Senior Accountant
- Full-time
- PL-DEPT: 01-0389
Company Description
Foster Farms has been a family-owned and operated company for four generations. Since our founding days back in 1939, we have always been committed to providing consumers with the highest-quality, best-tasting poultry products available. The hope is that our commitment to excellence, honesty, quality, service, and our people will shine through in everything we do.
We are always looking for talented individuals to join the Foster Farms team. We offer the experience of a large organization, but operate like a family business. More than half of our job openings are filled by internal promotion, and we encourage employees to gain a variety of experiences across different functional groups.
Job Description
Purpose of position:
Supervise inventory staff. Responsible for entire close process relating to finished goods inventory and related entries.
Insure proper inventory valuation at the lower of cost or market for all finished goods.
Maintain accurate financial inventories for all Foster Farms locations and third party facilities utilizing SAP, EWM, and WMS systems.
Research, reconcile and correct all variances between warehouse/inventory systems and the general ledger.
Assist in periodic inventory forecast for FG inventory and reserves.
Assist plant accounting and plant personnel with WIP inventory adjustments and other inventory issues.
Prepare periodic and ad hoc reporting.
Review and approve periodic AAW’s. Review and maintain internal controls as they relate to the finished goods process. Oversee outside carrier claims process and maintain controls over lost and damaged finished goods inventory.
Essential Job Functions:
Timely and Accurate Closing of General ledger
Prepare and post all journal entries for finished goods inventory including; Standard Cost Revaluations, Deferred
Weight Variance, Fixed Reserve, Lower of Cost or Market for Fixed and Variable Costs and Capitalization of Product
Handling; Capitalization of Manufacturing Variances, Inventory write up/down, and Damaged materials and Purchase Price Variances
Maintain SAP Inventory and balance external cold warehouses weekly
Review P.O. receipts into inventory and review open S.T.O.’s (In transit-items shipped not received), review confirmed sales company wide, track/review shipped weight variances all locations.
Weekly and period end cycle count tracking for total company and adjust inventory to reflect accurate balances by product for each location.
Track outside meat purchases, make adjustments as needed and post as necessary and review and correct variable and fixed inventory costs where necessary
Daily, weekly and periodic reporting, LCM Reserve (Actual and Forecast), periodic trended for other product cost, OPC Analysis (Actual and Forecast)
Prepare FG inventory summary (Actual and Forecast), prepare outside cold storage analysis, weekly market prices and weekly freezer reports for CA, PNW and LA, Damaged, customer returns
Balance sheet forecasts for Corporate and preparation and implementation of finished goods policies and procedures
Supervision of Staff
Prepare, review, and or approve periodic AAW’s for company finished goods inventory balance sheet accounts by profit center.
Additional Functions:
Occasional inventory test counts at internal facilities.
Period End “snapshot” of total company and external inventory
Assist with the coordination of year end inventory audit
Special projects as assigned by Logistics Controller
Qualifications
Minimum Requirements:
BS Degree in accounting or finance
Three-five years related work experience and have knowledge of inventory transactions and procedures
Proficient in Excel, SAP, and BW
Excellent analytical skills
Excellent verbal and written communication skills and excellent organizational skills and detailed oriented
Ability to work well independently and with a team
Must be self-motivated, assertive, objective, and resourceful.
Preferred Requirement:
MBA or CPA
Physical Requriements:
Consistent and reliable attendance
Ability to work in fast paced, high pressure situations
Additional Information
All your information will be kept confidential according to EEO guidelines.
Foster Farms is an Equal Opportunity Employer – Minorities, Females, Veterans and individuals with disabilities are encouraged to apply.
Foster Farms participates in E-Verify during the hire process at all locations for all new employees.