Own product costing, inventory accounting, manufacturing overhead, reserves, variance analysis, month-end close, controls, and audit support for contract manufacturing operations. Manage consigned inventory reconciliations, physical counts, budgeting, forecasting, ERP costing functionality, and reporting. Partner with Operations, Supply Chain, and contract manufacturers while leading cost accounting activities and managing people.
Nexthop.ai, headquartered in Santa Clara, builds high-efficiency AI networking infrastructure for the world’s largest cloud operators and neoclouds. Following its $500M Series B at a $4.2B valuation, the company is scaling production quickly, and this role will build the cost accounting foundation for its contract manufacturing operations.
Position Summary
We are seeking a Cost Accounting Manager to own product costing, inventory accounting, and manufacturing overhead. This role will partner closely with Operations, Supply Chain, and the CM team.
Key Responsibilities
- Product Costing: Own standard costs, BOM and routing cost rolls, inventory revaluations, labor and overhead absorption rates, and WIP accounting; analyze and explain manufacturing variances and gross margin analysis.
- Consigned and non-consigned inventory: Reconcile consigned balances with contract manufacturer and ensure the inventory subledger ties to the GL monthly.
- Adjustments and reserves: Own E&O, NPI, and lower-of-cost-or-NRV reserves, review and approve inventory adjustments and write-offs, and prepare E&O analysis.
- Department spend: Own the manufacturing overhead budget and forecast by cost center, report actual vs. budget to department heads, and track under- or over-absorption.
- Physical inventory and cycle counts: Manage physical inventories, drive inventory record accuracy, and book and support count adjustments.
- Month-end close: Deliver all cost and inventory close activities on schedule, including journal entries, accruals, reconciliations, and the monthly cost and inventory reporting package.
- Controls and audit: Maintain internal controls over inventory and costing, document policies, support audit.
- Systems: Act as finance expert of ERP costing and inventory functionality and improve data integrity and reporting.
Requirements
- Bachelor’s degree in Accounting or Finance.
- 7+ years of progressive cost accounting experience in a manufacturing environment, including 3+ years managing people.
- Hands-on product costing experience: standard costing, BOM cost rolls, labor and overhead rates, and variance analysis.
- Experience with contract manufacturing and consigned inventory, ideally in electronics or hardware.
- Strong knowledge of U.S. GAAP inventory accounting (ASC 330), plus advanced Excel and ERP skills.
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