Sr. Financial Analyst, Supply Chain

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About MetagenicsMetagenics believes in helping people live happier, healthier lives by realizing their genetic potential. It’s why, when we defined Metagenics’ Mission, Values, and Vision, we started with our company’s own DNA. United by purpose and core values (Integrity, Authenticity, Respect, Diversity & Inclusion and Healthy & Happiness) the Metagenics’ team is dedicated to providing effective nutritional products and solutions, for healthcare professionals.People Culture FirstWe believe the way we do business is as important as the business we do; that a company in the nourishment business should nourish its people, too. So, we incorporated healthy, sustainable care into every dimension of our culture. Our diverse and expansive team are a prime example of the power of a people-first approach. We know first-hand, when an organization prioritizes internal growth and fosters empathy, its people come together to set an example of what the world can become.

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The Role

The Sr. Financial Analyst will play a key role in identifying and reviewing cost savings proposals. This includes developing, benchmarking and implementing best-in-class processes to support product introduction and change. Additionally, the role will be responsible for all aspects of standard cost accounting. This includes providing support in all related transaction accounting for inventory, monthly measurement and explanation of all inventory variances, including COGS, PPV, waste, yield loss and all other related variances; participate in the monthly financial close; understand and improve the efficiency of the Company’s standard costing system; develop appropriate internal controls to assure a high degree of inventory accuracy and transactional integrity; and work with external auditors.

Key Responsibilities

• The Sr. Financial Analyst will work with Commercial, Marketing and Supply Chain in validating the business worthiness of margin-improvement proposals. They will create models where necessary to help validate and expedite results.
• The Sr. Financial Analyst will review existing processes related to product costing and recommend best-in-class global processes.
• Working with Global Finance teams to implement/harmonize/improve practices for LE, costing, forecasting and overall business processes.
• Implement a robust process to improve the product introduction process (NAM) as it relates to proper costings by partnering with PD.
• As part of the month end close process, the Financial Analyst is expected to conduct a monthly inventory reconciliation to ensure that the Company’s inventory balances are properly stated in accordance with GAAP.  The monthly inventory reconciliation is to be completed within 2 business days of month end.  Specifically, the Cost Accountant will be responsible for ensuring that all inventory accounts (including standard to actual, in-transit inventory, inventory allowance), A/P pending (inventory received not yet invoiced) accounts are properly stated. In conjunction with the monthly inventory reconciliation the Cost Accountant will be responsible for the preparation of journal entries and the review of these journal entries to ensure that they have been properly recorded. In conjunction with the monthly inventory reconciliation, the Financial Analyst should be prepared to explain all significant inventory variances and have supporting schedules available to support those variances.
• The Sr. Financial Analyst is expected to develop a complete understanding of the Company’s standard costing system.  The Sr. Financial Analyst will be expected to participate in updating inventory standards and conducting periodic standard cost updates (rolls).  Specifically, the Sr. Financial Analyst will be expected to identify significant variances that appear on the monthly purchase price variance reconciliations and document the inventory parts and related costs causing these variances.  This information will then be distributed to the purchasing team for review and used as part of the periodic standard cost update.
• The Sr. Financial Analyst is expected to understand, assist and facilitate the explanation of COGs, Inventory and Opex variances at month end, working with the Value Chain and Finance teams.
• The Sr. Financial Analyst will define reporting requirements, working with IT to configure and implement for the Value Chain teams.
• The Sr. Financial Analyst is expected to identify weaknesses in existing internal controls and costing system process that have a direct or indirect effect on the Company’s inventory and costs.  The Sr. Financial Analyst is expected to propose changes in these processes that will result in improved efficiency and financial reporting, transactional and data accuracy. Additionally,