Manager, Cost Accounting

Location: Bedford, MA | Hybrid

Summary of Primary Responsibilities:

The Manager, Cost Accounting is responsible for maintaining the cost accounting functions, inventory reporting and cost analysis in support of manufacturing operations and supply chain management for the Company’s inventory locations.   Responsibilities include adherence to the monthly and quarterly close process, oversee all entries to the general ledger and account reconciliation, costing of inventory products and analysis related to inventory and cost of goods sold accounts in order to ensure the continued integrity and accuracy of these accounts as part of the Company’s financial reporting.

The successful candidate will join a team committed to manufacturing excellence, continuous improvement and member development. This person will enjoy developing solid business relationships with their counterparts in the materials, operations, quality and marketing roles to facilitate collaboration and knowledge sharing.  This position will play a key role in providing impartial financial analysis and guidance, decision support, and development of financial acumen related to cost accounting for operations, quality and other personnel in the Company.  

Specific Responsibilities:

  • Maintain accurate costing methodology in the Company’s SAP ERP system 
  • Development of the costing methodology and KPI reporting for inventory & management cost reporting (P&L)
  • Maintain standard cost system to ensure accuracy of inventory valuation and lead annual manufacturing cost standard updates and analyzes variances to standards
    • Monitor inventory transactions and processes including scrap, inventory, and COGS to ensure accuracy and compliance with corporate policies 
    • Monthly manufacturing and overhead variance research, analysis and reporting, including labor/overhead absorption by product lines and 
    • Prepare and analyze department expense variances (actual to budgets/forecasts), monthly revenues & associated gross margin analysis
  • Run weekly production order review reporting analysis for Operations Department 
  • Run monthly and quarterly meeting to review non-standard variances and gross margin analysis with senior management
  • Assist senior management teams in understanding costs, variances, and other operating measures, including product/SKU level margins through key strategic reports 
  • Responsible for providing and verifying product costs in support of all cost-based pricing contracts, intercompany transfer pricing 
  • Identify potential issues and coordinate issue resolution/problem solving with other functional teams
  • General ledger reconciliation responsibility all inventory and cost of goods sold accounts
  • Coordinates with Materials Management and other Company personnel on required inventory reserves for excess and obsolescence or other risks
  • Be main Finance liaison to lead and conduct physical inventory counts and reconcile results and variances
  • Provide support to FP&A team by forecasting/modeling quarterly absorptions based on production plan as well as purchase price variances, scrap rates, material variances, etc.  
  • Participates in the annual budgeting process, including preparation of standard costs
  • Drive the development of procedures and controls that ensure meaningful and reliable product costs and accurate inventories
  • Assist with the documentation and compliance with Section 404 of the Sarbanes-Oxley
  • Prepare for and participate in internal and external reviews and audits
  • Involved, as time permits, in FP&A and general ledger support as well as special projects
  • Such other duties as assigned from time-to-time.

Job Complexity:

This position requires a comprehensive understanding of general and cost accounting principles.  Works on problems of diverse scope where analysis of data requires reconciliation and evaluation of identifiable factors. Requires the exercises of judgment within generally defined practices and policies in selecting methods and techniques to obtain solutions.

Supervisory Responsibilities:



  • A bachelor’s degree, major in Accounting, with a depth of skills in accounting (both financial and managerial), reporting, analysis, financial supply chain, processes and procedures
  • Biotech/medical device and public company experience a plus, with a working knowledge of cGMP, SOX 404 and FDA CFR Part 11 compliance
  • Knowledge of U.S. Generally Accepted Accounting Principles (GAAP) 
  • Requires 5+ years cost accounting experience in a process manufacturing environment and a good understanding of discrete manufacturing 
  • SAP experience with general ledger, cost accounting and inventory management required

Desired Experience, Knowledge, and Skills:

  • Strong communication skills, ability to present financial information in a meaningful understandable way
  • Ability to question norms and respectfully challenge others
  • Good team building skills including trust, professionalism, and be able to garner consensus across diverse groups
  • Self-motivated and ability to work independently and collaboratively and strong organizational skills are essential
  • Good technical accounting knowledge and skills in cost and general accounting
  • Robust internal controls understanding and documentation of all financial processes and transactions
  • Detail oriented, ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization of duties and functions in a fast-paced environment
  • Ability to work in a time-sensitive and high-volume environment
  • Excellent computer skills, including Microsoft Office suite and related tools

We are an equal opportunity employer, and we do not tolerate discrimination based on characteristics such as age, gender, gender identity and expression, genetic status, sexual orientation, race, ethnicity, national origin, religion, disability, military status, family status, or any other protected category under federal, state, or local law.

To Top