Senior Manager - Cost Accounting (Hybrid - Kennesaw, GA)

CryoLife - Kennesaw, GA

Full-time - Senior

Hybrid - Kennesaw, GA

1,001-5,000 employees

Ambulatory Health Care Services

About the position

The Senior Manager, Cost Accounting at Artivion, Inc. plays a pivotal role in overseeing the costing, gross margin, and inventory reporting processes within the organization. This position is crucial for ensuring that accurate, timely, and insightful financial data is available to support strategic business decisions. The Senior Manager will lead the development and management of cost models, oversee budgeting for costs and inventory, and ensure compliance with internal controls over cost accounting processes. This role requires a strong analytical mindset and the ability to collaborate effectively with various departments, including operations, finance, and IT, to enhance reporting capabilities and drive process improvements. In this position, the Senior Manager will be responsible for managing domestic models and standard costing, which includes the monthly preparation of cost models and the execution of standard costing. The role also involves maintaining and improving production summary trending and analyses, developing key performance indicators (KPIs) in collaboration with senior management and operations, and overseeing the review and updates of bills of materials (BOM) and routing used in domestic costing. Additionally, the Senior Manager will manage cost accounting functions, including conducting physical and cycle counts of inventory, preparing account reconciliations, and reviewing cost and inventory journal entries. The position also entails overseeing the preparation of domestic budget models, providing detailed analyses of costs, obsolescence, gross margin, and inventory to support strategic business decisions. Furthermore, the Senior Manager will lead the creation and distribution of monthly cost, gross margin, and inventory reporting, providing cost analyses to support decision-making processes. The role requires a proactive approach to process improvements, leading projects aimed at enhancing reporting tools and capabilities, and identifying opportunities for automation and standardization in cost and gross margin reporting. Collaboration with various stakeholders is essential to ensure alignment on cost, gross margin, and inventory needs, as well as to support the business in identifying opportunities for cost savings and efficiency improvements.

Responsibilities

• Oversee monthly preparation of cost models and execution of standard costing.
• Manage maintenance and continual improvement of production summary trending and analyses, including development of KPIs in collaboration with senior management and operations.
• Oversee BOM and routing review and updates used in domestic costing.
• Conduct physical and cycle counts of inventory and tissues to support balance sheet accounts.
• Prepare and review account reconciliations in BlackLine.
• Prepare and review cost and inventory journal entries.
• Oversee preparation of domestic budget models and provide accurate and timely data to the FP&A team.
• Provide detailed cost, obsolescence, gross margin, and inventory analyses to support strategic business decisions.
• Oversee intercompany profit elimination entries for domestic products shipped globally.
• Lead the creation and distribution of monthly cost, gross margin, and inventory reporting.
• Provide cost analyses to support strategic decision making.
• Lead projects aimed at enhancing reporting tools and capabilities, working closely with IT, operations, and operations business support.
• Identify opportunities to improve the efficiency and effectiveness of cost and gross margin reporting through automation and standardization.
• Collaborate with Operations Business Support to support business in identifying opportunities for cost savings and efficiency improvements.
• Develop cost modeling and analyses for new products or opportunities in collaboration with operations, finance, and FP&A.
• Lead collaboration with operations, finance, FP&A, and other stakeholders to ensure alignment on cost, gross margin, and inventory needs and priorities.
• Collaborate with FP&A, operations, IT, and other departments to enhance data infrastructure and reporting capabilities.

Requirements

• Bachelor's degree in Finance, Accounting, or related field; MBA preferred.
• Minimum of 10 years of progressive finance experience, with at least 7 years in a leadership role.
• Experience in a publicly traded company, preferably within the medical device or healthcare industry.
• 7+ years of cost accounting experience preferred.
• Strong analytical and critical thinking skills with the ability to interpret complex financial data.
• Excellent communication and people skills, with the ability to influence and collaborate with senior management and other stakeholders.
• High level of attention to detail and accuracy, with a commitment to maintaining the integrity of financial data.
• Ability to manage multiple priorities and work effectively under pressure in a fast-paced environment.
• Advanced knowledge of financial software and tools (e.g., ERP systems such as SAP or Microsoft Navision, Microsoft Excel, financial modeling).
• In-depth knowledge of US GAAP regulatory requirements and financial reporting standards applicable to publicly traded companies.
• Proven record of leading and developing high-performing teams.
• Ability to drive change and implement effective financial strategies in a dynamic environment.