Director of Cost Accounting

2 weeks ago

Henderson, United States Talentrust Full time

About Designs for Health

At Designs for Health, we are driven by a higher purpose. We are activists for health-rooted in and united by science. Transforming boundaries, breaking barriers, setting new standards, disrupting the status quo.

We believe in science-based nutrition and natural medicine, developing health products without compromise, and advancing the way education and technology support wellness for all.

We will keep discovering. We will keep connecting. We will keep fearlessly advocating for the greater good. So that one-day, natural medicine and the science of nutrition stand at the forefront of the healthcare landscape.

Here, holistic thinking comes first. Functional medicine becomes conventional medicine. Supplements and lifestyles converge. A wellness epidemic begins. We design a new paradigm.

We design a well world.

Position Overview

The Director of Cost and Manufacturing Accounting reports directly to the Chief Financial Officer and plays a crucial role in overseeing and optimizing the company's cost accounting and manufacturing processes. This person in this role is responsible for developing and maintaining a robust system of standard costs, implementing controls over manufacturing processes and systems, partnering with Operations management to identify opportunities for cost savings and improved efficiency, and ensuring accurate and timely financial reporting related to manufacturing operations.

Supervisory Responsibilities (indicate yes or no) •Yes - 1 direct report

Essential Job Duties

Cost Accounting Develop and manage a comprehensive system of standard costs for raw materials, labor, and overhead, across the entire product suite. Collaborate with cross-functional teams to gather relevant financial data and ensure accurate cost allocation and pricing strategies. Conduct regular cost analyses to identify and quantify variances, measure production efficiency, assess trends, and provide insights for cost optimization. Conduct annual review of standard cost assumptions across all products, including detailed review of batch sizes, run times, and capacity, and making adjustments where appropriate.

Manufacturing and Distribution Controls Implement and enhance internal controls over manufacturing and distribution processes to safeguard company assets and ensure compliance with regulatory requirements. Work closely with the operations team to identify and address operational inefficiencies and cost drivers. Establish and monitor key performance indicators (KPIs) related to manufacturing and distribution efficiency and cost-effectiveness. Establish guidelines and coverage expectations for inventory cycle counting program. Oversee the execution of cycle counts to ensure adherence to these guidelines. Oversee execution of annual physical counts for all classes of inventory. Analyze root cause for material book-to-physical differences and make recommendations for improvement.

Financial Reporting Oversee the preparation of accurate and timely financial reports related to manufacturing and distribution activities. Lead month-end close process related to manufacturing and distribution activities, ensuring that all activity is accurately reflected in the proper accounting period, in accordance with US GAAP. Oversee reconciliation of all balance sheet accounts related to manufacturing and distribution activities, including but not limited to inventory, vendor payables (including unbilled receipts), and accrued expenses. Calculate monthly quantification of capitalized variances and maintain detailed reconciliation of capitalized variance inventory asset. Develop insightful monthly reports of all variances (manufacturing, purchase price, material usage, etc) and share with Operations management Support year-end audit by responding to inquiries concerning assigned areas and providing requested supporting documentation. Assist in the resolution of audit findings.

Other Continuously identify opportunities for process improvement within the manufacturing and distribution functions and implement best practices to improve efficiency and reduce costs. Support the development of annual budgets and periodic forecasts. Provide guidance and mentorship to junior members of the finance team.

Qualifications Bachelor's degree in Accounting, Finance, or a related field; CPA or CMA designation is a plus. Minimum of 8 years of progressive experience in cost accounting in a manufacturing environment, with at least 3 years in a leadership role. Strong understanding of manufacturing processes and cost structures. Proven experience in developing and managing standard cost systems. Excellent analytical and problem-solving skills. Solid knowledge of accounting principles and regulations. Exceptional communication and interpersonal skills. Proficient in accounting software and Microsoft Excel. Detail-oriented with a high level of accuracy. Ability to work independently and collaboratively in a fast-paced environment.

Compensation $130k-$180k annually- plus 20% annual bonus (no sales tax in Nevada) 100% company-paid medical insurance premiums for employee + children. 100% company-paid life insurance benefits. 100% Company-paid short term and long-term disability insurance Company funded Health Reimbursement Account. 401K plan with company-match up to 4% after the first year of employment. Generous employee discount for company products for personal use. Flexible spending account (FSA) for medical or dependent care $600 month supplement allowance

All qualified applicants will receive consideration for employment without regard to protected veteran status, disability, race, color, religion, sex, sexual orientation, gender identity, or national origin. #J-18808-Ljbffr

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