Job Description
Cost Accounting and Pricing Manager ( Food Manufacturing ) I AM Acquisition
LLC 1111
Bowes Rd, Elgin, IL 60123 $130,000•$140,000 a year $130,000•$140,000 a year Description:
Title :
Cost Accounting and Pricing Manager ( Food Manufacturing ) Location :
Elgin Illinois Shift(s) : 8a-5p Internal/External posting : AI Applicant Screening used : Salary Range :
$130,000•140,000 Bonus Eligibility :
Discretionary, Not Guaranteed POSITION SCOPE
: The Cost Accounting and Pricing Manager leads financial analysis, standard product costing, pricing models, and product-line profitability strategies. This role bridges financial reporting, commercial sales, and shop-floor production by overseeing data synchronization between NetSuite ERP and Nulogy Shop Floor / Co-Pack systems . The manager identifies margin-improvement opportunities, evaluates pricing strategies, tracks manufacturing variances, and delivers SKU and customer-level profitability analysis to maximize overall business margins. REPORTS TO
: VP of Financial Planning and Analysis ( FP&A) ESSENTIAL ACCOUNTABILITIES
Product Costing Management:
Manage product BOM and establish and update standard costs for raw ingredients, packaging, and labor in NetSuite and Nulogy. Analyze daily and monthly manufacturing variances, focusing heavily on direct and indirect labor variances, material variances, line productivity, yields, and scrap across all assigned locations. Partner with regional plant production managers to identify root causes of yield variances using Nulogy real-time manufacturing logs. Audit and make recommendations to refine and optimize product formulations, bills of materials (BOMs), and processing routings. Analyze and understand indirect manufacturing costs and capacity utilization for cost allocation purposes. Pricing Management:
Develop, maintain, and approve data-driven customer and product pricing models for new and existing product introductions and custom co-packing requests. Analyze the financial impact of raw material and ingredient commodity price fluctuations on existing product pricing, including customer and SKU purchase price variance (PPV) true-ups. Provide financial models and margin impact analysis to the VP of FP&A during customer RFPs and contract negotiations. Review and monitor customer and vendor agreements to ensure the commercial terms are consistent with pricing models and invoicing. Profitability Management:
Lead comprehensive SKU profitability analysis to identify low-margin or loss-making product lines. Conduct customer profitability analysis , evaluating net margins after factoring in new material and indirect costs. Deliver variable contribution margin and gross margin performance reports. Maintain and prepare management reporting that sets forth informative KPI's at the customer and SKU level and bridges those results to the company's budget and pricing models. Identify margin variances and work with sales, operations, and supply chain personnel to take corrective action. Support the VP of FP&A in preparing the multi-facility annual manufacturing budget and quarterly corporate forecasts. Additional Key Responsibilities:
ERP System Oversight and Maintenance:
Serve as the finance owner for data alignment between NetSuite (financial sub-ledger) and Nulogy (production execution) across multiple plants. Oversee daily/weekly inventory reconciliations between NetSuite and Nulogy to eliminate multi-site inventory variances. Audit Nulogy production logs across facilities to ensure accurate consumption of raw ingredients, packaging material, and labor routing steps. Requirements:
Education & Experience Bachelor's degree in Accounting, Finance, or a related field. Required:
5-7 years of progressive experience in cost accounting, pricing, or commercial financial analysis. Required:
Experience working directly within a food manufacturing, beverage, or perishable goods environment. At least 1-2 years of experience in a supervisory, team-lead, or project-management capacity. Location & Travel Requirements Required:
Ability to report on-site daily to the Elgin, IL facility . Ability to occasionally travel to regional manufacturing facilities as required. Certifications Preferred:
Certified Public Accountant (CPA) or Certified Management Accountant (CMA). Technical Skills:
Preferred:
Hands-on experience working with NetSuite ERP and Nulogy software. Advanced Excel capabilities (macros, power query, complex formulas for price/volume/mix analysis). Experience building data visualizations for plant operations and sales margins in Power BI or Tableau. Interpersonal Skills:
Ability to present complex financial and pricing concepts to executive teams, plant operations, and corporate sales teams. Self-motivated leader comfortable handling large, unstructured production and commercial datasets across multiple sites. Strong attention to detail regarding yield calculations, product shelf-life risk, and customer contract terms.
