Cost Accounting Manager

Foster Mckay - Parsippany, NJ

Full-time - Mid Level

Parsippany, NJ

Administrative and Support Services

About the position

The Cost Accounting Manager will oversee financial reporting, planning, forecasting, and analysis for Third Party Contract Manufacturing Organization (CMO) sites within the pharmaceutical industry. This role involves managing cost and inventory accounting, departmental accruals, and monthly close activities, ensuring timely and accurate financial information is provided to support business decisions.

Responsibilities

• Manage the budget and forecasting process for all commercial products at CMO sites.
• Prepare annual budgets and quarterly forecasts including capital expenditures.
• Document and understand assumptions, risks, and opportunities.
• Prepare documentation, including presentations, trends, and variance analysis.
• Review headcount requisitions for alignment with budget and business justifications.
• Timely review purchase requisitions and ensure accuracy of coding and consistency with budget.
• Manage CMO product costing and inventory accounting.
• Prepare month-end journal entries and account reconciliations for inventory.
• Prepare balance sheet analytics for appropriate accounts.
• Prepare documentation including trends, variance analysis, spend by department, and analysis of budget versus actual.
• Prepare detailed margin analytics, product costs, and key performance indicators with explanations of business drivers.
• Timely report on manufacturing variances including material, labor, and overhead variances and product costing actual versus forecast.
• Interact with external and internal auditors, prepare and provide documentation for annual audits and SOX compliance.
• Standard cost development and inventory reserve development.
• Conduct annual inventory counts and develop policies and procedures for monthly system close.
• Act as finance liaison with CMO and management, reviewing bill-backs from contract manufacturers and facilitating dispute resolutions.
• Train the business on financial policies and procedures and provide support on business decisions through financial analysis and modeling.

Requirements

• Bachelor's degree in Accounting/Finance from an accredited college or university.
• CPA or MBA is a plus.
• Minimum of 5 years of related experience in Finance and Accounting, including cost accounting experience.
• Experience in Process Manufacturing and Pharmaceuticals is a plus.
• Strong knowledge of Cost and Inventory Accounting.