Associate Director, Cost Accounting

Lead cost accounting functions, including the preparation, analysis, and reporting of standard costs, inventory valuation, and manufacturing variances.

Oversee the preparation of cost of goods sold (COGS) calculations, inventory reconciliation, and the establishment of standard costs for products and services.

Review and analyze monthly, quarterly, and annual cost performance, ensuring accuracy and identifying opportunities for cost optimization.

Develop, prepare, and present cost reports and analysis to senior leadership, highlighting key cost drivers and trends.

Monitor and analyze manufacturing costs, variances, and product margins, and provide recommendations to improve profitability.

Assist in the preparation of annual budgets and forecasts, with an emphasis on cost projections and margin optimization.

Lead initiatives to improve cost accounting systems, tools, and processes, driving greater accuracy, automation, and efficiency in cost tracking and reporting.

Develop cost models and simulations to assess the financial impact of production decisions, such as changes in raw materials, labor costs, and production volumes.

Oversee inventory valuation, ensuring compliance with industry standards and company policies.

Ensure accurate reconciliation of inventory balances and provide guidance on inventory management best practices.

Ensure the team's adherence to deadlines and high-quality standards in financial reporting and cost analysis.

Collaborate with cross-functional teams to provide financial insights and drive cost optimization strategies.

Ensure that cost accounting practices adhere to Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and company-specific policies.

Maintain strong internal controls to ensure the accuracy and integrity of cost accounting data.

Support internal and external audits by providing required documentation and explanations of cost-related processes.

Ensure cost accounting methods and reporting are in compliance with industry regulations and standards, such as those set by the FDA and other governing bodies.

Perform such other duties as may be assigned to you from time to time

Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master’s degree or CPA (Certified Public Accountant) is preferred.

Minimum of 8–10 years of experience in cost accounting or financial management, preferably within the Life Sciences, pharmaceutical, or biotechnology sectors.

At least 3–5 years of experience in a managerial or supervisory role, leading a team of cost accountants or finance professionals.

Extensive experience with cost accounting systems, ERP software (SAP, Oracle, etc.), and data analysis tools (Excel, Power BI, etc.).

Strong knowledge of cost accounting principles, inventory management, and financial analysis.

In-depth understanding of manufacturing cost structures, labor costing, and overhead allocation.

Ability to manage complex financial models and cost systems.

Excellent communication and interpersonal skills, with the ability to collaborate across departments and present financial information to non-financial stakeholders.

Strong problem-solving skills and the ability to drive process improvements.

Ability to work under pressure and meet tight deadlines.