Senior Cost Accountant

Req ID: 10112

Working Location: MINNESOTA, BROOKLYN PARK

Workplace Flexibility: Onsite

For more than 100 years, Olympus has focused on making people’s lives healthier, safer and more fulfilling. 

Every day, we live by our philosophy, True to Life, by advancing medical technologies and elevating the standard of patient care so people everywhere can fulfill their desires, dreams, and lives.

Our five Core Values empower us to achieve Our Purpose:

Patient Focus, Integrity, Innovation, Impact and Empathy.

Learn more about Life at Olympus: https://www.olympusamerica.com/careers.

Job Description

The Senior Cost Accountant is responsible for all cost accounting and closing activities associated with our manufacturing operations, mainly for the Redmond and Brooklyn Park manufacturing sites, as well as other locations as needed. This role includes coordinating and participating in the month-end close process, ensuring the integrity of product costs, supporting project accounting, managing inventory cycle counts and controls, and conducting cost variance analysis.

Job Duties

Cultivate an understanding of the manufacturing processes and inform the respective plant management teams of potential issues when necessary.
Collaborates with finance team members on the month-end financial closing activities for multiple plants.
Coordinate and prepare the annual budgets and quarterly forecasts for both plant locations, considering both the cost center and the total plant.
Evaluation and assessment of cost-saving measures suggested by the manufacturing departments.
Maintain standard costs across both plants and work with IT to design and implement modifications to current systems and develop new ones.
Proactively developing reporting tools, analyzing information, and generating reports enables operational counterparts and management to respond effectively to potential exposures.
Generate weekly/monthly KPI reports on Productivity, Scrap, Work Order Variances, PPV, and Cycle Counts, among others.
Analyze cost accounting data and assist with cycle count/physical inventories. Maintain internal control documentation and test internal controls (JSOX). Support requirements from internal and external audit groups.
Prepares a detailed account analysis and reconciles sales costs and inventory liability accounts by customer type and division.
Conducts reviews and analyses of inventory and margin reports, undertakes research, and performs analytical studies related to cost analysis and profitability. Ensure the accurate and timely submission of inventory gross margin schedules to management.
Review and evaluate capital expenditure requests for proper preparation and financial documentation. Ensure timely tracking and communication of CER approvals and the closure process within the fixed asset system.
Project Cost Accounting involves managing all project cost centers within facilities, which includes calculating time, wages, and benefits, and manually allocate them by department and project; verify Accounts Payable and Purchasing. expenses: reconcile monthly Oracle project accounting expenses by account with Oracle General Ledger account balances, making necessary manual entries to balance as needed.
Engages in special projects as required and provides assistance to other members of the Finance team as needed.
Other duties as assigned

Job Qualifications

Required:

Bachelor’s degree in accounting required
Minimum 5 years of experience in accounting. 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 possess prior working experience with an ERP or knowledge of Oracle and Hyperion.
High level of proficiency in Microsoft Excel and PowerPoint required.
Travel as required.

Preferred:

CPA or CMA designation a plus.
Experience in the life sciences or medical device sectors, or other regulated industries, with a desire for project cost accounting expertise.

Why join Olympus?

We offer a holistic employee experience supporting personal and professional well-being through meaningful work, equitable offerings, and a connected culture.

Equitable Offerings you can count on:

Competitive salaries, annual bonus and 401(k)* with company match
Comprehensive medical, dental, vision coverage effective on start date
24/7 Employee Assistance Program
Free live and on-demand Wellbeing Programs
Generous Paid Vacation and Sick Time
Paid Parental Leave and Adoption Assistance*
12 Paid Holidays
On-Site Child Daycare, Café, Fitness Center**

Connected Culture you can embrace:

Work-life integrated culture that supports an employee centric mindset
Offers onsite, hybrid and field work environments
Paid volunteering and charitable donation/match programs
Employee Resource Groups
Dedicated Training Resources and Learning & Development Programs
Paid Educational Assistance

*US Only

**Center Valley, PA and Westborough, MA

Are you ready to be a part of our team?

Learn more about our benefits and incentives: https://www.olympusamerica.com/careers/benefits-perks.

The anticipated base pay range for this full-time position working at this location is $77,515.00 - $104,645.00 / year, plus potential for annual bonus (subject to plan eligibility and other requirements). Olympus considers a variety of factors when determining actual compensation for this position including: level of experience, working location, and relevant education and certifications.

At Olympus, we are committed to Our Purpose of making people’s lives healthier, safer and more fulfilling. As a global medical technology company, we partner with healthcare professionals to provide best-in-class solutions and services for early detection, diagnosis and minimally invasive treatment, aiming to improve patient outcomes by elevating the standard of care in targeted disease states.

For more than 100 years, Olympus has pursued a goal of contributing to society by producing products designed with the purpose of delivering optimal outcomes for its customers around the world.

Headquartered in Tokyo, Japan, Olympus employs more than 31,000 employees worldwide in nearly 40 countries and regions. Olympus Corporation of the Americas, a wholly owned subsidiary of Olympus Corporation, is headquartered in Center Valley, Pennsylvania, USA, and employs more than 5,200 employees throughout locations in North and South America. For more information, visit www.olympusamerica.com.

You Belong at Olympus

We are deeply committed to fostering a respectful, fair, and welcoming workplace for all individuals, perspectives, and lifestyles. We believe in fostering a non-discriminatory, inclusive work environment where everyone feels a sense of belonging, in full compliance with legal standards. Empathy and unity are core to our company culture, empowering employees to contribute fully and flourish. We warmly encourage all who wish to bring their talents to Olympus to apply.

Applicants Requesting Accommodations: Olympus is committed to the full inclusion of all qualified individuals. As part of this commitment, Olympus will ensure that persons with disabilities are provided reasonable accommodations for the hiring process. If reasonable accommodation is needed, please contact OCAAccommodations@olympus.com. If your disability impairs your ability to email, you may call our HR Compliance Manager at 1-888-Olympus (1-888-659-6787).

Let’s realize your potential, together.

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 || Finance & Procurement

Nearest Major Market: Minneapolis
Job Segment: ERP, Oracle, Database, Plant Manager, Technology, Manufacturing

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