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Senior Manager, Cost Accounting

Moderna
United Statesfull_timeVerifiedPosted 11 Jun 2024

About the role

The Role:

This role is an exciting opportunity to be a critical part of the Finance team supporting a high-growth organization that is radically changing the biotech industry. The Sr. Manager, Cost Accounting will join a collaborative Finance team supporting our global CMC organization, which includes manufacturing operations, supply chain management, and facilities for this site. Responsibilities will focus on areas of inventory, standard costing, and cost of goods.

We work collaboratively as a team, strive boldly for excellence, remain constantly curious and committed to ongoing learning and improvement, and are relentless in our pursuit of the best talent in the industry. This role reports to our Director of Cost Accounting and is based on-site at our Norwood Moderna Technology Campus, with a work arrangement that includes 70% on-site presence and up to 30% flexibility to work from home.

Here's What You’ll Do:

  • Maintain standard costs for all raw materials, WIP, semi-finished, and finished goods processes, demonstrating a digitize everywhere possible approach to ensure accuracy and efficiency in our cost accounting systems.

  • Review current product costing methodology and process and identify improvement opportunities, applying a question convention mindset to enhance our cost management practices.

  • Maintain a standard cost system to ensure the accuracy of inventory valuation and support annual manufacturing cost standard updates, reflecting our obsess over learning commitment to precision and accountability.

  • Monitor transactions and processes including inventory movement, scrap, cycle counts, and cost of goods to ensure accuracy and compliance with corporate policies, showcasing our behave like owners ethos.

  • Assist in month-end closing, prepare journal entries as necessary for inventory and cost of goods, and prepare general ledger reconciliations for all inventory and cost of goods accounts, embodying a push past possible attitude towards financial management.

  • Coordinate with Supply Chain Management and Manufacturing departments to discuss and resolve issues in areas such as production, purchasing, accounts payable, receiving, shipping, and other, fostering a remove viscosity environment for smoother operational flow.

  • Prepare and verify product costs in support of all cost-based pricing contracts, intercompany transfer pricing, and shipping valuations, using act with dynamic range to balance strategic analysis and day-to-day operations effectively.

  • Analyze and report purchasing and manufacturing variances, employing a pivot fearlessly approach to quickly adapt strategies based on financial insights.

  • Calculate Excess & Obsolescence reserves and develop and maintain SOX controls related to costing and inventory, ensuring robust financial controls and compliance.

  • Oversee annual physical inventory and prepare for and participate in internal and external reviews and audits, upholding a high standard of accuracy and transparency.

  • Support in the preparation of annual budgets and short-term forecasts, contributing strategically to financial planning and forecasting.

  • Assist with day-to-day accounting activities where needed and work on special projects as required, demonstrating flexibility and a relentless pursuit of excellence.

This role is designed for an ambitious finance professional who helps promote an inclusive environment, thrives in a dynamic, fast-paced environment and is eager to drive significant impact within a transformative company. The Senior Manager, Cost Accounting, will not only ensure rigorous financial oversight and strategic investment but also contribute to Moderna’s broader mission of delivering transformative medicines.

Here’s What You’ll Bring to the Table:

Basic Qualifications:

  • 7+ year’s of progressive experience in cost accounting

  • BS/BA in Accounting/Finance and seven+ years of relevant cost accounting experience

  • SAP experience

  • Experience in a process manufacturing environment and a general understanding of discrete manufacturing

Preferred Qualifications:

  • Public company experience a plus, with a working knowledge of cGMP

  • Knowledge of U.S. Generally Accepted Accounting Principles (GAAP)

  • Strong communication skills, ability to present financial information in a meaningful understandable way

  • Self-motivated and ability to work independently and collaboratively and strong organizational skills are essential

  • Ability to work in a time-sensitive and high-volume environment

  • Excellent computer skills, including Microsoft Office suite and related tools

  • A desir

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Company

Moderna

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