Principal Cost Accountant

MiniMed•Los Angeles, CA

5d•$121,000 - $205,000•Hybrid

About The Position

The Principal Cost Accountant is responsible for overseeing end-to-end product costing activities and delivering strategic analysis of product, process, and operational costs. This role ensures the accuracy of costing methodologies, inventory valuation, variance analysis, and financial reporting. It partners closely with operations, supply chain, and executive leadership to drive improved profitability and operational efficiency across manufacturing facilities, distribution centers, and contract manufacturing partners. This is a hybrid role based in Northridge or Puerto Rico (Other locations could be considered), requiring a combination of on-site and remote work to effectively support business operations and cross-functional collaboration. The position may require up to 10% of domestic and/or international travel to support business needs, stakeholder engagement, and key initiatives.

Requirements

Bachelor's degree and 7 years of relevant experience Or, advanced degree and 5 years of relevant experience

Responsibilities

Manage and optimize the standard costing system across manufacturing sites, distribution centers (DCs), and contract manufacturing partners, ensuring accurate cost allocation, tracking, and financial reporting.
Perform comprehensive cost analysis for products, processes, and operations, including labor, material, and overhead components.
Develop, enhance, and maintain cost models supporting commercial products and process changes.
Conduct Labor, Burden, and Material (LBM) analysis, including actual vs. standard variance reporting and YoY changes
Oversee Cost of Goods Produced (COGP) and Cost of Goods Sold (COGS) reporting, ensuring accuracy, compliance, and timely execution.
Lead daily costing activities for distribution centers, contract manufacturing operations, and the Chengdu site.
Manage and coordinate with cross-functional teams, the annual cost roll-up process, standard rate updates, and allocation methodologies for material, labor, and overhead to ensure accurate product costing and reporting integrity.
Support strategic decision-making through financial modeling, scenario analysis, and margin impact assessments.
Calculate and maintain weighted average LBM for Value Streams products
Develop and execute the global annual revaluation plan.
Oversee cost roll reconciliation processes, summarize the impact of cost changes, and collaborate with cross-functional teams to validate results.
Support gross margin reporting and allocation by value stream.
Perform Standard Margin analysis, including volume, price, and mix variance.
Collaborate closely with cross-functional and regional stakeholders to support product costing, financial transparency, and cost of goods sold (COGS) reporting.
Support ERP & Systems implementations.