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Cost Finance Manager

Job Title: Accounting Manager


Job Description

We are seeking an experienced and dedicated Accounting Manager to join our team. In this role, you will be responsible for developing new financial systems and maintaining, monitoring, and enhancing existing systems. You will ensure compliance with FASB, IASB, IRS, and SEC regulations for General Accounting and Cost Accounting within Manufacturing Operations. Your expertise will contribute to the integrity and accuracy of financial reporting and analysis for both US and non-US manufacturing operations.

Responsibilities

  • Develop new financial systems and maintain, monitor, and enhance existing systems.
  • Evaluate the adequacy of financial systems and implement improvements in accordance with regulatory standards.
  • Manage and input complex accounting or financial transactions.
  • Oversee cost accounting and related financial analysis staff.
  • Ensure integrity and accuracy in financial reporting and analysis for manufacturing operations.
  • Evaluate the effectiveness of the cost accounting function and implement improvements.
  • Direct the development of manufacturing-related financial systems in accordance with accounting principles.
  • Interpret external requirements and determine their applicability to the business.
  • Produce standard costs following best practices and policies across all factories.
  • Communicate manufacturing variance analysis to management.
  • Develop forward-looking product costing estimates for new business analysis and annual planning.
  • Manage transfer pricing between factories in accordance with agreements.
  • Implement and enhance financial systems and processes.
  • Identify weaknesses in existing processes and implement improvements.
  • Manage cost accounting staff and financial analyst activities supporting operations.
  • Ensure accounting and reporting processes comply with policies for non-US plants.
  • Maintain consistent cost accounting and financial reporting processes between plants.
  • Highlight operational issues to financial management.
  • Integrate cost accounting with general accounting activities.
  • Develop, maintain, and monitor financial transactions and internal controls.
  • Prepare complex financial and statistical reports and analyses.
  • Represent the department with internal and external customers to resolve non-routine problems.

Essential Skills

  • 10+ years of experience in accounting or finance.
  • Bachelor's degree in Accounting, Finance, or related field.
  • 5+ years of cost accounting experience.
  • Experience in the medical device or manufacturing industry.
  • Strong understanding of general accounting and its impact on manufacturing operations.
  • Previous management experience in cost accounting.

Additional Skills & Qualifications

  • Pro-active and self-motivated.
  • Problem-solving skills and experience with cost-saving initiatives.
  • Energetic and enthusiastic approach to work.

Work Environment

This is an onsite role located in Littleton, with some flexibility to work 1-2 days remotely in the future. You will have one direct report, a Senior Financial Analyst, who also works in Littleton and requires development as they are new to the role. The work environment fosters collaboration and offers a supportive team dynamic.

Pay and Benefits

The pay range for this position is $140000.00 - $160000.00/yr.

Terumo Blood and Cell Technologies (TBCT) is a global leader in blood component technologies, with annual revenues of approximating $1.3B. TBCT participates on a global basis in all aspects of the business, including research and development, manufacturing, sales, and marketing of blood component technologies. The parent company is Terumo Corporation, a global medical devices company headquartered in Japan and traded on the Tokyo Stock Exchange, with annual revenues approximating $6 billion.

Benefits:
7% bonus opp – they have made that every year!
Accruae PTO
Good health benefits
401k plan
Tuition reimbursement

Workplace Type

This is a hybrid position in Littleton,CO.

Application Deadline

This position is anticipated to close on Apr 18, 2025.

About Aston Carter:

Aston Carter provides world-class corporate talent solutions to thousands of clients across the globe. Specialized in accounting, finance, human resources, talent acquisition, procurement, supply chain and select administrative professions, we extend the capabilities of industry-leading companies. We draw on our deep recruiting expertise and expansive network to meet the evolving needs of our clients and talent community with agility and excellence. With offices across the U.S., Canada, Asia Pacific and Europe, Aston Carter serves many of the Fortune 500. We are proud to be a ClearlyRated Best of Staffing® double diamond winner for both client and talent service.

Diversity, Equity & Inclusion

At Aston Carter, diversity and inclusion are a bridge towards the equity and success of our people. DE&I are embedded into our culture through:

  • Hiring diverse talent
  • Maintaining an inclusive environment through persistent self-reflection
  • Building a culture of care, engagement, and recognition with clear outcomes
  • Ensuring growth opportunities for our people

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email astoncarteraccommodation@astoncarter.com for other accommodation options.

Average salary estimate

$150000 / YEARLY (est.)
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$140000K
$160000K

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What You Should Know About Cost Finance Manager, Aston Carter

If you're looking to make an impact as a Cost Finance Manager, Terumo Blood and Cell Technologies in Littleton, Colorado, could be your next great adventure! In this role, you'll play a vital part in developing and enhancing financial systems that drive the success of our manufacturing operations. As a Cost Finance Manager, you'll ensure compliance with established regulatory standards and maintain the integrity of our financial reporting. You'll oversee the cost accounting team, helping them evaluate and improve our cost accounting functions. Your knack for managing complex financial transactions will be essential as you contribute to our goal of producing accurate and insightful financial analyses. Collaborating closely with teams, you will analyze manufacturing variances and prepare product costing estimates that inform our business strategies. What’s more, this position gives you the chance to grow the team and roll out innovations in our financial processes, all while working in a supportive, collaborative environment. At Terumo, we prize creativity and initiative, so you’ll be encouraged to bring your ideas to the table. With a competitive salary ranging from $140,000 to $160,000, plus benefits like a 7% annual bonus and tuition reimbursement, the rewards are tangible as you thrive in your career. Join us at Terumo Blood and Cell Technologies and be a part of something bigger as we lead the way in blood component technologies and make a difference in the world.

