Sr. Analyst, Cost Accounting in Morrisville, North Carolina at Foundation Medicine, Inc.

About the Job:

Sr Analyst of Cost Accounting reports to the Manager/AD of Cost Accounting and is responsible for inventory and cost accounting oversight to ensure accurate financial records. The incumbent leverages strong, detail oriented analytical and problem-solving skills and the ability to recognize and understand the cross functional impact of general and cost accounting transactions.

Key Responsibilities:

• Work closely with Supply Chain members to track and monitor inventory movements, scrap, E&O reserves, cycle counts to ensure internal controls are functioning as designed.
• Complete inventory/cost accounting for month end financial close: post journal entries, prepare account reconciliations, inventory flux analysis and reporting, and analyze labor and overhead allocation.
• Ensure accuracy and integrity of bills of material, including changes in the manufacturing processes for existing products by analyzing variances and creation of bills of material for new products.
• Partner with Finance and Operations teams to drive process improvement and cost reductions.
• Develop, analyze, and maintain standard costs for products. Proactively identify omissions and errors in cost information to constantly improve standard costs.
• Establish, maintain, and update effective manufacturing cost allocation and cost classification models with the Finance and Operations departments.
• Assist with the budgeting/forecasting process for cost of goods sold and gross margin.
• Develop cost estimates for potential new products and projects in conjunction with the Finance, Purchasing and Operations Teams.
• Support Management reporting needs.
• Other duties as assigned.

Qualifications:

Basic Qualifications:

• Bachelors Degree in Finance or Accounting
• 4+ years of progressively responsible experience in accounting and finance roles with concentration in Management/Cost Accounting

Preferred Qualifications:

• 3+ years of professional work experience working:
  • with standard costing
  • with inventory controls
  • with Microsoft Dynamics Great Plains and/or SAP
  • with FIFO perpetual cost accounting
  • analyzing cost related data and models
• Advanced Microsoft Excel experience
• Demonstrated history of successfully managing multiple concurrent initiatives, maintaining ones own workflow amidst competing priorities, and meeting project deadlines
• Demonstrated organization and attention to detail
• Strong interpersonal skills including written and verbal communication, collaboration, and problem solving
• Demonstrated ability to work well under pressure while maintaining a professional demeanor
• Understanding of HIPAA and the importance of patient data privacy
• Commitment to reflect FMIs values: Integrity, Courage, and Passion

The expected salary range for this position based on the primary location of Boston, MA is $96,700 - $122,000 per year. The salary range is commensurate with Foundation Medicines compensation practice and considers factors including, but not limited to, education, training, experience, external market conditions, criticality of role, and internal equity. A discretionary annual bonus may be available based on individual and Company performance. This position also qualifies for Foundation Medicines benefits.

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