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Cost Accounting and Pricing Manager ( Food Manufacturing )

Coregistics • Elgin, IL • 3h ago

Elgin, IL (http://maps.google.com/maps?q=1111+Bowes+Road+Elgin+IL+USA+60123)

Description

Title: Cost Accounting and Pricing Manager ( Food Manufacturing )

Location: Elgin Illinois

Shift(s): 8a-5p

Internal/External posting:

AI Applicant Screening used:

Salary Range: $130,000-$140,000

Bonus Eligibility: Discretionary, Not Guaranteed

POSITION SCOPE:

The Cost Accounting and Pricing Manager leads financial analysis, standard product costing, pricing models, and product-line profitability strategies. This role bridges financial reporting, commercial sales, and shop-floor production by overseeing data synchronization betweenNetSuite ERPandNulogy Shop Floor / Co-Pack systems. The manager identifies margin-improvement opportunities, evaluates pricing strategies, tracks manufacturing variances, and delivers SKU and customer-level profitability analysis to maximize overall business margins.

REPORTS TO:VP of Financial Planning and Analysis ( FP&A)

ESSENTIAL ACCOUNTABILITIES:

Product Costing Management:

Manage product BOM and establish and update standard costs for raw ingredients, packaging, and labor in NetSuite and Nulogy.

· Analyze daily and monthly manufacturing variances, focusing heavily on direct and indirect labor variances, material variances, line productivity, yields, and scrap across all assigned locations.

· Partner with regional plant production managers to identify root causes of yield variances using Nulogy real-time manufacturing logs.

· Audit and make recommendations to refine and optimize product formulations, bills of materials (BOMs), and processing routings.

· Analyze and understand indirect manufacturing costs and capacity utilization for cost allocation purposes.

Pricing Management:

Develop, maintain, and approve data-driven customer and product pricing models for new and existing product introductions and custom co-packing requests.

· Analyze the financial impact of raw material and ingredient commodity price fluctuations on existing product pricing, including customer and SKU purchase price variance (PPV) true-ups.

· Provide financial models and margin impact analysis to the VP of FP&A during customer RFPs and contract negotiations.

· Review and monitor customer and vendor agreements to ensure the commercial terms are consistent with pricing models and invoicing.

Profitability Management:

Lead comprehensiveSKU profitability analysisto identify low-margin or loss-making product lines.

· Conductcustomer profitability analysis, evaluating net margins after factoring in new material and indirect costs.

· Deliver variable contribution margin and gross margin performance reports.

· Maintain and prepare management reporting that sets forth informative KPI's at the customer and SKU level and bridges those results to the company's budget and pricing models.

· Identify margin variances and work with sales, operations, and supply chain personnel to take corrective action.

· Support theVP of FP&Ain preparing the multi-facility annual manufacturing budget and quarterly corporate forecasts.

Additional Key Responsibilities:

ERP System Oversight and Maintenance:

Serve as the finance owner for data alignment betweenNetSuite(financial sub-ledger) andNulogy(production execution) across multiple plants.

· Oversee daily/weekly inventory reconciliations between NetSuite and Nulogy to eliminate multi-site inventory variances.

· Audit Nulogy production logs across facilities to ensure accurate consumption of raw ingredients, packaging material, and labor routing steps.

Requirements

Education & Experience

Bachelor's degree in Accounting, Finance, or a related field.

·Required:5-7 years of progressive experience in cost accounting, pricing, or commercial financial analysis.

·Required:Experience working directly within a food manufacturing, beverage, or perishable goods environment.

· At least 1-2 years of experience in a supervisory, team-lead, or project-management capacity.

Location & Travel Requirements

Required: Ability to report on-sitedaily to the Elgin, IL facility.

· Ability to occasionally travel to regional manufacturing facilities as required.

Certifications

Preferred: Certified Public Accountant (CPA) or Certified Management Accountant (CMA).

Technical Skills:

Preferred: Hands-on experience working withNetSuite ERPandNulogy software.

· Advanced Excel capabilities (macros, power query, complex formulas for price/volume/mix analysis).

· Experience building data visualizations for plant operations and sales margins in Power BI or Tableau.

Interpersonal Skills:

Ability to present complex financial and pricing concepts to executive teams, plant operations, and corporate sales teams.

· Self-motivated leader comfortable handling large, unstructured production and commercial datasets across multiple sites.

· Strong attention to detail regarding yield calculations, product shelf-life risk, and customer contract terms.

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