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Cost Accounting Process Manager

Company Description

Sirtex Medical is a global leader in healthcare, with offices in the U.S., Australia, Germany, and Singapore, dedicated to improving patient outcomes.

Our mission is to be at the forefront of minimally invasive cancer and embolization therapies. By partnering with physicians, we aim to provide innovative products that enhance patient outcomes and simplify treatments. Achieving this ambitious goal requires passionate and talented individuals who are committed to making a difference. Our flagship product, SIR-Spheres® Y-90 resin microspheres, is a targeted radiation therapy for liver cancer. To date, we have delivered over >150K doses across 50+ countries, significantly impacting patients' lives worldwide. Our success is fueled by our dedication to serving the medical community, maintaining professionalism, fostering a collaborative work culture, nurturing an entrepreneurial spirit, and continuously pursuing innovation and improvement.

At Sirtex, we are committed to creating a great workplace. We offer a range of benefits, programs, and services to support our employees, ensuring they have opportunities to contribute to our success and advance their careers. Join our inclusive community, where you can collaborate with talented colleagues, bring your ideas to life, and advance your career, all while delivering innovative healthcare solutions to patients.

Job Description

SCOPE:

We are seeking a highly analytical Senior Cost Accountant to join our finance team. The successful candidate will play a key role in analyzing and managing the company’s costs and ensuring accurate reporting to improve operational efficiency. The Senior Cost Accountant will be responsible for tracking, analyzing, and reporting on production costs, inventory valuations, and budget variances, contributing to financial planning and decision-making processes.

PRIMARY RESPONSIBILITIES:

  • Maintain and document agreed upon cost accounting processes to ensure accurate standard costs and COGS in SAP for financial reporting of the global organization.
  • Establish/Design cost accounting methodologies in SAP.
  • Recommend changes to the Company’s processes and policies to reduce costs and maximize profit.
  • Analyze, report and reduce purchase price variances.
  • Maintain and analyze standard cost of existing and newly purchased materials and goods, and compile documentation on standard costs to drive efficiencies.
  • Analyze scrapped goods and work with the organization to reduce scrap.
  • Monitor and analyze gross margin on products sold, recommending opportunities for cost savings.
  • Assist with cost analysis and implementation of standard costs for new products or acquired business development opportunities.
  • Work with business development to strategize for new products and develop proper costing at implementation ensure systems are properly configured for new warehouse locations, products, general ledger assignments and related costing data.
  • Inventory Management
    • Oversee physical inventory counts and ensure reconciliation with financial records
    • Monitor inventory valuations and perform adjustments as necessary
    • Coordinate with production teams to manage stock levels efficiently
  • Budgeting & Forecasting
    • Assist in developing budgets for manufacturing and operational costs
    • Track actual expensese against budget and report variances
    • Collaborate with department heads to forecast operational needs
  • Prepare ad-hoc reports on COGS and inventory matters as needed.
  • Report and communicate to corporate and others globally
  • Perform all other duties as assigned

Qualifications

  • BS in Accounting, MBA a plus
  • CPA preferred
  • 7+ years of experience in a similar position; experience in a medium or large sized multinational company preferred
  • Strong knowledge of US GAAP, IFRS, internal controls and financial reporting required
  • Experience with SAP required
  • Experience in a manufacturing environment required, preferably in medical device/pharma/biotech environment
  • Advanced Excel skills, ability to work with pivot tables, lookups and IF statements
  • Proficiency in Microsoft Word, Outlook and PowerPoint
  • Strong analytical and problem-solving abilities
  • Strong organizational and interpersonal skills
  • Strong verbal and written communication skills
  • Ability to work collaboratively across departmental functions
  • Self-motivated to learn new concepts and participate in new projects
  • Technically savvy

The target base salary range for this position will range from $107,000 to $119,000 annually. Individual compensation for this job requisition will be based on non-discriminatory factors, including your geographic location, skills, experience, education and other factors as they relate to the position requirements.  Actual compensation may vary depending on the confirmed job-related skills and experience.

