The Steak n Shake Company logo

Sr Manager Cost Accounting

The Steak n Shake Company

  • Indianapolis, IN
  • 2 days ago

    Highlights

    Core Duties include 1) food cost reviews and cost of sales analysis by store and in the aggregate, 2) profit margin analysis on food costs, and 3) lead accounting participant at cross functional brand meetings. Prepare and Present to Executives food cost margin caused from product changes, inflationary changes, changes in menu pricing, packaging, product mix, etc.

    Numbers & Facts

    LocationIndianapolis, IN
    IndustryFood and Beverage Production
    Company Size10,000 employees or more
    Year Founded1934

    Description

    Steak n Shake, Inc.

    Department: Corporate Accounting

    Job Title: Sr Manager Cost Accounting

    Function

    Understand the corporate mission and vision statements and within that framework provide a critical leadership role within the corporate accounting department. The role also provides critical support to Supply Chain and Finance Departments. Core Duties include 1) food cost reviews and cost of sales analysis by store and in the aggregate, 2) profit margin analysis on food costs, and 3) lead accounting participant at cross functional brand meetings. There are significant changes that have occurred and will continue to occur in Steak n Shake's supply chain and menu offering so very important that individual can easily adapt to a fast-paced and changing environment.

    Essential Duties and Responsibilities

    1. Responsible for inventory accounting and related cost of sales.

    2. Coach the stores and above store leaders on proper food control and inventory count procedures,

    3. Perform cost of sales analysis as a percentage of net sales store by store and on a consolidated basis.

    4. Collaborate with Finance and Supply Chain Departments at analyzing food cost margins on a routine basis.

    5. Prepare and Present to Executives food cost margin caused from product changes, inflationary changes, changes in menu pricing, packaging, product mix, etc.

    6. Participate in cross functional brand meetings to discuss menu products, packaging and supplies.

    7. Keey inventory systems up to date for recipe changes, menu offering changes, product changes, etc.

    8. Lead change to new software solution for inventory, food cost, variance to theoretical reporting, etc.

    9. Calculate calories for menu requirements and complete government reporting to the Census Bureau.

    10. Key contact to the external auditors in their work related to quarterly reviews and annual audits.

    11. Responsible for ensuring internal controls for their responsible areas are properly designed and executed to ensure operating effectiveness for compliance with Sarbanes Oxley.

    12. Assist Principal Accounting Officer and Senior Leadership Team (SLT) members with requests or projects as needed.

    13. Supervise support staff and work closely with the Controller and Sr Manager of Financial Reporting as it relates to the financial statement close processes and other team projects.

    14. Identify improvement opportunities across the Organization's functions, determine alternative courses of actions with those function leaders and implement process improvements. Continuous goal to reduce "waste" in processes and identify cost savings.

    Basic and Preferred Qualifications

    • Four-year degree in finance or accounting
    • 8+ years of experience
    • CPA preferred
    • Expert and high skill set with Microsoft Excel
    • Executive Presenter
    • Effective communicator, verbally and written
    • Well-rounded business acumen
    • Quick and Analytical thinker
    • Agile learner, including IT systems, and adaptable to change
    • Influencer of change through automation, including AI
    • Proactive problem-solver
    • Self-Proficient and Insightful
    • Strong time management skills
    • Team-oriented and deadline-driven

    About Company

    Steak ‘n Shake was founded in February, 1934 in Normal, Illinois. Gus Belt, Steak ‘n Shake’s founder, pioneered the concept of premium burgers and milk shakes.

    For over 80 years, the company’s name has been symbolic of its heritage. The word “steak” stood for STEAKBURGER. The term “shake” stood for hand-dipped MILK SHAKES. Gus was determined to serve his customers the finest burgers and shakes in the business. To prove his point that his burgers were exceptionally prime, he would wheel in a barrel of steaks (including round, sirloin, and T-bones) and grind the meat into burgers right in front of the guests. Hence arose the origin of our famous slogan, “In Sight It Must Be Right.”

    After 80 years, we are continuing Steak n Shake’s tradition of serving the country’s best, freshest, and tastiest burgers and shakes.

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