Job Title: Cost Accountant

Department: Accounting

Reports to: Senior Manager, Cost Accounting

Effective Date: 2/4/2025

Company Overview:

DreamFields is one of the top 5 cannabis companies in the industry through our leading #1 pre-roll brand, Jeeter. The company is very passionate about producing world-class marketing, high quality, innovative products, delivering unprecedented customer experiences, having cutting-edge operations, and curating an amazing company culture & thriving work environment. With over 1500+ employees we are proud to be one of the most loved employers in the industry. The company continues to experience exponential month-over-month growth as one of the fastest-growing companies in the cannabis industry and we have begun our aggressive national expansion to all the legalized cannabis states in the USA. 

Job Summary:

Cost Accountant oversees manufacturing activities, annual cost rolls, ensuring accurate recording of costs, analysis of variances, and adherence to accounting standards. This role involves collaborating with cross-functional teams and providing insights into cost management strategies. The Cost Accountant provides financial support for manufacturing operations: budgeting and forecasting, process flow improvements, inventory flows and analysis, production, capital programs.

Cost Accounting & Analysis

• Conduct detailed analysis of manufacturing costs and operational variances: materials, labor and overheads.
• Support the location's General Manager with all aspects of manufacturing process cost analysis.

• Monitor and reconcile variances between standard and actual costs; investigate and explain discrepancies.
• Perform month-end and year-end close activities related to inventory and cost of goods sold.
• Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
• Review and update bills of materials (BOM) and routings in the ERP system.

Inventory Control & Valuation

• Support inventory valuation processes to ensure accurate reporting of raw materials, WIP, and finished goods.
• Participate in periodic inventory counts; reconcile physical counts to system records.

• Validate Monthly COGS data for assigned locations.

• Collaborate with Production and Supply Chain teams to resolve inventory issues.

Financial Reporting & Compliance

• Prepare cost-related journal entries and supporting schedules.
• Prepare and present detailed manufacturing and product cost reports and analysis.

• Validate Monthly COGS data for assigned locations.

• Assist with external audits by providing cost and inventory data and documentation.
• Ensure compliance with GAAP and internal controls.

• Support and ensure locations Process Control Policies.

Operational Support & Continuous Improvement

• Provide financial insight into production processes, yield optimization, and cost reduction initiatives.
• Assist in developing and maintaining dashboards and KPIs to track production and financial performance.
• Support budgeting and forecasting processes for manufacturing operations.
• Participate in cross-functional projects to improve systems and processes.

Required Skills/Abilities:

• In-depth knowledge of cost accounting principles and methodologies.
• Strong analytical and financial modeling skills.
• Excellent communication and collaboration abilities.
• Proficient in financial software and Excel.
• Detail-oriented with strong organizational skills.

Education and Experience:

• Bachelor's or Master's degree in Accounting, Finance, or related field.
• 2+ years of experience in cost accounting.
• Experience in the cannabis or manufacturing industry is a plus.
• Knowledge of Microsoft Dynamics BC.

EEOC: DreamFields is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status.