounting managers usually work in an office setting. Those employed by regional, national or global firms may be required to travel to satellite plants or offices. A 40-hour week is typical.
Job Requirements
- Bachelor degree in finance, accounting or business administration
- Previous experience in the same position not less than 10 years
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