Associate Director, Supply Chain Accounting

Job Description:

The Associate Director, Supply Chain Accounting role is a hands-on, highly strategic role in support of both the Finance and Supply Chain and Operations teams.  This person will manage product costing, inventory reconciliation, analysis of material, labor and overhead variances and development of inventory controls. Other key responsibilities include continued development and enhancement of the cost accounting function at TransMedics and supporting Supply Chain and Operations team initiatives. 

ESSENTIAL JOB RESPONSIBILITIES AND DUTIES INCLUDE:

• Reviewing and analyzing monthly financial statements, particularly as it relates to financial margins, product margins, variances, inventory levels and other purchasing metrics

• Providing financial expertise and a single point of contact for Supply Chain and Operations leadership; quickly gain respect, trust and credibility by prompt delivery of actions and subject matter expertise

• Develop and implement cost standards for materials, labor and manufacturing overhead annually and keep updated in the ERP system

• Oversee the preparation and review of monthly inventory and cost accounting journal entries and account reconciliations, ensuring compliance with US GAAP 

• Identify and drive strategic initiatives around best costing, including identify opportunities for efficiencies, financial improvement road mapping, and related financial modeling

• Continuously reassess methodology to improve costing and product profitability, including  new costing methodologies, absorption impacts, variances, and efficiencies for standardization and consistency purposes

• Partner with the Supply Chain and Operations teams to understand inventory strategy, key supply and inventory risks, and analyze inventory for potential excess and obsolete reserves 

• Support annual physical inventory process in accordance with Company’s inventory policies and instructions, working cross functionally with Supply Chain and Operations teams; partner with leadership on implementation and refinement of cycle count program to ensure compliance with financial controls and inventory best practices

• Provide accurate and timely inventory, costing and other KPI reports to Supply Chain and Operations teams, as well as the Executive team as needed, to support the company’s continuous improvement approach

• Assisting with annual budgeting and subsequent forecasting; reviewing actuals against budget to provide the Supply Chain and Operations teams with expense visibility, headcount modeling, variance analysis and scenario planning assistance

• Interact with internal/external auditors and provide various analysis and audit schedules and work to ensure compliance with all internal control procedures

• Drive process improvements in cost accounting processes and data flows throughout the accounting department

• Other duties as assigned in support of TransMedics

 QUALIFICATIONS:

• Bachelor’s degree required

• 10+ years of experience in accounting and manufacturing accounting acquired through the performance of similar work in an established manufacturing organization. 

• Comprehensive understanding of manufacturing variances, overhead absorption, and standard costs

• Strong knowledge of Sarbanes-Oxley and financial controls with experience working in publicly traded company

• Advanced MS Excel skills required

• Solid knowledge of QAD ERP system is preferred

TransMedics is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, marital status, age, disability or protected veteran status, or any other characteristic protected by law. We are committed to creating an inclusive environment for all employees.