Senior Cost Accountant
Department: Finance
Status: Salaried, Exempt
Employee Classification: Regular, Full Time
Reports to: Plant Controller
Supervisory Responsibilities: No
JOB SUMMARY: The Senior Cost Accountant acts as a reliable partner to plant management, assists in the identification and reduction of all types of waste, and reports on product profitability for all products at the plant. The Senior Cost Accountant should provide guidance regarding product costing, margin analysis, and inventory valuation and provide key insights to management surrounding changes to the cost structure.
ESSENTIAL FUNCTIONS:
- Maintain monthly and quarterly updates that drive pricing to contract manufacturing customers, and provide analysis to assist in communication of price changes to customers
- Provide analytical, quantitative, and financial modeling assistance in support of Company objectives in the areas of decision support, and analysis of historical results
- Analyze variances between standard and actual costs and determine the root cause
- Understand the basis for raw material write-offs and identify gaps to help reduce the frequency
- Provide regular profitability analysis by product type
- Assist plant management in identifying cost saving initiatives
- Provide Inventory support and monitor cycle counts and physical inventories
- Assist with test counting for annual physicals or cycle counts with Company personnel, and auditors
- Monitor for excess, obsolete, and expiring inventory and work cross-functionally to minimize exposure to losses
- Own inventory-related activities related to month-end close of the general ledger, including inventory valuation analysis, cutoff review, journal entries and reconciliations
- Collect and analyze financial data in order to prepare monthly financial reports, particularly actual versus forecast and budget
- Assist external auditors as needed
- Manage and maintain ERP system components related to inventory and manufactured product costs
- Maintain inventory cost system and propose updates as necessary
- Ensure cost data such as material, labor, and other conversion and support costs are allocated correctly
- Analyze and report inventory and cost of goods sold as part of month-end close
- Provide analysis to highlight opportunities to improve cash flow, particularly related to inventory and manufacturing efforts
- Provide guidance on plant inventory control issues
- Manage and coordinate labor reporting and analysis
- Budgeting and forecasting
- Work with management to develop forecasts and provide leadership with daily production, scrap and inventory flashes
- Develop and maintain budgeting tools for creating product cost
- Projects
- Work cross-functionally with departments on new project costing
- Provide input on new product pricing
- Communicate results clearly in both verbal and written formats to peer and leadership audiences and provide guidance on product costing issues to manufacturing management
KNOWLEDGE, SKILLS & ABILITIES:
- Bachelor's Degree in Accounting or Finance
- 3-5 years of cost accounting and manufacturing analysis experience
- Experience in a food manufacturing facility preferred
- ERP experience preferred
- Strong Excel, PowerPoint, Outlook, and Word skills required
- Excellent interpersonal, verbal and written communication skills
- Excellent attention to detail while maintaining an ability to adapt to a faced-paced business environment
- Ability to act as problem solver and offer informed solutions to improve process or reporting
WORKING CONDITIONS/PHYSICAL FACTORS:
- This job operates in a clerical, office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets
- From time to time, this position requires the individual to be on his/her feet and safely maneuver through a warehouse and manufacturing environment
- Able to work in an environment containing nuts, peanuts, dairy, grains and other allergens
- This is a full-time, on-site position. Typical days and hours of work are Monday through Friday, 8 a.m. to 5 p.m. with occasional off hours work requirements.
$85,000 base salary with 5% annual bonus potential
4% 401(k) match - above market for manufacturing
Relocation assistance available
Other Duties as Assigned
This job description is not intended to be all inclusive, but is to serve as a guideline. Management retains the right to determine additions or changes to job content.