In addition to the expected base compensation, this role is eligible to participate in Sirtex’s incentive programs (target bonus of 10% for this position) and benefit plans, which include paid sick and vacation time, health insurance and a generous 401k matching program.

Additional Information

All your information will be kept confidential according to EEO guidelines.

Do you want to be part of something bigger? A team whose impact stretches across the globe making a real difference to the quality of people’s lives.  Sirtex recognizes that well-being, financial health, and work-life balance are crucial for our employees to achieve personal success. 

Sirtex offers qualified candidates:

  • Diverse and flexible work arrangements to achieve the optimum balance between work and personal responsibilities.
  • A culture of respect, diversity, collaboration, and innovation fostering inclusiveness and superior performance.
  • Attractive compensation and benefit packages which are practical, robust and equitable.
  • A commitment to support ongoing professional growth through career development, on the job experiences and training opportunities.
  • Challenging work which supports the development of new and better ways to improve clinical outcomes for oncology treatment around the world.
  • An unwavering commitment to company values, employee safety and excellence in everything we do.  

Diversity drives innovation; inclusion fosters belonging, growth and success. Sirtex believes that it takes multiple perspectives and voices to create a culture and workplace which fosters engagement, teamwork, and employee satisfaction to perform our best and deliver on commitments. We are dedicated to fostering an environment where all employees feel valued, included, and can share their ideas so that we can exceed even our own expectations.

Sirtex is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other characteristic protected under applicable law.  Sirtex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

Average salary estimate

$113000 / YEARLY (est.)
min
max
$107000K
$119000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Cost Accounting Process Manager, Sirtex

Are you ready to make a significant impact in the healthcare industry? Sirtex Medical is seeking a dedicated and analytical Cost Accounting Process Manager to join our team in Woburn, MA. As a vital member of the finance team, you'll be instrumental in tracking and analyzing production costs, managing inventory valuations, and improving operational efficiency. Your expertise in cost accounting methodologies, particularly in SAP, will help us maintain accurate standard costs and optimize our financial reporting across our global organization. In this role, you'll have the opportunity to recommend process changes that can lead to significant cost reductions and profit maximization. It’s not just about crunching numbers; you’ll collaborate with various departments to forecast operational needs, oversee physical inventory counts, and provide insightful reports to aid in strategic decision-making. We value innovation and are looking for someone who is not only technically skilled but also passionate about improving patient outcomes through effective financial management. With your background in accounting and extensive experience in a manufacturing environment, particularly in medical devices or pharmaceuticals, you’ll thrive in our dynamic and inclusive workplace where your contributions truly matter. Join Sirtex Medical, where you'll not only advance your career but also be part of a team making a real difference in the world of cancer treatment. Let's work together to enhance patient care through better financial practices and decisive cost management.

Frequently Asked Questions (FAQs) for Cost Accounting Process Manager Role at Sirtex
What are the primary responsibilities of a Cost Accounting Process Manager at Sirtex Medical?

As a Cost Accounting Process Manager at Sirtex Medical, your primary responsibilities will include maintaining accurate cost accounting processes in SAP, analyzing production costs, inventory valuations, and budget variances, and recommending changes for efficiency and cost reduction. You’ll also have a role in assisting with cost analysis for new products and ensuring inventory management aligns with financial records.

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What qualifications are required for the Cost Accounting Process Manager position at Sirtex Medical?

To qualify for the Cost Accounting Process Manager position at Sirtex Medical, you should have a Bachelor’s degree in Accounting, an MBA is a plus, and a CPA is preferred. Candidates should also possess over 7 years of relevant experience, particularly in a medium to large multinational company, along with strong knowledge of US GAAP, IFRS, and SAP.

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How does the Cost Accounting Process Manager contribute to financial reporting at Sirtex Medical?

