Job Title:

Cost Accounting Manager

Job Location:

Redwood Shores, CA
500

Job Compensation:

120K - 165K


Job Description:

Our client, a venture-backed transforming medical device company, has an opening for a Cost Accounting Manager.  This exciting company combines image guidance and robotics that enables targeted and controlled treatments.

Our Firm:

Murdock Martell, Inc. is a leading financial consulting and recruiting firm that provides solutions to established and emerging growth companies. We represent some of the strongest companies in the Bay Area with an emphasis in technology and life sciences start-ups.

Job Description:

Responsible for building and improving the existing cost accounting process for the company.  This position will work with cross functional team(s) to develop, implement and maintain cost accounting programs and procedures to ensure the collection, analysis and reporting of manufacturing costs on a timely and accurate basis.  

Primary Responsibilities:

  • Ownership of all inventory and COGS accounts, including reserves and allowances. Maintenance and accuracy of BOMs, standard costing, and reconciliation of variances and accounts
  • Sets and maintains all standard costs on an accurate and timely basis 
  • Develops all labor and overhead burn rates once per year during the standard cost cycle 
  • Reports and analyzes quarterly standard and gross margin by product line
  • Reports and analyzes manufacturing variances as reported on the COGS section of the P&L
  • Thorough knowledge of standards setting, overhead pools and variance disposition
  • Performs on-going cost rolls on a periodic basis to keep standards cost structure current
  • Performs month-end inventory reconciliations on a book-to-perpetual basis.  This involves the inventory movements in-house and with our external contract manufacturers 
  • Sets up monthly accounting entries to record material consumption, usage, scrap and other manufacturing process adjustments
  • Works closely with VP of Operations and CFO to review work order analysis to identify costing issues and initiates corrective financial actions, as necessary
  • Assists with the analysis of invoices, required documentation and the proper booking per G/L account to facilitate recording of material costs, processing fees and adjustments
  • Works with purchasing, maintains a monthly Purchase Price Variance (PPV) report and establishes a capitalized PPV variance to be booked monthly
  • Develops monthly inventory package that reports out inventory valuations, excess and obsolescence requirements, and all other cost adjustments for the period. Prepares reports to be used to record the appropriate accounting entries
  • Calculates, maintains and manages obsolete, excess and lower of cost of market
  • (LCM) inventory reserves and all related reporting
  • Develops a weekly inventory report for use by VP of Operations and others as needed
  • Prepares MTD/QTD/YTD inventory roll forward analysis based on sales forecasting process. This activity is a cross-functional activity to be coordinated with the CFO and VP of Operations
  • Provides audit oversight from a finance perspective on cycle count and WIP validation systems. Audits completeness and accuracy. Uses ABC analytics to set cycle count parameters annually
  • Develops metrics and tracking data for major cost drivers
  • Participates actively in the implementation and maintenance of ERP system with the main focus on cost accounting / operations modules
  • Responsible for the preparation and implementation of the standard operating procedures related to cost accounting standard operating processes

Knowledge, Skills, and Experience:

  • BS in Finance/Accounting
  • 6 + years of progressively responsible experience in cost accounting, with exposure to manufacturing / inventory
  • Proven ability to work in a cross-functional, fast-paced environment and lead and drive complex initiatives. Ability to manage competing priorities
  • Ability to act and operate independently with minimal daily direction from manager to accomplish objectives
  • Experience with implementation, QAD preferred
  • Advanced Excel with experience manipulating large data sets
  • Strong cost accounting and inventory experience. Medical device environment or similar industry is a plus
  • Excellent verbal and written communication skills with all levels of management with the additional skill of assuming a leadership role in driving cost accounting excellence  
  • Able to present materials in PowerPoint or other presentation formats to senior staff and other cross functional groups as needed 
  • Experience in cost accounting, budgeting, standard cost modeling, and financial analysis
  • Experience with database programs and other ERP systems related to manufacturing processes is desirable 

Job Skills:

N/A

Education Requirements:

BS in Finance/Accounting

Murdock Martell, Inc. is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

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