Applied Medical
Director - Cost Accounting
Applied Medical, Rancho Santa Margarita, California, United States, 92688
Applied Medical is a new generation medical device company with a proven business model and commitment to innovation fueled by rapid business growth and expansion. Our company has been developing and manufacturing advanced surgical technologies for over 35 years and has earned a strong reputation for excellence in the healthcare field. Our unique business model, combined with our dedication to delivering the highest quality products, enables team members to contribute in a larger capacity than is possible in typical positions.
Position DescriptionAs a Director of Cost Accounting, you will be responsible for working within the framework of a team and performing the following activities:Oversee all aspects of global cost of goods sold, inventory accounting and valuation, and provide strategic direction for the cost accounting function.Maintain and manage the Systems, Applications, and Products (SAP) costing system to ensure accurate product costs, inventory valuation, and variance analysis.Manage the monthly, quarterly, and annual financial close process for costing and inventory modules, to ensure accuracy of transactions, journal entries, account analysis, and reconciliations, processes and procedures documentation, as applicable.Provide technical guidance and mentoring to ensure consistent application of cost accounting principles across domestic and international manufacturing plants.Generate accurate and timely inventory and costing reports to support continuous improvement initiatives in the Operations team.Collaborate with the Operations, Engineering, and global Finance teams when preparing financial analysis of manufacturing variances, gross margin, and excess and obsolete inventory.Review standard costs quarterly and cost roll-ups for new products and production operations, investigate and resolve significant variances.Identify opportunities and develop new and robust processes for increased productivity, efficiency, and continuous process improvement.Interact with internal and external auditors, providing various analysis and audit schedules to ensure compliance with internal control procedures.Prepare ad hoc reports, perform research on cost accounting questions, and contribute to special projects, as needed.Provide daily management oversight to the cost accounting team, offering timely informal feedback, and coaching.
Position RequirementsThis position requires the following skills and attributes:Bachelor’s degree in Accounting or Finance with an emphasis in accounting.Minimum of 10 years of experience using a standard cost model in the manufacturing industry.Minimum of 5 years of hands-on management experience, including overseeing and supervising cost accountants.Thorough understanding of manufacturing variances, overhead absorption, inventory valuation, and standard cost.Extensive experience with inventory and Cost of Goods Sold (COGS) account reconciliations and related accounting.Proficiency in month-end closing and working in a fast-paced environment.Advanced proficiency in Microsoft Office applications, particularly in Word and Excel, encompassing Pivot Tables, V-LookUps, data merges, filters, IF statements.Strong analytical, problem-solving, and financial troubleshooting skills.Excellent written and verbal communication skills, with the ability to communicate effectively with various functional areas, including operations, material planning, and warehouse teams.Attention to detail with a strong focus on accuracy and completeness.Strong time management and organizational skills.Experience with inventory cycle count process.
PreferredThe following skills and attributes are preferred:Strong preference for those experiences with SAP software.
BenefitsThe base compensation range for this role is $130,000 - $160,000 / year for the position in California. Actual compensation packages are based on several factors that are unique to each candidate, including but not limited to skill set, depth of experience, certifications, and specific work location. The range displayed reflects the minimum and maximum target for new hire salaries in California based on the date of this job posting. Your recruiter can share more about the specific salary range compensation package during your hiring process.Please understand that the compensation range may be modified in the future. Each amount of pay is considered to be wages or compensation once such amount is earned and determinable. The amount and availability of any bonus, commission, benefit or any other form of compensation may be modified at the Company’s sole discretion, consistent with the law.The total compensation package for this position may also include bonuses and/or other applicable incentive compensation plans.Our total reward package also includes the following:Training and mentorship with ongoing learning and development courses.On-campus wellness activities.Comprehensive medical and dental and vision coverage.Education reimbursement program.401(k) program with discretionary employer match.Generous vacation accrual and paid holiday schedule.All compensation and benefits are subject to the requirements and restrictions set forth in the applicable plan documents and any written agreements between the parties.Equal Opportunity EmployerApplied Medical is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), or sexual orientation, or any other status protected by federal, state or local laws in the locations where Applied Medical operates.
