What are the responsibilities and job description for the Medical Financial Estimator position at Millstone Medical?
Job Description
We are seeking a highly analytical Cost Accountant to join our finance team.
The Cost Accountant will be responsible for tracking, analyzing, and reporting on production costs, inventory valuations, cost and labor variances, which will contribute to financial planning and decision-making processes.
Key Responsibilities:
- Month-end closing duties, reconciliations, and analysis relating to inventory as well as the income statement down to the gross margin level, including standard cost of sales, variances, scrap, reserves and inventory cycle count adjustments.
- Reconcile perpetual inventory accounts to the G/L monthly.
- Thorough understanding of Bill of Materials / routings and other supporting documents and their impacts on manufacturing costs.
- Maintain material cost standards, labor rates, and manufacturing overhead and keep information updated in ERP system.
- Review cycle count adjustments with operations to understand the cause and propose corrective action to avoid repeat variances.
- Prepare and monitor monthly the Inventory Obsolescence Reserve and work with Operations and Program Managers to charge back customers where appropriate to eliminate excess.
- Organize, coordinate and implement the annual Physical Inventory with Operations and the Company's outside Financial Auditors as well as participate in the annual external audit with the Auditors.
- Work closely with Continuous Improvement personnel to ensure all proposed changes to inventory items and BOMs are vetted and the financial impacts are understood and agreed to prior to implementation.
- Proactive analysis of variances and communication of issues and opportunities to management.
- Monitor standard costs and work closely with Supply Chain and Operations to implement necessary cost rolls.
- Backup responsibilities within the finance department for vacation/other absence coverage.
Requirements:
- Bachelor's degree in Finance or Accounting.
- Ability to work independently with limited daily supervision.
- 4 plus years' related cost experience in a manufacturing environment with a focus on inventory and cost accounting responsibilities.
- Ideal background includes experience within cost accounting, financial analysis, or inventory accounting in a mid-size manufacturing company.
- Ability to interact with different levels of personnel, including senior management.
- Strong proficiency in Microsoft Office, particularly Excel is required.
- Experience utilizing a top ERP system, Oracle or SAP a strong plus.
About Us:
Millstone Medical Outsourcing is a fast-paced, private equity owned company in need of motivated and hard-working individuals to assist in its expansion. Millstone's business focus is packaging medical devices, 3PL logistical and warehousing services, and biological testing services. Millstone is FDA and ISO registered and employs a detailed internal quality system to ensure compliance.
