Cost Accountant

Bora Pharmaceuticals•Maple Grove, MN

2d•$74,000 - $101,000

About The Position

Bora Bora Pharmaceuticals is a premier international contract development and manufacturing organization (CDMO) specializing in formulation development, clinical and commercial manufacturing, and packaging of complex oral solid dose, liquid, semi-solid, biologics, and sterile injectable pharmaceutical products. From our world-class sites in North America and Asia, we deliver drug products with unparalleled quality to more than 100 markets around the world. Bora’s teams, technologies, and facilities work seamlessly together to enable our clients to deliver much-needed therapeutics to patients worldwide. At Bora Pharmaceuticals, we see it as our mission, our duty, our responsibility, to make our success and our customer’s success more certain. Job Summary The Cost Accountant provides cost, general accounting, accounts receivable, and revenue recognition support. This includes maintaining the cost and inventory systems, supporting customer invoicing and accounts receivable reconciliations, preparing financial reports and analyses, supporting monthly revenue recognition activities, and leading the cost of sales planning and forecasting processes. This position is also responsible for providing cost estimates and financial analysis of new product development, supporting revenue accruals and deferred revenue analysis, and assisting with collection and cash application activities as needed. This position works closely with Purchasing, Manufacturing, Supply Chain, Quality Services, Research & Development, Commercial Operations, Customer Service, and Finance.

Requirements

Bachelor’s degree in Finance
3 to 5 years' experience in a process costing industry (preferably pharmaceutical) with experience in the design, implementation and maintenance of standard cost, budgeting, financial accounting, accounts receivable, and revenue recognition systems.
Experience with accounts receivable processes, including customer invoicing, customer account reconciliations, collections support, cash application, and month-end accounts receivable close activities.
Experience supporting revenue recognition processes, including revenue accruals, deferred revenue analysis, contract or purchase order review, revenue account reconciliations, and compliance with company accounting policies.
Experience using Excel and SAP, or comparable ERP/accounting systems, preferred.
Strong analytical skills with high attention to detail.
Ability to adapt and prioritize competing projects.
Detail-oriented with strong organizational skills and ability to manage multiple priorities.
Superior communication and interpersonal skills

Nice To Haves

Experience in Macromolecules

Responsibilities

Maintains raw material and finished goods standard costs
Performs monthly financial closings, reconciliations and journal entries associated with inventory and variance accounts
Supports customer invoicing, cash application, and accounts receivable reconciliations, including review of aging balances and collection follow-up as needed
Supports revenue recognition activities, including revenue accruals, deferred revenue analysis, contract or purchase order review, and revenue account reconciliations in accordance with company accounting policies
Performs inventory aging, reserve and scrap analyses
Prepares period end reports for Operations and Finance management.
Leads the cost of sales planning and forecasting processes, to include the review and analysis of material costs, labor rates, fixed and variable overhead rates, and excess capacity
Analyzes the cost of sales against budget and forecast
Performs cost estimates and financial analysis of new product development
Performs special financial analysis and projects as needed