Accounting Manager

Reports To: Chief Financial Officer (US) - dotted line to Site Manager (Vietnam)
FLSA Classification: Exempt
Location: Manufacturing site Vietnam
Position Summary
The Accounting Manager is responsible for the integrity of the company's financial and cost accounting systems at the Vietnam site, leading day-to-day accounting operations, financial reporting, internal controls, product costing, and budgeting functions. This role oversees all accounting subledgers, manages risk, insurance, and FX exposure, leads BI reporting, and partners closely with site operations and US corporate leadership to support data-driven business decisions. The Accounting Manager reports directly to the CFO in the US, with a dotted-line relationship to the Site Manager in Vietnam, and is a member of the local site management team.
Essential Duties and Responsibilities
1. Accounting Operations & Subledger Management
• Build, operate, and continuously improve the company's accounting systems and processes to support business growth and strategy.
• Oversee all subledger functions, including Accounts Payable, Accounts Receivable, Fixed Assets, and Inventory, ensuring accuracy and timely reconciliation to the general ledger.
• Manage cash and bank activity and direct the monthly, quarterly, and year-end close processes.
2. Financial Reporting & Internal Controls
• Prepare, review, and approve periodic financial statements and management reports, including the income statement, balance sheet, and cash flow statement.
• Perform general ledger reviews, balance sheet reconciliations, and variance analysis to ensure data integrity and consistency.
• Design, implement, and monitor internal controls in accordance with company policy and U.S. GAAP.
3. Product Costing & Manufacturing Variance Analysis
• Maintain and continuously improve the standard costing system, including establishing and updating standard rates for labor, overhead, and materials.
• Lead product costing activities, ensuring accurate bills of material, routings, and cost rollups.
• Analyze manufacturing variances (purchase price, usage, labor, and overhead absorption) and partner with operations to investigate root causes and drive corrective action.
• Lead the annual standard-setting process and evaluate the impact of cost changes on margins and pricing.
4. Revenue, Receivables & Cash Flow Management
• Oversee revenue recognition, billing, credit control, and accounts receivable management to optimize cash conversion and minimize credit risk.
• Manage company liquidity; prepare short- and medium-term cash flow forecasts and monitor cash balances.
5. Budgeting & Financial Analysis
• Lead the preparation of the annual operating budget, standard cost updates, and periodic financial forecasts.
• Analyze actual results against budget and forecast, identify variances, and present findings and recommendations to management.
6. Audit, Tax & External Coordination
• Serve as the primary point of contact for external auditors during quarterly reviews and the annual audit.
• Coordinate with outside accounting service providers, tax advisors, and internal departments to ensure timely delivery of required financial data and documentation.
7. Insurance & Risk Management
• Manage the company's commercial insurance programs, including property, casualty, general liability, and cargo/marine coverage as applicable.
• Lead the annual insurance renewal process, including coordinating with brokers and carriers, evaluating coverage adequacy, and benchmarking premiums.
• Maintain accurate records of policies, claims, and certificates of insurance, and manage the claims process in coordination with brokers and legal counsel.
• Assess and report on insurable risk exposure across company operations and assets.
• Manage foreign exchange (FX) exposure, including monitoring currency risk on transactions and balances and recommending hedging or mitigation strategies as appropriate.
8. BI Reporting
• Develop and maintain the company's BI reporting functionality, pulling data from the ERP system to support management and operational reporting.
• Build and maintain dashboards and recurring reports that provide visibility into financial and operational performance for site and corporate leadership.
• Partner with IT and corporate finance to ensure data integrity, consistency, and accuracy across BI reports.
9. Management Support & Strategic Advisory
• Support management in pricing, investment, capital expenditure, and other key financial decisions.
• Assess the financial impact and risk of business plans, projects, and strategic initiatives.
• Serve as a member of the local site management team, contributing financial perspective to site-level operational and strategic decisions.
10. Team Leadership & Development
• Lead, manage, coach, and develop the accounting and finance team.
• Ensure proper task allocation, compliance with procedures, and ongoing capability development within the team.
11. Other Responsibilities
• Perform other related duties as assigned by management.