Budget and Costing Manager

JOB SUMMARY: This position works closely with all levels of team members within the organization to perform cost management and budgeting responsibilities. Manage a costing team including grower accounting to ensure accurate inventory valuation, timely grower payments and standard cost accounting in accordance with GAAP. Provide variance explanations, business insights and financial analysis for multiple projects. Facilitate and prepare the annual budget and forecasting for the entire company.

ESSENTIAL DUTIES AND RESPONSIBILITIES*:

• Manage the costing accounting team and oversee the costing accounting process.
• Provide direct management to the costing team to further develop their skills and ensure accurate inventory costing.
• Ensure accuracy of general ledger and cost accounting data with bill of materials, routings, and allocations.
• Oversee the standard cost rolls, budget planning, and forecasting.
• Monitor inventory levels and implement strategies to optimize inventory turnover and minimize carrying costs.
• Performs various tasks for the monthly financial closing process including inventory, manufacturing costs, and other metrics to ensure timing and accuracy of standards and gross margins. Review and evaluate cost trends and their impact.
• Provide cost support to cross functional areas and support process improvement, standardization, cost optimization, and efficiency enhancements.
• Works closely with personnel to understand and document operational financial issues (i.e., physical inventory counts, flow of transactions and effect on financial results). Responds in a timely fashion to requests for information and issue resolution.
• Prepare financial reports and analysis; performance metrics; variance reporting; and presentations for management.
• Prepare two-annual forecasts and the next year’s budget using both D365 and Excel. Train new employees to use the budgeting system, understand the set-up in D365, and prepare the detailed Excel files to compile comprehensive P&Ls for management review. Also, assist subsidiaries with their budgeting processes.
• Monitor and analyze actual performance against budgeted targets, providing variance analysis and recommendations to management.
• Support the audit process from both external and internal auditors.
• Build a rapport with other functional leaders in SAH and support them from financial/compliance aspects and help them improve performance and achieve the company’s overall goals.
• Establish and monitor proper internal controls for cost accounting cycle to comply with SOX/J-SOX requirements.
• Demonstrate high work ethic and motivate staff by your own dedication and execution.
• Demonstrate uncompromising integrity and promote it for the company.
  
  

Required Knowledge/Skills/Abilities

• Must have strong analytical, communication, and computer (IS) skills.
• Must have extensive knowledge of accounting principles, and other compliance requirements.
• Must have solid understanding and experience in production costing (seed industry experience is big plus) and inventory valuation using standard cost methodology.
• Must understand audit procedures including statutory financial audit, internal control testing (SOX/J-SOX) and internal audit.
• Must be able to pay attention to detail and execute multiple tasks under pressure.
• Ability to manage stress especially when encountering necessary projects, deadlines and/or high workload.
• Microsoft D365 experience a plus.
  
  

Educational Requirements

• Bachelor's Degree in Accounting or Business Administration equivalent study. MBA preferred.
  
  

Experience And Background

• 5+ years’ experience in costing and/or budgeting.
• 3+ years supervisory experience is necessary.
  
  

Certificates, Licenses, Registration

• Certified Public Accountant or related certification is a plus.
  
  

Working Conditions/Physical Demands

• Sporadic business trips (not extensive) for both domestic and international may be required.
• Must be able to sit at a computer terminal for extended periods of time.
  
  

Compensation & Benefits

• Salary: $120,000 - $140,000 per year
• Medical, Dental & Vision Insurance coverage for employees and their families
• Basic Life & AD&D Insurance
• 401k program with company match
• Profit Sharing program (via 401k)
• Holiday & Performance Incentive Bonus program
• Paid Vacation: 10 days per year to start, increases with tenure
• Sick Leave: 1 hour accrued per 30 hours worked for first 30 days, 6.67 hours per month after.
• 14 paid company holidays, 2 floating holidays & birthday off
• Paid Family Leave: 15 days after 12 months of service for FMLA qualifying events
• Company provided EAP
• Company provided subsidy for health/fitness clubs & apps
• To perform this job successfully, an individual must be able to perform each essential duty (as described above) satisfactorily. Reasonable accommodations may be made to enable Individuals with disabilities to perform these essential functions.