Finance Supervisor

Job Title: Finance Supervisor

Location: Grand Rapids, MI

Job Description:

As a Finance Supervisor with a focus on costing, you will play a vital role in overseeing the costing activities within the organization. You will be responsible for ensuring accurate cost accounting, analyzing cost data, and providing insights to support decision-making and operational efficiency. This role requires strong analytical skills, attention to detail, and a deep understanding of costing principles and methodologies.

Responsibilities:

1. Lead and supervise the costing function within the finance department, ensuring timely and accurate cost calculations.
2. Develop and implement cost accounting policies, procedures, and controls to maintain integrity and compliance with accounting standards.
3. Analyze product costs, including direct materials, labor, and overhead, to support pricing decisions, cost reduction initiatives, and profitability analysis.
4. Monitor and analyze variances between standard costs and actual costs, investigating and explaining discrepancies as needed.
5. Collaborate with cross-functional teams, including production, procurement, and sales, to gather cost data and insights for decision-making.
6. Prepare and present cost reports, forecasts, and analyses to management, highlighting key cost drivers, trends, and opportunities for improvement.
7. Participate in product development projects, providing cost estimates and analysis to support pricing strategies and product profitability.
8. Evaluate and recommend process improvements and cost-saving initiatives to enhance operational efficiency and reduce costs.
9. Ensure compliance with relevant regulations, accounting standards, and company policies related to costing and inventory valuation.
10. Lead and mentor finance team members involved in costing activities, providing guidance, training, and development opportunities.
11. Assist with financial planning, budgeting, and forecasting processes, providing cost-related inputs and insights.
12. Collaborate with external auditors during financial audits, ensuring accurate and complete cost-related information is provided as needed.
13. Allocate work; develop and review key metrics with the team and lead to achieve results.
14. Coach and develop employees.
15. Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
16. Provide visibility of the financial position to the manufacturing operation. Reach focus and alignment with business partners to improve financial performance.
17. Prepares budgets, reviews budget proposals, supporting documentation, and budget presentations.
18. Support the manufacturing team with capital expenditure proposals.
19. Report significant variances every week by investigating potential problems and devising solutions with cross-functional department teams.

Qualifications:

1. Bachelor's degree in Finance, Accounting, or related field; Master's degree or professional certification (e.g., CPA, CMA) preferred.
2. Proven experience (X years) in cost accounting or a related role, with experience in a supervisory or leadership capacity.
3. Thorough knowledge of cost accounting principles, methodologies, and techniques.
4. Strong analytical and problem-solving skills, with the ability to interpret cost data and trends to support decision-making.
5. Proficiency in cost accounting software and ERP systems (e.g., SAP, Oracle) preferred.
6. Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and levels of the organization.
7. Detail-oriented with a high level of accuracy and integrity in financial reporting and analysis.
8. Ability to prioritize tasks and work under pressure in a fast-paced environment.
9. Leadership skills with the ability to motivate and develop a team.
10. Strong organizational and time management skills.