Cost Accountant in Exton, Pennsylvania at The Food Source International Inc
Job Function: Accounting/Finance
The Food Source International Inc
Exton, Pennsylvania, 19341, United States
Posted on
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Job Description
Who We Are
The Food Source International (TFSI) is a taste and ingredient company with a pulse on what is next in the world of food. Founded in 1997, we create high-quality taste profiles and ingredient solutions that help food processors solve technical challenges. We are growing and looking for collaborative, accountable team members who put customers first.
Position Summary
The Cost Accountant maintains accurate product, inventory, and manufacturing cost information and provides insight into operational performance. This role partners with Accounting and operational teams to ensure inventory is valued accurately, manufacturing variances are understood, and reliable cost information supports pricing, forecasting, and business decisions.
What You Will Do
• Maintain standard costs for raw materials, packaging, labor, overhead, work in process, and finished goods.
• Establish and update costs for new and existing items using approved material, labor, yield, routing, and overhead assumptions.
• Review bills of materials, formulas, routings, production standards, yields, and other cost inputs.
• Analyze purchase price, material usage, labor, overhead, yield, scrap, and other manufacturing variances.
• Investigate significant variances and work with operational teams to address root causes.
• Maintain accurate inventory valuation and reconcile supporting reports to the general ledger.
• Support cycle counts and physical inventories, including variance analysis and adjustments.
• Monitor obsolete, excess, slow-moving, expired, or damaged inventory and support reserve analysis.
• Prepare journal entries, reconciliations, cost schedules, and close support for inventory and cost of goods sold.
• Analyze material-cost changes, freight, landed costs, supplier pricing, and their effect on profitability.
• Provide cost estimates and product-cost information to FP&A and Pricing.
• Improve cost-accounting processes, inventory controls, reporting, and data accuracy.
What We Are Looking For
• Bachelor's degree in Accounting, Finance, or a related field.
• 3+ years of cost accounting, manufacturing accounting, inventory accounting, or related experience.
• Knowledge of standard costing, inventory valuation, manufacturing variances, cost of goods sold, journal entries, and reconciliations.
• Strong Excel skills and experience with ERP or manufacturing systems.
• Ability to investigate discrepancies, identify root causes, and work effectively with operational teams.
• Strong analytical, organizational, communication, and attention-to-detail skills.
Preferred Qualifications
• Manufacturing, food, ingredients, consumer products, or distribution experience.
• Experience supporting cycle counts, physical inventories, reserves, and audit requirements.
• Microsoft Dynamics GP or comparable ERP experience.
• CPA, CMA, or another relevant certification.
Work Environment
This is an on-site, office-based position with regular collaboration across departments and occasional visits to manufacturing, warehouse, laboratory, or production areas. Additional hours may be required based on business needs.
Benefits
Full-time employees are eligible for health, dental, and vision insurance; a 401(k) plan; paid vacation, PTO, and holidays; tuition reimbursement; and employee wellness activities.
Equal Employment Opportunity
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to any characteristic protected by applicable law.
The Food Source International (TFSI) is a taste and ingredient company with a pulse on what is next in the world of food. Founded in 1997, we create high-quality taste profiles and ingredient solutions that help food processors solve technical challenges. We are growing and looking for collaborative, accountable team members who put customers first.
Position Summary
The Cost Accountant maintains accurate product, inventory, and manufacturing cost information and provides insight into operational performance. This role partners with Accounting and operational teams to ensure inventory is valued accurately, manufacturing variances are understood, and reliable cost information supports pricing, forecasting, and business decisions.
What You Will Do
• Maintain standard costs for raw materials, packaging, labor, overhead, work in process, and finished goods.
• Establish and update costs for new and existing items using approved material, labor, yield, routing, and overhead assumptions.
• Review bills of materials, formulas, routings, production standards, yields, and other cost inputs.
• Analyze purchase price, material usage, labor, overhead, yield, scrap, and other manufacturing variances.
• Investigate significant variances and work with operational teams to address root causes.
• Maintain accurate inventory valuation and reconcile supporting reports to the general ledger.
• Support cycle counts and physical inventories, including variance analysis and adjustments.
• Monitor obsolete, excess, slow-moving, expired, or damaged inventory and support reserve analysis.
• Prepare journal entries, reconciliations, cost schedules, and close support for inventory and cost of goods sold.
• Analyze material-cost changes, freight, landed costs, supplier pricing, and their effect on profitability.
• Provide cost estimates and product-cost information to FP&A and Pricing.
• Improve cost-accounting processes, inventory controls, reporting, and data accuracy.
What We Are Looking For
• Bachelor's degree in Accounting, Finance, or a related field.
• 3+ years of cost accounting, manufacturing accounting, inventory accounting, or related experience.
• Knowledge of standard costing, inventory valuation, manufacturing variances, cost of goods sold, journal entries, and reconciliations.
• Strong Excel skills and experience with ERP or manufacturing systems.
• Ability to investigate discrepancies, identify root causes, and work effectively with operational teams.
• Strong analytical, organizational, communication, and attention-to-detail skills.
Preferred Qualifications
• Manufacturing, food, ingredients, consumer products, or distribution experience.
• Experience supporting cycle counts, physical inventories, reserves, and audit requirements.
• Microsoft Dynamics GP or comparable ERP experience.
• CPA, CMA, or another relevant certification.
Work Environment
This is an on-site, office-based position with regular collaboration across departments and occasional visits to manufacturing, warehouse, laboratory, or production areas. Additional hours may be required based on business needs.
Benefits
Full-time employees are eligible for health, dental, and vision insurance; a 401(k) plan; paid vacation, PTO, and holidays; tuition reimbursement; and employee wellness activities.
Equal Employment Opportunity
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to any characteristic protected by applicable law.
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Job Location
Exton, Pennsylvania, 19341, United States
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