Cost Accountant

Rockville, MD
Sep 25, 2021
Sep 27, 2021
Full Time
This position will support the Financial Operations team in daily cost accounting activities for MSD, providing support for inventory control, product costing, monthly financial close and analysis as well as budgeting and forecasting. The Cost Accountant will be a key business partner for the manufacturing operations organization. Maintain cycle count program for Operations. This includes performing cycle count audits, participating in the year-end physical inventory, reviewing metrics and root cause analysis. Support configuration process as the finance representative. This encompasses reviewing Bill of Materials, Routers, and Item Master set ups used to establish and update product standard costs.Review and analyze costing reports including standard cost roll ups, work order variances and purchase price variances. Perform month-end close activities including reviewing inventory transactions as well as operational spending. Prepare journal entries, reserve entries and perform inventory account reconciliations. Support the year-end financial audit for the inventory and cost sections. Assist with annual budgeting and quarterly reforecasting.Provide ad hoc analyses as needed.Execute policies and procedures for monitoring and reporting on business and/or financial performance. Maintain monthly operations scorecard to track key performance indicators.Implement internal control procedures that are reasonably designed to safeguard company assets.Communicate frequently with the General Ledger Team to discuss accounting or other issues that may impact the timeliness and/or reliability of financial resultsAssist with year-end audit preparation, ad hoc reporting, and financial analyses as required Prepare schedules and provide information as requested for the Company's annual auditBachelor's Degree in Finance, Accounting or related field MBA and/or CPA preferred1-3 years cost accounting experience for manufacturing operations, preferably in a bioprocess industry preferred and/or 3-5 years operations experience in manufacturing, preferably in the bioprocess industry. Strong analytical skills.. Attention to detail with demonstrated commitment to excellence and performance.. Excellent organizational, planning, and time management skills with the ability to manage multiple and often changing priorities and issues of varying complexity, while meeting time-sensitive deadlines and deliverables.. Advanced proficiency in MS Office Suite (Excel, Access, Visio).. Advanced capabilities in ERP systems (JD Edwards preferred). Systems implementation experience preferred. Demonstrated propensity to be creative, collaborative, proactive, and self-motivated in the execution and completion of assigned accountabilities.. Excellent communication skills with the ability to organize, present, and articulate ideas both verbally and in writing. While performing the duties of this job, the individual is frequently required to sit and stand for long periods. The individual is occasionally required to walk; use hands and fingers to operate, handle, or feel objects, tools, or controls; reach with hands and arms.This position requires the ability to communicate and exchange information, utilize equipment necessary to perform the job, and move about the office. This position is performed in a traditional office environment. Certain activities may require work to be performed in warehouse, laboratories, cold rooms and freezers.