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Position DescriptionAs a Director of Cost Accounting, you will be responsible for working within the framework of a team and performing the following activities:Oversee all aspects of global cost of goods sold, inventory accounting and valuation, and provide strategic direction for the cost accounting function.Maintain and manage the Systems, Applications, and Products (SAP) costing system to ensure accurate product costs, inventory valuation, and variance analysis.Manage the monthly, quarterly, and annual financial close process for costing and inventory modules, to ensure accuracy of transactions, journal entries, account analysis, and reconciliations, processes and procedures documentation, as applicable.Provide technical guidance and mentoring to ensure consistent application of cost accounting principles across domestic and international manufacturing plants.Generate accurate and timely inventory and costing reports to support continuous improvement initiatives in the Operations team.Collaborate with the Operations, Engineering, and global Finance teams when preparing financial analysis of manufacturing variances, gross margin, and excess and obsolete inventory.Review standard costs quarterly and cost roll-ups for new products and production operations, investigate and resolve significant variances.Identify opportunities and develop new and robust processes for increased productivity, efficiency, and continuous process improvement.Interact with internal and external auditors, providing various analysis and audit schedules to ensure compliance with internal control procedures.Prepare ad hoc reports, perform research on cost accounting questions, and contribute to special projects, as needed.Provide daily management oversight to the cost accounting team, offering timely informal feedback, and coaching.
Position RequirementsThis position requires the following skills and attributes:Bachelor’s degree in Accounting or Finance with an emphasis in accounting.Minimum of 10 years of experience using a standard cost model in the manufacturing industry.Minimum of 5 years of hands-on management experience, including overseeing and supervising cost accountants.Thorough understanding of manufacturing variances, overhead absorption, inventory valuation, and standard cost.Extensive experience with inventory and Cost of Goods Sold (COGS) account reconciliations and related accounting.Proficiency in month-end closing and working in a fast-paced environment.Advanced proficiency in Microsoft Office applications, particularly in Word and Excel, encompassing Pivot Tables, V-LookUps, data merges, filters, IF statements.Strong analytical, problem-solving, and financial troubleshooting skills.Excellent written and verbal communication skills, with the ability to communicate effectively with various functional areas, including operations, material planning, and warehouse teams.Attention to detail with a strong focus on accuracy and completeness.Strong time management and organizational skills.Experience with inventory cycle count process.
PreferredThe following skills and attributes are preferred:Strong preference for those experiences with SAP software.
BenefitsThe base compensation range for this role is $130,000 - $160,000 / year for the position in California. Actual compensation packages are based on several factors that are unique to each candidate, including but not limited to skill set, depth of experience, certifications, and specific work location. The range displayed reflects the minimum and maximum target for new hire salaries in California based on the date of this job posting. Your recruiter can share more about the specific salary range compensation package during your hiring process.Please understand that the compensation range may be modified in the future. Each amount of pay is considered to be wages or compensation once such amount is earned and determinable. The amount and availability of any bonus, commission, benefit or any other form of compensation may be modified at the Company’s sole discretion, consistent with the law.The total compensation package for this position may also include bonuses and/or other applicable incentive compensation plans.Our total reward package also includes the following:Training and mentorship with ongoing learning and development courses.On-campus wellness activities.Comprehensive medical and dental and vision coverage.Education reimbursement program.401(k) program with discretionary employer match.Generous vacation accrual and paid holiday schedule.All compensation and benefits are subject to the requirements and restrictions set forth in the applicable plan documents and any written agreements between the parties.Equal Opportunity EmployerApplied Medical is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), or sexual orientation, or any other status protected by federal, state or local laws in the locations where Applied Medical operates.
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