Senior Cost Accountant

Magnolia Bakery opened our first location on a quiet street corner in the heart of New York City’s West Village in 1996. From then to now, Magnolia Bakery has grown to become a globally famous, locally loved retail bakery and desserts brand. With locations in New York City, LA and Chicago, a nationwide e-commerce and wholesale business, international locations in the Middle East and Southeast Asia, and an emerging Grocery business in the US, Magnolia Bakery's whimsical spin on classic, American desserts is now in every neighborhood.

Job Title: Senior Cost Accountant

Position Summary: The position is responsible for Magnolia Bakery’s cost accounting and inventory management. The ideal candidate will be a highly motivated and experienced Cost Accountant with an understanding of NetSuite ERP and a proven track record of success within a manufacturing environment; and a passion for leveraging NetSuite to streamline financial processes and drive financial decision-making. This role will be involved with month end close, PO resolutions and timely receipt of TOs, SOs and POs.

Range: $85,000-$100,000

Reports to: Controller

Principal Duties:

Company and Department Collaboration

Work with Controller in reporting and managing inventory.

Work with Finance Managers and Supply Chain team to ensure proper costing of inventory.

Support Commissary, Retail Bakeries and CPG teams in recording inventory and resolving inventory discrepancies in NetSuite, including BOMs.

Collaborate with Supply team to resolve inventory discrepancies in ERP system.

General Accounting

Monitor the cycle count program and conduct physical inventories.

Design a cost accounting system and manage the documents and records of the organization.

Plan projects and collect data to determine costs of business activity such as raw material purchases, inventory, and labor usage, waste.

Perform month end close activities related to cost accounting, including inventory reconciliation to general ledger.

Develop and maintain standard costs of finished goods and production components in NetSuite.

Maintain and improve processes and controls associated with manufacturing costs and inventory valuation.

Troubleshoot inventory variances between physical count and reports.

Lead and manage the quarterly excess and obsolete inventory review process.

Ensure validity and accuracy of NetSuite through analysis, internal audit and coordination with inventory control, production and work order processing.

Assist in developing and documenting policies and procedures, including system requirements and internal controls.

Collecting and analyzing data about a company’s operational costs.

Support audits and general ledger preparation. Back up (and overflow assistance) in Invoicing and three-way match (as long as we can implement approval process in NetSuite)

Leverage ERP system to maintain and monitor accurate inventory across all locations.

Assist in Reconciliations from 3PLs and Consigned inventory to Subsidiary/Valuation schedule, as applicable (within 3-5 business days)

Reporting

Perform Cost Analysis and BOM Analysis.

Ensure accurate and timely tracking of manufacturing costs, overhead expenses, and product margins

Education & Experience

Required:

BA in Accounting or Finance

Experience with ERP in a manufacturing environment

Experience with cost accounting

Experience in an omnichannel company

3 + years professional experience minimum, especially with inventory

Organized with good time management skills

Strong grasp of GAAP accounting and general accounting concepts

Extremely strong Excel skills, especially advanced modeling and analytical techniques

Strong focus on accuracy and attention to detail

Excellent communication and interpersonal skills

Willingness to establish and maintain effective working relationships

Preferred:

Hands on NetSuite experience

Food industry experience a plus

Ability to motivate and maintain effective working relationships with staff and partners

Organized with good time management skills

5+ years experience in Accounting, Cost Accounting

Experience with NetSuite in a manufacturing environment

Strong organizational and analytical skills

Salary Range

$85,000—$100,000 USD

Magnolia Bakery is an Equal Opportunity Employer.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

Requires grasping, writing, standing, sitting, walking, repetitive motions, listening and hearing ability and visual acuity.

Talking and hearing occur continuously in the process of communicating with guests, coworkers, and management.

Vision occurs continuously with the most common visual functions being those of near vision and depth perception.

Requires manual dexterity to use and operate all necessary equipment.

Domestic travel required.