Cost Accountant

Company: Lief Labs
Location: Simi Valley
Posted on: November 17, 2022

Job Description:

Lief Labs is a premier formulation and product development innovator and manufacturer of dietary supplements. Our in-house Product Development and R& D team creates the best tasting and most cutting-edge formulations of supplements. Lief also houses a state of the art, full-service Current Good Manufacturing Practice (cGMP) manufacturing facility, which offers custom solutions for a multitude of supplement categories. Lief collaborates with entrepreneurial firms to help them build premier brands. Our turnkey solutions allow us to engage in seamless partnerships that help brands with scalability and sustainable growth. The company is based in Valencia, CA.SummaryReview, analyze, track, inventory and reconcile stock variances; provide management withmonthly inventory reports. Assist in developing cost accounting procedures. Oversee the preparation and analysis of cost reports and monthly closing documents.Responsibilities Manage the annual standard cost development process. Analyze the actual costs and preparing periodic reports comparing standard costs to actual production costs. Provide cost information for updating ERP (SAP by Design/Teridot). Identify monthly material consumption, WIP quantity, labor cost, OH for processing production month end closing and book monthly COGS JEs. Coordinate the monthly closing with accounting team monthly insuring correct results with minimal adjustments; Generate general ledgerentries; Prepare monthly financial reporting (CIP, PPV) and balance sheet reconciliations (inventory, liabilities); Provide information forweekly flash reports (when established); Prepare additional analysis as required to explain and summarize financial activity. Prepare inventory movement and COGS substantive analysis. Prepares monthly roll forward of fixed assets and related accumulated depreciation accounts and reconcile GL balance and sub ledger. Track the compilation of project costs into fixed asset accounts, close out those accounts once the related projects have been completed. Manage physical inventory, cycle count program, and fixed asset inventory. Insure that proper financial controls exist in Inventory, Fixed Assets, and Requisition to Payment. Insure that all tasks are performed in compliance with internal controls and the Code of Ethics. Maintain cost accounting system. Make enhancements to financial systems as business needs change to support our internal customers. Provide support as required for system implementations and upgrades. Additional duties as assignedMinimum Qualifications:Undergraduate degree in Accounting; CPA, CMA, or MBA preferred.Knowledge Five or more years work experience in a related job or company; Prior experience in Manufacturing Cost Accounting desirable; Prior experience with ERP software systems a plus. Special Skills: Demonstrated analytical proficiency; Posses the ability to understand and correlate complex business issues into simple cause and effect explanations; Excellent formal and informal written and oral communication skills; Willingness to be held accountable for producing accurate information and to perform tasks by the highest ethical standards Specialized Training: Expert command of standard MS Office Applications - Excel, Word, Powerpoint, Outlook.Skills/ AbilitiesPerform quality work within deadlines with or without direct supervision. Interact professionally with other employees, customers and suppliers. Work effectively as a team contributor on all assignments. Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations. Problem Solving Creative thinking skills Planning & organizing VerbalCommunication Written Communication Relationship Management Ability to interact at all levels Ability to work as a team member Flexibility/ adaptability/ multi-tasking Ability to analyze, troubleshoot and perform repairs Excellent verbal/written communication and customer service skills Exposed to various raw materials, including allergens (i.E. milk, eggs, fish, shellfish, tree nut, peanuts, wheat, soy).Physical Demands:Must be able to see, hear, speak and write clearly in order to communicate with employees and/or other customers; manual dexterity required for occasional reaching and lifting of small objects, and operating office equipment. Travels as required to meet accountabilities.The employee must occasionally lift and/or move up to 10-50 pounds and be able to use appropriate support equipment to lift and move greater amounts. Must be able to stand for approximately 8 hours.Must be able to work independently, in a team environment, and drive projects to solution.Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. Employee is required to use properly use such safety equipment as is appropriate to the work to prevent injury to self or others.The office is clean, orderly, properly lighted and ventilated. Noise levels are considered low to moderate. Field conditions vary.Exposed to various raw materials, including allergens (i.E. milk, eggs, fish, shellfish, tree nut, peanuts, wheat, soy).Lief is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact Lief Human Resources department.Lief will consider for employment-qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring.

Keywords: Lief Labs, Simi Valley , Cost Accountant, Other , Simi Valley, California