Insulet Corporation

Manager, Cost Accounting

US-MA-Billerica | US-MA-Billerica
2 months ago
Category
Accounting / Finance

Position Summary

Primary responsibilities include managing and directing the cost accounting program for the company, including development of cost accounting procedures for contract and company owned manufacturing. Position is also responsible for calculating and tracking monthly FIFO variances and supporting inventory valuation.  Other special projects as they arise.

Responsibilities

  • Ownership of consolidated inventory and COGS accounting and reporting.
  • Coordination of cost of goods sold monthly and year-end closing processes, including preparation and review of journal entries, inventory and cost variance reconciliations and analysis.
  • Development and management of process for appropriate internal controls for inventory and cost of goods sold.
  • Monthly cost and inventory reporting to Insulet management.
  • Identification of process improvements with finance/accounting processes for materials management and distribution departments.
  • Direct setting and maintaining cost accounting system, reporting on performance against standards, analyzing cost information for accuracy and assisting in identifying opportunities for process improvements.
  • Annual development of standard cost and variance plan, including bills of material, labor rates, overhead rates, routes and cost reduction plans.
  • Provide analysis and reports on current and historical cost data to assist management in planning and control of inventory and cost of goods sold.
  • Assist in management of foreign manufacturing outsourcer, scrap, PPV, component sales and reserves.
  • Monthly closing preparation and analysis of the cost of sales line items and associated spending including all supporting schedules and documentation.
  • Internal and external financial statement preparation.
  • Develop, maintain and communicate internal financial analysis and reports to department managers, including but not limited to variance analysis, PPV tracking, inventory reconciliation, and ad hoc reporting.
  • Implement, review and document accounting policies and procedures and recommend/implement necessary actions.
  • Maintain perpetual inventory records and methodology of reserve requirements.
  • Support operations function in understanding costs, and on-going efforts to improve costs of products sold.
  • Assist Director of FP&A in forecasting, annual plan development, strategic plan updates and offer insights to trends, issues and opportunities with respect to COGS.
  • Assist Accounting Manager and Controller with quarterly and annual audit with external auditors.
  • Performs other duties as required. 

Education and Experience

  • Bachelor’s Degree Finance or Accountancy or related field and/or equivalent combination of education and experience.
  • Minimum 8 years of accounting experience.
  • Experience with Standard Costing methodology, FIFO cost flows, and Full Manufacturing Costing Methodology is preferred.

 

Skills/Competencies:

  • Thought leader in areas of cost and inventory management as well as a team player.
  • Must have the ability and drive to take on multiple projects with extensive scope.
  • Experience with standard cost, bills of material, direct and indirect cost absorption.
  • Effective verbal and written communication skills.
  • Ability to communicate at multiple levels of an organization.
  • Strong analytical, communication and computer skills
  • PC skill, word processing, spreadsheet, database.
  • Expert Excel and accounting software skills.
  • MRP or ERP software experience preferred.
  • Ability to organize and judge priorities.
  • Ability to generate and maintain accurate standard and actual costs.
  • Experience with Lean/Continuous Improvement concepts is a plus.
  • Experience with Host Analytics is a plus.

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