Senior Cost Accountant

3 weeks ago


King of Prussia, Pennsylvania, United States TerrAscend Full time
About the Role

We are seeking a highly skilled Senior Cost Accountant to join our team at TerrAscend. As a Senior Cost Accountant, you will be responsible for providing weekly and monthly support with a focus on cost accounting, inventory valuation, balance sheet and P/L reconciliation, and process improvement.

Key Responsibilities
  • Assist the Accounting Managers in driving the Month-End Close process for multiple entities.
  • Participate and at times supervise daily accounting department tasks.
  • Prepare and/or review appropriate ledger entries and accruals, with a primary focus on cultivated and manufactured inventory, and related costs of production.
  • Ensure completeness and accuracy of all assigned balance sheet and profit/loss accounts, databases, and files.
  • Collaborate with the Accounting Managers, accounting team, and other internal departments to design, document, implement, and monitor processes that establish controls, ownership, and accountability of involved parties related to costs of production.
  • Perform ad hoc analysis and projects as requested, including the implementation of new ERP system (Epicor/Wherefour).
  • Work closely with the Accounting Manager, Controller, Parent Company Accounting Group, external auditors, and tax accountants during quarter and year end close to support reporting & regulatory requirements and provide financial commentary and supporting schedules as requested.
  • Plan, study, and collect data to determine costs of business activity such as raw material purchases, labor, and overhead expenditures which directly affect the company's financial operations.
  • Review and provide analysis of significant variances of actual to standard manufacturing costs and make recommendations for improvement.
  • Make estimates of new and proposed product or service costs.
  • Recommend cost efficiencies to senior management and execute agreed upon directives.
  • Review and provide input and justification for new manufacturing equipment capital expenditures.
  • Develop and deliver management with reporting and analysis of manufacturing efficiency performance, specifying and comparing factors affecting profitability of products or services.
  • Analyze as needed changes in product packaging design, raw materials, manufacturing methods, or services provided, to determine effects on costs.
  • Analyze and make recommendations as to inventory content.
  • Drive continuous improvement programs to reduce product costs through interaction with Operations.
  • Support all accounting month end and year end processes, completing required journal entries and analysis as required.
  • Support close process in other ways as assigned and required.
  • Compile and develop information to be used in operating budget preparation, including material costs, labor costs, and overhead spending costs by P&L line item.
  • Set up all new standard costs or changes to existing standards.
  • Develop components, finalize, and roll out standards at quarter end, including verification of all purchases costs, routings, bills of materials, labor rates.
  • Develop recommendations for establishing direct labor and factory overhead rates by product category.
  • Responsible for designing and implementing robust procurement and inventory management controls, including inventory accuracy/valuation, assisting with balance sheet reserves, and other items as appropriate.
  • Monitor effectiveness and make recommendations as to effectiveness of controls in cost accounting system.
  • Develop and install new cost accounting systems or components as needed.
Requirements
  • Bachelor's degree with a concentration in business or accounting, CPA preferred.
  • 3+ years of progressive accounting experience, public accounting experience, as well as corporate accounting experience preferred.
  • Manufacturing and Cost Accounting experience required.
  • Knowledge of U.S. GAAP as it relates to inventory.
  • Experience or exposure to all areas of accounting, including but not limited to accounts payable, accruals, reserves, and inventory valuation.
  • Comprehensive understanding of the principles of inventory manufacturing processes, retail sales processes, sales and use tax, and public company audit compliance.
  • Experience working in a highly computerized environment and processing financial transactions using and/or implementing an enterprise resource planning (ERP) system and/or accounting software, Epicor and Wherefour experience preferred.
  • Advanced Microsoft Excel skills.
  • Self-starter that places an emphasis on accuracy, completeness, and work product ownership, with the ability to prioritize and complete tasks with competing deadlines.
  • Professional written and verbal communication with multiple levels and departments.
  • Analytical, detail-oriented, and honest.
What We Offer
  • Employee Discount (all employees eligible).
  • Paid Time Off.
  • Health, vision, and dental insurance (with telehealth option).
  • 401k with 4% company matching (100% vested immediately).
  • Employee Assistance Program.
  • Paid Parental Leave.
  • Life Insurance.
  • Short & Long Term Disability.


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