Senior Cost Accountant
About The Position
The Senior Cost Accountant supports manufacturing operations through financial analysis and cost management. The role evaluates manufacturing processes, identifies cost drivers, and provides actionable insights to improve operational efficiency and financial performance. It owns and maintains the standard cost environment, performs inventory accounting and reconciliations, supports monthly close and audits, and develops financial models and reporting to inform operational decisions. The position partners with Manufacturing, Operations, Supply Chain, IT, and the Controller to ensure costs and financial records reflect current processes and comply with GAAP, cGMP, and company policies.
Requirements
- Bachelor's degree in accounting or finance.
- At least 6 years of accounting experience.
- At least 5 years of manufacturing cost accounting experience.
- ERP experience; D365 preferred.
- Pharmaceutical or medical device experience required.
- Advanced Excel and cost modeling skills.
- Strong analytical mindset.
- Detail-oriented with regulatory awareness.
- Ability to communicate financial drivers to operations leadership.
Nice To Haves
- D365 experience.
Responsibilities
- Maintain and validate standard cost build-ups for active pharmaceutical ingredients, device components, and packaging.
- Own the design, integrity, and evolution of the standard cost environment, including labor, overhead, material, yields, routings, and absorption assumptions.
- Analyze purchase price variance, material usage, labor efficiency, overhead absorption, scrap, and yield variances.
- Review and investigate production order variances in D365.
- Support cost roll processes and bill of materials accuracy.
- Reconcile raw materials, work in process, and finished goods.
- Lead the monthly inventory roll-forward and subledger-to-general-ledger reconciliation.
- Support audit cycle counts and annual physical inventory.
- Analyze slow-moving and obsolete inventory.
- Provide profit and loss variance commentary to leadership.
- Validate bill of materials integrity and routing cost accuracy.
- Troubleshoot costing discrepancies, perform root cause analysis, and recommend corrective actions.
- Identify emerging risks and opportunities before they appear in financial results.
- Continuously evaluate and improve how production activity flows through the cost system.
- Partner with Manufacturing, Operations, and Supply Chain to ensure standards reflect current processes, capacity, and constraints.
- Assess the financial impact of changes in volume, mix, utilization, rework, scrap, and yield performance.
- Partner with IT and Operations on system improvements.
- Perform monthly inventory valuation for raw materials, work in process, intermediates, and finished goods.
- Ensure financial records align with batch records and regulatory documentation.
- Participate in monthly close activities related to manufacturing costs.
- Prepare manufacturing accrual and inventory adjustment journal entries.
- Analyze inventory movements, including transfers, reclassifications, scrap, and consumption.
- Ensure accuracy and compliance with GAAP, cGMP, and company policies.
- Partner with the Controller to support audits, controls, and financial governance.
- Build and maintain financial models for scenario analysis, decision-making, and operational planning.
- Prepare budget-versus-actual cost bridges and reporting.
- Analyze labor efficiency, overhead absorption, spending trends, and margin drivers.
- Translate data into clear narratives explaining results and recommended actions.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
