What are the responsibilities and job description for the Cost Accountant position at Innovations in Nutrition and Wellness?
Job Details
Description
Innovations in Nutrition Wellness (INW or the Company) – Dallas, TX – Cost Accountant (Manufacturing & Supply Chain Finance)
Company Description
Description
Innovations in Nutrition Wellness (INW or the Company) – Dallas, TX – Cost Accountant (Manufacturing & Supply Chain Finance)
Company Description
- The leading solutions partner serving the global nutrition & wellness industry, INW is a portfolio company of Cornell Capital with over 1,800 associates across our U.S. footprint.
- The Company’s operations include formulation and production of nutrition products across a spectrum of formats, unique R&D capabilities, market insights and a focus on quality and customer service.
- In total, INW serves 150 customers across the nutrition & wellness industry including sports nutrition, diet, energy, hydration, personal care, cosmetics, pet care and other related subsectors.
- The Company is headquartered in the Salt Lake City, UT area and includes six operating divisions that span a footprint exceeding 1,500,000 sq. ft. both Domestically and Internationally:
- INW / Bee Health – Bridlington, UK – production of powders, tablets, capsules, liquids and cosmetics
- INW / Capstone – Ogden, UT – production of powders, tablets and capsules
- INW / Dallas – Dallas, TX – production of liquids, gel packs and cosmetics
- INW / Living Ecology – Corona, CA & Henderson, NV – production of nutrition and functional fruit bars, as well as capsules
- INW / Phoenix Formulations – Phoenix, AZ – production of powders, tablets and capsules
- INW / ProForm – Benicia, CA – production of powders concentrated across all types of protein
- At INW, you’ll find a collaborative and challenging work environment that is built around our mission to be the world’s leading solutions partner serving the global Nutrition & Wellness industry.
- Specifically, in this role, you will work alongside the Dallas Controller to support traditional cost accounting responsibilities while also providing in-depth financial analysis related to the impact of new tariffs on supply chain costs.
- This access to training and tools will accelerate your potential and maximize your career growth.
- Classification: Full-time
- Reports to: Controller
- Compensation: Competitive
- Position Summary: The position will help track and allocate tariff-related expenses at the SKU level and ensure accurate cost roll-ups to finished goods. In addition, the role will partner with the sales and pricing teams to incorporate these costs into dynamic pricing models that reflect changes in tariffs and support strategic decision-making.
- Essential Functions and Responsibilities:
- Perform standard cost accounting functions including BOM reviews, variance analysis (purchase price, usage, labor, overhead), inventory valuation, and month-end close activities.
- Partner with the supply chain and procurement teams to track and analyze the financial impact of tariffs on raw materials, components, and inbound logistics.
- Assign and maintain accurate landed cost by SKU, ensuring that tariffs and other related duties are correctly allocated and reflected in the cost of goods sold (COGS).
- Support the cost roll-up process from raw materials to finished goods, considering fluctuating inputs due to tariff changes or vendor shifts.
- Develop and maintain financial models to evaluate the impact of tariff changes on margins and profitability.
- Work closely with the sales and commercial teams to build and update pricing models that integrate tariff costs into customer pricing structures.
- Analyze product and customer profitability and make recommendations to optimize pricing strategies.
- Assist with annual budget preparation, standard cost updates, and forecasting related to supply chain costs and external economic factors.
- Collaborate cross-functionally with operations, procurement, logistics, and sales to ensure accurate and actionable cost data.
- Perform other duties, as assigned.
- Preferred Knowledge, Skills, and Abilities:
- BS in Accounting or Finance.
- Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation preferred.
- 4 years of cost accounting experience in a manufacturing environment.
- Strong understanding of cost accounting principles, inventory accounting, and variance analysis.
- ERP Experience & Knowledge Depth – Knowledge of ERP configuration, manufacturing processes and systems, technical/professional competence and quality.
- Technology & Systems Proficiency – Must be proficient with Microsoft Office, especially in Excel, Accounting Software, Inventory Software, or other business related software.
- Demonstrated experience in building and using pricing or cost models to support strategic decisions.
- Strong analytical and problem-solving skills; ability to work independently and collaboratively.
- Excellent communication skills and business acumen to work across departments.
