Manager, Cost Accounting

Job Description
Career Level Manager

Category Financial Operations

Job Description


The position reports to the Corporate Controller. The ideal candidate will be an accounting professional with 5 or more years experience in cost accounting in a batch processing manufacturing process. The individual should be highly proficient in analyzing variances and preparing a wide range of reports to meet the needs of various internal business partners including manufacturing to drive process improvement and cost reduction and senior finance management to better understand margins by product. This position is responsible for the monthly closing process as it relates to inventory and cost accounting. This position is responsible for evaluating cost accounting systems and processes, researching ways to improve quality, relevance and timeliness of cost accounting information, recommending process improvements and working with internal business partners to implement change. This individual will also be responsible for partnering with operations and engineering to develop the annual production forecast, determine cost standards and agreeing on the approach for assigning costs to goods manufactured.


• Ensure timely and accurate monthly financial close of cost accounting and inventory with adequate controls and reviews in place.

• Develop and maintain cost accounting policies and procedures.

• Oversee and perform various cost accounting functions including full absorption standard costing, analysis and setting of labor and overhead rates, pricing, volume and efficiency variance analysis.

• Work closely with manufacturing personnel to analyze actual margin performance by product and make recommendations to management for margin improvement.

• Prepare monthly analysis by product of manufacturing variances for goods manufactured and also goods sold during the period. Review variances with Operations and Finance management. Propose and help implement strategies to improve efficiency and reduce cost.

• Partner with operations to facilitate updating of cost standards and bills of material and also to build a 12 month production forecast within the ERP system.

• Roll standards at least annually.

• Seek opportunities for improvements in inventory and cost accounting by researching and proposing best in class strategies and leading the effort to implement those strategies.

• Supervise and develop one Senior Cost Accountant and one plant controller. Direct and oversee their activities. Develop their skills in the area of inventory and cost analysis and reporting.

• Prepare supplemental financial information required for reporting to the parent company and ensure timely delivery.

• Coordinate delivery of required financial information to third-party consultants including auditors, tax advisors, valuation specialists and insurance brokers as needed.

• Maintain inventory reserve analysis for excess and obsolete inventory and lower-of-cost-or-market.

• Manage Year-end Physical Count and periodic cycle counts.

• Partner with new product development, operations and business planning and analysis to prepare cost models for prospective products and potential MFG alternatives.


Communication Skills

• Ability to communicate effectively in a multicultural, multinational environment.

• Exceptional verbal and written communication skills.

• Superior interpersonal skills.

• Excellent presentation skills and an ability to engage audiences.

• Ability to build relationships and work well across functions.

• Experience in a collaborative team environment, delegating workload and responsibilities.

Analytical Skills

• Superior ability to analyze quantitative and qualitative data, extract essential elements and propose appropriate solutions.

• Ability to analyze new, unfamiliar and/or complex business or financial matters, evaluate the financial consequences and propose appropriate courses of action.

Time & Project Management

• Ability to lead and manage multiple projects simultaneously and have strong organizational skills.

• Demonstrates proficiency in project management methodology.

Business Acumen and Skills

• Strong background in inventory and cost accounting in a batch processing manufacturing environment.

• Strong understanding of the set up and function of complex ERP systems, particularly in modules pertaining to inventory and cost accounting, work order flow and planning.

• Ability to understand strategic issues impacting Noven’s business and in the context of the overall business perspective, patterns and systemic issues.

• Ability to analyze complex information and synthesize the output into a form which is meaningful for executive review and decision making.

• Demonstrates a strong customer orientation.

• Demonstrates cross-functional expertise and the ability to thrive in a highly complex environment.

• Proficient with Microsoft Office (Word, Excel, PowerPoint).

Leadership Skills

• Demonstrates superior judgment and leadership capabilities, including people development/coaching, objective setting, and measurement skills, staff direction and motivation, financial planning and control, quality management, risk management, and the achievement of targets.

• Experience managing finance staff of 2-3 people.

Behavioral Traits

• Demonstrates strong attention to detail.

• Demonstrates the capacity to manage changing priorities and ambiguity while maintaining direction and focus through proactive planning and organized approaches to work.

Job Requirements


EDUCATION / EXPERIENCE: Bachelor's degree in accounting required. Masters degree, CPA and/or CMA designation is viewed favorably. A minimum of 5 years of relevant work experience in Inventory and Cost Accounting, including supervision and leadership of people. Pharmaceutical experience in a batch processing manufacturing environment is preferred. Experience using cost accounting modules of JD Edwards or comparable ERP system in a manufacturing environment is preferred. Experience in Lean/Six Sigma is a plus.


JUDGMENT / DECISION MAKING: Works on complex problems where analysis of situations or data requires an in-depth evaluation of various factors. Exercises judgment within broadly defined practices and policies in selecting methods, techniques and evaluation criteria for obtaining results.

FINANCIAL RESPONSIBILITY: Ensures budgets, schedules and performance requirements are met. Erroneous decisions may jeopardize overall business activities.

RESPONSIBILITIES FOR CONTACTS: Frequent contact with all levels of internal personnel to exchange information, coordinate projects and solve problems. Frequent contact with business partners, senior and executive management, and external consultants or vendors.

SUPERVISORY RESPONSIBILITY: Supervises one senior cost accountant and one plant controller. Responsible for the full employment relationship of professional staff supervised.
Noven is an equal opportunity and affirmative action employer which recruits, hires, trains and promotes persons in all positions without regard to race, color, religion, sex, national origin, citizenship, disability or veteran status.


Noven Pharmaceuticals

Job Code

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