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Cost Accountant

Date: Jun 18, 2019

Location: Chesterfield, MO, US, 63017

Company: Bunge

Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed; produces edible oil products for consumers and commercial customers in the food processing, industrial and artisanal bakery, confectionery, human nutrition and food service categories; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.

Overview:

The Cost Accountant position, within the Package Oils Accounting group located in St. Louis, will primarily be responsible for the determination of standard costs for oils products including margarines, salad and vegetable oils, frying oils, and other packaged oil products including 3rd party and co-pack products. The successful candidate must be able to work outside the core accounting group and ensure that Accounting, Commercial, Pricing, Operations and the Financial Planning and Analysis (FP&A) groups work in a collaborative manner to drive the standard costing methodology and model that supports the business. In addition to these responsibilities, the successful candidate will be the primary accounting contact for at least one package oil facility. Responsibilities in this area include monthly accounting close journal entries, inventory calculations and true-up, position reconciliation, researching actual result to forecasted variances and ensure accurate financial statements by monitoring and analyzing accounts, and SOX control adherence. Moderate to high understanding of plant operation activities and how they relate to accounting results will be required. The successful candidate will be expected to have strong collaboration and communication skills, particularly in explaining financial results and variances to Management and the Sales team.

 

Essential Job Duties:

  • Responsible for the determination of cost of inputs for each of the Package and Refined oils products, by facility location, including:
  • Calculate new product costs as requested
  • Perform material setup reviews in SAP (e.g. ZC06, ZC07, ZC11, etc.)
  • Perform monthly cost runs, analyze and provide explanations for changes
  • Update SAP for revisions to standard costs
  • Lead periodic standard cost reviews by plant, product type, etc.
  • The ability to recognize nonstandard events that may skew historical results and exclude those items from standard cost calculations, where appropriate
  • Understand how FP&A set their budgeted costs for Package oil products.
  • Determining timing of standard costs changes and regular reviews
  • Perform variance analysis and provide explanations
  • Working with the Sales team to insure Bunge sells package oils at an appropriate margin
  • Regular meetings with the Sales team, Accounting and FP&A to gain approval for any changes
  • Lead quarterly cost meetings with the Product Management, Pricing team, Sales team, Commercial and FP&A
  • Gathering and reviewing large amounts of historical data from SAP
  • Serve as a single point of contact to the assigned facilities to support all aspects of the facilities financial statements, internal controls, and management reports.
  • Maintain the general ledger and journal entries, including account analysis and balance sheet reconciliations.
  • Maintain internal controls and ensure procedures and processes are followed
  • Track plant expenses and allocations
  • Compute inventory book to physical; research variances; record adjustment if necessary
  • Perform month end inventory valuation and margin calculations.
  • Assist in internal and external audits.
  • Be proactive with leadership team in providing focused analysis and decision support
  • Support field locations with technical SAP and reporting issues
  • Participate in any special project work and complete in an accurate and timely manner. Accept new opportunities as they develop to learn new skills
  • Be an engaged business partner in supporting Income Statement analysis and explanations including monthly P&L results, “other price variances” and industrial expenses
  • Ensure balance sheet accuracy for accounts especially in the key accounts like inventory, GR/IR, payables, etc. Provide any required reconciliation and analysis needed
  • Ensure consolidated reporting is accurately reported and company level controls are reconciled (Escheatment as an example)
  • Maintain the ongoing intercompany activity and ensure that the SAP automated entries are accurate and current
  • Assist with monthly Purchase Price Variance analysis, reporting major variances to upper management
  • Reconcile and Mark to Market commodity positions
  • Complete any required government reporting in a timely and accurate manner
  • Travel to facilities for additional support and training (~10-15%)

 

Skills/Experience Requirements

  • Bachelor’s degree in accounting; Masters in Accountancy or MBA desirable
  • 3-5 years of experience involving costing of products (preferably commodities) in SAP
  • Proficient application of management and internal controls (SOX, COSO)
  • SAP FICO core competency and/or SAP SD / GTM preferred
  • Proficient in Microsoft Excel
  • Experience and interest in manufacturing and process management commodity business
  • Collaborate across various functions and drive different groups / different ideas to an ideal solution/outcome through cooperation and negotiation
  • Able to explain complex ideas and concepts to internal customers and stakeholders in an easy to understand manner
  • Able to motivate and develop other accounting professionals
  • Process management orientation
  • Has a mindset to continuously examine processes and procedures and improve where possible
  • The ability to compute and provide key information for management decision making and understand margin and financial return drivers
  • Decision support that is clear, accurate, relevant, logical and fair.
  • Ability to analyze and interpret data and link to concepts, patterns or trends.
  • Demonstrates core values, emphasizes controls culture, and emulates the Bunge “How We Work” Bluebook

Bunge is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, transgender status, national origin, citizenship, age, disability or military or veteran status, or any other legally protected status.  Bunge is an Equal Opportunity Employer. Minorities/Women/Veterans/Disabled


Nearest Major Market: St Louis

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