Sr 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

• Optimize and maintain the standard costing system for manufacturing sites, distribution centers (DCs), and contract manufacturing.
• Analyze bills of materials (BOMs), routings, labor rates, burden rates, and production yields to ensure accurate product costing.
• Conduct LBM (Labor, Burden, Material) analysis, comparing actual vs. standard costs.
• Prepare LBM estimates for new product introductions (NPIs).
• Develop and maintain cost models and process changes.
• Serve as the primary contact for Material Setup or Change (MSC) activities.
• Oversee cost of goods produced (COGP) and cost of goods sold (COGS) reporting, ensuring accuracy and timeliness.
• Support/Participate in detailed variance analysis on material usage, labor efficiency, and overhead absorption, providing actionable insights to operations and leadership.
• Perform annual cost roll-ups, ensuring correct allocation of material, labor, and burden rates across manufacturing sites, DCs, and contract manufacturers.
• Collaborate with SAP functional consultants and IT teams to configure and optimize cost accounting processes.
• Support data migration activities, including cost centers, profit centers, BOMs, routings, and standard costs.
• Assist with system integration testing.
• Support KPI reporting accuracy for financial and operational metrics.
• Maintain compliance with GAAP, internal controls, and audit requirements.

Requirements

• Bachelor’s degree in accounting, Finance, or related field required and 4+ years of relevant experience
• Or, an advanced degree with 2+ years of relevant experience
• Strong experience in cost accounting within a manufacturing environment
• Proven experience with standard costing, cost roll processes, and variance analysis
• Experience working with ERP systems (e.g., SAP CP, S4 Hana) and financial reporting tools
• Strong analytical and problem-solving skills with the ability to translate data into actionable business insights
• Demonstrated ability to partner with cross-functional teams (e.g., Operations, Supply Chain) and influence decision-making
• Solid understanding of internal controls, financial compliance, and data integrity principles
• Effective communication skills with the ability to present financial information to various levels of the organization

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. For roles located in California, Seattle WA, Washington DC, Boston MA, and New York City, the salary range is $97,000 - $165,000 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).

This position is eligible for a short-term incentive called the Short Term Incentive (STI). At MiniMed, we are committed to supporting the well-being and financial security of our employees. Regular employees working 20 or more hours per week are eligible for a robust benefits package, including health, dental, and vision insurance, as well as access to a Health Savings Account, Healthcare Flexible Spending Account, life insurance, long-term disability leave, and a dependent daycare spending account. In addition, all regular employees enjoy incentive plans, a 401(k) plan with company match, short-term disability coverage, paid time off and holidays, participation in our Employee Stock Purchase Plan, and access to our Employee Assistance Program. Eligible employees may also benefit from our Non-qualified Retirement Plan Supplement and Capital Accumulation Plan, subject to IRS minimum earnings requirements.

Please note that “regular employees” refers to those who are not temporary staff, such as interns, and some benefits may not apply to employees in Puerto Rico. For further details about our comprehensive benefits, we encourage you to visit the link below.

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.