Corporate Controller - Raleigh - Sinnovatek Inc

    Sinnovatek Inc
    Sinnovatek Inc Raleigh

    1 week ago

    Default job background
    Full time
    Description

    Job Title:

    Cost Accounting Manager

    Job Description

    This is a key role in overseeing accounting and financial planning & analysis activities. The successful candidate will have strong interpersonal skills, work well as part of a team, be a self-starter, and have a passion for their work.

    Duties and Responsibilities:

    • Develop and improve cost accounting functions to support manufacturing operations and supply chain management, AR and AP.
    • Adhere to the monthly and quarterly close process and timeline, prepare and record related entries to the general ledger, account reconciliation and analysis related to inventory and cost of goods sold.
    • Collaborate with teams in manufacturing, operations, and site personnel to achieve business objectives.
    • Maintain accurate costing methodology in all ERP systems to ensure accuracy of inventory valuation.
    • Provide and verify product costs in support of all cost-based pricing contracts.
    • Monitor inventory transactions and processes including scrap, inventory, and COGS to ensure accuracy and compliance with corporate policies.
    • Work with the CFO to develop procedures and controls that ensure meaningful and reliable product costs and accurate inventories.
    • Recommend changes to the company's processes and policies to reduce cost and maximize profit.
    • Partner and evaluate required inventory reserves and ensure compliance with periodic cycle counts and physical inventory and reconcile results.
    • Identify potential issues and coordinate issue resolution/problem solving with other functional teams.
    • Prepare for and participate in internal and external reviews and audits.
    • Assist with annual manufacturing cost standard updates and analysis of variances to standards.
    • Research, analyze, and report on manufacturing and overhead variances, labor/overhead absorption by product lines.
    • Analyze department expense variances (actual to budgets/forecasts), monthly revenues & associated gross margin analysis.
    • Partner with operations team to review non-standard variances and gross margin analysis.
    • Provide support/data analysis for senior management team to understand costs, variances, and operating measures, including product/SKU level margins through key strategic reports.
    • Carry out cost-volume-profit (CVP) analysis.
    • Budget/Forecast Planning.
    • Ensure financial statements are prepared in accordance with GAAP.
    • Participate in the annual budgeting process, including preparation of standard costs.
    • Support FP&A team by forecasting/modeling quarterly absorptions based on production plan as well as purchase price variances, scrap rates, material variances, etc.
    • Up hold SQF requirements including promotion of a strong & positive food safety culture.
    • Active involvement in implementation, upkeep, and continuous improvement of food safety as part of an interdisciplinary team.

    Salary: $120,000 - $150,000 per year

    Qualifications:

    • Bachelor's Degree in Accounting.
    • 5+ years cost accounting experience in a process manufacturing environment.
    • Must have CPA or plan to attain upon hire.
    • Experience working in a food manufacturing environment (handling yield variances, disposal of perishable ingredients, inventory reconciliations, etc.).
    • Comprehensive understanding of general and cost accounting principles.
    • Experience with working within ERP on both finance and cost/operations modules.
    • Able to solve practical problems and deal with a variety of sometimes stressful situations.
    • Computer hardware and software, including: Microsoft Office (Windows, Excel, Word); cost tracking software, internet use and innovation.
    • Able to learn other software, if required, with company-provided training.
    • Strong communication skills, able to present financial information in a meaningful understandable way.
    • Good team building skills including trust, professionalism, and ability to garner consensus across diverse groups.
    • Self-motivated and able to work independently and collaboratively and strong organizational skills are essential.
    • Detail oriented, able to accomplish multiple tasks within the agreed-upon timeframes through effective prioritization of duties and functions in a fast-paced environment.
    • Able to work in a time-sensitive and high-volume environment.
    • Independent thinker.
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