Senior Cost Accountant

About the Department

At Novo Nordisk, we want to make a difference. For more than 100 years, we have led the way in diabetes care. Being part of Novo Nordisk allows our employees to embark on the opportunity to help improve the quality of life for millions of people around the world.

 

Our Bloomington, Indiana site is a state-of-the-art facility where we have an integrated model from process and formulation to clinical and commercial biomanufacturing and drug product fill/finish and packaging. The Bloomington campus is a recognized facility where talented teams work with innovators to help develop, manufacture and supply products to patients around the world.  

 

What we offer you:

1. Leading pay and annual performance bonus for all positions
2. All employees enjoy generous paid time off including 14 paid holidays
3. Health Insurance, Dental Insurance, Vision Insurance – effective day one
4. Guaranteed 8% 401K contribution plus individual company match option
5. Family Focused Benefits including 14 weeks paid parental & 6 weeks paid family medical leave
6. Free access to Novo Nordisk-marketed pharmaceutical products
7. Tuition Assistance 
8. Life & Disability Insurance
9. Employee Referral Awards

 

At Novo Nordisk, you will find opportunities, resources, and mentorship to help grow and build your career.  Are you ready to realize your potential?  Join Team Novo Nordisk and help us make what matters.

 

The Position

 

The Senior Cost Accountant plays a vital role in maintaining the integrity of our financial records and actively participates in the preparation of financial statements, reporting, and the establishment of internal controls. This position collaborates closely with the accounting team and various departments to deliver insights related to inventory management and cost of goods sold, thereby supporting the efficiency of the company's financial operations. Additionally, the Senior Cost Accountant will serve as a mentor to junior accountants, fostering professional growth within the team.

 

Relationships

 

Reports to Site Manager.

 

Essential Functions

 

• Analyze and report COGS across manufacturing operations, ensuring accuracy and alignment with financial plans
• Collaborate with production, supply chain, and finance teams to drive cost transparency and variance analysis and provide insights on trends, cost drivers, and opportunities for cost reduction
• Oversee inventory valuation, reconciliation, and financial reporting, ensuring compliance with company policies and accounting standards
• Monitor and improve controls around inventory transactions, cycle counts, and physical inventory processes
• Manage inventory adjustments and coordinate closely with operations on inventory accuracy
• Develop and maintain methodologies for excess and obsolete inventory reserves, including quarterly calculations and adjustments, ensuring reserves reflect current business conditions and risks
• Partner with FP&A and commercial teams on product lifecycle impacts and supply planning
• Lead annual standard cost roll processes, including material, labor, and overhead allocations. Maintain cost structures and ensure cost models reflect operational realities. Analyze variances between standard and actual costs and provide actionable recommendations
• Support monthly, quarterly, and year-end close activities related to cost accounting ensuring accuracy and timeliness of journal entries, account reconciliations, and internal reporting, as well as maintain compliance with internal controls (SOX), policies, and procedures
• Act as a financial advisor to manufacturing, supply chain, and procurement teams supporting capital investment projects, operational planning, and cost efficiency initiatives
• Drive continuous improvement in cost accounting processes, systems, and analytics
• Other duties, as assigned

 

Physical Requirements

 

100% work scheduled based on-site at Bloomington, Indiana facilit