Sr. Cost Accountant

Responsibilities

• Oversee and assist with execution of the daily operations of inventory and COGS accounting transactions.
• Responsible for all aspects of standard cost rolls including component cost updates, overhead rates, bill of materials review, and routing maintenance (including labor costs and subcontract processing).
• This includes quarterly standard cost validations and revaluations.
• Perform month end accounting close and reporting duties (i.e., prepare journal entries and monthly Balance Sheet account reconciliations) specifically related to inventory.
• Ensure accurate inventory valuation on the balance sheet and establish required reserves.
• Prepares quarterly internal and external audit controls and backup.
• Perform analysis on spending and absorption, purchase price variance, work orders (production variances), inventory driven costs (Scrap, E&O, cycle count, etc.) for the monthly scorecard and plant (site) package.
• Work with Purchasing and Operations to investigate the variances.
• Develop and monitor the cycle count program, review adjustments, investigate root causes, and work with relevant functions to develop control plans.
• Business Partnering: Act as a trusted thought partner to manufacturing and operations leaders, providing financial perspective to support planning and decision-making.
• Collaborate with operations to convert demand forecasts into production plans, standard cost assumptions, and inventory targets, including analysis of variances versus actual results.
• Partner with operations and quality management to ensure inventory movement transactions are properly recorded.
• Maintain inventory / COGS related data and system attributes within NetSuite.
• Review item records/maintenance by Operations.
• Identify and implement improvements in inventory control and costing processes to enhance efficiency, accuracy, and internal controls.
• Assist the Company as we move from pre-commercial to commercial stage specifically in inventory/cost accounting.
• Execute the accounting processes and activities across the organization to ensure compliance with the U.S. GAAP, internal policies, and external audits.
• Maintain a strong internal control environment and prepare documentation in accordance with Sarbanes-Oxley 404 internal control (SOX) policies and procedures.
• Coordinating implementation of accounting controls processes or new systems as needed.
• Promote a culture of continuous improvement and operational innovation as well as continue to grow the accounting team with the Company.
• Partner with third party vendors for appropriate software, tools and services for the Company.
• Participate in or lead ad-hoc tasks/projects, as needed.

  Requirements

  • A minimum of 6+ years of related work experience in cost accounting, preferably in manufacturing or biotechnology, holding similar responsibilities.
  • Degree in Finance or Accounting, or equivalent experience.
  • Solid knowledge of GAAP related to inventory and COGS required.
  • Experience working with enterprise financial systems (NetSuite is a plus).
  • Ability to solve and analyze problems, multi-task, meet deadlines, and learn new skills and systems.
  • Strong analytical skills and proficiency in Excel.
  • Detail-oriented, ability to thrive in a fast-paced environment and able to perform tasks both in a team as well as individually.
  • Successful experience with inter-departmental teamwork.
  • Desire for continuous learning and flexibility to work in multiple areas.