Cost Accountant

Magi Foods, LLCMadison, WI
Onsite

About The Position

Oakhouse Bakery, a subsidiary of Keep It REAL Foods, is seeking a Cost Accountant to be responsible for ensuring accurate product costing, supporting plant financial performance analysis, and maintaining strong cost controls within our food manufacturing operation. This role works closely with production, supply chain, quality, and finance to provide insight into manufacturing costs, inventory accuracy, variances, and operational efficiency. The ideal candidate brings strong analytical ability, attention to detail, and experience in a manufacturing environment—preferably food or CPG.

Requirements

  • Bachelor’s degree in Accounting, Finance, or related field required.
  • 1-5 years of cost accounting experience in manufacturing.
  • Understanding of GAAP and cost accounting principles.
  • Experience with ERP/MRP systems (e.g., SAP, Oracle, NetSuite, Microsoft Dynamics, or similar).
  • Strong analytical and problem-solving skills.
  • High attention to detail and accuracy.
  • Excellent communication skills; ability to partner with production and cross-functional teams.
  • Proficient in Excel and data analysis tools.
  • Strong organizational skills and ability to manage multiple priorities.

Nice To Haves

  • Food/beverage experience preferred.

Responsibilities

  • Maintain and update standard costs for raw materials, packaging, labor, and overhead.
  • Support standard cost roll and ensure accuracy of BOMs and routings.
  • Analyze manufacturing cost variances (material usage, labor efficiency, overhead absorption).
  • Partner with operations to identify cost drivers, deviations, and improvement opportunities.
  • Support cost modeling for new products, formulation changes, or co-manufacturing scenarios.
  • Reconcile inventory subledgers to the general ledger; ensure accurate valuation.
  • Align with warehouse and operations to confirm inventory counts are accurate and complete.
  • Review and analyze inventory adjustments, scrap, and yield variances.
  • Ensure compliance with company policies related to inventory management.
  • Prepare daily/weekly/monthly production cost reports and KPIs.
  • Analyze throughput, labor productivity, yields, and operational metrics.
  • Support plant financial reviews and monthly close activities.
  • Assist in budgeting and forecasting for plant operational costs.
  • Prepare journal entries for inventory, accruals, cost adjustments, and variances.
  • Reconcile key accounts tied to inventory, WIP, and cost of goods sold.
  • Work with the Plant Controller on cost analysis for decision support.
  • Participate in internal and external audit requests as needed.
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