Senior Cost Accountant

SCN BestCo Inc. is a privately-held manufacturer located and operated in Mooresville, North Carolina. SCN BestCo Inc. is known industry-wide as a leading developer and marketer of innovative, consumer health care products for retailers and marketers of OTC drug products and dietary supplements. SCN BestCo Inc. specializes in manufacturing solid dose lozenges, soft chews, and other confectionery-based delivery forms of consumer healthcare products for both private label and contract manufacturing partners. SCN BestCo Inc. combines nearly a century's worth of confectionery experience with emerging consumer healthcare insights to create unique products for our customers. SCN BestCo Inc. strives to be a pioneer and innovator in the field of confectionery delivery forms of OTC drugs and dietary supplements.

SCN BestCo Inc. is currently searching for a Senior Cost Accountant at our Mooresville, North Carolina facility

Position Summary: Responsible for reporting and analyzing manufacturing costs and variances versus the standard. This position plays a key role between finance and manufacturing, ensuring any issues are both reported and an action plan is created to remedy the problem. This position will be involved in a broad range of duties and areas including: manufacturing, finance, sales, budgeting, new product development, quality, capacity, etc.

Essential Duties

• Act as the liaison between finance and operations; included but not limited to:
  • Responsible for assisting in the design and tracking of Key Performance Indicators for Operations departments. Including all required supporting schedules and reconciliations.
  • Prepares required daily/weekly/monthly reporting requirements for direct labor.
  • Reviewing inventory transactions and communicating on a timely basis to allow managers to make adjustments in a timely manner.
  • Directs and coordinates information to determine cost of operations for conversion cost, waste, inventory, labor, and overhead cost centers.
  • Work with production managers to help explain labor variances to determine causes and corrective actions
• Be the lead in the deep dive review of month-end close to analyze and identify root cause of variances in direct/indirect labor, price variance, material usage variances and overhead.
• Develop new product costing estimates for new and existing products.
• Serve as a lead in helping utilize SAP and PowerBI for analysis and reporting.
• Works with sales to ensure billing rates for new product billings accurately reflect project costs to ensure costs are recovered and billed appropriately.
• Assist in developing a process to track capital projects actuals vs. budgeted returns.
• Assists with annual cost roll; reviewing labor and overhead changes:
  • Load, test, and analyze impact of standard cost roll on future year budget.
  • Update standards for labor efficiencies and rates based on information from the operations audit as well as temporary rates and labor matrix.
  • Test and review standard cost roll, research irregularities, make necessary changes and finalize results.
• Assist in the budgeting process, including but not limited to:
  • Review of labor & overhead for existing and future product lines.
  • Review of Overhead spending for actuals vs. future budget
  • Capacity planning
  • Capital Planning/Forecasting, including assisting with payback analysis of productivity projects
• Assist in other ad-hoc reporting requests as required by other reporting entities
• Act as the primary resource for manufacturing ad hoc reports, special projects including Continuous Improvement/Lean Guiding Coalition initiatives and for investigating inventory as well as manufacturing constraints.
• Assist in the management of projects related to budgeting, audit, capital requests, and plant initiatives.
• Work with the Inventory Control Coordinators to ensure cycle counts are completed and accurate at all facilities.
• Work with auditors on inventory inquiries.
• May perform other duties as required.

Knowledge and Skill Requirements

• Experience in a manufacturing environment is preferred
• Knowledge of cost accounting processes and principles for compliance to GAAP standards.
• Experience in standard cost principles for manufacturing organizations.
• Knowledge and experience with ERP Systems.
• Basic understanding of overhead budgets and standard cost budgeting, including understanding of absorption of overhead into inventory.
• Proficiency in Excel (advanced skills), Word, and PowerPoint.
• Skills and knowledge of software platforms, analytical abilities, communication skills, and project management skills.
• Must have ability to effectively interface with plant and corporate office personnel.
• Must be able to effectively work as part of a team in a fast-paced environment and handle multiple assignments simultaneously.

Ability to:

• Spend time in the plant learning about the process and how labor/ material is used in each process
• Initiative to challenge current process and work with a team to create improved processes
• Successfully multi-task and prioritize duties
• Communicate effectively both verbally and in writing to all company levels
• Read, analyze and interpret company policies, general business periodicals, professional journals, technical procedures or government regulations
• Effectively present information and respond to questions from groups of managers at the plant and corporate level
• Define problems, collect data, establish facts and draw valid conclusions

Education and Experience

Required:

• Bachelor's degree (B.S.) in Accounting/Cost Accounting from an accredited University and minimum of 5 years of experience in cost accounting.
• Knowledge of cost accounting principles
• Experience in a fully integrated ERP system (SAP, Dynamics, Oracle, or NetSuite, etc.)
• Advanced excel skills including pivot tables, graphs and formulas (sumif, vlookup, if, iferror, text, and/or, concatenate, etc.)

Preferred:

• PowerBi or other data analytic tool
• Experience with general ledger and fixed assets
• Experience in a manufacturing environment
• Certified Management Accountant (CMA) certification