Principal Cost Accountant
About the role
We anticipate the application window for this opening will close on 13 Jul 2026. At MiniMed, you can begin a lifelong career of exploration and innovation, while helping make a difference in the lives of people living with diabetes around the globe. You'll lead with purpose, breaking down barriers to innovation for a more connected, compassionate world.
Responsibilities
- Manage and optimize the standard costing system across manufacturing sites, distribution centers (DCs), and contract manufacturing partners, ensuring accurate cost allocation, tracking, and financial reporting.
- Perform comprehensive cost analysis for products, processes, and operations, including labor, material, and overhead components.
- Develop, enhance, and maintain cost models supporting commercial products and process changes.
- Conduct Labor, Burden, and Material (LBM) analysis, including actual vs. standard variance reporting and YoY changes.
- Oversee Cost of Goods Produced (COGP) and Cost of Goods Sold (COGS) reporting, ensuring accuracy, compliance, and timely execution.
- Lead daily costing activities for distribution centers, contract manufacturing operations, and the Chengdu site.
- Manage and coordinate with cross-functional teams, the annual cost roll-up process, standard rate updates, and allocation methodologies for material, labor, and overhead to ensure accurate product costing and reporting integrity.
- Support strategic decision-making through financial modeling, scenario analysis, and margin impact assessments.
- Calculate and maintain weighted average LBM for Value Streams products.
- Develop and execute the global annual revaluation plan.
- Oversee cost roll reconciliation processes, summarize the impact of cost changes, and collaborate with cross-functional teams to validate results.
- Support gross margin reporting and allocation by value stream.
- Perform Standard Margin analysis, including volume, price, and mix variance.
- Collaborate closely with cross-functional and regional stakeholders to support product costing, financial transparency, and cost of goods sold (COGS) reporting.
- Support ERP & Systems implementations.
Requirements
- Bachelor's degree and 7 years of relevant experience
- Or, advanced degree and 5 years of relevant experience
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Benefits & Compensation
MiniMed offers a competitive salary and flexible benefits package. Salary ranges for U.S. (excl. PR) locations (USD): $109,000.00 - $185,000.00 For roles located in California, Seattle WA, Washington DC, Boston MA, and New York City, the salary range is $121,000 - $205,000 USD. Actual compensation may vary based on factors including experience, education, certifications, skills, market conditions, internal equity, and geographic location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).
About MiniMed
MiniMed is a full-stack insulin delivery company dedicated to supporting people living with diabetes through every step of their journey — when and how they need it. For more than 40 years, we’ve been committed to redefining what’s possible: intelligent dosing systems designed for real life, predictive insights that stay a step ahead, and always on support when it’s needed most. At the heart of everything we do is a simple Mission: to make every day a better day for people with diabetes.