Cost Accounting Manager

LAKEVIEW FARMS, LLC

POSITION DESCRIPTION

 

POSITION:                 Cost Accounting Manager

REPORTS TO:          Vice President of Administration

FLSA CLASS:           Exempt

 

JOB SUMMARY:

The Cost Accounting Manager is responsible for the maintenance and accuracy of the Company’s standard costs utilized for financial reporting and inventory valuation purposes. Additional responsibilities include the maintenance of BOMS (Bill of Materials) for all products and working closely with the sales and marketing functions to quantify and evaluate new business proposals and new product opportunities. The successful candidate will be responsive to the financial information needs of other functions.

 

ESSENTIAL FUNCTIONS:

·         With updates and assistance from Coordinate with the VP of Operations, R&D and Purchasing departments, maintain accurate standard cost records for all raw materials, packaging items and finished goods inventory items.Administration, Chief Financial Officer and other departments to develop and maintain the annual operating budget including tracking of key metrics.

·         Maintain the applicable BOM records for all existing and new products.Providing timely financial analysis of operating results in terms of costs, budgets, operating trends and incremental profit opportunities.

·         Work closely with the sales and marketing departments to quantify and evaluate estimated profitability for new business proposals and new product opportunities.Monthly analytical review, balance sheet account reconciliations, variance analysis and monthly reporting packages.

·         Prepare monthly reports that compare Preparing content and participating in monthly and quarterly operations reviews. actual plant costs to standard costs with explanations regarding significant variances.

·         Assist the VP of Administration and Chief Financial Officer in the preparation of annual budgets for pertinent P&L line items.

·         Develop plan and timeline to perform activity-based costing analysis for all finished products.

·         Support other functions in routine and special projects analysis to improve the profitability of the business.

·         Assist in justification analysis for sourcing decisions and capital investments.

·         Become thoroughly familiar with all facets of the production process and as applicable, suggest improvements that will improve profitability through higher yields, improved efficiencies and lower labor and overhead costs.

·            Developing and implementing an annual budget process and period forecast methodology.

·            Providing input and reviewing key data points for daily, weekly and monthly operational metrics.

Supporting other Company functions in routine and special projects analysis to improve the profitability of the business.

Conducting cost model analysis for justification of sourcing decisions, capital investments and new business proposals.

Working closely with operations team and other functions to develop annual capital budget and monitor associated spending throughout the fiscal year.

Working closely with the outside audit firm to facilitate the successful completion of the annual audit.

Assisting in developing accounting, internal control policies and cash / credit policies.

 

 

KNOWLEDGE, SKILLS, ABILITIES:

·         Minimum of a Bachelor’s degree in Finance or Accounting

·         Accounting designation preferred (CCPA/CMA)

·         7-10 years of hands-on accounting experience

·         Knowledge of principles and practices used in accounting

·         Proficient in Microsoft Office tools

·         Expert User of Excel

·         Team Player

·         Hands-on self-starter capable of excelling in a fast-paced entrepreneurial environment

·         Excellent verbal and written communication skills

·         Excellent organizational skills