Finance Manager – Contract Manufacturing (Hybrid - Acton, MA)
About The Position
We are seeking a results-driven and analytical Finance Manager to oversee financial reporting and analysis and accounting transactions related to our third-party contract manufacturing (CMO). The area of responsibility covers manufacturing operations in China and across the supply base where consigned inventories or other Insulet assets are used at 3rd party vendors. This role will work closely with the Supply Chain Organization and related finance support resources focused on accounting treatments and best practice implementation. This role is responsible for monitoring costs, managing inventory analysis and reporting, supporting contract execution and negotiations, and ensuring financial transparency and compliance. The CMO Manager will also assist in developing new contract manufacturing activities and relationships for future expansion. This role will also provide support to the global quality organization related to forecasting and expense management. This is a global role within a fast-growing medical device company, requiring strong cross-functional collaboration and business acumen.
Requirements
- Bachelor’s degree in Finance, Accounting, or related field (CPA, CMA, or MBA preferred).
- 8+ years of experience in financial analysis, cost accounting, or operations finance, preferably in a manufacturing and/or CMO environment.
- Strong understanding of manufacturing and supply chain processes/flows as well as related cost structures, inventory accounting, and supply chain finance.
- Proficiency in ERP systems (SAP, Oracle, or similar) and advanced Excel skills.
- Excellent analytical, communication, and business partnering skills.
- Ability to manage multiple priorities and work cross-functionally in a fast-paced, global environment.
Nice To Haves
- Experience working with third-party manufacturers or outsourced production models.
- Familiarity with contract review/implementation and financial risk assessment.
- Knowledge of standard costing, variance analysis, and inventory reconciliation.
- Experience with data visualization and analysis tools (e.g., Power BI, Tableau, Alteryx).
Responsibilities
- Lead monthly financial close activities for contract manufacturing (CMO), including inventory accruals, reconciliations, cost updates and variance analysis.
- Drive simplicity and efficiency into monthly activities and transactions to reduce the time and effort required to accurately close the general ledgers.
- Prepare and present financial reports on CMO and site performance, including cost trends, inventory levels, and margin impacts.
- Analyze actual vs. forecasted results and provide insights to support operational and strategic decisions.
- Develop and maintain dashboards and KPIs to monitor financial performance across both third-party and internal manufacturing.
- Support the development of the annual budget and quarterly forecasts related to operational variances, local spending (where applicable) and inventory fluctuations.
- Support of Operational Quality departments related to forecasting and variance analysis.
- Track and analyze manufacturing costs, including material, labor, overhead, and logistics associated with third-party and Irvine operations.
- Monitor inventory levels at CMO sites, the Irvine facility, and specific consigned inventories at vendor locations, ensuring accurate valuation, inventory controls, and reporting.
- Partner with supply chain and operations teams to optimize inventory turns and reduce unplanned excess or obsolete stock.
- Ensure compliance with internal controls and accounting standards related to inventory and cost of goods sold.
- Support and maintain compliance with Sarbanes-Oxley (SOX) requirements, including documentation and testing of key controls.
- Collaborate with internal audit and external auditors to facilitate reviews and implement corrective actions as needed.
- Provide guidance and support related to related transactional flows within the Insulet ERP system, including the design and recognition of earned overhead absorption.
- Ensure compliance and execution of CMO contract terms and business agreements within our internal accounting processes.
- Compliance audits related to fixed assets located at remote CMO facilities.
- Support contract negotiations with CMOs by providing financial modeling, cost benchmarking, and scenario analysis.
- Collaborate with procurement, legal, and operations teams to evaluate commercial terms, supply chain strategies and financial implications.
- Serve as the finance lead for CMO and supporting the Irvine site regarding relationship management, ensuring alignment on performance metrics and cost expectations.
- Identify and drive opportunities for cost savings and operational efficiency.
Benefits
- Medical, dental, and vision insurance
- 401(k) with company match
- Paid time off (PTO)
- Additional employee wellness programs
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What This Job Offers
Job Type
Full-time
Career Level
Senior
