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Cost & Inventory Manager

Cost & Inventory Manager

ZipRecruiterSan Diego, CA, United States
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Job DescriptionJob DescriptionDescription :

SUMMARY

The Cost & Inventory Manager is responsible for collaborating with leadership and Finance staff within the company to provide support for the establishment of goals and budgets.

JOB RESPONSIBILITIES

Essential :

  • Analyze monthly financial results of the company and determine / explain material variances of actuals vs budget, vs prior month or vs prior year’s result. Propose adjustments as needed.
  • Develop accurate & timely financial trend analysis showing the company’s KPIs (Key Performance Indicators) to facilitate management decisions.
  • Responsible for monitoring inventory control activities including but not limited to reconciling physical vs perpetual records, cycle counts, material transfers, determining excess, obsolete & scrap materials, validating the various inventory balances (raw materials, work in process (WIP) and finished goods) as well as the cost of goods sold.
  • Participate in month-end process and post all adjustments related to inventory; prepare reconciliation workpapers for each inventory balance sheet account.
  • Responsible in maintaining standard cost (materials & labor) updates as needed.
  • Assist in creating a model to capture actual manufacturing cost (materials, labor & overhead) in order to determine product pricing.
  • Develop automated reporting and forecasting tools for efficient use of data.
  • Take an active role during budget process in preparing data to be used as basis for department heads to create their annual budgets.
  • Serve as liaison to other departments ensuring the timely completion of budget & communicate any questions or feedback from higher management.
  • Provide auditors (internal / external) schedules & explanations as needed for any inquiries related to inventory or manufacturing cost.
  • Work closely with finance accounting team providing feedback on proper treatment / posting of overhead expenses.
  • Coordinate with manufacturing & materials management team to ensure proper procedures are established to account for inventory movements & assist them to be audit ready.
  • Supervision of accounting staff

Supplementary Responsibilities :

  • Assist with the Board and shareholder meetings materials preparation.
  • Execute ad-hoc reports or projects as requested by Controller.
  • Performs other related duties or projects as business needs require at the direction of management.

    • JOB REQUIREMENTS

    Education and experience :

  • BS Degree in Accounting, Finance or Economics.
  • Minimum 5 years cost accounting / financial analysis experience required.
  • Pharmaceutical Manufacturing experience .

    • Knowledge, skills, and abilities :

  • Strong understanding of accounting theories and / or US GAAP / IFRS.
  • Detail oriented, highly organized and self-starter who sets and achieves aggressive goals.
  • Ability to meet deadlines with a sense of urgency.
  • Adapts to new situations & work in a fast-paced environment.
  • Demonstrates analytical thinking and problem-solving ability.
  • Excellent written & verbal communication skills.
  • Experience with the pharmaceutical industry or other life science businesses .
  • Proficiency with Microsoft Office applications and computer skills.
  • Experienced in ERP and financial systems.

    • WORK ENVIRONMENT / PHYSICAL DEMANDS / SAFETY CONSIDERATIONS

    Work Environment

  • This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets.

    • Physical Demands

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
  • While performing the duties of this job, the employee is required to perform repetitive tasks such as typing and use of mouse.
  • Consistently, the job is conducted primarily by sitting but will also be standing, reaching, climbing stairs, and twisting on sustained periods of time.
  • Occasionally required to climb ramps & step ladders, stooping, balancing, crouching & kneeling as well as lift or exert up to 10 to 50 pounds of force to move objects.
  • Employees are regularly required to talk, hear and exchange ideas accurately through oral communications.
  • The noise level in the work environment is usually quiet to moderate.
  • Specific vision requirements include close, distance or vision as well as depth perception & ability to adjust focus.
  • On occasion, employees may be asked to work on weekends or nights or on call as needed.
  • Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.
  • Duties, responsibilities, and activities may change at any time with or without notice

    • Requirements :

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