Director| Cost Accounting |REMOTE|

Job highlights
Identified by Google from the original job post
Qualifications
Bachelor's Degree in Accounting, Finance, Business, or related field required
10+ years of related experience; previous supervisory/leadership experience required
Sharp business acumen with excellent communication skills
Analytical and organized with an attention to detail
Able to meet deadlines and prioritize tasks within a high volume fast-paced environment
Responsibilities
The Director, Cost Accounting and Inventory is an internal role that reports directly to the Corporate Controller and works closely with various teams throughout the company
The Director, Cost Accounting and Inventory will be responsible for overseeing the organization’s cost accounting and inventory management functions and will lead a team of accounting professionals, collaborating with Manufacturing, Supply Chain, and Finance departments to analyze costs, monitor variances, and support business decisions
This role will also support the monthly accounting close process as well as assist with the production of US GAAP financial statement and corresponding audits
Lead cost accounting department and own operational reporting/tracking of all manufacturing variances including PPV, material usage variance, labor/overhead variance
Review current state processes to compile/track manufacturing variances and identify/action areas for improvement and automation
Define set of standardized, centralized and automated metric calculations to be performed/reported monthly
Prepare actual vs
Partner with operational finance to investigate/understand monthly actual to budget variances and resolve significant drivers
Analyze actual production costs and prepare periodic reports comparing standard costs to actual production costs
Define cap & roll process and calculate/evaluate monthly
Define annual standard cost setting process and critically evaluate current makeup of standard cost by item (e.g., allocation of shared plant costs to work centers, standardization by site)
Responsible for maintaining standard costs within the ERP
Lead automation initiatives for the manufacturing execution system (MES) and integration with the ERP
Perform month end close activities (profit in inventory, inventory in transit, inventory reconciliations etc.)
Lead and manage the global obsolete and excess inventory reserve process
Assist in defining the global transfer price process and maintenance of transfer price tables within the ERP
Represent Finance/Accounting on ad hoc projects related to cost accounting and global inventory
Maintain and improve processes and controls associated with manufacturing costs and inventory valuation
Analyze changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs
Prepare estimates of new and proposed product or service costs
Recommend cost efficiencies in new product layouts
Ensure validity and accuracy of data in ERP through analysis, internal audit, and coordination with inventory control, production and work order processing
Assist in developing and documenting policies and procedures, including system requirements and internal controls
Analyze and recommend costs and cost savings
Responsible for audit deliverables related to global inventory and cost accounting
Comply with Generally Accepted Accounting Principles (GAAP) for financial statements
Job description
Overview:

About Us:

Cordis is an independent, customer-focused global provider of interventional cardiovascular technologies. During our 60+ year history we’ve established a legacy of pioneering breakthrough technologies, including the first guiding catheters and coronary drug eluting stents. Cordis has built a strong global footprint that spans 70 countries.

We’re teammates, not just employees. Our culture empowers you to act like an owner and unleash your full potential in the process. With diverse teams on a global scale, we foster an inclusive atmosphere where everyone is embraced for who they are, their unique perspective, and what they bring to the table. We believe the richness of our experiences and backgrounds enhances the careers of our teammates, the service to our customers, and ultimately, the lives of our patients.

If you love a challenge and are ready to have a direct, positive impact on the lives of millions, then Cordis is just the place for you. Join us, and let’s improve the wellbeing of millions, together.

The Director, Cost Accounting and Inventory is an internal role that reports directly to the Corporate Controller and works closely with various teams throughout the company. The Director, Cost Accounting and Inventory will be responsible for overseeing the organization’s cost accounting and inventory management functions and will lead a team of accounting professionals, collaborating with Manufacturing, Supply Chain, and Finance departments to analyze costs, monitor variances, and support business decisions. This role will also support the monthly accounting close process as well as assist with the production of US GAAP financial statement and corresponding audits.

Responsibilities:
• Lead cost accounting department and own operational reporting/tracking of all manufacturing variances including PPV, material usage variance, labor/overhead variance.
• Review current state processes to compile/track manufacturing variances and identify/action areas for improvement and automation.
• Define set of standardized, centralized and automated metric calculations to be performed/reported monthly.
• Prepare actual vs. budget analysis. Partner with operational finance to investigate/understand monthly actual to budget variances and resolve significant drivers.
• Analyze actual production costs and prepare periodic reports comparing standard costs to actual production costs.
• Define cap & roll process and calculate/evaluate monthly.
• Define annual standard cost setting process and critically evaluate current makeup of standard cost by item (e.g., allocation of shared plant costs to work centers, standardization by site).
• Responsible for maintaining standard costs within the ERP.
• Lead automation initiatives for the manufacturing execution system (MES) and integration with the ERP.
• Perform month end close activities (profit in inventory, inventory in transit, inventory reconciliations etc.)
• Lead and manage the global obsolete and excess inventory reserve process.
• Assist in defining the global transfer price process and maintenance of transfer price tables within the ERP.
• Represent Finance/Accounting on ad hoc projects related to cost accounting and global inventory.
• Maintain and improve processes and controls associated with manufacturing costs and inventory valuation.
• Analyze changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.
• Prepare estimates of new and proposed product or service costs. Recommend cost efficiencies in new product layouts.
• Ensure validity and accuracy of data in ERP through analysis, internal audit, and coordination with inventory control, production and work order processing.
• Assist in developing and documenting policies and procedures, including system requirements and internal controls.
• Analyze and recommend costs and cost savings.
• Responsible for audit deliverables related to global inventory and cost accounting.
• Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.

Qualifications:
• Bachelor's Degree in Accounting, Finance, Business, or related field required.
• 10+ years of related experience; previous supervisory/leadership experience required.
• Sharp business acumen with excellent communication skills.
• Analytical and organized with an attention to detail.
• Able to meet deadlines and prioritize tasks within a high volume fast-paced environment.

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Cordis is proud to be an equal opportunity employer and is committed to providing equal opportunity for all teammates and applicants. At Cordis, our teammates all bring different strengths, experiences, and backgrounds, who share a passion for improving people's lives. Diversity not only includes race and gender identity, but also age, disability status, veteran status, ****** orientation, religion, and many other parts of one’s identity. All our teammate’s points of view are key to our success, and we believe inclusion is everyone's responsibility. Together, we strive to create and maintain working and learning environments that are inclusive, equitable and welcoming.