Manager, Cost Accounting *PC 691

About the role

The Manager, Cost Accounting leads the Cost Accounting team and partners with internal and external stakeholders across Miltenyi Biotec. This role oversees cost accounting activities including financial reporting, analysis, and the development of cost control systems, while managing the month-end close for cost of goods sold, changes in work-in-process, and revenue recognition. The Manager also supports the preparation of annual budgets, assists with external audits, conducts cost-volume-profit analysis, oversees inventory cycle counts, resolves variances, and generates or supports month-end reports for senior management.

Responsibilities

• Lead and support investigations into root causes of inventory cycle count variances, implementing corrective actions to resolve discrepancies.
• Mentor and manage a team of cost accountants, fostering a collaborative and high-performance work environment.
• Partner with cost center managers to drive cost reduction initiatives through strategic data analysis and reporting.
• Perform month-end journal entries as part of the month-end closing process.
• Reconcile Goods Receipt/Invoice Receipt (GR/IR) accounts, identify variances, and implement corrective measures.
• Analyze actual manufacturing costs and prepare periodic reports comparing them to standard costs.
• Calculate standard product costs and analyze cost variances using SAP.
• Develop and update Activity Rates in SAP to ensure accurate cost allocation.
• Apply and have a deep understanding of GAAP principles.
• Collaborate with Cost Accounting and Financial Accounting teams during month-end close, financial analysis, and annual budget development.
• Lead special projects and ad hoc duties as assigned.

Requirements

• Bachelor’s degree in finance, Accounting, or a related field with 5 years of Cost Accounting/Controlling and 1-3 years of supervisory experience in a biotech, pharmaceutical or a related industry.
• Demonstrated expertise in SAP Production Planning and Controlling (PP&C) and Financial Accounting (FI) modules, with a focus on reporting, process optimization, and end-user training.
• Advanced proficiency in Microsoft Excel, including complex formulas, pivot tables, and data visualization.
• Deep understanding of cost accounting principles, financial reporting standards, and internal control frameworks.
• Exceptional analytical and problem-solving skills, with a proven ability to collaborate effectively across departments and with global teams.
• Track record of successful team leadership, driving alignment with departmental and organizational goals.
• Highly organized and detail-oriented, ensuring accuracy and consistency in all deliverables.