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Cost Accounting Manager

Saronic Technologies is a leader in revolutionizing defense autonomy at sea, dedicated to developing state-of-the-art solutions that enhance maritime operations for the Department of Defense (DoD) through autonomous and intelligent platforms.


Job Overview


Saronic is looking for an exceptional Cost Accountant to join the accounting and finance team supporting Saronic’s rapid growth. You will be responsible for product costing, product manufacturing analysis and inventory valuation.   You will become an expert in our products and their related manufacturing process and cost. You will also work closely with members of our production team to ensure seamless flow of information between our various systems and proper recording of inventory transactions and valuation.


This is a full-time role, reporting to our Corporate Controller, based in our office in Austin, Texas. 


Responsibilities
  • Own the inventory costing process and the related financial reporting impacts.
  • Develop and maintain costs of finished goods and production components in a worldwide ERP (Enterprise Resource Planning) system. Develop and maintain cost accounting systems to track manufacturing and operational costs.
  • Oversee inventory valuation and costing methods, ensuring accuracy in inventory records.  Improve processes associated with manufacturing costing and inventory valuation. 
  • Implement and monitor changes to improve overall cost control and reporting accuracy.
  • Analyze variances and anomalies and prepare detailed reports to explain discrepancies
  • Own month-end close and financial reporting for any inventory-related accounts and cost accounting requirements
  • Ensure validity and accuracy of ERP through analysis, internal audit, and coordination with inventory control, production and manufacturing engineering.
  • Prepare various financial analysis related to manufacturing costs, inventory, and expense information as needed for decision making support.


Qualifications
  • Bachelor’s degree in accounting or finance, CMA preferred
  • 8+ years of accounting experience preferred; 5+ years cost accounting in a manufacturing environment
  • Strong grasp of accounting principles (GAAP), practices and procedures; deep knowledge of cost accounting principles and inventory management practices
  • Demonstrated ability to streamline and automate complex processes
  • Extremely strong Excel skills, especially advanced financial modeling and analytical techniques
  • Excellent analytical skills with a strong focus on accuracy and attention to detail
  • Excellent communication skills and high confidence in stating professional opinions
  • NetSuite experience (preferred) or other accounting ERP experience
  • Ability to think outside the box and be nimble
  • Deadline driven and an ability to prioritize tasks
  • MS Office/Google Workspace skills
  • Ability to work independently and under pressure in a fast-paced environment
  • Ability to solve problems as they arise


Benefits
  • Medical Insurance: Comprehensive health insurance plans covering a range of services
  • Saronic pays 100% of the premium for employees and 80% for dependents
  • Dental and Vision Insurance: Coverage for routine dental check-ups, orthodontics, and vision care
  • Saronic pays 99% of the premium for employees and 80% for dependents
  • Time Off: Generous PTO and Holidays
  • Parental Leave: Paid maternity and paternity leave to support new parents
  • Competitive Salary: Industry-standard salaries with opportunities for performance-based bonuses
  • Retirement Plan: 401(k) plan
  • Stock Options: Equity options to give employees a stake in the company’s success
  • Life and Disability Insurance: Basic life insurance and short- and long-term disability coverage
  • Additional Perks: Free lunch benefit and unlimited free drinks and snacks in the office 


Saronic does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.



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What You Should Know About Cost Accounting Manager, Saronic

Saronic Technologies, a leader in revolutionizing defense autonomy at sea, is searching for a talented Cost Accounting Manager to join our accounting and finance team in Austin, Texas. If you're passionate about supporting rapid growth and are eager to dive deep into product costing and inventory valuation, this role might be perfect for you. You’ll become an essential part of the team, overseeing the inventory costing process, financial reporting impacts, and maintaining systems that track manufacturing costs. Collaborating closely with our production team, you’ll ensure the flow of information is seamless and that all inventory transactions are accurately recorded. With your expertise and a proactive approach, you’ll identify opportunities to streamline processes, analyze variances, and deliver insightful financial reports. You’ll also be responsible for month-end closures and engaging in meaningful problem-solving to navigate any challenges that arise. If you bring 8+ years of accounting experience, specifically in cost accounting within a manufacturing environment, coupled with strong analytical skills and a knack for financial modeling, we’d love to hear from you! At Saronic, we value teamwork and innovation, and we’re excited to onboard someone who can contribute to our mission—enhancing maritime operations for the Department of Defense through state-of-the-art solutions. Join us and let’s make waves together!

