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.
