Cost Accountant

4 weeks ago

Colorado Springs, Colorado, United States Philips Full time
Job TitleCost AccountantJob Description

Accountant – Colorado Springs, CO.

Philips is a global leader in health technology, and we are looking to build the team in Nashville with passionate, inspirational, collaborative and diverse professionals empowering excellence around the world for Philips to achieve our mission to improve the lives of 2.5B people a year by 2030.

The accountant will drive and grow business value, will help setting and achieving financial and strategic targets and will participate in our Finance Business Group to ensure decision making.

Your role:

  • Accountable for reliability, timeliness and accuracy of the standard deliverables defined in the scope.
  • Ensures quality, accuracy and integrity of information stored in our systems, enabling a single source of truth. The role is critical to assure we can support transformation projects as well as company's financial results across 5 locations.
  • Support inventory reporting, cycle counts, analysis, and variance to address root cause and process improvement. Analyze Inventory and Work Orders activity to ensure accuracy and explain major variances.
  • Conduct Excess and Obsolescence Analysis as well as other inventory reserves review to determine any potential adjustment.
  • Support the annual overhead rates and cost allocations to be used in the standard cost calculation.
  • Track and evaluate standard cost analysis through absorption reviews and reporting.
  • Works on problems of moderate scope where analysis of situations or data requires a review of a variety of factors using Root Cause Analysis.
  • Exercises judgment within defined procedures/practices to determine appropriate action, while building productive internal/external working relationships.
  • Prepare and book journal entries as needed and ensure month end deadlines are consistently met.
  • Prepare reports on weekly metrics to track activity on absorption, labor hours, scrap, PPV as well as month end reports.
  • Assist with Ad-Hoc analysis and special projects as required and assist SOX and external auditors with information gathering during quarterly and annual audits.

You're the right fit if:

  • 3 years of progressive working experience and roles in e.g. Finance, FP&A, financial control, management reporting and analysis, preferably within an international environment.
  • Excel proficient to develop forward looking analysis.
  • SAP knowledge preferred.
  • Bachelor's degree in a Finance and/or Accounting orientated study.
  • Excellent communication skills and team spirit, with a trust but verify attitude.
  • Possesses forward-looking ad-hoc analysis to drive improvement.
  • You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this Office/Remote position.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

  • Learn more about our business.
  • Discover our rich and exciting history.
  • Learn more about our purpose.
  • Read more about our employee benefits.

If you're interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

Philips Transparency Details

The pay range for this position is $70,000 to $75,000, annually. The actual base pay offered may vary depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered. Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more. Details about our benefits can be found here.

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case.

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Colorado Springs, CO.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.

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