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Sr Analyst, Cost Accounting

  • Cambridge, Massachusetts, United States
  • Full Time

About the Job

Sr Analyst of Cost Accounting reports to the Manager/AD of Cost Accounting and is responsible for inventory and cost accounting oversight to ensure accurate financial records. The incumbent leverages strong, detail oriented analytical and problem-solving skills and the ability to recognize and understand the cross functional impact of general and cost accounting transactions.

Key Responsibilities

  • Work closely with Supply Chain members to track and monitor inventory movements, scrap, E&O reserves, cycle counts to ensure internal controls are functioning as designed.
  • Complete inventory/cost accounting for month end financial close: post journal entries, prepare account reconciliations, inventory flux analysis and reporting, and analyze labor and overhead allocation. 
  • Ensure accuracy and integrity of bills of material, including changes in the manufacturing processes for existing products by analyzing variances and creation of bills of material for new products. 
  • Partner with Finance and Operations teams to drive process improvement and cost reductions.
  • Develop, analyze, and maintain standard costs for products. Proactively identify omissions and errors in cost information to constantly improve standard costs.
  • Establish, maintain, and update effective manufacturing cost allocation and cost classification models with the Finance and Operations departments.
  • Assist with the budgeting/forecasting process for cost of goods sold and gross margin.
  • Develop cost estimates for potential new products and projects in conjunction with the Finance, Purchasing and Operations Teams.
  • Support Management reporting needs.
  • Other duties as assigned.


Basic Qualifications

  • Bachelor’s Degree in Finance or Accounting 
  • 4+ years of progressively responsible experience in accounting and finance roles with concentration in Management/Cost Accounting

Preferred Qualifications

  • 3+ years of professional work experience working:
    • with standard costing
    • with inventory controls
    • with Microsoft Dynamics Great Plains and/or SAP
    • with FIFO perpetual cost accounting
    • analyzing cost related data and models
  • Advanced Microsoft Excel experience
  • Demonstrated history of successfully managing multiple concurrent initiatives, maintaining one’s own workflow amidst competing priorities, and meeting project deadlines
  • Demonstrated organization and attention to detail
  • Strong interpersonal skills including written and verbal communication, collaboration, and problem solving
  • Demonstrated ability to work well under pressure while maintaining a professional demeanor
  • Understanding of HIPAA and the importance of patient data privacy
  • Commitment to reflect FMI’s values: Passion, Patients, Innovation, and Collaboration




About Foundation Medicine

Foundation Medicine, Inc. (FMI) began with an idea—to simplify the complex nature of cancer genomics, bringing cutting-edge science and technology to everyday cancer care. Our approach generates insights that help doctors match patients to more treatment options and helps accelerate the development of new therapies. Foundation Medicine is the culmination of talented people coming together to realize an important vision, and the work we do every day impacts real lives.

Confidence, or the belief that we need to check every box before applying for a job, can sometimes hold us back from going after a role that inspires us. At Foundation Medicine there's no such thing as the 'perfect' applicant, and our company is a place where every employee can make an impact and continue to grow whatever background they may have or path they may have taken. So, as long as you meet the basic qualifications for a role, please apply if you see a position that would make you excited to come into Foundation Medicine every day and help us transform cancer care.

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Foundation Medicine is proud to be an Equal Opportunity and Affirmative Action employer and considers all qualified applicants for employment without regard to race, color, religion, sex, gender, sexual orientation, gender identity, ancestry, age, or national origin. Further, qualified applicants will not be discriminated against on the basis of disability or protected veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements. See also FMI’s EEO Statement and EEO is the Law and Supplement. If you have a disability or special need that requires accommodation, please let us know by completing this form.  (EOE/AAP Employer)

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