Cost Accountant

Job Description

Job Description

POSITION PURPOSE

The Senior Cost Accountant will use generally accepted accounting principles to ensure compliance within company financials. This position will oversee and manage costs related to inventory and operations for the company and may interact with all Reddy Ice departments and functions. This position has a direct and significant effect on the company financial records. Accuracy and completeness are critical to the proper classification and reporting of financial transactions. Senior Cost Accountant will have access to customer records, credit records, vendor records, distributor agreements, pricing information, contractual agreements, accounting and financial information, trade secrets, and extensive confidential information. May also have access to company funds or assets.

Demonstrates our “True North” attributes: voice of the customer, respect for the individual, no nonsense communication and utilization of facts, servant leadership and has a continuous improvement mindset in every facet of leadership and daily interaction. Leads, collaborates and demonstrates the lean principles and utilizes the lean methodologies and tools to facilitate continuous process improvements and value creation for our customers, employees and shareholders. Actively utilizes lean tools (VSM, Kaizen, A3, etc.) to inform and assess business opportunities to drive continuous improvement. Lead and participate in Kaizen and value stream mapping activities.

DUTIES & RESPONSIBILITIES

Responsible for inventory journal entries, reconciliations, and other functions in accordance with GAAP standards and principles, including:

• Prepare and present comprehensive monthly performance analyses for senior management and the executive leadership team.
• Manage all aspects of inventory accounting, including finished goods, raw materials, resale items, and consignment inventory.
• Process inventory‐related and COGS‐related journal entries as part of the monthly close.
• Prepare month‐end reconciliations for all inventory general ledger accounts.
• Analyze month‐end results against budget and forecast, investigate unusual variances, and identify root causes.
• Respond to questions from operations and FP&A team regarding variances.
• Lead inventory portion of annual audit requests, selections and questions.
• Create and maintain standard costs for all Reddy Ice locations, including annual revaluation.
• Participate in the development of internal controls, and continuous improvement.
• Review COGS, Gross Margin and inventory balances at month end.
• Create and analyze operational and financial reports; collaborate with department leaders to identify cost‐reduction opportunities and eliminate inefficiencies.
• Support initiatives conducted by Supply Chain and ensure accurate accounting and valuation of inventory.
• Assist the Senior Manager of Accounting with special projects, ad hoc reports, and analyses.
• Make and assume other duties and responsibilities required or assigned by management.
• Adhere to the company’s Code of Business Ethics, demonstrating honesty, integrity, and commitment to the highest ethical standards.
• Maintain high safety standards. Safety is personal for us all.

CONTACTS

Internal: Corporate team & Field Staff, Plant and Office Managers, Sales Management, Corporate Accounting Department, HR Department

External: Customers, Vendors, Professional Advisor

EDUCATION & EXPERIENCE

• A 4-year bachelor’s degree in accounting or finance. An MBA or CPA designation are preferred, but not required
• 2+ Years of cost accounting and inventory control, including standard costing and analysis
• 5+ Years of overall accounting experience
• Manufacturing industry experience preferred
• Understanding of Generally Accepted Accounting Principles
• Advanced level Excel (v-lookup, pivot tables, advance formulas, etc.), Word, PowerPoint and Outlook
• D365 experience preferred, but not required

SUPERVISORY RESPONSIBILITY

SKILLS & ABILITIES

• Strong written and verbal communication skills
• Strong analytical skills
• Ability to work independently with minimal supervision
• Self-starter willing to take the lead on projects and special requests