Principal Cost and Inventory Accountant

Revvity•Lafayette, LA

7d•Hybrid

About The Position

Revvity is a developer and provider of end-to-end solutions designed to help scientists, researchers, and clinicians solve the world’s greatest health challenges. We pair the enthusiasm of an industry disruptor with the experience of a longtime leader. Our team of 11,000+ colleagues from around the globe are vital to our success and the reason we’re able to push boundaries in pursuit of better human health. Find your future at Revvity. Overview: We are seeking a detail-oriented Senior Cost & Inventory Accountant to join our dynamic finance team at Revvity's Lafayette operations. This critical role offers the opportunity to drive financial excellence across our innovative Dharmacon Inc. and BIOO business units while partnering with cross-functional teams to optimize manufacturing operations. This is a hybrid role based at our Lafayette site. As a key member of our accounting organization, you'll take ownership of complex inventory accounting processes, manage global royalty operations, and serve as a trusted financial advisor to our manufacturing teams. This position is ideal for an experienced accounting professional looking to make a meaningful impact in the life sciences industry while advancing their career with a leading global company. Role Overview: As the Senior Cost Accountant, you will take full ownership of all inventory accounting operations under ASC 330 for both the Dharmacon Inc. and BIOO business units, ensuring financial accuracy and operational excellence. This role includes managing local ledger entries, product BOM standard costing, variance analysis, Cycle Counts, and Excess & Obsolescence tracking management. You’ll deliver timely, precise financial data while leading robust inventory controls. Beyond technical accounting expertise, you’ll champion cross-functional collaboration and continuous process improvement, delivering strategic financial analysis that supports the success of Lafayette operations. You’ll also oversee our global supplier royalty program: calculating, validating, and initiating payments for Dharmacon and BIOO sales worldwide ensuring compliance and strong vendor partnerships. As a trusted finance business partner to Manufacturing Operations, you’ll provide critical financial oversight and actionable insights that drive performance (Actual, AOP, Forecast), efficiency, and data-informed decision-making across our manufacturing network on key indicators such as HC, OPEX, CAPEX, and Spending.

Requirements

Bachelor’s degree in accounting, finance, or a related field
Minimum of 5 years of progressive inventory, cost accounting experiences
1-2 years of experience in financial planning & analysis

Nice To Haves

Appropriate accounting qualification (CMA, CPA)
Prior public accounting experience
Previous experience of Microsoft Dynamics D365 and/or SAP
Experience operating in a SOX environment
Strong Excel and accounting systems skills
A desire to improve processes and drive efficiency
Sound knowledge of accounting principles, standards, and regulations
Strong verbal and written communication skills
Ability to multi-task, work under pressure, and meet deadlines

Responsibilities

Account for inventory under ASC 330 for two businesses located in Lafayette, Colorado
Oversee comprehensive inventory accounting, including scrap management, cycle count coordination, and reserve calculations for Lafayette manufacturing operations
Interact and work with the operations teams in Lafayette, Colorado
Interact with controlling teams in the UK and Poland for posting entries
Manage relationships with external service providers supporting inventory accounting functions, including review and oversight of outsourced work
Propose month-end adjustments by product line based on operations inventory stock reports
Perform sophisticated journal entries and detailed general ledger account analysis to support accurate financial reporting
Reconcile inventory and related accounts on a monthly basis, leading process improvements for GL to subledger reconciliations
Perform/manage cycle count process
Maintain the LIM systems; purchasing and sale of inventory items and interaction with D365 and SAP systems
Calculate and propose inventory reserve amounts
Monitor movements between inventory (raw material, work in process, and finished goods)
Review monthly costs, including manufacturing expense and other costs, variances, etc.
Conduct monthly variance analysis of process orders, material manufacturing variances, scrap, absorption, and spending patterns
Perform and assess the annual standard cost updates
Plan/budget labor overhead rates and other burden rates for manufacturing
Coordination of monthly inventory close activities with the sites
Execute month-end close accounting and reporting requirements, operating expenses controlling & compliance, variance analysis & commentary, and presenting on financial performance, staffing, and key financial metrics regularly
Partner with Supply Chain, Operations, Quality Operations, and Planning teams to ensure accurate inventory valuation and reporting across Lafayette operations
Lead accounting controls functions and reporting requirements for inventory reserves, pre-approval manufacturing processes, and standard costing systems
Support the development of new systems, processes, and reports
Support the Controller with special projects and workflow process improvements
Serve as finance and business partner for Operations, and provide financial oversight for HR, IT, EH&S, Engineering, Spare Parts, New Products, and Capital
Lead capital projects, Make-vs-Buy analysis, and strategic sourcing, driving cost savings and operational efficiencies
Identify insourcing/outsourcing opportunities and conduct value analysis to enhance financial performance
Monitor business risks & opportunities, providing proactive financial insights to optimize performance
Manage site-specific accruals and coordinate with budget owners on Lafayette operations
Lead departmental budget processes (AOP/Budget, Actuals, and Forecast), including monthly reviews with plant management
Analyze and track cost improvement projects, providing monthly updates
CAPEX, OPEX, Overhead Spend, Headcount, KPIs planning and monitoring (AOP/Budget, Actuals, and Forecast) for Lafayette site operations
Lead responsibility for the Site's Operational P&L | Cash Flow | Balance Sheet budgets, forecasts plan in close cooperation with the SLT for spending (FP&A), standard cost, headcount, program savings, and capital spending
Execute financial planning cycles, including budgeting and forecasting, for global operations (CAPEX / OPEX / HC / COGM / COGS)
Conduct financial analysis for cost improvement initiatives and strategic investment decisions
Ensure compliance with internal controls and Sarbanes-Oxley (SOX) requirements
Prepare balance sheet reconciliations with variance commentary comparing the current month to the prior year
Consolidate and analyze inventory balances by product line within Lafayette operations
Support preparation of Plan, Actual, and Forecast numbers, analysis of variances, along with commentary of its contributors for site reporting
Ownership, calculation, and payment initiation of supplier royalties due on sales made by the Dharmacon and BIOO businesses worldwide
Financial Planning and Analysis ("FP&A") support for the BIOO business
Participate in FP&A forecast
Lead the annual operating plan ("AOP"), inventory planning, and execution (updating forecast each month)
Prepare quarterly financial forecasts for inventory-related balances