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Lead Cost Accountant

2 months ago

Niles, Illinois, United States Rich Products Full time
Company Overview

Rich Products Corporation, a family-owned enterprise, is committed to inspiring culinary possibilities. Our extensive range of products, from cakes and icings to pizzas and appetizers, is utilized in homes, restaurants, and bakeries globally.

Beyond exceptional food offerings, we provide valuable insights to help our clients remain competitive, regardless of their scale. Our diverse portfolio includes innovative solutions designed for food industry professionals across foodservice, retail, in-store bakery, deli, and prepared foods sectors.

With operations in 100 locations worldwide and annual revenues surpassing $4 billion, Rich Products stands as a global leader, emphasizing the potential of family-driven initiatives.

Position Overview

As a Senior Cost Accountant, you will play a crucial role in supporting the precise development, maintenance, and financial reporting of manufacturing costs for our division, which encompasses two distinct processing facilities, adhering to established financial guidelines.

Key Responsibilities
  • Establish direct and indirect standard costs for products, covering materials, labor, and manufacturing overhead.
  • Conduct necessary system updates to incorporate new raw material items and finished products.
  • Analyze PPV reports and investigate purchases to ensure accurate reporting.
  • Regularly update standard material costs on a monthly or quarterly basis.
  • Generate timely cost variance reports and provide recommendations or take necessary actions.
  • Collaborate with operational management to enhance controls, accuracy, and quality of manufacturing costs while addressing significant variances.
  • Examine and report on inventory variances for raw materials and finished goods.
  • Prepare precise cost estimates for new or existing products upon request.
  • Engage in the monthly fiscal accounting closing process, including journal entry preparation and operational statement distribution.
  • Contribute to cost analysis related to the annual budgeting process.
  • Complete bank and balance sheet reconciliations as assigned.
  • Assist in preparing audit lead schedules and the annual audit package.
  • Work with the plant team to manage capital expenditures within budget.
  • Occasional travel may be required.
Qualifications
  • Bachelor's degree in Accounting or Finance.
  • Experience in cost accounting within a manufacturing setting.
  • Familiarity with GAAP and ethical standards related to confidentiality and fiduciary duties.
  • Prior experience with SAP financial software is advantageous.
  • Exceptional interpersonal and communication skills, both verbal and written.
  • Strong computer skills, with proficiency in Windows and MS Office Suite (Excel, Word, PowerPoint).
Compensation

The compensation range provided is a reasonable estimate for this role, with actual amounts varying based on experience, knowledge, skills, abilities, and other non-discriminatory factors.

Rich Products Corporation is dedicated to a policy of Equal Employment Opportunity and will not discriminate against any applicant or employee based on legally recognized protected bases.