Sr Cost Accountant
Fresenius Kabi USA
Summary
The Senior Cost Accountant is responsible for analyzing and maintaining product costs, inventory valuation, manufacturing performance metrics, and operational financial reporting. This role partners closely with Operations, Supply Chain, Engineering, and Finance leadership to provide actionable insights that improve profitability, support cost reduction initiatives, and ensure the integrity of cost accounting processes. The position serves as the subject matter expert for standard costing, manufacturing variances, and inventory analysis while supporting budgeting, forecasting, and strategic decision-making.
Job description
Job Summary
The Senior Cost Accountant is responsible for analyzing and maintaining product costs, inventory valuation, manufacturing performance metrics, and operational financial reporting. This role partners closely with Operations, Supply Chain, Engineering, and Finance leadership to provide actionable insights that improve profitability, support cost reduction initiatives, and ensure the integrity of cost accounting processes. The position serves as the subject matter expert for standard costing, manufacturing variances, and inventory analysis while supporting budgeting, forecasting, and strategic decision-making.
Responsibilities
Cost Accounting & Product Costing
Maintain and analyze standard costs, Bills of Materials (BOMs), routings, and product cost structures. Perform annual and periodic standard cost updates. Support new product costing, profitability analysis, and pricing decisions. Ensure accurate product cost valuation within SAP S/4HANA systems.
Manufacturing Finance & Variance Analysis
Analyze labor, material, overhead, scrap, yield, and production variances. Investigate root causes of manufacturing inefficiencies and provide recommendations for corrective action. Develop and monitor key manufacturing KPIs. Present cost performance results to Finance and Operations leadership.
Inventory Management
Monitor inventory valuation and reserve calculations. Support cycle count programs and physical inventories. Analyze inventory accuracy and identify inventory-related risks and opportunities. Reconcile inventory balances and resolve discrepancies.
Financial Planning & Analysis
Support monthly close activities, including journal entries, accruals, and account reconciliations. Assist with annual budgets, forecasts, and long-range planning. Perform budget-to-actual analysis and explain significant variances. Develop financial models to support operational and strategic initiatives.
Cost Reduction & Business Partnership
Identify and quantify cost savings opportunities. Partner with manufacturing, supply chain, and engineering teams on continuous improvement projects. Support productivity initiatives, sourcing decisions, and capital investments with financial analysis. Track and report realized savings from cost reduction programs.
Reporting & Systems
Develop and maintain cost reporting and financial dashboards. Support SAP costing and other financial systems enhancements. Improve reporting automation and data accuracy. Ensure compliance with internal controls, accounting policies, and GAAP requirements.
Requirements
- Bachelors Degree in accounting.
- Five plus (5+) years cost accounting experience in a manufacturing facility is preferred.
- Experience using SAP GUI (not Fiori) in a manufacturing environment. (S/4HANA preferred)
- Working knowledge of standard costing, financial inventory controls and GAAP are required.
- Intermediate to Advanced Excel skills (Functions, Pivot Tables, Complex Formulas, etc)
- Must be able to communicate, both written and verbal with all levels of plant management.
Benefits
- Medical, Dental & Vision
- Life Insurance
- Disability Insurance
- 401(k) with Company Contribution
- Wellness Program
- Annual Target Bonus
Company overview
Fresenius Kabi USA is a leading global healthcare company and a subsidiary of Fresenius Kabi AG, specializing in pharmaceutical manufacturing and medical technologies. Headquartered in Lake Zurich, Illinois, the company operates as a comprehensive provider of essential medicines and technologies for critically and chronically ill patients. With over 43,000 employees globally and a presence in more than 100 countries, Fresenius Kabi USA focuses on four complementary business areas: Biopharma (biosimilars for autoimmune diseases and oncology), Pharma (IV drugs and infusion therapy), Medical Nutrition, and MedTech. The company's extensive portfolio includes injectable drugs, delivery systems, advanced transfusion medicine, cell therapy technologies, clinical nutrition products, and infusion devices. Serving hospitals, long-term care facilities, alternate care sites, and clinics, Fresenius Kabi USA is committed to providing high-quality, lifesaving medicines and technologies while driving healthcare transformation through innovation and patient-centric solutions.