Cost Accounting Manager

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Job description

Element Biosciences is a multi-disciplinary startup focused on innovating genetic analysis tools for the research and clinical markets. The Company's technology will broaden the end user experience through improved data quality and simplified workflows to benefit discoveries and diagnostics in healthcare.

The Cost Accounting Manager will play a key role in Element Biosciences' growing finance and accounting team. The ideal candidate will have experience in a fast-paced private or public company environment and has demonstrated experience implementing and maintaining inventory accounting policies and procedures and providing ongoing accounting and FP&A support relating to inventory and manufacturing operations.

Essential Functions and Responsibilities

• Development of the cost accounting methodology and KPI reporting for inventory & COGS reporting (P&L)
• Maintain accurate costing methodology in an ERP and manual system
• Maintain standard cost system to ensure accuracy of inventory valuation and lead annual manufacturing cost standard updates and analyze variances to standard costs
• Monitor inventory transactions including; intercompany inventory transactions and processes including scrap, inventory, and COGs, to ensure accuracy and compliance with Finance policies
• Monthly manufacturing and overhead variance research, analysis, and reporting, including labor/overhead absorption by-product lines
• Prepare monthly revenue & associated gross margin analysis by product/SKU level analysis
• General ledger reconciliation responsibility for all inventory and cost of goods sold accounts
• Prepare inventory reserves and ensure compliance with periodic cycle counts and physical inventory and reconcile results
• Provide support to the FP&A team by forecasting/modeling quarterly absorptions based on production plan as well as purchase price variances, scrap rates, material variances, etc.
• Participate in the annual budgeting process, including preparation of standard costs
• Drive the development of procedures and controls that ensure meaningful and reliable product costs and accurate inventory balances

Required Skills/Abilities

• Comprehensive understanding of manufacturing variances, overhead absorption, and standard costs
• Excellent computer skills including advanced MS Excel (e.g., Pivot Tables, V-Lookups, data merges, filters, and IF statements) and MS Word experience, are required
• Excellent written and verbal communication skills and ability to communicate with a variety of other functional areas including operations, material planning, and warehouse teams
• Demonstrates high energy with the ability to remain flexible and change priorities in a challenging and fast-paced environment
• Excellent professional written and verbal communication and interpersonal skills required
• Strong knowledge of GAAP and SOX 404

Education and Experience

• Bachelor's degree in Accounting or Finance or related field, with a minimum 5-8 years of experience using a "standard cost" model in the manufacturing industry or related relevant experience (an equivalent combination of experience and education may be considered)
• 2 to 3 years public accounting experience preferred
• Experience with ERP systems, NetSuite is a plus
• Detailed experience with inventory and COGS accounts reconciliations and related accounting
• Experience with month-end closing and working in a fast-paced environment
• Experience with inventory cycle count process

We are passionate about our mission to develop high performing products to study genomics in an unprecedented flexibility and to understand biology for the improvement of healthcare. We have built a highly efficient product-driven organization where employees can learn, grow and thrive in a challenging but encouraging environment. We are committed to scientific integrity, collegiality, honesty, objectivity, and openness. We offer excellent benefits, which include a 401K plan, competitive health benefits, flexible vacation, and equity incentives.

We foster an environment such that all people are afforded the freedom to pursue their passions without regard to race, color, religion, national or ethnic origin, gender (including pregnancy), sexual orientation, gender identity or expression, age, disability, veteran status or any other characteristics protected by law.