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Senior Manager, Cost Accounting

  • Second Street, Cambridge, Massachusetts, United States
  • Full Time

About the Job

The Senior Manager, Cost Accounting is responsible for leading FMI’s inventory and cost accounting function to ensure accurate financial records, effective stakeholder relationships, and to facilitate process improvement and cost-saving initiatives.  This leader will leverage a “big picture” understanding of FMI’s operational footprint and processes while also being willing to roll up their sleeves to dive into the details and resolve challenges when they arise. This leader will have a deep knowledge of cost accounting principles as well as strong, detail-oriented analytical and problem-solving skills to recognize and understand the cross-functional impact of both business decisions and individual transactions. 

 

Key Responsibilities

•       Oversee the month-end close process for inventory and cost of sales, including 1) the review of journal entries, 2) monthly account reconciliations of the general ledger to inventory subledgers, and 3) provision of analysis and commentary to CFO and Executive Team as part of Accounting team’s overall monthly financial reporting deliverables 

•       Partner with leaders of other functions within the organization to identify cost-saving opportunities and optimize site operational strategy

•       Leverage past experience to bring insight to process and system improvement, both short-term initiatives and longer-term ERP implementation objectives 

·       Oversee the Accounting team’s tracking and monitoring of raw materials and consumables inventory, including physical counts and identification of potential excess and obsolete inventory in coordination with Supply Chain and Operations 

•       Ensure the overall accuracy and integrity of the design of bills of material for WIP and FG items, including timely identification of changes in the manufacturing processes for existing products 

·       Partner with other relevant functions, such as Procurement, to update standard costs for materials, labor, and overhead in our WIP and FG items 

·       Establish, maintain, and update effective manufacturing labor and overhead cost allocation models including capitalized variances and subsequent sell-through

·       Assist FP&A with the forecasting process related to inventory and cost of sales 

·       Partner with R&D and Operations to develop cost estimates for potential new products 

•       Manage two direct reports in cost accounting, assisting in the prioritization of work deliverables and providing mentoring and career pathing 

·       Maintain responsibility for the design and execution of effective internal controls within the inventory and cost of goods sold processes 

·       Other duties as assigned 

 

Qualifications

Basic Qualifications

·       Bachelor’s Degree in Finance or Accounting

·       7+ years of experience in Cost Accounting, including 2+ managing the work of others

 

Preferred Qualifications

•       Master’s of Business Administration, or similar Master’s Degree

•       5+ years of experience with: 

o   Microsoft Dynamics Great Plains or similar ERP platform

o   Analyzing cost related data and models

o   FIFO periodic costing

o   Standard costing

o   Advanced modeling in Microsoft Excel

•       Demonstrated history of successfully managing multiple concurrent initiatives and maintaining one’s own workload

•       Demonstrated ability to meet project deadlines

•       Strong interpersonal skills that include excellent written communication, oral communication, collaboration, and problem solving with colleagues of other departments

•       Ability to work well under pressure while maintaining a professional demeanor

•       Excellent organization and attention to detail

•       Understanding of HIPAA and importance of privacy of patient data

Commitment to reflect FMI's values: passion, patients, innovation, and collaboration

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Internal applicants, please use your FMI email address.

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