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Senior Cost Accountant

Req ID:  3739


Are you looking for a company that cares about people’s lives and health, including yours? At Olympus, we help make people’s lives healthier, safer and more fulfilling, every day. 
Let’s inspire healthier lives, together.

Job Description

The Sr. Cost Accountant performs all cost accounting and closing activities related to our manufacturing operations primarily for the Redmond and BNP manufacturing locations and other locations as necessary as well as co-ordinate / participate in the month-end close process, ensure product cost integrity, support project accounting, Inventory Cycle counts / controls and perform cost variance analysis.

Job Duties

* Develop an understanding of the manufacturing operations and alerts respective Plant management teams to potential issues when appropriate.


* Works in collaboration with the finance team members on the month end financial closing activities for multiple Plants. For both Plant Locations, Coordinate and prepare the annual budgets and quarterly forecasts both at Cost Center and total Plant. Review and measurement of cost reduction initiatives proposed by the manufacturing departments.


* Maintains Standard Costs for both Plants, Work with IT in designing and implementing changes to existing systems and/or new systems.


* Proactively develops reporting tools reports and analyses information enabling operational counterparts and management to respond to potential exposures. Provide weekly/monthly KPI's on Productivity, Scrap, Work Order Variances, PPV, Cycle count etc.


* Analyse cost accounting data and assists with cycle count/physical inventories. Maintains internal control documentation and tests internal controls (JSOX). Support requirements from internal or external audit group.


* Prepares detailed account analysis and reconcile sales cost and inventory liability accounts by customer type by division. Reviews and analysis inventory and margin reports conducts research and performs analytical studies in regards to cost analyses and profitability. Ensures timely submission accuracy and validity of inventory gross margin schedules to management.


* Review and evaluate capital expenditure requests for proper preparation and financial documentation. Track and communicate timely approval of CER and closure to fixed asset system.


* Project Cost Accounting - Manage all project cost centres within facilities to include: Time/wage/benefit calculation and manual allocation by department and project; validate Accounts Payable and Purchasing expenses; Reconcile monthly Oracle project accounting expenses by account to Oracle General Ledger account balances and making necessary manual entries as needed to balance


* Works on special projects as required. Assists other Finance team members as needed and as necessary. Other projects and duties as necessary and assigned

Job Requirements



* Bachelor's degree in Accounting required. CPA or CMA designation a plus.

* Minimum 5 years of experience in accounting with at least 3 of those years working in cost accounting required. Experience in the life sciences / medical Device sectors or other regulated industry preferred Project Accounting desired.


* High level of proficiency in Microsoft Excel Outlook Word and PowerPoint required.


* Will be required to travel to Other Manufacturing at least once a month.


* Ability to work overtime including evenings and weekends on occasion.



* Must have Strong knowledge of Cost Accounting Standards & Principles and the ability to analyze and reconcile complex accounts and reserves.


* Strong knowledge and proficiency in the application of Generally Accepted Accounting Principles & SOX.

* Must have prior working experience / Knowledge of Oracle and Hyperion.

We realize work isn’t just a job to you.

It’s a big part of your life, but not the only part. That’s why we offer competitive salaries, a robust 401(k) program, annual bonus program and comprehensive medical benefits, as well as tuition reimbursement, flexible schedules, parental and adoption leave, on-site services and Colleague Affinity Networks — so you can be ready for where life can take you.

Olympus is passionate about the solutions it creates for the medical, life sciences, and industrial equipment industries, as well as cameras and audio products. For more than 100 years, Olympus has focused on making people’s lives healthier, safer and more fulfilling by helping detect, prevent, and treat disease, furthering scientific research, ensuring public safety, and capturing images of the world.

Olympus’ Medical business uses innovative capabilities in medical technology, therapeutic intervention, and precision manufacturing to help healthcare professionals deliver diagnostic, therapeutic, and minimally invasive procedures to improve clinical outcomes, reduce overall costs, and enhance the quality of life for patients. Olympus’ Medical portfolio includes endoscopes, laparoscopes, and video imaging systems, as well as surgical energy devices, system integration solutions, medical services, and a wide range of endotherapy instruments for endoscopic and therapeutic applications. For more information, visit

Olympus…True To You. True To Society. True To LIFE.


It is the policy of Olympus to extend equal employment and advancement opportunity to all applicants and employees without regard to race, color, national origin (including language use restrictions), citizenship status, religious creed (including dress and grooming practices), age, sex (including pregnancy, childbirth, breastfeeding, medical conditions related to pregnancy, childbirth and/or breastfeeding), gender, gender identity and expression, sexual orientation, marital status, disability (physical or mental) and/or a medical condition, genetic information, ancestry, veteran status or service in the uniformed services, and any other characteristic protected by applicable federal, state or local law.

Posting Notes: || United States (US) || Minnesota (US-MN) || Brooklyn Park || 

Nearest Major Market: Minneapolis

Job Segment: Database, Oracle, ERP, Plant Manager, Technology, Manufacturing

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