Cost Accountant I

Why Orthofix?
    

Guided by our organizational values – Take Ownership | Innovate Boldly | Win Together – we collaborate closely with world-class surgeons and other partners to improve people’s quality of life. At Orthofix, we want team members who build relationships and share knowledge, challenge the status quo, and deliver results every day to help us achieve our vision to be the unrivaled partner in Med Tech.  

Our global team of over 1,600 employees brings to market highly innovative, cost-effective, and user-friendly medical technologies that heal musculoskeletal pathologies for patients and the healthcare professionals who treat them. Looking to change people’s lives? Look no further.

JOB PURPOSE

The Cost Accountant I will provide financial and analytical support to the plant, and operations team. The position is accountable for supporting inventory and cost accounting functions at the manufacturing plant, reviewing and closing completed work orders, and meeting month end close deadlines. Month end close activities include inventory and cost of sales journal entries, accruals, reclassification entries, inventory account reconciliations, and assisting with inventory and cost of sales analysis and reporting. The position requires strong interpersonal and communication skills. The Cost Accountant I must display the ability to work within a team environment, make logical decisions, and show flexibility in a fast-paced environment

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

The following are the essential functions of this position. This position may be responsible for performing additional duties as tasks as needed and assigned.

• Perform analysis and review of cost of goods sold transactions, scrapped material, purchase price variances, standard cost changes, inventory revaluations, and manufacturing variances.

• Perform weekly work order variance reviews to ensure transactions are recorded correctly and costs are accurate, and close completed work orders.

• Perform monthly analysis of operating costs and budget vs actual variances.

• Assist with the preparation of excess & obsolete inventory reserves and shrink reserves.

• Process month-end journals and prepare related month-end reconciliations.

• Review individual part costs to ensure they are current and accurately reflect manufacturing and purchase costs.

• Assist with costs updates or standard cost roll-ups as required.

• Prepare and analyze monthly results for discussion with Director of Operations Accounting. 

• Provide data collection and supporting inputs for the annual budget and periodic reforecasting processes.

• Assist with calculation of standard labor and overhead rates on an annual basis.

• Assist with preparation and performance of physical inventories, as required.

• Maintain compliance with company policy and procedures and SOX internal controls.

• Support internal and external audits during quarterly reviews and annual audits.

• Interface successfully with other peer groups to achieve common goals and objectives.

• Work on special projects as needed.

• General ledger and cost accounting duties.

• Work order variance reviews and closes.

• Analysis and reporting.

• Budgeting and forecasting support.

• Compliance, SOX, and audit support.

• Other tasks and projects, as assigned.

MINIMUM QUALIFICATIONS

The requirements listed below are representative of the education, knowledge, skill and/or ability required for this position.

Education/Certifications:

• Bachelor’s Degree in Accounting or Finance required

Experience, Skills, Knowledge and/or Abilities:

• 1-3 years inventory and cost accounting experience

• Competence in time management and the ability to promote cooperation among co-workers

• Ability to work with minimal direction from management

• Ability to analyze and reconcile financial data

• Knowledge of personal computer databases and Excel spreadsheets

• Ability to effectively communicate verbally and in writing

• Effective organizational skills

PREFERRED QUALIFICATIONS

The education, knowledge, skills and/or abilities listed below are preferred qualifications in addition to the minimum qualifications stated above.