Senior Manager, Cost Accounting

Senior Manager, Cost AccountingThe Senior Manager, Cost Accounting is responsible for maintaining the cost accounting functions, inventory reporting and cost analysis in support of manufacturing operations and supply chain management for the Company's inventory locations. Responsibilities include adherence to the monthly and quarterly close process, oversee all entries to the general ledger and account reconciliation for inventory and cost of goods sold accounts, costing of inventory products and analysis related to inventory and cost of goods sold accounts in order to ensure the continued integrity and accuracy of these accounts as part of the Company's financial reporting. The successful candidate will join a team committed to manufacturing excellence, continuous improvement and member development. This person will enjoy developing solid business relationships with their counterparts in the materials, operations, quality and marketing roles to facilitate collaboration and knowledge sharing. This position will play a key role in providing impartial financial analysis and guidance, decision support, and development of financial acumen related to cost accounting for operations, quality and other personnel in the Company. Specific Responsibilities: Maintain accurate costing methodology in the Company's SAP ERP system Development of the costing methodology and KPI reporting for inventory & management cost reporting (P&L) Maintain standard cost system to ensure accuracy of inventory valuation and lead annual manufacturing cost standard updates and analyzes variances to standardsMonitor inventory transactions and processes including scrap, inventory, and COGS to ensure accuracy and compliance with corporate policies Monthly manufacturing and overhead variance research, analysis and reporting, including labor/overhead absorption by product lines and Prepare and analyze department expense variances (actual to budgets/forecasts), monthly revenues & associated gross margin analysisRun weekly production order review reporting analysis for Operations Department Run monthly and quarterly meetings to review non-standard variances and gross margin analysis with senior management Assist senior management teams in understanding costs, variances, and other operating measures, including product/SKU level margins through key strategic reports Responsible for providing and verifying product costs in support of all cost-based pricing contracts, intercompany transfer pricing Identify potential issues and coordinate issue resolution/problem solving with other functional teams General ledger reconciliation responsibility all inventory and cost of goods sold accounts Coordinates with Materials Management and other Company personnel on required inventory reserves for excess and obsolescence or other risks Be main Finance liaison to lead and conduct physical inventory counts and reconcile results and variances Provide support to FP&A team by forecasting/modeling quarterly absorptions based on production plan as well as purchase price variances, scrap rates, material variances, etc. Participates in the annual budgeting process, including preparation of standard costs Drive the development of procedures and controls that ensure meaningful and reliable product costs and accurate inventories Assist with the documentation and compliance with Section 404 of the Sarbanes-Oxley Prepare for and participate in internal and external reviews and audits Involved, as time permits, in FP&A and general ledger support as well as special projects Other duties as assigned from time-to-time. Job Complexity: This position requires a comprehensive understanding of general and cost accounting principles. Works on a variety of topics where analysis of data requires reconciliation and evaluation of identifiable factors. Requires the exercises of judgment within generally defined practices and policies in selecting methods and techniques to obtain solutions. Supervisory Responsibilities: None Qualifications: A bachelor's degree, major in Accounting, with a depth of skills in accounting (both financial and managerial), reporting, analysis, financial supply chain, processes and procedures Biotech/medical device and public company experience a plus, with a working knowledge of cGMP, SOX 404 and FDA CFR Part 11 compliance Knowledge of U.S. Generally Accepted Accounting Principles (GAAP) Requires 5-8 years of cost accounting experience in a process manufacturing environment and a good understanding of discrete manufacturing SAP experience with general ledger, cost accounting and inventory management required Desired Experience, Knowledge, and Skills: Strong communication skills, ability to present financial information in a meaningful understandable way Ability to question norms and respectfully challenge others Ability to work with manufacturing teams including trust, professionalism, and be able to garner consensus across diverse groups Self-motivated and ability to work independently and collaboratively and strong organizational skills are essential Good technical accounting knowledge and skills in cost and general accounting Robust internal controls understanding and documentation of all financial processes and transactions Detail oriented, ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization of duties and functions in a fast-paced environment Ability to work in a time-sensitive and high-volume environment Excellent computer skills, including Microsoft Office suite and related tools