Cost Analyst

Palmer Candy Company
Sioux City, IA Full Time
POSTED ON 10/1/2022 CLOSED ON 3/1/2023

What are the responsibilities and job description for the Cost Analyst position at Palmer Candy Company?

Palmer Candy is looking for a Cost Analyst.
Hours for this position are 8:00 a.m. to 4:30 p.m. Monday – Friday.
Who is Palmer Candy?
The Palmer Candy Company is a progressive, innovative, fast growing company making and selling a broad array of confections in a surprising number of markets. Nationally, we participate in almost all market segments and are one of the top suppliers in more than a few categories including bakery confections, private label bagging, bulk chocolates, and contract manufacturing.
Who are We?
The Palmer family has been making candy together since 1878! We are proud of our unique history that is highlighted by five generations of family ownership and management. As a Team, we have continued to grow together, sharing in one another's triumphs, learning from our mistakes, and enjoying more than a few good laughs. We enjoy challenging convention and achieving success by delivering to our customers outstanding service, innovative programs, and terrific products.
Why work for us?
Palmer Candy has developed a culture where we treat our Team Members like family. Palmer Candy offers a full range of benefits to our Team Members. Benefits include but are not limited to:

  • Medical Insurance
  • Dental Insurance
  • Vision Insurance
  • Company Paid Life Insurance
  • Company Paid Short Term Disability
  • 401(k) with company match
  • PTO

Overall Purpose
This position utilizes accounting and financial methods to analyze the cost of receiving, manufacturing, and shipping each product and applying that data to determine suggestions for sales prices and to review product performance.
Essential Job Functions:

  • Use data captured by the Operations Team to review the cost of manufacturing each product and analyze on a continuous basis
  • Develop and perform account and cost variance analysis
  • Collect and report financial analytics accurately
  • Assist with the development and implementation of a pricing model to be used with our customers and review/analyze the results
  • Assist with all accounting functions, including daily entries, monthly close, inventory reconciliation, preparation of work papers for third part examinations, etc.
  • Serve as the contact person for cost related questions.
  • Review profitability by product by customer and prepare analysis of actual compared to projected results
  • Assist with the implantation and maintenance of various software systems to monitor operations and financial projects
  • Assist with organizing software packages for operations
  • Assist with the preparation of capital appropriation requests, new product development/growth initiatives and cost reduction projects
  • Assist with providing and maintaining key financial metrics; and reviews operating metrics for the facility to ensure facility meeting goals and forecasts
  • Partner with the Operations Team to help identify, track, and measure continuous improvement initiatives
  • Accurately prepare various internal and external reports
  • Performs other related duties, as assigned.

Required Skills/ Abilities

  • Excellent data analytical and data mining skills.
  • Excellent organizational skills and attention to detail.
  • Thorough understanding of cost accounting principles and procedures.
  • Proficient in Microsoft Office Suite or similar software as well as accounting software.
  • Excellent verbal and written communication skills.
  • Detailed knowledge of accounting and financial reporting.

*
Education and Experience*

  • Associate or bachelor’s degree in Accounting or Business-related field
  • 3-5 years of progressive finance experience (preferably with a manufacturing company)
  • Audit experience is a plus

*
Position Type and Expected Hours of Work*
This is a full-time position, and typical work hours and days are Monday through Friday 8:00 a.m. to 4:30 p.m.

*
Other Duties*

  • *Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Job Type: Full-time

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