Cost Accountant

We are seeking a meticulous Cost Accountant with a background in manufacturing to oversee cost accounting activities within our organization. The Cost Accountant plays a critical role in analyzing, controlling, and optimizing costs to support our mission of delivering innovative secure drug delivery devices while ensuring profitability and compliance with industry regulations.

Essential Duties and Responsibilities:

· Establish and maintain cost accounting systems and procedures tailored to the unique requirements of the medical device manufacturing industry.

· Reviews cost and variance trends, researching significant variations and recommending appropriate response.

· Conducts daily operating performance analysis, including inventory movements, sales, and cost of goods sold to identify significant issues in a timely fashion.

· Reviews new BOMs and routers submitted for accuracy.

· Performs monthly inventory evaluation and reconciliation of cost ledgers.

· Evaluates and approves cost review requests, including operating impact analysis.

· Performs annual cost roll and inventory revaluation. Works with purchasing and operations management to enhance accuracy of cost components.

· Computes break-even points, profit margins, and production costs.

· Analyzes manufacturing costs and prepares regular reports, comparing standard costs to actual production costs. Making estimates of new and proposed product costs.

· Provides management with reports on factors affecting prices and profitability of products.

· Assists in audits and general ledger preparation.

· Prepares and analyzes gross margin reports by product.

· Analyzes changes in product design, raw materials, or manufacturing methods to determine effects on cost.

· Reviews cost allocation, assumptions, and rates.

· Owns month-end closing process and assists in budgeting and forecasting activities.

· Responsible for overall physical inventory and related audits.

· Coordination with operations to facilitate the periodic update of the standard cost in the bill of materials.

Required Job Qualifications:

· Bachelor’s degree in accounting, finance, business administration or related field.

· 5 or more years of cost accounting experience.

· Proficiency in ERP systems (e.g., SAP, Oracle) and advanced proficiency in Microsoft Excel.

· Strong analytical skills with the ability to interpret complex data and provide actionable insights.

· Excellent communication and collaboration skills with the ability to work effectively with cross-functional teams.

· Detail-oriented with a high degree of accuracy and integrity in financial reporting.

· Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.

· Knowledge of FDA regulations and ISO standards related to medical device manufacturing is preferred.

· Commitment to continuous learning and professional development in the field of medical device manufacturing cost accounting.

Preferred Job Qualifications:

· Advanced knowledge of ERP software.

Physical Demands:

· Standard office environment.