Hormel Foods

Associate Cost Accountant/Cost Accountant - Planters-Suffolk, VA

Hormel Foods • $67K — $115K *
Suffolk, VA 23434In-Person
Finance & Insurance
Less than 5 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or finance required.
  • Demonstrated initiative and leadership qualities.
  • Strong problem-solving and decision-making abilities.
  • Excellent interpersonal and organizational skills.
  • Effective written and verbal communication skills.
  • Proficient in computer skills.
  • Must be authorized to work in the U.S. without sponsorship.

Responsibilities

  • Manage staff to resolve daily production challenges and assist with inventory balancing.
  • Oversee new item setups and maintain standard yields in daily cost accounting functions.
  • Coordinate and supervise period and fiscal year-end inventories.
  • Responsible for updates on Labor Cost and Overhead.
  • Review monthly balance sheet reconciliations for Inventory accounts and ensure IPE compliance.
  • Examine Inventory Adjustments and Foreign Material expenses within the P&L.
  • Complete and oversee period/quarter close tasks as assigned by the Controller.
  • Act as liaison between cost accounting and operations for data collection system.

Benefits

  • Comprehensive medical, dental, and vision coverage.
  • Discretionary annual merit increases and bonuses.
  • 401(k) plan with employer match.
  • Stock purchase plan available.
  • Generous paid time off policy.
  • FREE two-year community/technical college tuition for children of employees.
Full Job Description
Job Description

ASSOCIATE COST ACCOUNTANT / COST ACCOUNTANT - Planters (Suffolk, VA)

To save time applying, Hormel Foods does not offer employer sponsorship of job applicants for employment-based visas for this position at this time.

RESPONSIBILITIES:
  • Manages staff that assist with resolving daily production challenges, inventory balancing, bill of material updates, standard yield maintenance and various customized reports to assist operations.
  • Oversees new item setups, supply variance reviews, maintains and monitors standard yields, along with the day-to-day Cost Accounting functions at the plant.
  • Coordinates and supervises period and fiscal year-end inventories.
  • Responsible for Labor Cost, and Overhead updates.
  • Reviews monthly balance sheet reconciliations for Inventory accounts, and possibly other accounts, while ensuring compliance to IPE standards.
  • Reviews Inventory Adjustments and Foreign Material expenses within the P&L.
  • Completes and oversees period close/quarter close tasks, as assigned by the Controller.
  • Acts as a liaison between cost accounting, operations, and other management areas for the Data Collection (AS/400) system.
  • Assists in the other cost duties as directed by their supervisor as the incumbent builds on their experiences.
  • Support the operations and management team as it relates to Cost Accounting.


QUALIFICATIONS:

Level of position offered, Associate Cost Accountant or Cost Accountant, will be based on candidates' experience level and skill set

Required
  • A bachelor's degree in accounting or finance.
  • A pattern of initiative and leadership.
  • Strong problem solving and decision-making skills.
  • Well-developed interpersonal and organizational skills.
  • Well-developed written and verbal communication skills.
  • Strong computer skills.
  • Must be a Citizen or National of the United States, a lawful, permanent resident, or have authorization to work in the United States.
  • Applicants must not now, or in the future, require sponsorship for an employment visa.

Preferred
  • CMA, CPA or CIA certification or making progress towards certification.
  • Operational accounting experience.
  • Working knowledge of Oracle, AS400, and QAD systems.
  • Experience managing a team.


LOCATION: Suffolk, VA

COMPENSATION/BENEFITS:

At Hormel Foods, base pay is one part of our total compensation package and is determined within a range. The base hiring pay range for the Associate Cost Accountant is between $67,500 - $94,500 per year and the base hiring pay range for the Cost Accountant is $82,500 - $115,500, and your actual base pay within that range will, depend upon a variety of factors including, but not limited to, job-related knowledge, skill set, level of experience, and geographic market location.

Other components of Hormel Foods' total compensation package include comprehensive medical, dental and vision coverage, discretionary annual merit increases, bonuses, 401(k) with employer match, stock purchase plan, paid time off, FREE two-year community/technical college tuition for children of employees, and more.

About Hormel Foods

At Hormel Foods, we are committed to providing consumers with high-quality, high-value branded products that are flavorful, nutritious and convenient. Guided by Our Way—our internal principles platform—we strive to set industry standards for product quality, work environment and community engagement.

Hormel Foods Careers

Join the dynamic team at Hormel Foods, a global leader in the food industry known for its commitment to quality, innovation, and sustainability. At Hormel Foods, we offer a variety of job opportunities that allow professionals to grow their careers in an environment that fosters leadership, teamwork, and professional development. Work You’ll Do At Hormel Foods, you will be part of a culture that thrives on excellence and innovation. Our team members are encouraged to bring their unique skills and perspectives to the table, driving growth and transformation across the industry. Whether you are looking for a position in management, engineering, marketing, or production, Hormel Foods provides a platform to enhance your career and contribute to a company that values diversity and leadership. Join Our Market-Leading Team Hormel Foods is not just a company; it's a team that respects and promotes diversity and inclusion at every level. With over 20,000 dedicated professionals, we lead the market in food innovation and are committed to making a difference in our communities and the world. Do Innovative Work Engage in meaningful work that challenges and fulfills you. Hormel Foods is at the forefront of the food industry, constantly exploring new technologies and strategies to lead the market. Our commitment to innovation is evident in every product we develop and every strategy we implement. Be Part of a Great Team Working at Hormel Foods means being part of a team that values your insights and supports your growth. Our employees enjoy competitive benefits, comprehensive diversity training, and opportunities for networking and career advancement. We believe in nurturing talent through robust internship programs and ongoing professional development. Future-Proof Your Career Advance your career with Hormel Foods, where your ambition can take you to new heights. Our supportive environment includes unmatched training and development programs that prepare you for leadership roles and enhance your skills. From internships to full-time positions, Hormel Foods is committed to helping you build a resilient and rewarding career. Explore Discover how Hormel Foods is revolutionizing the food industry through leadership in sustainability and ethical practices. Learn about our latest projects and how our team is implementing innovative solutions for a better future. Hormel Foods – A Place of Opportunity Our combined service capabilities and dedication to growth and innovation help our team members lead successful careers in the food industry. Clients and consumers alike trust Hormel Foods for quality and leadership in creating progressive food solutions. Stay Connected Join Our Team Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Explore the diverse job opportunities at Hormel Foods and find where you fit best. Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await you at Hormel Foods.
Learn more about Hormel Foods
Size
20,000 employees
Market Cap
$24.9 billion
Industry
Manufacturing & Automotive
Net Income
$887.5 million
Founded
1891
5 Year Trend
+6.3%
Revenue
$9.6 billion
NASDAQ
HRL
* Ladders Estimates

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