Supervisor, Cost Accounting
Role Overview
The Cost Accounting Supervisor is responsible for overseeing the accuracy and integrity of all inventory-related accounting transactions. This position indirectly supervises and partners with supply chain to maintain accurate inventory records, ensures timely recording of inventory movements, and supports month-end close activities. The role is instrumental in strengthening internal controls, improving transaction processes, and supporting financial reporting in accordance with GAAP.
Key Skills for This Role
Full Job Posting
Cost Accounting Supervisor
Reports To: Controller Department: Finance / Accounting FLSA Status: Exempt Location: Corporate Office
Position Summary
The Cost Accounting Supervisor is responsible for overseeing the accuracy and integrity of all inventory-related accounting transactions. This position indirectly supervises and partners with supply chain to maintain accurate inventory records, ensures timely recording of inventory movements, and supports month-end close activities. The role is instrumental in strengthening internal controls, improving transaction processes, and supporting financial reporting in accordance with GAAP.
Benefits include
- Medical, Prescription Drug, and Vision Program –on DAY ONE
- Dental – on DAY ONE
- A generous PTO program -112 hours in your first year!
- Paid Parental Leave
- Gym Reimbursement Program and Company Paid Wellness Coach
- Online Virtual Care
- Company Paid Life Insurance for Employee, Spouse, Children
- Company Paid Long and Short-Term Disability
- Company Paid Employee Assistance Program
- Flexible Spending Account
- Education/Tuition Reimbursement Program – to supplement your current skillset or advance to a higher position.
- 401(K) – Company Match 100% up to 4%
- Bereavement Leave
- Volunteer Time Off Program
- Holiday Pay
- Employee Water Program – Free Water
- Referral Bonus
- Daily Pay
- FREE physical therapy on site!
- FREE access to near-site health care clinic (employees only)!
Inventory Transaction Oversight
Supervises daily processing and review of inventory transactions including receipts, transfers, adjustments, production completions, and shipments.
Ensure inventory transactions are accurately recorded within the ERP system.
Monitors inventory movement activity and investigates unusual transactions or variances.
Maintains integrity of inventory subledgers and related general ledger accounts.
Financial Reporting & Reconciliations
Lead month-end and year-end inventory close activities.
Review and approve inventory-related journal entries and account reconciliations.
Analyze inventory reserves, obsolescence, shrinkage, and adjustments.
Support internal or external audit requests and inventory testing procedures.
Inventory Controls & Compliance
Develop, implement, and maintain strong internal controls over inventory transactions.
Coordinate cycle count programs and physical inventories.
Review count results and ensure timely resolution of discrepancies.
Ensure compliance with GAAP, company policies, and audit requirements.
Variance Analysis
Reviews inventory adjustment activity and identify root causes of discrepancies.
Analyze manufacturing, warehouse, and transaction variances.
Prepare management reports highlighting inventory trends, risks, and opportunities.
Recommend corrective actions to improve inventory accuracy and transaction processing.
Process Improvement
Drive continuous improvement initiatives related to inventory accounting and transaction processing.
Collaborate with operations, purchasing, production, and IT teams to improve business processes.
Assist with ERP enhancements, testing, and implementation of inventory-related system improvements.
Leadership & Team Development
Supervise, train, and mentor supply chain staff responsible for inventory.
Develop standard operating procedures and training materials.
Foster a culture of accountability, accuracy, and continuous improvement.
Education
Bachelor's degree in Accounting, Finance, or related field required.
CPA, CMA, or MBA preferred.
Experience
5+ years of accounting experience with emphasis on inventory or cost accounting.
2+ years of supervisory or leadership experience preferred.
Manufacturing environment experience strongly preferred.
Experience with ERP systems (JD Edwards, SAP, Oracle, or similar).
Knowledge & Skills
- Strong working knowledge of GAAP.
- Thorough understanding of inventory accounting principles and controls.
- Advanced Microsoft Excel skills including Pivot Tables, Power Query, and data analysis.
- Strong analytical and problem-solving abilities.
- Ability to communicate effectively with accounting and operations personnel.
- Demonstrated leadership and project management skills.
Key Performance Indicators (KPIs)
Inventory accuracy percentage.
Cycle count completion and variance resolution.
Timeliness of month-end close.
Inventory adjustment trends.
Reconciliation completion and audit results.
Physical Requirements
- Primarily office-based work environment.
- Occasional visits to manufacturing and warehouse facilities.
- Ability to sit, stand, walk, and lift up to 25 pounds occasionally.
About Premium Waters
Privately held bottled-water manufacturer and distributor serving homes, offices, retailers, and businesses across the United States.
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