Inventory & Cost Accounting Manager
iRhythm Technologies, Inc.
Summary
iRhythm is currently seeking an experienced Inventory & Cost Accounting Manager. The responsibilities of this position will include the oversite and stewardship of the Cost Accounting processes, inclusive of ownership of inventory transactions and understanding of cost-related performance measures as it relates to cost of revenue. Additionally, this position will provide research and oversight of inventory transactions and collaborate with cross-functional teams to transition and improve processes.
Job description
Specific job responsibilities include:
- Be a subject matter expert in the manufacturing process from raw material to finished goods and cost of sales.
- Perform analytics throughout the month on cost of sales, absorption, PPV, and other metrics to ensure timing and accuracy of standards and gross margins.
- Maintain the integrity and accuracy of product cost data; assist with close activities as needed.
- Collaborate with cross-functional teams to analyze cost accounting data and provide insights to drive business decisions.
- Lead matrixed team of accountants in a global organization. You will delegate process improvement projects, documentation, adhoc analysis, and support them in close by reviewing and approving month end close journal entries.
- Ensure compliance with the Company's policies, internal controls, procedures, and regulatory requirements (administer/maintenance of protected health information).
- Establish inventory policies and processes and continuously improve inventory management practices.
- Assist cost accounting and manufacturing team in setup of manufacturing bill of materials (BOMs) and routings. Additionally, assists supply chain in material master setup of purchased parts.
- Identifies tasks and deliverables for implementation and assists in the creation, coordination, and execution of those tasks.
- In collaboration with the broader Cost Accounting/Operations FP&A team, establish KPIs and timelines as well as cadence for ongoing communications to stakeholders.
- Coordinate and create training for other finance, accounting, manufacturing, and procurement teams as necessary.
- Lead annual standards setting process – supply chain, manufacturing, and engineering update support and cost roll ups to support Annual Operating Plan (AOP).
- Set standard costs in ERP system. Maintain updates to materials via MasterControl requests and update materials in QAD/ERP system accordingly.
- Assist FP&A with product cost related information and modeling for forecast refreshes.
- Assist in audit and ad-hoc cost accounting requests.
Project Related – ERP Implementation responsibilities include:
- Provide data conversion (gathering, cleansing, etc.) and testing support.
- Assess current financial policies, procedures, and systems. From that, assist Sr Manager to create the workflow to be used with the new ERP system.
Minimum Requirements:
- Bachelor's Degree in Accounting, Finance, or a related field.
- 8+ years of accounting or finance experience, 5+ years of cost accounting experience preferred.
- Advanced knowledge of Excel (e.g., Pivot Tables, V-Lookup, data merges, filters, etc.).
- Experience in Sarbanes-Oxley-compliant environment.
- Strong understanding and proficiency in U.S. GAAP.
- Willingness to work flexible or extended hours during month end close to support an international team of accountants based in the Philippines.
- Experience with tight deadlines and responsibility for accuracy and timeliness for work performed or reviewed.
- Experience managing and leading a team.
- High attention to detail, excellent organizational skills, and the ability to work on multiple projects.
- Excellent oral and written communication skills, and proven ability to work with limited supervision.
Preferred Qualifications:
- Knowledge of multinational ERP is required; SAP and/or QAD is a plus.
- Previous experience in ERP implementations or related project management experience.
- Experience in a fast-paced, team-oriented, matrixed organization.
- Excellent interpersonal skills and the ability to deal effectively with a variety of personnel, both internally and externally.
- An eagerness to learn and take on challenges in a rapidly-growing and dynamic environment; must be a team player.
- Strategic thinking with an emphasis on relationship management and communication at all levels within an organization.
Requirements
- Bachelor's Degree in Accounting, Finance, or a related field
- 8+ years of accounting or finance experience
- 5+ years of cost accounting experience preferred
- Advanced knowledge of Excel (Pivot Tables, V-Lookup, data merges, filters)
- Experience in Sarbanes-Oxley-compliant environment
- Strong understanding and proficiency in U.S. GAAP
- Willingness to work flexible or extended hours during month end close
- Experience with tight deadlines and responsibility for accuracy and timeliness
- Experience managing and leading a team
- High attention to detail, excellent organizational skills, ability to work on multiple projects
- Excellent oral and written communication skills
- Knowledge of multinational ERP is required; SAP and/or QAD is a plus
- Previous experience in ERP implementations or related project management experience
Benefits
- 401(k) Matching
- Medical, Dental & Vision
- Unlimited PTO
Company overview
iRhythm Technologies, Inc. is a leading digital healthcare company specializing in cardiac monitoring solutions. Founded in 2006 and publicly traded on NASDAQ under the ticker IRTC, the company has developed the innovative Zio platform, which combines wearable biosensors with cloud-based data analytics and proprietary algorithms to transform cardiac care. iRhythm's technology distills data from millions of heartbeats into clinically actionable information, enabling physicians to diagnose arrhythmias more quickly and efficiently than traditional methods. The company's flagship product, Zio by iRhythm, represents a significant advancement in ambulatory cardiac monitoring, offering long-term continuous monitoring that helps avoid multiple indeterminate tests and allows for appropriate medical intervention. With headquarters in San Francisco, California, iRhythm operates globally with a workforce of 1,001-5,000 employees dedicated to advancing digital health solutions. The company's mission focuses on creating trusted solutions that detect, predict, and prevent disease through a relentless focus on patient care, delivering better data, better insights, and better health outcomes for all.