Cost & Inventory Manager

Job DescriptionJob DescriptionDescription:

SUMMARY

The Cost & Inventory Manager is responsible for collaborating with leadership and Finance staff within the company to provide support for the establishment of goals and budgets.

JOB RESPONSIBILITIES

Essential:

• Analyze monthly financial results of the company and determine/explain material variances of actuals vs budget, vs prior month or vs prior year’s result. Propose adjustments as needed.
• Develop accurate & timely financial trend analysis showing the company’s KPIs (Key Performance Indicators) to facilitate management decisions.
• Responsible for monitoring inventory control activities including but not limited to reconciling physical vs perpetual records, cycle counts, material transfers, determining excess, obsolete & scrap materials, validating the various inventory balances (raw materials, work in process (WIP) and finished goods) as well as the cost of goods sold.
• Participate in month-end process and post all adjustments related to inventory; prepare reconciliation workpapers for each inventory balance sheet account.
• Responsible in maintaining standard cost (materials & labor) updates as needed.
• Assist in creating a model to capture actual manufacturing cost (materials, labor & overhead) in order to determine product pricing.
• Develop automated reporting and forecasting tools for efficient use of data.
• Take an active role during budget process in preparing data to be used as basis for department heads to create their annual budgets.
• Serve as liaison to other departments ensuring the timely completion of budget & communicate any questions or feedback from higher management.
• Provide auditors (internal/external) schedules & explanations as needed for any inquiries related to inventory or manufacturing cost.
• Work closely with finance accounting team providing feedback on proper treatment/posting of overhead expenses.
• Coordinate with manufacturing & materials management team to ensure proper procedures are established to account for inventory movements & assist them to be audit ready.
• Supervision of accounting staff

Supplementary Responsibilities:

• Assist with the Board and shareholder meetings materials preparation.
• Execute ad-hoc reports or projects as requested by Controller.
• Performs other related duties or projects as business needs require at the direction of management.

JOB REQUIREMENTS

Education and experience:

• BS Degree in Accounting, Finance or Economics.
• Minimum 5 years cost accounting/financial analysis experience required.
• Pharmaceutical Manufacturing experience .

Knowledge, skills, and abilities:

• Strong understanding of accounting theories and/or US GAAP/IFRS.
• Detail oriented, highly organized and self-starter who sets and achieves aggressive goals.
• Ability to meet deadlines with a sense of urgency.
• Adapts to new situations & work in a fast-paced environment.
• Demonstrates analytical thinking and problem-solving ability.
• Excellent written & verbal communication skills.
• Experience with the pharmaceutical industry or other life science businesses .
• Proficiency with Microsoft Office applications and computer skills.
• Experienced in ERP and financial systems.

WORK ENVIRONMENT/PHYSICAL DEMANDS/SAFETY CONSIDERATIONS

Work Environment

• This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets.

Physical Demands

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• While performing the duties of this job, the employee is required to perform repetitive tasks such as typing and use of mouse.
• Consistently, the job is conducted primarily by sitting but will also be standing, reaching, climbing stairs, and twisting on sustained periods of time.
• Occasionally required to climb ramps & step ladders, stooping, balancing, crouching & kneeling as well as lift or exert up to 10 to 50 pounds of force to move objects.
• Employees are regularly required to talk, hear and exchange ideas accurately through oral communications.
• The noise level in the work environment is usually quiet to moderate.
• Specific vision requirements include close, distance or vision as well as depth perception & ability to adjust focus.
• On occasion, employees may be asked to work on weekends or nights or on call as needed.
• Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.
• Duties, responsibilities, and activities may change at any time with or without notice

Requirements: