ERIC S. TONG
Fremont,CA
Summary
Over 15 years of cost accounting/finance experience analyzing all aspects of the production process, including Variances, Inventory Accuracy, Bills of Materials, Routings, Regulatory Compliance.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Sr. Cost Accounting Manager
Route 92 Medical
San Mateo
04.2023 - Current
- Develop and maintain cost accounting policies, procedures, and internal controls to ensure accuracy and compliance with generally accepted accounting principles (GAAP)
- Manage the month end inventory accounting close process
- Monitor actual expenses and assist leadership in developing, recommending, and implementing corrective action to ensure results of the operations are in line with the operating budget
- Perform cost analysis and financial guidance to prepare reports that provide detailed cost information to local and corporate leadership
- Analyze and interpret financial data to identify trends, opportunities for cost reduction, and areas for improvement
- Collaborate with FP&A to develop and maintain the cost accounting model for budgets and forecasts
- Develop and maintain relationships with internal stakeholders, including leadership teams and external auditors.
Sr. Cost Accounting Manager
Outset Medical
San Jose
01.2020 - 04.2023
- Defined policies and procedures for all cost accounting and inventory activities
- Planned, organized and directed all the activities of the cost accounting function in support of monthly close activities, including preparation or supervision of preparing of journal entries and inventory accruals
- Maintained standard cost system - quarterly cost rolls/updates for San Jose and Mexico operations
- Managed the Cost Accounting aspects of the cycle count and annual physical count for inventory
- Ensured validity and accuracy of ERP through analysis, internal/external audit, and coordination with inventory control, production and work order processing
- Maintained and improved processes and controls associated with manufacturing costs and inventory valuation
- Represented Finance/Accounting on teams designed to improve operations, reduce costs
- Developed Inventory and COGS KPIs - prepared monthly reporting metrics and communicated results/recommendations to respective business leaders.
Sr. Cost Accounting Manager
Juul Inc
San Francisco
11.2018 - 01.2020
- Partnered with Manufacturing Operations to manage bottoms up financial analysis of product cost
- Set worldwide PO cost including in depth variance analysis
- Partnered with Global Supply Managers in reviewing and analyzing cost trends
- Consolidated BOM and coordinated with GSM’s worldwide to validate commodity and transformational costs
- Worked with cross functional business partners to ensure that costs for key commodities are accurately collected
- Planned and managed Cost Accounting Period Close, including Recon sign off and Flux analysis.
Sr. Cost Accounting Manager
FitBit Inc
San Francisco
08.2017 - 11.2018
- As Cost accounting lead for Netsuite to SAP implementation
- Responsible for Period-end accounting close and cross functional coordination to ensure close meets Corporate Close Calendar
- Performed quarterly standard cost update based on future purchase orders and rollup for material cost and freight in overhead
- North America Inventory Cycle Count and Annual Inventory Count Coordination/Monitoring
- Executed SOX controls & assisted in quarterly review and annual audit
- Processed improvement for all current processes to streamline data inflow, reduced process steps, enhanced spreadsheet algorithm and add error proof cross-checking procedures.
Sr. Cost Accounting Manager
GoPro Inc
San Mateo
08.2013 - 12.2016
- Collaborated with FP&A to set standard cost, semi-annually based on AOP
- Partnered with the Operations team to ensure accuracy of system generated transactions and to reconcile CM and 3P&L inventory
- Worked collaboratively with International Accounting team, IT, Operations to designed and implemented standardized close process to minimized intercompany variances, to automate inventory transactions
- Managed and reviewed inventory reserves, excess purchase commitments, tracked and assessed warranty reserve with crossed functional teams
- Reviewed CM and P&L contracts and agreements and to perform cut-off testing to ensure compliance per company’s revenue recognition policy
- Built ad-hoc analytical models to support forecasting, budgeting, and other financial and non-financial data
- Interfaced and to provide supporting documents and prepared schedules to internal auditors and external auditors to ensure GAAP and SOX compliance.
Sr. Cost Accounting Manager
Super Micro Computer
San Jose
08.2006 - 08.2013
- A key business partner with subject matter expertise in revenue/shipment logistics and to provide solutions on critical operational and accounting issues
- Managed all cost accounting function, including 6 CM inventory recons, and set standard cost and bill of materials cost rollup to include in-house manufacture shop-floor routings
- Developed Cost Systems, methods and procedures enhancement for SOX
- Prepared MBR, gross margin analysis, monthly production spending, financial management of variances, and forecast
- Interfaced with external auditors and prepare required audit schedules.
Education
Bachelor of Science - Accounting
California State University - East Bay
Hayward, CAMBA -
California State University - East Bay
Hayward, CASkills
- Audit Support
- Internal Controls
- Financial Forecasting
- Cost-reduction strategies
- Process Implementation
- Relationship Building
Certification
Certified Management Accountants, CMA
Affiliations
U.S. Marines Active Duty
Honorable Discharged
Timeline
Sr. Cost Accounting Manager
Route 92 Medical
04.2023 - Current
Sr. Cost Accounting Manager
Outset Medical
01.2020 - 04.2023
Sr. Cost Accounting Manager
Juul Inc
11.2018 - 01.2020
Sr. Cost Accounting Manager
FitBit Inc
08.2017 - 11.2018
Sr. Cost Accounting Manager
GoPro Inc
08.2013 - 12.2016
Sr. Cost Accounting Manager
Super Micro Computer
08.2006 - 08.2013
Bachelor of Science - Accounting
California State University - East Bay
MBA -
California State University - East Bay
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