Terumo Medical Corporation

Sr Cost Accountant-Operations

Terumo Medical Corporation$75K — $94K *
Manufacturing & Automotive
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent experience in accounting or finance.
  • Minimum 5 years of experience in a manufacturing environment.
  • SAP experience preferred for system management.
  • Advanced degree (MBA, CCE, CMA, CPA) is beneficial.
  • Technical knowledge of FASB, IRS, SEC regulations.
  • In-depth knowledge in areas like Taxes, Treasury, Cost Accounting.
  • Excellent analytical skills and ability to work with financial data.

Responsibilities

  • Develop and maintain financial systems to ensure compliance with accounting principles.
  • Analyze external financial requirements and adapt them to the business context.
  • Resolve non-routine financial issues and communicate with internal and external stakeholders.
  • Ensure proper valuation of inventories per GAAP and safeguard company assets.
  • Train internal customers on financial transactions and related procedures.
  • Compute manufacturing variances and provide cost accounting insights to manufacturing teams.
  • Evaluate existing inventory and production procedures for weaknesses and propose improvements.

Benefits

  • Comprehensive medical, dental, and vision plans.
  • Robust wellness program to support health and well-being.
  • Life insurance and disability coverage options.
  • 401(k) retirement plan with matching contributions.
  • Flexible vacation and sick time policies.
  • Access to voluntary programs like pet insurance and critical illness coverage.
Full Job Description
Requisition ID: 35042

Sr. Cost Accountant

JOB SUMMARY

Under minimum supervision, this position includes the daily management of new and existing systems, developing new financial systems, as well as the maintenance, monitoring, and enhancing of existing systems. This position will evaluate the adequacy of and implement improvements to those systems in accordance with FASB, IRS, and SEC regulations. Such systems may include General Accounting, Credit, Cost Accounting, Treasury, Benefits, or Taxes.

ESSENTIAL DUTIES
  • Develops, maintains, and monitors financial systems to ensure integrity in accordance with generally accepted accounting principles and Terumo BCT accounting procedures.
  • Utilizes expertise to interpret the various outside generated requirements and practices and determines their applicability to the business.
  • Analyzes problems and implements solutions to ensure consistency and accuracy of the financial systems. Represents the department or company with internal and external customers to resolve problems of a non-routine nature.
  • Ensures inventories are properly valued in accordance with generally accepted accounting principles and assets are safely guarded.
  • Provides training on transactions and procedures to internal customers as required.
  • Computes and analyzes manufacturing variances and reviews with manufacturing personnel, providing timely and meaningful cost accounting information and analysis for manufacturing.
  • Responsible for evaluating the adequacy of existing procedures relating to inventory and production, tracking, detailing weaknesses, and implementing improvements.
  • Assists in the development of standard costs for assigned product lines and monitors actual performance against these standards.
  • Work cross functionally with business partners to prepare full profit and loss plan for assigned product lines and to develop cost estimates of new products.
  • Analyzes General Ledger or sub-system output for consistency and accuracy and resolves questionable items.
  • Analyzes and summarizes accounting data to make comparisons to similar data for other periods and prepares explanatory comments.
  • Assists department managers with their budgets.
  • Develops reporting capabilities and understanding of the multiple systems applications within the Terumo BCT environment.

MINIMUM QUALIFICATION REQUIREMENTS

Education
  • Bachelor's degree or, equivalent of education and experience sufficient to successfully perform the essential functions of the job may be considered.


Experience

Minimum 5 years experience in a manufacturing environment
  • SAP experience preferred.
  • An advanced degree or certification, such as an MBA, CCE, CMA or CPA beneficial.


Skills
  • Demonstrated technical knowledge of the accounting requirements and practices generated by regulatory or professional outside agencies such as FASB, IRS, and SEC.
  • In depth knowledge of and experience in a specialty area such as Taxes, Treasury, Credit, Cost Accounting, or Benefits.
  • Demonstrated excellent analytical skills.
  • Demonstrated thorough and in depth understanding of the assigned systems.
  • Knowledge and use of relevant PC software applications and skills to use them effectively.
  • Demonstrated ability to communicate effectively both verbally and in writing.
  • Demonstrated ability to provide timely, high quality, and accurate work.
  • Demonstrate strong organizational skills and productive work habits.


-Or-

An equivalent competency level acquired through a variation of these qualifications may be considered.

PHYSICAL REQUIREMENTS

Typical Office Environment requirements include: reading, speaking, hearing, close vision, walking, bending, sitting, and occasional lifting up to 20 pounds.

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

Target Pay Range: $75,500.00 to $94,300.00 - Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data
Target Bonus on Base: 7.0%

We anticipate this requisition will be open for a minimum of five days, from . We encourage your prompt application.

At Terumo Blood and Cell Technologies, we provide competitive total reward offerings that consist of compensation, benefits, recognition, along with a wealth of other well-being, work-life and recognition programs which support in unlocking the potential for you and your family. Included in our expansive list of benefits offerings are multiple group medical, dental and vision plans, a robust wellness program, life insurance and disability coverages, also a variety of voluntary programs such as group accident, hospital indemnity, critical illness, pet insurance and much more. To help you save for retirement, we offer a 401(k) plan with a matching contribution and for work-life balance we have vacation and sick time programs for associates. For us, it's about protecting the personal welfare of our associates and their families, helping to achieve personal goals and offering those extra touches for convenience, security and overall peace of mind.

About Terumo Medical Corporation

Terumo Medical Corporation is a subsidiary of Terumo Corporation, a global medical technology company based in Japan. Terumo Medical Corporation is a leading manufacturer and distributor of medical devices and supplies, including syringes, needles, catheters, and blood bags. The company's products are used in a wide range of medical procedures, including cardiovascular surgery, dialysis, and blood transfusions. Terumo Medical Corporation is committed to improving patient outcomes and has a strong focus on research and development. The company has a global presence, with operations in North America, Europe, and Asia.
Learn more about Terumo Medical Corporation
Size
28,294 employees
Industry
Founded
1972
NASDAQ

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