Overview
On Site
Depends on Experience
Contract - W2
Contract - 6 Month(s)
Skills
Account Reconciliation
Accounting
Budget
Cost Accounting
Medical Devices
Pharmaceutical Industry
Life Sciences
Inventory
Forecasting
Job Details
Duties:
Support the month-end closing process for inventory including:
Ensure manufacturing and supply chain functions are observing proper manufacturing jobs, shipping & receiving cut-off procedures.
Investigate inventory variances including purchase price, usage/yield spend absorption and scrap with manufacturing leaders.
Determine the need for inventory reserves and assist with the preparation of the quarterly inventory memos.
Support the month-end close process for operations including:
Prepare assigned month-end journal entries and account reconciliations for inventory accounts.
Meet with department owners to determine monthly accruals relating to inventory transactions.
Prepare management reporting that includes analysis of budgetary variances and operational KPIs associated with production and material movement.
Support detailed income statement analytics for cost of goods sold and assist with balance sheet analytic for relevant accounts.
Prepare financial reporting and analysis covering product costing, site Gross Margins, trends and Key Performance Indicators with explanation of business drivers.
Work closely with the system administrator and coordinate with leadership to implement any necessary system changes related to inventory sub-ledger.
Ensure proper documentation and support is maintained for all accounting transactions associated with the position.
Support the budget and forecasting process for Manufacturing activities for commercial products.
Assist with preparation of annual budget and periodic forecasts/ Latest Estimates/LEs , including documentation of assumptions, risks and opportunities.
Own the standard costing process for any product lines supported by the position.
Provide insight on cost savings activities and lead cost reduction initiatives.
Support other functions including:
Assist Supply Operations team with coordination and completion of the year-end inventory count for all product lines supported by the position, including preparation of roll-forward and writing memo reporting the results of the inventory count.
Prepare standard costing for inventory including the collection and evaluation of all assumptions and inputs from manufacturing leadership.
Serve as a subject matter expert for costing and inventory.
Implement and document SOX controls for areas of responsibility and support ongoing SOX internal control testing.
Liaison with external auditors and other vendors to ensure requests are met timely.
Develop and document policies and procedures for financial close and management reporting processes managed by the position.
Assume responsibility for other ad hoc analysis / projects as deemed necessary.
Skills:
General knowledge of US GAAP and SOX, general accounting, and a thorough understanding of cost accounting, preferably in pharmaceutical, medical device, or other life science industries
Knowledge of and experience in internal accounting controls and preparing and implementing accounting policies and procedures
Experience working in a fast-paced environment
Budgeting and Forecasting
Cost and Inventory Accounting
Demonstrated analytical abilities
Excellent oral and written English communication skills
Proven ability to manage multiple projects, set priorities and meet deadlines
Proficiency in MS Office including Excel (expert level), Word, Power Point
Education:
5+ years of relevant Management Accounting experience required
Degree in Accounting required
CPA/CMA or MBA a plus
Process Manufacturing, Pharmaceutical industry a plus
ERP or other financial systems implementation experience a plus
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