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.

Qualifications

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

#LI-Hybrid