Prin Cost Accountant

MiniMed•Juncos, PR

About The Position

At MiniMed, you can begin a lifelong career of exploration and innovation, while helping make a difference in the lives of people living with diabetes around the globe. You'll lead with purpose, breaking down barriers to innovation for a more connected, compassionate world. About the Role Are you a financial expert passionate about driving cost accuracy, analytics, and financial performance? Join our team as a Principal Cost Accountant and take end-to-end ownership of costing, analytics, and financial validation processes for our Juncos manufacturing site.

Requirements

Bachelor’s degree in accounting, Finance, or related field required.
Minimum of 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
Strong experience in cost accounting within a manufacturing environment.
Proven experience with standard costing, cost roll processes, and variance analysis (including MUV).
Demonstrated ability to support financial planning cycles (AOP – Annual Operating Plan, OPC – Other Product Cost / Actuals).
Experience working with ERP systems (e.g., SAP) and financial reporting tools.
Strong analytical and problem-solving skills with the ability to translate data into actionable business insights.
Demonstrated ability to partner with cross-functional teams (e.g., Operations, Supply Chain) and influence decision-making.
Solid understanding of internal controls, financial compliance, and data integrity principles.
Effective communication skills with the ability to present financial information to various levels of the organization.

Nice To Haves

CPA or other relevant professional certification (e.g., CMA) is a plus.
Experience with SAP and reporting tools/applications (e.g., financial reporting or data visualization tools).
Exposure to master data management and data governance within financial systems.
Demonstrated continuous improvement mindset, with interest in driving process enhancements and efficiencies.
Strong collaboration skills and ability to work effectively as part of a cross-functional team.
Comfortable working in a dynamic environment with evolving priorities and business needs.

Responsibilities

Lead costing, analytics, and financial validation processes for a complex manufacturing environment.
Partner with Operations and Value Stream leaders to deliver key financial insights and support savings commitments.
Drive accurate and timely financial reporting and cost control while ensuring compliance.
Play a critical role in enabling our transition to a value stream-aligned finance model as part of the MiniMed separation.
Ensure data integrity and reporting excellence across systems and cross-functional teams.
Allocates costs, collects data, and prepares reports to support and maintain the company’s cost accounting system.
Ensuring costs are accurately allocated in accordance with established procedures and internal controls.
Leads and is accountable for the Juncos annual cost roll, ensuring accurate standard cost updates and alignment with financial planning cycles (AOP – Annual Operating Plan and OPC – Other Product Cost / Actuals).
Performs Material Usage Variance (MUV) analysis and provides clear root cause insights and recommendations.
Leads cost analysis by product and value stream, providing financial visibility to support Value Stream leaders and operational decision-making.
Analyzing cost drivers including labor, burden, material, and scrap, identifying risks and opportunities for cost improvement.
Prepares and presents financial bridges (OPC vs. actuals) to explain key variances and highlight major gaps versus plan.
Provides guidance and visibility to stakeholders on significant cost variances, risks, and savings opportunities.
Reviews and leverages historical cost data (materials, labor, burden, and operating expenses) to support cost analysis, financial planning, and variance explanations.
Supports pricing and new product costing by developing unit costs and projecting expenses.
Prepares reports comparing budgets/forecasts to actual results and supports profitability analysis.
Recommends and supports improvements to costing processes, systems, and data integrity.