Senior Cost Accountant

$107,000 - $119,000/Yr

Sirtex Medical Limited - Woburn, MA

Full-time - Mid Level

Woburn, MA

Ambulatory Health Care Services

About the position

The Senior Cost Accountant at Sirtex Medical will play a crucial role in analyzing and managing the company's costs, ensuring accurate reporting to enhance operational efficiency. This position involves tracking, analyzing, and reporting on production costs, inventory valuations, and budget variances, contributing significantly to financial planning and decision-making processes.

Responsibilities

• Maintain and document cost accounting processes to ensure accurate standard costs and COGS in SAP.
• Establish and design cost accounting methodologies in SAP.
• Recommend changes to processes and policies to reduce costs and maximize profit.
• Analyze, report, and reduce purchase price variances.
• Maintain and analyze standard costs of existing and newly purchased materials and goods.
• Analyze scrapped goods and work to reduce scrap.
• Monitor and analyze gross margin on products sold, recommending cost-saving opportunities.
• Assist with cost analysis and implementation of standard costs for new products or business development opportunities.
• Work with business development to strategize for new products and develop proper costing at implementation.
• Oversee physical inventory counts and ensure reconciliation with financial records.
• Monitor inventory valuations and perform adjustments as necessary.
• Coordinate with production teams to manage stock levels efficiently.
• Assist in developing budgets for manufacturing and operational costs.
• Track actual expenses against budget and report variances.
• Collaborate with department heads to forecast operational needs.
• Prepare ad-hoc reports on COGS and inventory matters as needed.
• Report and communicate to corporate and others globally.

Requirements

• BS in Accounting; MBA is a plus.
• CPA preferred.
• 7+ years of experience in a similar position; experience in a medium or large sized multinational company preferred.
• Strong knowledge of US GAAP, IFRS, internal controls, and financial reporting required.
• Experience with SAP required.
• Experience in a manufacturing environment required, preferably in medical device/pharma/biotech environment.
• Advanced Excel skills, ability to work with pivot tables, lookups, and IF statements.
• Proficiency in Microsoft Word, Outlook, and PowerPoint.
• Strong analytical and problem-solving abilities.
• Strong organizational and interpersonal skills.
• Strong verbal and written communication skills.
• Ability to work collaboratively across departmental functions.
• Self-motivated to learn new concepts and participate in new projects.
• Technically savvy.

Benefits

• Paid sick and vacation time
• Health insurance
• Generous 401k matching program
• Incentive programs with a target bonus of 10%