Senior Analyst, Accounting & Controls

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June 3

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The Hershey Company

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B2C • eCommerce • Food & Beverage

The Hershey Company is an industry-leading snacks company headquartered in Hershey, Pennsylvania, recognized for bringing goodness to the world through its iconic brands and extraordinary commitment to helping children succeed. Hershey is well-known for its wide range of chocolate and confectionery products, driven by a culture that values inclusion, employee development, and sustainable practices to ensure a positive impact on the community and the planet.

10,000+ employees

Founded 1894

👥 B2C

🛍️ eCommerce

💰 Post-IPO Debt on 2023-04

📋 Description

• The purpose of this position is to effectively manage, control, analyze, and account for costs within the inventory section of the Balance Sheet along with the Cost of Goods Sold and Distribution sections of the P&L: • Standard Costing • Purchase Price Variances • Inventory valuation • Warehousing • Customer and Shuttle Freight. • Primary responsibilities include accurately reconciling and accruing for costs in line with GAAP requirements, providing insights into processes impacting the accounting/reporting function, and identifying areas of improvement in the internal control environment (including SOX controls). • Scope of Responsibility: Primary responsibilities include accurately reconciling and accruing for costs in line with GAAP requirements, providing insights into processes impacting the accounting/reporting function, and identifying areas of improvement in the internal control environment (including SOX controls). • Inventory Management, COGS, and Distribution represent high risk areas of the Company therefore this position will be a key contributor to the implementation and maintenance of new processes to report against the constantly changing environment by means of cross-functional collaboration and work with Co-man /3PL partners in the implementation of system improvements. • Assisting in month-end close related to inventory, COGS (Cost of Goods Sold), and/or Distribution. • Reconciling inventory adjustments from co-manufacturing plants to assure proper classification within the financial statements and all co-man billbacks are processed. • Analyzing manufacturing costs to identify production variances to determine any issues that need to be addressed with the BOM (bill of materials). • Periodic reconciliation of all inventory location portals to Company software system. • Reconciling plant production, shipments, and receipt of goods from manufacturer’s software system to Company software system. • Operational and Financial Analysis & Reporting • Analyzing cost and operational trends to identify opportunities for process improvement and cost savings. • Enabling the research and explanation of anomalies and unusual variances • Monitor cycle counts at co-manufacturing plants. • Identify insights based on available KPI dashboards to enable improvements. • Process, Controls, and compliance • Collaborate in cross-functional process and system improvements. • Work cross-functionally and with Co-man / 3PL partners in the implementation of system improvements. • Perform control reviews, including SOX controls, assigned to the Accounting, Sales Supply Chain functions, to ensure that these are followed and understood by the various departments involved. • Provide recommendations for process and control improvements to ensure relevance in the changing environment. • Develop, perform, and prepare summaries to communicate compliance reviews within all areas of Supply Chain to ensure polices and procedures are followed and remain relevant. • Assist in development, maintenance, and communication of financial and internal control policies/procedures. • Provide assistance to business on any areas of concern related to process within Supply Chain on and as needed basis.

🎯 Requirements

• Strong Analytical skills • Knowledge of accounting and policies and procedures • Strong Excel skills and competence with other Microsoft functionality • Strong computer skills – comfortable using various systems • Excellent interpersonal and communication skills, including ability to effectively communicate with Senior Management and external auditors • Ability to synthesize massive amounts of data into clear, concise, conclusions for management • Experience with an ERP systems (SAP) a plus