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Cost Analyst

3 months ago

Minneapolis, United States Biomerics Full time

Job Type

Full-time

Description

Company Overview:

Biomerics is a world-class manufacturer and innovative polymer solutions provider for the medical device and biotech industries. As a vertically integrated company, we specialize in designing, developing, and producing medical devices for diagnostic and interventional procedures. We are focused on next-generation solutions for vascular access, electrophysiology, cardiac rhythm management, neurovascular, structural heart, and cardiovascular markets.

At Biomerics, we are dedicated to our diverse employee base. We understand that a strong, skilled, and engaged workforce is the foundation of our continued success as a business. We strive to live up to the Biomerics values in all our interactions. It is an exciting time to be part of our collective team. There is no limit to the impact that can be achieved here at Biomerics. We improve and advance our employees' and patients' lives that depend on our products.

At Biomerics, we believe in integrity, partnership, empowerment & accountability, trust, agility, teamwork, and excellence, and we care. Our team-oriented, customer-focused corporate culture places a premium on building strategic, mutually beneficial partnerships with customers and our team members.

JOB DESCRIPTION:

The Cost Analyst will analyze costs incurred during the manufacturing process, including material costs and resources consumed. The Cost Analyst is also responsible for breaking down cost summaries into simpler parts. This analysis includes comparing standards to actual cost and determining how well the manufacturing process absorbs variable and fixed overhead. Collaboration with multidisciplinary teams is necessary to ensure success.

The Cost Analyst position will be responsible for the listed responsibilities for the Brooklyn Park, MN facility, but divisional support will be required during high-priority or peak volume periods.

Responsibilities include but are not limited to:

  • Support the month-end closing process, including preparation of necessary closing journal entries and inventory balance sheet reconciliations.
  • Support the divisional transition of transactional cost accountant duties to the Biomerics' Business Service Center ("BSC").
  • Provide support for accurate standard costing and ensure corporate costing guidelines are followed.
  1. Annual cost build management and analysis.
  2. Prepares and/or reviews BOMs and routes; this may include loading new products into the ERP system.
  3. Formal communication of rates for costing / quoting.
  • Variance and absorption analysis.
  • Scrap, rework, and other costs of quality reporting.
  • Budget and forecast support.
  1. Annual Budget.
  2. Re-forecasts (quarterly or semi-annually).
  • Inventory management support.
  1. E&O reserve analysis.
  2. Track and understand variations in inventory levels.
  3. Coordinate physical inventory counts and cycle counts.
  4. Work with the manufacturing group to locate and dispose of obsolete inventory.
  5. Inventory carrying cost analysis.
  6. Analyze all data in the inventory control process and recommend necessary changes.
  • Preparation and support for internal management reporting, including but not limited to:
  1. Operational KPI reporting.
  2. Cost estimates and trends.
  3. PPV reporting.
  • Other Ad hoc support.
Requirements
  • Three to five (3-5) years of cost accounting experience in a manufacturing facility, preferably in Medical Devices.
  • Ability to understand complex manufacturing processes.
  • Highly skilled in analytics and proficient with Advanced Excel functions.
  • Ability to manage multiple projects at the same time effectively.
  • Excellent written and verbal communication skills.
  • Strong demonstrated commitment to teamwork.

Benefits: Medical/Dental/Vision Insurance, Short-Term Disability, Long-Term Disability, Life Insurance, Paid Vacation Days, Paid Holidays, 401k.

Please, No Recruitment Agency calls or emails (we are not using recruitment services for this or any other role posted).

The salary estimates are estimates from this job board and not a guarantee from Biomerics' salary range.

Biomerics does not accept non-solicited resumes or candidate submittals from search/recruiting agencies not already on Biomerics approved agency list. Unsolicited resumes or candidate information submitted to Biomerics by search/recruiting agencies not already on Biomerics approved agency list shall become the property of Biomerics and if Biomerics subsequently hire the candidate, Biomerics shall not owe any fee to the submitting agency.