Frequently Asked Questions (FAQs) for Cost Accounting Manager Role at Saronic
What are the main responsibilities of a Cost Accounting Manager at Saronic Technologies?

The Cost Accounting Manager at Saronic Technologies is responsible for managing the inventory costing process, financial reporting impacts, and ensuring that all systems tracking manufacturing costs are accurate. You'll also oversee inventory valuation, improve cost control processes, and prepare detailed financial analyses to support decision-making.

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What qualifications do I need to become a Cost Accounting Manager at Saronic Technologies?

To qualify for the Cost Accounting Manager position at Saronic Technologies, candidates should hold a bachelor's degree in accounting or finance, with a CMA preferred. Additionally, 8+ years of accounting experience, including at least 5 years in cost accounting in a manufacturing setting, is essential. Strong analytical skills and an understanding of GAAP are also crucial.

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What software experience is required for the Cost Accounting Manager role at Saronic Technologies?

The Cost Accounting Manager at Saronic Technologies should ideally have experience with NetSuite or other accounting ERP systems. Proficiency in advanced Excel for financial modeling and analysis is also required in this role.

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How does Saronic Technologies support its Cost Accounting Manager in professional growth?

Saronic Technologies encourages the professional growth of its Cost Accounting Manager by providing a collaborative work environment, opportunities for performance-based bonuses, and access to a comprehensive benefits package which includes support for further education and tools to enhance your skills.

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What is the work environment like for a Cost Accounting Manager at Saronic Technologies?

The work environment for a Cost Accounting Manager at Saronic Technologies is fast-paced and dynamic, reflecting the company’s commitment to innovation. You'll be part of a team that values communication, creativity, and problem-solving, ensuring that you are supported even when working independently.

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Common Interview Questions for Cost Accounting Manager
Can you explain the inventory costing process you would implement as a Cost Accounting Manager?

When asked about the inventory costing process, focus on outlining a systematic approach that includes tracking costs of finished goods, evaluating production components, and regularly updating the cost accounting system to ensure accuracy in your reports and analyses.

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How do you handle discrepancies in inventory records?

When discussing discrepancies, emphasize your analytical skills and detail your process for investigating variances. Describe how you will analyze data, collaborate with production teams to identify root causes, and implement corrective actions to improve accuracy.

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What is your experience with financial reporting related to inventory?

In your response, provide specific examples of financial reports you've produced in previous roles, highlighting your ability to communicate financial information clearly to various stakeholders and your familiarity with month-end closing processes.

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How do you prioritize tasks under tight deadlines?

When addressing this question, explain your approach to time management, including how you assess urgent tasks, delegate effectively when appropriate, and maintain a flexible attitude to adjust to shifting priorities while ensuring all deadlines are met.

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What cost accounting methods do you prefer to use and why?

In answering, discuss the cost accounting methods you’ve applied in your past experiences, such as FIFO or LIFO, and rationalize your preferences based on the context of manufacturing environments, operational efficiency, and the relevance of these methods to enhance financial accuracy.

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How do you ensure compliance with GAAP in your cost accounting practices?

Highlight your strong understanding of GAAP principles and your systematic approach to ensuring compliance, such as conducting regular audits, updating accounting policies as necessary, and training staff on compliance-related practices.

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What software tools do you believe are essential for a Cost Accounting Manager?

Mention essential accounting software tools like ERPs (especially NetSuite) and advanced Excel for analysis. Elaborate on how you've used these tools effectively in past roles to streamline processes and improve cost management.

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How do you approach cost analysis and variance reporting?

Discuss your detailed methodology for conducting cost analysis, including regular monitoring of actual vs. expected costs, crafting detailed variance reports, and how this information impacts decision-making and strategic planning within the company.

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Can you provide an example of when you improved a costing process?

Outline a specific situation where you identified inefficiencies in a costing process, describe the steps you took to improve it, and share the positive outcomes that followed, emphasizing measurable results where possible.

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How would you contribute to Saronic Technologies' financial goals as a Cost Accounting Manager?

Articulate a clear vision of how your skills and experiences fit into Saronic Technologies' mission, emphasizing your strategic insights into cost management, efficiency optimization, and your commitment to supporting the overall financial health of the company.

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Full-time, on-site
DATE POSTED
March 8, 2025

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