Frequently Asked Questions (FAQs) for Cost Finance Manager Role at Aston Carter
What are the key responsibilities of a Cost Finance Manager at Terumo Blood and Cell Technologies?

As a Cost Finance Manager at Terumo Blood and Cell Technologies, you'll be responsible for developing and maintaining financial systems, ensuring compliance with financial regulations, and managing cost accounting processes. You'll oversee financial transactions, analyze manufacturing variances, and produce standard costs across factories. Additionally, you'll lead and mentor the cost accounting team, implementing improvements and ensuring consistent financial reporting across our operations.

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What qualifications are required for the Cost Finance Manager position at Terumo Blood and Cell Technologies?

The Cost Finance Manager position at Terumo Blood and Cell Technologies requires at least 10 years of experience in accounting or finance, along with a bachelor's degree in Accounting, Finance, or a related field. Candidates should have a minimum of 5 years of cost accounting experience and preferably a background in the medical device or manufacturing industry. Management experience in cost accounting is also essential.

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What type of work environment can a Cost Finance Manager expect at Terumo Blood and Cell Technologies?

At Terumo Blood and Cell Technologies, a Cost Finance Manager will thrive in a collaborative, supportive work environment located in Littleton, Colorado. This position allows for some remote work flexibility after establishing rapport with the team. You’ll enjoy a culture that fosters innovation and encourages you to contribute your creative solutions, alongside a dedicated team passionate about advancing blood technology.

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How does the Cost Finance Manager role at Terumo Blood and Cell Technologies contribute to business growth?

The Cost Finance Manager role is critical to Terumo Blood and Cell Technologies' business growth as it involves creating accurate financial analyses and cost assessments that drive strategic decisions. By overseeing and improving cost accounting processes, you will ensure financial health and empower the organization to maintain competitive pricing, optimize production efficiency, and adapt to market demands effectively.

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What benefits does Terumo Blood and Cell Technologies offer for the Cost Finance Manager position?

Terumo Blood and Cell Technologies offers a comprehensive benefits package for the Cost Finance Manager position, including a competitive salary range of $140,000 to $160,000, a 7% annual bonus opportunity, generous paid time off, robust health benefits, a 401k plan, and tuition reimbursement. These benefits reflect our commitment to the well-being and professional growth of our employees.

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Common Interview Questions for Cost Finance Manager
Can you explain your experience with cost accounting in the manufacturing sector?

When answering this question, provide specific examples of how you have managed cost accounting for manufacturing processes, including any systems you’ve developed or improved. Highlight your understanding of how cost accounting impacts overall manufacturing costs and profitability.

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How do you ensure compliance with financial regulations?

Discuss your approach to staying updated with financial regulations specific to the manufacturing industry. Mention your strategies for monitoring compliance, such as regular audits, cross-department collaboration, and continuous learning about regulatory changes.

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Describe a time when you had to improve a financial reporting process.

Provide a detailed example of a financial reporting process you improved. Focus on the challenges faced, the steps you took to enhance the process, and the positive outcomes achieved. Demonstrating measurable results will make your answer more compelling.

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What methods do you use for variance analysis?

Explain the various approaches you utilize for variance analysis in cost accounting. Discuss any specific tools or software you've used, how you identify variances, and how you communicate findings to stakeholders to inform decision-making.

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How do you handle tight deadlines in financial reporting?

Share your strategies for managing time and prioritizing tasks effectively. Discuss how you maintain accuracy under pressure and communicate with your team to ensure everyone is aligned and deadlines are met without sacrificing quality.

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Can you give an example of a cost-saving initiative you implemented?

Provide a specific example of a cost-saving initiative you have implemented in a previous role. Focus on how you identified the opportunity, the actions you took, and the impact it had on the company's financial performance.

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How do you develop and mentor your team?

Highlight your leadership style and provide examples of how you’ve developed your team members. Discuss your approach to training, providing constructive feedback, and setting development goals that align with the company’s objectives.

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What tools do you use for financial analysis and reporting?

Discuss the financial analysis and reporting tools you are familiar with, such as Excel, ERP systems, or specialized accounting software. Highlight your experience with data visualization and any other tools that aid in effective financial communication.

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How do you prioritize tasks in a fast-paced environment?

Explain your approach to prioritization, possibly using methods like the Eisenhower Matrix or Kanban boards. Highlight how you juggle competing demands while ensuring key responsibilities such as compliance and reporting are never compromised.

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How does effective communication play a role in your work as a Cost Finance Manager?

Discuss the importance of communication in your role, especially when conveying complex financial data to non-financial stakeholders. Provide examples of how you make financial information accessible and actionable for team members and upper management.

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Established in 1997, Aston Carter is a leading staffing and consulting firm, providing high-caliber talent and premium services to more than 7,000 companies across North America. Spanning four continents and more than 200 offices, we extend our cl...

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Full-time, hybrid
DATE POSTED
April 8, 2025

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