What are the responsibilities and job description for the Inventory Cost Accountant position at Braeburn?
Reports to : Controller
Location : Plymouth Meeting, PA (Hybrid)
Company Overview :
Braeburn is dedicated to delivering solutions for people living with the serious consequences of opioid use disorder. At Braeburn, we challenge the status quo and champion transformation of the management of opioid use disorder (OUD) by partnering with the community to create a world where every person with OUD gets the best possible care and opportunity to reach their full potential. Our shared commitment to innovation on behalf of patients enables us to help people with OUD begin and sustain recovery.
At Braeburn, there are opportunities to contribute to our purpose every day. We value authenticity and strive to amplify all voices. Our culture empowers everyone to be successful and unleashes our full potential.
Position Summary :
The Inventory Cost Accountant is responsible for ensuring the accuracy and integrity of our inventory records, which currently consists of an outsourced, third-party model. The Inventory Cost Accountant should be detail-oriented and must have experience in the life sciences industry, including a basic understanding of FDA regulatory compliance. The Company currently utilizes lot specific identification costing method for inventory. The Inventory Cost Accountant should be familiar and have experience in various costing methods as the Company will likely pursue standard costing at some point in the future. The Inventory Cost Accountant will also be responsible for the management of the Company's third-party logistics provider, which includes oversight of any day-to-day issues, ensuring they are resolved in a timely manner.
Specific Duties :
- Oversee the accurate valuation of inventory using lot specific identification costing of raw materials, work-in-process, and finished goods.
- Reconcile monthly inventory records from external third parties with internal inventory records.
- Analyze and investigate inventory variances with various internal and external stakeholders. Implement corrective actions and propose improvements for our external vendors in inventory management.
- Assist in management of day-to-day operations of Braeburn's third-party logistics provider (3PL).
- Perform regular physical inventory counts as needed.
- Monthly, journalize the necessary inventory entries with appropriate documentation.
- Monitor inventory levels and evaluate potential obsolescence items.
- Assist the Supply Chain team with demand planning activities and provide expertise and review of plans.
- Assist the Controller with other ad-hoc projects as needed.
Skills :
Education / Experience :
Braeburn is committed to ensuring equal employment opportunity for all qualified applicants regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, military / veteran status, age, disability, or any other category / characteristic protected by law (collectively, "Protected Categories"). In fact, we encourage all underrepresented backgrounds to apply for any open job positions with the company.
