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 II will assist with all aspects of cost accounting. This position will be accountable for ongoing analysis of purchase and manufacturing variances, scrap, inventory, cycle counting, and completing month end close deliverables within deadlines. Month end close activities include inventory and cost of sales journal entries, accruals, reclassification entries, inventory account reconciliations, operating expense analysis and internal reporting. The position requires strong interpersonal and communication skills and ability to interact with all levels of management.  The Cost Accountant II must display the ability to work within a team environment, make logical decisions, and show flexibility in a fast-paced process manufacturing 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.

• Prepare journals entries and balance sheet account reconciliations.

• Perform budget vs actual analysis for OPEX departments and review with managers.

• Review and close work orders weekly, monitor aged orders.

• Analyze scrap, PPV, and work order variances.

• Periodic standard costing updates. Prepare and submit costing proposals with proper supporting documentation, roll standards accurately and timely.

• Cycle Count implementation and continued monitoring of program(s) for effectiveness and perform periodic audits.

• Execute internal controls for inventory and COGS processes.

• Assist with preparation of annual budgets and quarterly forecasts.

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

• Interface successfully with site Operations teams to achieve common goals and objectives.

• Assist with execution of physical inventories, as required.

• Work on special projects as needed.

• Prepare monthly journal entries, balance sheet and P&L account reconciliations, as assigned.

• General ledger and cost accounting duties

• Financial analysis and management reporting

• Budgeting and forecasting support

• Compliance, SOX, and audit support

• Other tasks and projects, as assigned

Ortho Manufacturing Role Specific:

• Prepare quarterly analysis for inventory excess & obsolescence, and expiration risk.

• Work with Engineering and Operations to ensure Bill of Materials and Routers are accurate.

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

• Maintain monthly tracking of actual capital expenditure spending vs budget

Spinal Implant Role Specific:

• Capitalization of inventory and instrument variances, identifying costing and sku set up irregularities and production on leased machines.

• Monthly instrument rollforward for purchased instruments.  Properly categorize purchase activity, identify costing and sku set up errors and instrument purchases with associated approved CAPEX

• Capital expenditure requests, approvals, tracking and reporting of actual vs. budget monthly

• Third party vendor accounting, processes maintenance, issue resolution

• Maintain accurate standard costs across all organizations.

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 required

Experience, Skills, Knowledge and/or Abilities:

• 3-5 years of relevant inventory/cost accounting experience

• Ability to promote cooperation among co-workers

• Ability to