Cost Accountant Iii

As part of the Global Microbiology Costing team, you will be responsible for supporting all cost accounting and inventory activities for all MBD manufacturing sites. Working closely with the regional controller and site operations finance leads, this role will drive global best practices and standardize processes across all MBD manufacturing sites.

**How will you make an impact?**

You will work to build a world class cost accounting organization by developing and deploying consistent methods of establishing standard costs, variance analysis and reporting. You will be an integral part of the global cost accounting organization, partnering with supply chain, sourcing, site operations, and operational improvement leaders to drive critical metrics.

**Principal Responsibilities**:

- ** Standard Costing**:

- Support all aspects of the annual standard cost update in the SAP ERP system and compute the inventory revaluation adjustment.
- Work with the supply chain and sourcing functions to establish accurate materials costs.
- Assist in the analysis of year over year variances for both material and labor/overhead costs.
- Consolidate updated standard costs by SKU for communication to the commercial group for use in timely updates to product pricing.
- Prepare and roll standard costs for new items as needed in a timely manner.
- Support new product introduction (NPI) efforts by performing cost modeling of proposed new products.
- ** Monthly Closing**:

- Oversee the month end inventory detail report generation out of the SAP EPR system.
- Calculate excess and obsolescence reserve adjustments
- Calculate the accrual and reserves for inventory at risk such as blocked stock and expiry.
- Prepare monthly journal entries for the capitalization of purchase price, material usage, and net absorption variances.
- Reconcile the cost of sales transactions between material transactions and general ledger.
- Prepare monthly production volumes reporting (standard hour and units produced).
- ** Other**:

- Support the annual physical inventories and cycle count programs at each site.
- Support periodic audits of bills of materials.
- Drive standardized daily/weekly metrics reporting for inventory scrap, materials usage, and purchase price variances.
- Generate daily production volumes reports (standard hours/units).

**How you will get here**:

- ** Education**:

- Four-year college degree in Accounting or Finance.
- ** Experience**:

- 3-5 years of standard cost accounting experience in a manufacturing environment.
- ** Knowledge, Skills, Abilities**:

- Communications Skills: Ability to communicate effectively with all levels of personnel to get cooperation for solution.
- Attention to detail