Job SummaryThe Cost Accountant provides cost, general accounting, accounts receivable, and revenue recognition support. This includes maintaining the cost and inventory systems, supporting customer invoicing and accounts receivable reconciliations, preparing financial reports and analyses, supporting monthly revenue recognition activities, and leading the cost of sales planning and forecasting processes.
This position is also responsible for providing cost estimates and financial analysis of new product development, supporting revenue accruals and deferred revenue analysis, and assisting with collection and cash application activities as needed. This position works closely with Purchasing, Manufacturing, Supply Chain, Quality Services, Research & Development, Commercial Operations, Customer Service, and Finance.
Essential FunctionsReasonable accommodations will be made to enable individuals with disabilities to perform the essential functions.
- Maintains raw material and finished goods standard costs
- Performs monthly financial closings, reconciliations and journal entries associated with inventory and variance accounts
- Supports customer invoicing, cash application, and accounts receivable reconciliations, including review of aging balances and collection follow-up as needed
- Supports revenue recognition activities, including revenue accruals, deferred revenue analysis, contract or purchase order review, and revenue account reconciliations in accordance with company accounting policies
- Performs inventory aging, reserve and scrap analyses
- Prepares period end reports for Operations and Finance management.
- Leads the cost of sales planning and forecasting processes, to include the review and analysis of material costs, labor rates, fixed and variable overhead rates, and excess capacity
- Analyzes the cost of sales against budget and forecast
- Performs cost estimates and financial analysis of new product development
- Performs special financial analysis and projects as needed
The above statements are intended to describe the nature of work performed by those in this job and are not an exhaustive list of all duties. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time which reflects management's assignment of essential functions.
Minimum Education, Experience, Skills- Bachelor's degree in Finance
- 3 to 5 years' experience in a process costing industry (preferably pharmaceutical) with experience in the design, implementation and maintenance of standard cost, budgeting, financial accounting, accounts receivable, and revenue recognition systems.
- Experience with accounts receivable processes, including customer invoicing, customer account reconciliations, collections support, cash application, and month-end accounts receivable close activities.
- Experience supporting revenue recognition processes, including revenue accruals, deferred revenue analysis, contract or purchase order review, revenue account reconciliations, and compliance with company accounting policies.
- Experience using Excel and SAP, or comparable ERP/accounting systems, preferred.
- Strong analytical skills with high attention to detail.
- Ability to adapt and prioritize competing projects.
- Detail-oriented with strong organizational skills and ability to manage multiple priorities.
- Superior communication and interpersonal skills
- Experience in Macromolecules
Compensation and Benefits We offer a comprehensive benefits package designed to support our employees' wellbeing, including:
- Competitive salary and performance-based incentives
- Comprehensive health coverage including medical, dental, and vision insurance
- Retirement savings plans with employer matching contributions
- Paid time off
- Professional development opportunities
- Employee wellness programs and resources
- Employee Assistance Program and Mental Health Resources