Job Title: Senior Cost Accountant
Position Summary: The position is responsible for Magnolia Bakery's cost accounting and inventory management. The ideal candidate will be a highly motivated and experienced Cost Accountant with an understanding of NetSuite ERP and a proven track record of success within a manufacturing environment; and a passion for leveraging NetSuite to streamline financial processes and drive financial decision-making. This role will be involved with month end close, PO resolutions and timely receipt of TOs, SOs and POs.
Range: $85,000-$100,000
Reports to: Controller
Principal Duties:
Company and Department Collaboration
- Work with Controller in reporting and managing inventory.
- Work with Finance Managers and Supply Chain team to ensure proper costing of inventory.
- Support Commissary, Retail Bakeries and CPG teams in recording inventory and resolving inventory discrepancies in NetSuite, including BOMs.
- Collaborate with Supply team to resolve inventory discrepancies in ERP system.
- Monitor the cycle count program and conduct physical inventories.
- Design a cost accounting system and manage the documents and records of the organization.
- Plan projects and collect data to determine costs of business activity such as raw material purchases, inventory, and labor usage, waste.
- Perform month end close activities related to cost accounting, including inventory reconciliation to general ledger.
- Develop and maintain standard costs of finished goods and production components in NetSuite.
- Maintain and improve processes and controls associated with manufacturing costs and inventory valuation.
- Troubleshoot inventory variances between physical count and reports.
- Lead and manage the quarterly excess and obsolete inventory review process.
- Ensure validity and accuracy of NetSuite through analysis, internal audit and coordination with inventory control, production and work order processing.
- Assist in developing and documenting policies and procedures, including system requirements and internal controls.
- Collecting and analyzing data about a company's operational costs.
- Support audits and general ledger preparation. Back up (and overflow assistance) in Invoicing and three-way match (as long as we can implement approval process in NetSuite)
- Leverage ERP system to maintain and monitor accurate inventory across all locations.
- Assist in Reconciliations from 3PLs and Consigned inventory to Subsidiary/Valuation schedule, as applicable (within 3-5 business days)
- Perform Cost Analysis and BOM Analysis.
- Ensure accurate and timely tracking of manufacturing costs, overhead expenses, and product margins
Education & Experience
Required:
- BA in Accounting or Finance
- Experience with ERP in a manufacturing environment
- Experience with cost accounting
- Experience in an omnichannel company
- 3 + years professional experience minimum, especially with inventory
- Organized with good time management skills
- Strong grasp of GAAP accounting and general accounting concepts
- Extremely strong Excel skills, especially advanced modeling and analytical techniques
- Strong focus on accuracy and attention to detail
- Excellent communication and interpersonal skills
- Willingness to establish and maintain effective working relationships
- Hands on NetSuite experience
- Food industry experience a plus
- Ability to motivate and maintain effective working relationships with staff and partners
- Organized with good time management skills
- 5+ years experience in Accounting, Cost Accounting
- Experience with NetSuite in a manufacturing environment
- Strong organizational and analytical skills
Salary Range
$85,000-$100,000 USD
Magnolia Bakery is an Equal Opportunity Employer.
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
- Requires grasping, writing, standing, sitting, walking, repetitive motions, listening and hearing ability and visual acuity.
- Talking and hearing occur continuously in the process of communicating with guests, coworkers, and management.
- Vision occurs continuously with the most common visual functions being those of near vision and depth perception.
- Requires manual dexterity to use and operate all necessary equipment.
- Domestic travel required.