We are seeking a detail-oriented and analytical Accountant to manage the financial operations of our food processing plant. The ideal candidate will possess a robust understanding of cost accounting principles, inventory management, and compliance requirements specific to the food manufacturing industry. You will play a key role in tracking production costs, analyzing operational efficiency, and ensuring the financial health of our manufacturing operations.
Key Responsibilities
1. Financial Reporting & Analysis:
- Management Reporting: Prepare daily, weekly, and monthly operational and financial reports for plant management (e.g., production cost reports, efficiency reports, gross margin analysis).
- Budgeting & Forecasting: Assist in the development of the annual operating budget and periodic forecasts for the plant.
- Profitability Analysis: Analyze product line profitability and provide insights to support strategic decision-making.
2. Cost Accounting & Management:
- Cost Analysis: Calculate the cost of goods sold (COGS) for individual products,
including raw materials, direct labor, and manufacturing overhead.
- Standard Costing: Develop, maintain, and update standard costs for all finished goods and raw materials. Analyze and report on variances between standard and actual costs.
- Yield Analysis: Monitor and report on production yields, identifying variances and working with production managers to investigate causes (e.g., waste, shrinkage, machine efficiency).
- Overhead Allocation: Accurately allocate manufacturing overhead to products using appropriate drivers (e.g., machine hours, labor hours).
3. Inventory Management & Control:
- Inventory Valuation: Manage inventory accounting using appropriate methods (FIFO is common due to perishability). Perform regular inventory reconciliations.
- Perishable Goods Tracking: Implement and monitor controls for tracking raw materials (e.g., produce, meat, dairy) with limited shelf lives to minimize obso