The Cost Accounting Process Manager contributes to financial reporting by ensuring that the company’s costs are accurately tracked and reported. This includes overseeing the calculation of the standard costs and Cost of Goods Sold (COGS), analyzing purchase price variances, and generating detailed reports that support financial planning and decision-making across the organization.

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What skills are essential for success in the Cost Accounting Process Manager role at Sirtex Medical?

Success in the Cost Accounting Process Manager role at Sirtex Medical requires strong analytical and problem-solving skills, advanced proficiency in Excel, and the ability to communicate effectively with various departments. Additionally, experience in a manufacturing environment and the capacity to work collaboratively across teams are essential to drive cost-efficient practices.

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What is the career growth potential for a Cost Accounting Process Manager at Sirtex Medical?

The career growth potential for a Cost Accounting Process Manager at Sirtex Medical is significant due to the company's commitment to professional development and internal promotions. As you excel in your role, you may have opportunities to take on more strategic responsibilities, lead teams, or transition into higher management positions within the finance department or beyond.

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Common Interview Questions for Cost Accounting Process Manager
Can you explain your experience with SAP and how it relates to cost accounting?

When answering this question, focus on specific projects where you utilized SAP for cost accounting purposes. Discuss how you implemented cost accounting methodologies and how this experience will benefit Sirtex Medical. Highlight your achievements in improving cost accuracy and reporting efficiency using SAP.

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How do you approach variance analysis in your current or previous roles?

Describe your systematic approach to variance analysis, including how you gather data, identify discrepancies, and recommend corrective actions. Provide examples of how your analyses led to actionable insights that improved financial performance, particularly in manufacturing or healthcare environments.

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What strategies do you use for inventory management and reconciliation?

Discuss the strategies that have worked best for you in managing inventory, such as cycle counting, implementing just-in-time inventory, and using software tools for tracking. Emphasize your collaborative approach with production teams to adjust stock levels efficiently and maintain accurate financial records.

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Describe a time when you had to recommend process changes to reduce costs. What was the result?

Use the STAR method (Situation, Task, Action, Result) to describe a specific instance where your recommendations led to cost savings. Focus on the analysis you conducted, the changes you proposed, and the tangible results that benefited your organization financially.

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How do you ensure compliance with US GAAP and IFRS in your financial reporting?

Explain your understanding and experience with US GAAP and IFRS, emphasizing how you stay updated with regulatory changes. Discuss practices you’ve implemented to ensure compliance, such as documentation processes, cross-department collaboration, and regular audits.

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What role does communication play in your success as a Cost Accountant?

Highlight the importance of clear communication in your role. Discuss how you share financial insights with stakeholders, collaborate with different departments, and present complex data in a comprehensible manner to drive informed decision-making.

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Can you give an example of a challenging project you've worked on and how you handled it?

Select a challenging project that showcases your problem-solving skills and determination. Detail the obstacles you faced, the steps you took to address them, and the final outcome, ensuring it connects to your expertise in cost accounting.

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How do you stay motivated and engaged in your work?

Reflect on the intrinsic and extrinsic motivators that drive you. Whether it's setting personal goals, seeking challenges, or your passion for contributing to healthcare, articulate how these motivations lead you to excel in your role and enhance overall team performance.

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In your view, what are the key indicators for measuring the success of a cost accounting process?

Discuss the key performance indicators (KPIs) you believe are vital for evaluating cost accounting success, such as accurate COGS reporting, reductions in variances, and improved budgeting accuracy. Justify how these metrics impact the financial health of the organization.

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What interests you about working for Sirtex Medical?

Articulate your enthusiasm for joining Sirtex Medical, focusing on its mission to improve patient outcomes and its innovative culture. Connect your professional values with the company’s goals and express how you see yourself contributing to the team.

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Sirtex Medical is a medical device company, providing a radioactive treatment for inoperable liver cancer called SIR-Spheres microspheres. Sirtex was established in 1997 in Australia and currently maintains offices and manufacturing facilities in ...

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Full-time, on-site
DATE POSTED
December 15, 2024

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