Cost Analysis Manager
Ferring Pharmaceuticals
Summary
The Cost Analysis Manager will be responsible for leading Technical Operations financial planning, analysis and reporting including but not limited to the monthly closing process, monthly forecasting and ad-hoc financial analysis locally and with central functions. Other responsibilities include inventory costing, internal controls, transfer price and P&L tracking/monitoring. This role will be critical to support the site moving from an Oracle ERP system to an SAP ERP system in the upcoming fiscal year.
Job description
Summary
The Cost Analysis Manager will be responsible for leading Technical Operations financial planning, analysis and reporting including but not limited to the monthly closing process, monthly forecasting and ad-hoc financial analysis locally and with central functions. Other responsibilities include inventory costing, internal controls, transfer price and P&L tracking/monitoring. This role will be critical to support the site moving from an Oracle ERP system to an SAP ERP system in the upcoming fiscal year.
Responsibilities
Period End Closing and Reporting
- Define Journal entries related to Manufacturing activities (inventory, variances, variance capitalization)
- Perform analytical review
- Perform accounting reconciliation
- Perform Internal Controls
- Analyze manufacturing financial variance
- Determine root drivers for financial variances and explain them as needed
Inventory Management and Validation
- Perform cost accounting and control
- Inventory reconciliation and reporting
- Obsolescence Analysis and reporting
- Lead Quarterly Inventory counts
- Set standard COPS annually
Audit
- Support with documentation gathering for Quarterly internal audit assessment
- Support both external and internal audit by providing documentation and explanation on requests
Strategic Financial & Analysis
- Responsible for all Financial Planning and Reporting processes including strategic plans, Budgets, Latest estimates, and Monthly/Quarter latest outlook for operational costs as well as ROI analysis on business case analysis
- Lead preparation of financial planning and analysis related to annual operating plans and support all business planning cycles
- Develop monthly reporting packages and Executive KPI/Performance dashboards focusing on key performance indicators to track financial performance -vs- Budget and support brand marketing strategies
- Ensure financial results from operations are reported timely, accurately and in compliance with US GAAP/IFRS
- Responsible for Tech ops financial planning and analysis, taxation, and transfer pricing, calculating transfer price for items and provide tax cross charges calculations to verify that profit range is met
- Collaborate with Finance Director & Business Operations to drive finance discussions with department heads across the organization and provide meaningful and timely financial advice
Requirements
- Bachelor's degree or master's in finance or accounting
- 5-years minimum of experience in Finance/Accounting, 7+ preferred
- Demonstrated understanding of financial and accounting principles and processes
- Manufacturing background, cost accounting, and SAP experience strongly preferred
- CPA or public accounting preferred
- An analytical mindset and be a self-starter, being able to see opportunities and solve problems independently
- Good communication and stakeholder management skills, being able to work with both management and employees in the organization
- Presenting your views and being challenged
- Work independently with the ability to influence multiple stakeholders
- Ability to work in decentralized, multinational finance structure
- Ability to set long-term financial targets and sponsor performance improvement projects
- Professional business English (oral and written) as well as local language as required
Benefits
- Medical, Dental & Vision
- 401(k) Plan
- Company 401(k) Match
- Short-Term Disability
- Long-Term Disability
- Basic Life Insurance
- Wellness Benefits
- Tuition Reimbursement
- Sick Time
- Paid Vacation
- Paid Holidays
- Paid Parental Leave
- Annual Bonus
- Flexible Benefits
- Learning And Development
Company overview
Ferring Pharmaceuticals is a Swiss multinational biopharmaceutical company specializing in reproductive health, maternal health, gastroenterology, and urology. Founded in 1950 by Dr. Frederik Paulsen Sr. and Dr. Eva Paulsen in Malmö, Sweden, the company has grown into a global leader with headquarters in Saint-Prex, Switzerland. Ferring employs over 7,000 people worldwide and operates in more than 50 countries, marketing its products in over 100 countries. The company is privately owned and research-driven, with a strong commitment to building families and helping people live better lives. Ferring has been developing treatments for mothers and babies for over 50 years and is at the forefront of innovation in microbiome-based therapeutics and uro-oncology intravesical gene therapy. The company's portfolio includes leading products such as Menopur for reproductive medicine, Pentasa for gastroenterology, and Adstiladrin for bladder cancer treatment. With manufacturing facilities across Europe, South America, China, India, and the United States, Ferring maintains a robust global presence while maintaining its focus on specialty biopharmaceuticals that address significant unmet medical needs.