Job Description

Overview

THE ROLE: The Sr. Cost Accountant will provide support to the Sr. Manager, Plant Finance in the accounting/reporting area. The position is directly responsible for product costing and analysis, inventory reporting and analysis as well as manufacturing variance analysis and root cause determination. The Sr. Cost Accountant will be an active participant in the Pro2col Health/Link Bioscience system integration as well as participate in ERP implementation. The position performs SOX and operational compliance testing and reporting.

HOW YOU WOULD CONTRIBUTE:

• Prepare weekly plant absorption report comparing actual performance to budget/forecast.• Maintain Oracle R12 inventory database: creation of new recipes, costing new items, obsoleting old sku versions, work order closures and corrections.• Assist in annual budget process and monthly forecast process by meeting with designated department managers to discuss past financial performance and future financial needs. • Act as a backup to processing all product quotes and maintain quoting database (RFQ) structures as needed.• Analyze changes in product design, raw materials, manufacturing methods, or services provided, to determine impact on costs.• Assist in development of plant standard costs which includes determining manufacturing rates utilizing ABC costing methodologies. Requires system maintenance with regards to BOM’s and routings.• Prepare manufacturing performance reports and analysis e.g. PPV, material usage, utilization, efficiencies, costs per unit.• Assist in process and system upgrades and enhancements.• Prepare month end journal entries, account reconciliations and variance analysis
• Serve as accounting representative in discussions/activities involving integration of Pro2col Health/Link Bioscience to our financial systems and costing processes. Provide guidance and services as needed.• Interact with other departments, such as Corporate Accounting, IT, Purchasing and Quality.• Assist in training of newly hired accounting representatives.• Perform additional duties as assigned.

SUPERVISORY RESPONSIBILITIES: • None

Qualifications

SKILLS AND BACKGROUND REQUIRED TO BE SUCCESSFUL: Skills:

• Demonstrate initiative in all aspects of Plant Accounting.• Communicate effectively and clearly in verbal and written form.• Ability to work with tight deadlines and meet department goals.• Proficient with PC skills including Windows, Excel and Word• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists• Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form• Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community• Ability to read, analyze and interpret common financial reports, and legal documents.• Ability to effectively present information to top management• Ability to organize workload and multitask to meet deadlines• Carry out responsibilities with minimal supervision• Ability to interact effectively at all levels with sensitivity to cultural diversity• Ability to adapt as the external environment and organization evolves.

Experience

• 5 years accounting experience, including cost accounting experience; cost accounting experience in a manufacturing environment preferred

Education

• Bachelor’s degree in accounting/finance or related field

Preferred Qualifications:• Advanced Excel skills• Experience in Oracle• MBA Degree, CPA or CMA

US Benefits Statement

Herbalife offers a variety of benefits to eligible employees in the U.S. (limited to the 50 States and the District of Columbia), which includes Group Health Programs, other Voluntary Benefit Programs, and Paid Time Off. Group Health Programs include Medical, Dental, Vision, Health Savings Account (HSA), Flexible Spending Accounts (FSA), Basic Life/AD&D; Short-Term and Long-Term Disability, and an Employee Assistance Program (EAP). Other Voluntary Benefit Programs include a 401(k) plan, Wellness Incentive Program, Employee Stock Purchase Plan (ESPP), Supplemental Life/Critical Illness/Hospitalization/Accident Insurance, and Pet Insurance. Paid time off includes Company-observed U.S. Holidays, Floating Holidays, Vacation, Sick Time, a Volunteer Program, Paid Maternity and Paternity Leave, Bereavement Leave, Personal Leave and time off for voting.