Milk Accounting Specialist
3 days ago
Upstate Niagara Cooperative, Inc. is seeking a skilled Milk Accounting Associate to join our Membership Division. This role is crucial for maintaining accurate milk weight records, processing milk component tests, handling hauler payments, and supporting our membership functions.
Key Responsibilities:- Weight Reconciliation: Maintain and assign purchased milk tank numbers as needed. Balance pounds with dealers bimonthly and purchased pounds with outside suppliers. Verify the accurate input of pounds into appropriate tanks and validate tank calibration charts in the system.
- Milk Component Tests: Accumulate, process, and input outside supplier tests as they are received. Distribute market summary reports to all receiving plants and provide reports to Federal and State regulators. Supply the Membership accounting staff with required advance and final reports.
- Hauler Payments: Calculate hauling pool and member hauling deductions. Process and mail hauler advances and final payments, including preparing hauler tax forms.
- Membership Duties: Maintain member history in the system, including pounds, gross dollars, and premiums. Update the membership system with information from internal producer notices. Prepare equity forms for ownership changes and new members. Facilitate Section 199-A deduction member mailings as directed by Corporate Finance. Monthly distribution of BTU reports to receiving plants for member and purchased milk.
- Equity: Calculate and process equity statements, year-end proceeds, and excess payment checks for active members. Process checks for inactive members and collaborate with Corporate Finance on equity projections at year-end.
- Member Website: Maintain member login and password information for accessing quality data (details to be confirmed with the new system).
- Other Responsibilities: Prepare and file 1099-PATR tax forms. Respond to audit information requests from regulatory and financial auditors. Proofread various division documents, including member change forms, newsletters, and annual reports. Attend cooperative committee meetings and delegate meetings as needed. Perform other projects and duties as assigned.
- Bachelor's degree in Accounting, Finance, or a related field preferred.
- Previous experience in a similar role or in the agricultural sector is a plus.
- Strong analytical skills with attention to detail.
- Proficiency in Microsoft Office Suite and familiarity with data management systems.
- Excellent organizational and communication skills.
- Competitive salary and benefits package.
- Opportunities for professional growth and development.
- A collaborative and supportive work environment.
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