Senior Cost Accountant
About this role
The seat
You own standard cost and the consolidated inventory number across both brands, Hammond's Candies and Lolli & Pops. This is the first true cost-ownership seat in the company. You set the cost basis under every unit we make in production and every order we ship to wholesale and ecomm, roll it up to one consolidated cost and inventory position, and give leadership a clean read on margin by product and by account. Senior individual contributor, technical owner of the cost function, reporting to the VP Corporate Controller.
First 90 days (your first rock)
Rebuild the cost allocation off the fixed percentage onto real drivers, across both brands, and hand the staff accountant a driver-based allocation to book. Today cost is reclassed on a fixed percentage set in 2023. You will stand up standard costs tied to actual usage, rates, and mix, rebuild inventory valuation on those drivers, so your margin numbers are accurate again.
What you will own
● Prepare and book the monthly consolidated cost and inventory close, and reconcile inventory to the GL.
● Own, update, and maintain the driver-based cost allocation model and methodology across both brands. Provide the allocation for booking; set the cost standards the function follows.
● Build and maintain standard costs across manufacturing and wholesale.
● Value inventory and analyze purchase price and usage variances against actual drivers, at the consolidated level.
● Report wholesale margin by account, net of freight and trade deductions, and explain the movement.
● Cost the supply chain that serves wholesale and ecomm: inbound and outbound freight, warehouse and handling, fulfillment and platform fees. Report landed margin by channel.
● Consume PO and receipt data to explain variance.
● Eliminate inter-company cost and margin between the two brands in the consolidated numbers.
What we require
● Five or more years in accounting, including a month-end cost and inventory close you personally owned and rolled to a consolidated number.
● Direct experience building and maintaining standard costs at a manufacturer, food, CPG, wholesale, or multi-channel (wholesale and ecomm) company.
● A track record of doer work: prepared, booked, reconciled, valued, closed, analyzed variances.
● Strong US GAAP.
● Comfort working independently in a lean function.
Preferred
● CPA.
● Master's in accounting.
● Audit firm experience early in your career.
● Sage.
Where this goes
This seat is built to grow. As you prove out the cost model, the path opens to leading the cost function. We want someone who wants to own it and build from there.
Relocation
If candidate is not Denver-based, company may offer relocation
Company at a glance
We believe candy is so much more than candy.
It has the power to say thank you, I love you, I celebrate you. It can even express what’s impossible to say… At its core, candy is a delicious treat. At its heart, candy Spreads Joy and Bits of Optimism
That joy starts with the process of creation. Our thoughtfully curated gifts and indulgences are unique, delicious, unmatched in quality, and sourced from around the globe. Walking into one of our stores or shopping online is inviting and exciting, filled with high-quality products and eye-popping choice designed to inspire our guests and offer endless possibilities.
When a client buys a box of truffles or fills a bag or curates a box, they transform into a Dreamer, a Creator, a Giver. We’re here to empower their process of creation so they can spread versions of joy in their own unique way. We also want our customers to embrace the freedom to indulge in a bit of self-care, as it’s important to remember to be a Giver to ourselves.
Our mission is to create experiences that wow our guests by offering bits of optimism along the way. Our candies and chocolates and treats come with positive affirmations, encouraging bits of bravery, strength, hope, kindness, and other powerful words we need to hear each day. Generosity is essential to who we are, and we’re committed to delivering generous gestures and good surprises to each and every one of our clients, one ooey gooey bit at a time.
We’re suckers for our clients, and we’ll bend over backwards, sideways and upside down to help make their day better than it was before. We want to help our guests say thanks, express their love, celebrate life, and create memories for the day, or for a lifetime.
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