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Cost Accounting Manager

5 months ago

Detroit, United States BioIVT Full time
Job DescriptionJob Description

We are a leading global provider of high-quality biological specimens and value-added services. By combining technical expertise, exceptional customer service, and unparalleled access to biological specimens. Our mission is to provide high quality biological tissues, fluids, cell products, and services to our customers to further pharmaceutical research focused on bettering lives.

Our global team is made up of a diverse group of professionals committed to serving the needs of our 30,000 clients around the globe. Our culture’s core values consist of respect, integrity, accountability, communication, and quality. We operate in a fast-paced environment that, while in operation for over 30 years, maintains an entrepreneurial spirit and a “can do” attitude.

Position Description

Cost Accounting Manager ensures that costs for the company’s products and services are allocated according to corporate procedures and in compliance financial accounting standards. Oversees the cost control systems, establish and maintain standard cost calculations, and prepares inventory valuation reports. A Cost Accounting Manager gathers historical cost data (materials, labor, depreciation, operating expenses, etc.), to compare budgets with actual expenses.

Position Responsibilities

  • Analyze and reconcile inventory transactions for accuracy and completeness in support of monthly financial reporting.
  • Overseeing physical inventory counts and monthly cycle counts.
  • Complete and reconcile Disease State, C> and NHA inventories monthly.
  • Calculate Inventory reserve monthly based on aging inventory.
  • Developing cost standards for materials and labor.
  • Design and implement cost accounting standards for the LIMS systems.
  • Review work order variances with the production team.
  • Assist month-end close of general ledger.
  • Work with outside auditing firm during annual audit.
  • Performs other duties as may be assigned by management.
  • Direct the development and implementation of accounting and operational procedures and processes.
  • Analyze complex data and identify patterns, recommend actions, and measure outcomes.
  • Develop and/or update accounting and operational process and procedures documentation around the inventory management and costing processes.
  • Assists with month end close, as required.
  • Supports continuous improvement and change management efforts across the organization.
  • Assist with other accounting projects as assigned.

Position Qualifications

Essential:

  • 5-8+ years cost accounting experience required
  • CMA or CPA required.
  • B.S./B.A. in accounting or finance related field.
  • Good understanding of accounting and financial reporting principles and practices
  • Advanced competency in Microsoft Office and Accounting software packages.
  • Excellent organizing abilities
  • Great attention to detail
  • Critical thinker with a high proficiency in math and figures and an analytical acumen
  • Ability to work independently and as part of a team.
  • Excellent judgment

Education and/or Experience

  • CMA or CPA required.
  • B.S./B.A. in accounting or finance related field.

In addition to our vibrant and inclusive community, we offer a comprehensive package of competitive company-sponsored benefits, including healthcare, retirement plans, and more, ensuring the well-being of our employees and their families. We understand the importance of work-life balance, which is why we provide generous time-off policies to support your personal and professional needs. We embrace individuals of all backgrounds, experiences, and perspectives, and we're dedicated to creating a workplace where everyone feels valued, respected, and empowered to thrive.

We can’t wait to work with you

We are an equal opportunity employer.