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Jimmie Walker
Cost Accounting Manager
Summary
Seasoned Cost Accounting Manager with over 8 years of experience in developing and implementing cost accounting systems, leading teams, and improving cost management practices. Proven ability to reduce cost variances, increase operational efficiency, and provide insightful data for decision-making. Expertise in standard costing, activity-based costing, variance analysis, financial reporting, and budgeting. Collaborates effectively with cross-functional teams to optimize costing processes and align them with business goals.
Key Accomplishments:
- Developed and implemented a cost accounting system that enhanced cost tracking and analysis, reducing cost variances by 15%.
- Led a team of cost accountants in developing and maintaining a comprehensive cost database, ensuring accurate and timely reporting.
- Improved cost management practices through the implementation of activity-based costing, resulting in a 10% increase in operational efficiency.
- Overhauled the variance analysis process, enabling proactive identification and resolution of cost overruns, reducing production costs by 8%.
- Developed customized cost reports and dashboards for stakeholders, providing insightful data for decisionmaking.
Education
Bachelor’s degree in Accounting or Finance
September 2018
Skills
- Cost Accounting
- Standard Costing
- Activity-Based Costing
- Variance Analysis
- Financial Reporting
- Budgeting and Forecasting
Work Experience
Cost Accounting Manager
- Developed customized cost reports and dashboards for stakeholders, providing insightful data for decisionmaking.
- Established cost control measures and implemented process improvements, reducing material waste by 12% and labor costs by 5%.
- Collaborated with other departments, including production, engineering, and finance, to optimize costing processes and align them with business goals.
- Managed overhead allocation and distribution, ensuring accurate and equitable charging across multiple departments.
Cost Accounting Manager
- Developed and implemented a cost accounting system that enhanced cost tracking and analysis, reducing cost variances by 15%.
- Led a team of cost accountants in developing and maintaining a comprehensive cost database, ensuring accurate and timely reporting.
- Improved cost management practices through the implementation of activitybased costing, resulting in a 10% increase in operational efficiency.
- Overhauled the variance analysis process, enabling proactive identification and resolution of cost overruns, reducing production costs by 8%.
Accomplishments
- Led the implementation of an integrated cost accounting system, resulting in a 15% reduction in operating expenses
- Developed and implemented a costreduction plan that exceeded expectations by 20%, saving the company millions of dollars
- Improved cost reporting accuracy by 90% through the implementation of a new data collection and analysis system
- Established a cost accounting function for a new business unit, creating a foundation for effective financial management
- Managed a team of cost accountants responsible for the accurate and timely production of cost reports
Awards
- CFO Award for Outstanding Performance in Cost Management
- ICAEW Finance Medal for Excellence in Cost Accounting
- IMA Gold Medal for Best Cost Management Initiative
Certificates
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- Certified Internal Auditor (CIA)
- Certified Information Systems Auditor (CISA)
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How To Write Resume For Cost Accounting Manager
- Highlight your expertise in cost accounting principles and methodologies.
- Quantify your accomplishments with specific metrics and results.
- Demonstrate your ability to analyze cost data and identify areas for improvement.
- Showcase your leadership and team management skills.
- Emphasize your ability to communicate cost information effectively to stakeholders.
Essential Experience Highlights for a Strong Cost Accounting Manager Resume
- Develop and implement cost accounting systems to enhance cost tracking and analysis
- Lead teams of cost accountants in developing and maintaining cost databases
- Improve cost management practices through the implementation of activity-based costing
- Overhaul variance analysis processes to enable proactive identification and resolution of cost overruns
- Develop customized cost reports and dashboards for stakeholders
- Establish cost control measures and implement process improvements to reduce material waste and labor costs
- Collaborate with other departments to optimize costing processes and align them with business goals
Frequently Asked Questions (FAQ’s) For Cost Accounting Manager
What are the key responsibilities of a Cost Accounting Manager?
Cost Accounting Managers are responsible for developing and implementing cost accounting systems, leading teams of cost accountants, improving cost management practices, and providing insightful data for decision-making. They collaborate with other departments to optimize costing processes and align them with business goals.
What are the essential skills for a Cost Accounting Manager?
Essential skills for a Cost Accounting Manager include cost accounting, standard costing, activity-based costing, variance analysis, financial reporting, budgeting, and forecasting.
What are the career prospects for a Cost Accounting Manager?
Cost Accounting Managers can advance to roles such as Controller, CFO, or Director of Finance. They can also specialize in areas such as financial analysis, cost engineering, or internal auditing.
What is the average salary for a Cost Accounting Manager?
According to Salary.com, the average salary for a Cost Accounting Manager in the United States is $95,000.
What are the educational requirements for a Cost Accounting Manager?
Most Cost Accounting Managers have a bachelor’s degree in accounting or finance.
What are the certification requirements for a Cost Accounting Manager?
There are no specific certification requirements for a Cost Accounting Manager, but many professionals choose to obtain certifications such as the Certified Management Accountant (CMA) or the Certified Internal Auditor (CIA).
What are the key challenges facing Cost Accounting Managers?
Key challenges facing Cost Accounting Managers include the increasing complexity of business operations, the need for real-time cost data, and the need to align cost accounting practices with the latest technological advancements.
What are the key trends in cost accounting?
Key trends in cost accounting include the adoption of cloud-based cost accounting systems, the use of big data and analytics to improve cost management, and the increasing importance of sustainability and environmental accounting.