Cost Accountant

Socket.dev; Arden Hills (MN); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, Dental & Vision Insurance

Retirement Plan

Life Insurance

Employee Assistance Program

Short- and Long-Term Disability

Tuition Reimbursement

Paid Holidays

Scholarship Opportunity

Paid Vacation

Professional Development

Job summary

Hood Packaging Corporation in Arden Hills, MN is seeking an experienced Cost Accountant to manage costing for labor, materials, and overhead. The role focuses on analyzing cost variances, maintaining standard costing accuracy, and supporting monthly close with detailed reports.

The successful candidate will ensure data integrity in costing systems, participate in budgeting, and collaborate with Production, Engineering, and Purchasing to optimize cost performance across the plant.

Qualifications

• Degree in business or accounting with 1–3 years of MRP experience.
• Or 2-year degree with 5–7 years of MRP experience.
• Professional accounting designation or working toward one.

Responsibilities

• Act as sole custodian of the standard costing system.
• Analyze actual costs to standard costs and make recommendations.
• Calculate machine hour, direct labor, burden, and overhead rates.
• Ensure integrity of costing data.
• Manage the job close procedure to ensure timely information.
• Ensure routings and structures integrity in MFG/PRO with Product Maintenance Supervisor.
• Identify issues from product attributes and report to Manufacturing and Marketing.
• Monitor inventory accounts for irregularities and report issues.
• Assist with monthly and year-end financial reporting and budgeting.

Skills

Computer literate

Business fundamentals

Analytical skills

Excel proficiency

Detail oriented

Education

4-year degree in business or accounting

Professional accounting designation or in progress

Tools

MRP system

MFG/PRO

Job description

HOOD PACKAGING CORPORATION

Hood Packaging Corporation offers an environment that encourages innovation and delivers creative solutions for our customers!

EXCELLENT BENEFIT OPTIONS

• Medical, Dental & Vision Insurance
• Retirement Plan
• Life Insurance
• Employee Assistance Program
• Short- and Long-Term Disability
• Tuition Reimbursement
• Paid Holidays
• Scholarship Opportunity
• Paid Vacation
• Professional Development

POSITION

Hood Packaging Corporation is seeking an experienced Cost Accountant for our Arden Hills, MN location.

SCOPE OF POSITION

The Cost Accountant is responsible for calculating and tracking operating costs such as labor, raw material, overhead, inventory etc.; analyzing changes in product design, raw materials, manufacturing methods etc., to determine the effect on costs; comparing factors affecting prices and productivity; preparing ad-hoc summaries and variance reports; as well as implementing related cost accounting policies, systems and procedures.

FUNCTIONAL RESPONSIBILITIES

• Act as sole custodian of the standard costing system.
• Analyze actual costs to standard costs and make the appropriate recommendations
• Calculate machine hour, direct labor, burden, and overhead rates to be used in standard cost formulation.
• Ensure integrity of costing data.
• Manage the job close procedure within the required time frame in order to ensure accurate and timely information.
• Ensure integrity of routings and structures in MFG/PRO in conjunction with the Product Maintenance Supervisor.
• Formulate and apply transfer pricing policy as required.
• Identify problems arising from product attributes and report findings along with recommendations to the Manufacturing and Marketing departments.
• Monitor inventory accounts for irregularities and report low, excessive, or aged levels to the Purchasing Manager.
• Ensure integrity of inventory accounts through reconciliation
• Review weekly financials to uncover pending problems (solve)
• Assist in month/year end financial statement preparation.
• Assist with monthly and year-end financial reporting requirements
• Assist in yearly budget preparation and data formulation.
• Facilitate development of others within the department
• Backup certain Controller functions as assigned.
• Other duties as assigned from time-to-time independent of main cycle count activity to directly monitor accuracy.
• Follows all SQF requirements and General Manufacturing Practices (GMP).

MANAGERIAL RESPONSIBILITIES

• N/A

KEY WORKING RELATIONSHIPS

• Regular contact with team members in Engineering, Production, Marketing, Sales, Plant Controllers, and other accounting staff on matters relating to his/her responsibilities and duties.
• Maintain contacts with professional societies and keep current on latest best practices.

FUNCTIONAL REQUIREMENTS

• Regular use of computers, telephones & misc. office equipment
• Ability to organize complex tasks and meet deadlines
• Ability to work independently

PHYSICAL DEMANDS

• Ability to sit, stand and walk frequently.
• Moderate time is spent on the plant floor. Uneven walking surfaces. Hazards are those normally associated with a Plant position and include noise levels above 85 decibels, warm building temperature during mid-summer months.
• Personal and product safety requirements for the plant include hearing protection, safety glasses, safety shoes and hairnets.

WORK ENVIRONMENT

• Office and Plant

QUALIFICATIONS – EDUCATION AND EXPERIENCE

• Degree (4yr) in business or accounting and 1-3 years’ experience in a MRP environment OR 2-year degree and 5-7 years’ experience in a MRP environment.
• Professional accounting designation or working towards a designation.

QUALIFICATIONS – SKILLS

• Computer literate
• Solid understanding of business fundamentals
• Strong analytical skills
• Proficient in Microsoft Word and Excel
• Detail oriented

Please review the attachments for more information about the position and benefits.

Hood Packaging Corporation is an equal opportunity employer and considers applications for all positions without regard to race, gender, religion, national origin, age, marital or veteran status, the presence of non-job-related medical condition or handicap, or any other legally protected status.