Senior Production Accountant
BioSpace · Clayton, NC · 1 wk ago
FinanceFull-time
About the role
Serves as the production accounting subject matter expert for manufacturing-related financial processes within DPM US at Novo Nordisk. The role ensures accurate accounting treatment of manufacturing transactions, inventory valuation, standard costing, period-end close activities, and production-related financial reporting while maintaining a strong control environment. This position supports audit readiness, operational decision support, and continuous improvement of production accounting processes in a regulated manufacturing setting, with compliance to IFRS, applicable accounting policies, and Novo Nordisk governance requirements.
Essential Functions
- Ensure accurate accounting of production-related transactions and manufacturing activities within the assigned DPM US scope at Novo Nordisk
- Validate production cost allocations and inventory-related postings to ensure compliance with IFRS, Novo Nordisk accounting policies, and internal financial governance requirements
- Manage inventory accounting processes and controls, including valuation of raw materials, work-in-progress, and finished goods inventory
- Support standard costing methodologies and annual cost roll processes, ensuring consistent financial treatment of manufacturing costs
- Analyze manufacturing cost development, inventory movements, and variances from expected results to support transparency and informed decision-making
- Drive month-end, quarter-end, and year-end close activities within the production accounting area and ensure timely, accurate financial reporting
- Prepare and review journal entries, reconciliations, and balance sheet documentation for production accounting and inventory-related accounts
- Maintain strong internal controls across production accounting processes and related financial postings in support of compliance and audit readiness
- Support internal and external audits and ensure compliance with control frameworks, accounting policies, and reporting requirements
- Identify risks in production accounting processes and implement appropriate corrective actions to protect financial integrity and control effectiveness
- Investigate accounting discrepancies, production variances, and process deviations affecting manufacturing financial results and balance sheet positions
- Provide accounting guidance and support to operational and finance stakeholders on manufacturing, production accounting, and inventory-related topics
- Improve financial transparency across manufacturing operations through clear reporting, variance analysis, and account support
- Drive standardization and automation of accounting, reconciliation, and reporting processes within the production accounting area
- Support implementation of systems, process changes, and accounting requirements related to manufacturing activities and inventory accounting
- Share best practices and contribute to capability development within the broader Accounting function at Novo Nordisk
- Contribute to high-quality balance sheet governance for inventory and other production-related accounts within DPM US
- Challenge, proactively, existing processes and drives continuous improvement, applying critical thinking, initiative, and a results-oriented mindset
- Follow all safety & environmental requirements in the performance of duties
Qualifications
- Master's Degree in Accounting, Finance, Economics, Business Administration, or related field of study from an accredited university required and a minimum of seven (7) years of relevant experience within Accounting, Production Accounting, Cost Accounting, Audit, or Manufacturing Finance required
- In lieu of Master's Degree with seven (7) years of experience, may consider a Bachelor's Degree in Accounting, Finance, Economics, Business Administration, or related field of study from an accredited university with a minimum of nine (9) years of relevant experience within Accounting, Production Accounting, Cost Accounting, Audit, or Manufacturing Finance required
- Strong technical accounting knowledge and understanding of financial reporting principles, ensuring accuracy, high-quality deliverables, and a consistently high level of attention to detail required
- Experience with Inventory accounting, Manufacturing accounting, Standard costing, Financial close processes, Balance sheet reconciliations and Internal controls required
- Experience working with SAP or other ERP systems required
- Advanced Excel and analytical skills required
- Professional proficiency in English required
- Experience from pharmaceutical, biotechnology, manufacturing, or other regulated industries preferred
- Experience supporting external and internal audits preferred
- Knowledge of IFRS and manufacturing accounting requirements preferred
- Experience with SAP S/4HANA preferred
- Experience with process improvement and automation initiatives preferred
- Professional accounting certification (CPA, CMA, ACCA, HD(R), State Authorized Public Accountant, or equivalent) is considered an advantage preferred
- Strong interpersonal and communication skills, with the ability to collaborate effectively across functions and manage multiple priorities in a dynamic environment required