DescriptionPosition Summary: The Financial Analyst - Cost Accounting & Inventory is responsible for supporting the company's cost accounting processes, inventory valuation, forecasting, and financial analysis with a particular focus on inventory management. This role partners closely with Operations, Supply Chain, Engineering, and Accounting to ensure inventory accuracy, support month-end close activities, analyze manufacturing performance, and provide actionable insights that improve profitability and operational decision-making.
Key Responsibilities:Inventory Management- Monitor inventory balances and ensure accurate valuation of Inventory.
- Perform detailed reconciliations of Inventory purchases, consumption, transfers, recoveries, and scrap.
- Analyze Inventory usage and yield, identifying opportunities to improve recovery rates and reduce losses.
- Support physical inventory counts and cycle count programs, including reconciliation of inventory discrepancies.
- Track Inventory market pricing and evaluate financial impacts on inventory valuation, manufacturing costs, and customer pricing.
- Collaborate with Supply Chain and Operations to improve inventory controls and optimize inventory levels.
Cost Accounting- Support monthly cost accounting close activities, including inventory valuation, manufacturing variances, and journal entries.
- Analyze purchase price, labor, overhead, scrap, and production variances and communicate key drivers to management.
- Assist with standard cost development, annual cost roll updates, and ongoing standard cost maintenance.
- Partner with Operations to improve manufacturing cost visibility and identify cost reduction opportunities.
- Perform inventory reserve analysis and assist with excess and obsolete inventory reviews.
- Support internal and external audits related to inventory and manufacturing accounting.
Forecasting & Financial Analysis- Help prepare monthly forecasts and assist with the annual budgeting process for manufacturing operations.
- Help develop variance analyses comparing actual results to forecast, budget, and prior year performance.
- Analyze manufacturing performance, inventory trends, and key operational metrics to identify risks and opportunities.
- Create and maintain financial models to support business decisions and operational improvements.
- Prepare management reporting packages and present financial insights to business partners.
Must Have:- Bachelor's degree in Accounting, Finance, or related field.
- 2-5 years of experience in financial analysis, cost accounting, or manufacturing finance.
- Experience in a manufacturing environment.
- Strong understanding of cost accounting principles and manufacturing finance.
- Knowledge of inventory accounting, standard costing, and variance analysis.
- Advanced Microsoft Excel skills, including PivotTables, Power Query, and financial modeling.
- Experience with ERP systems such as Oracle, SAP, Microsoft Dynamics, or similar.
- Strong analytical and problem-solving skills with exceptional attention to detail.
- Excellent communication skills with the ability to present financial information to both finance and operational leaders.
- Ability to manage multiple priorities in a fast-paced manufacturing environment.
Good to have:- Medical device or highly regulated industries preferred.
- Experience with standard costing and inventory accounting.
- Experience working with Inventory accounting or high-value inventory.
Salary Range: $85,000 to $110,000 based on skills and experience
We work to create a culture that is built on innovation, respect, transparency and communication, and hope you take pride in being a member of our team. It is Cirtec's goal to create a great work environment and to keep the company a great place to work. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage. Our benefits include Training and career development, Healthcare and well-being programs including medical, dental, vision, wellness and occupational health programs, Paid Time Off and 401(k) retirement savings with a company match.
