Cost Analyst

General Description:

This position reports to the Plant Controller. The Cost Analyst will be responsible for the accuracy of product cost analysis within a standard cost, ERP-driven environment (Microsoft Great Plains), monitoring, reporting, and analyzing operational cost and efficiency variances within the cost of good manufactured. The Cost Analyst is responsible for analyzing and developing cost estimates and models for new products as well as providing support to the annual standard cost roll in parallel with annual budgeting. The Cost Analyst assists with the preparation of monthly financial statements focusing on cost of goods sold, manufacturing spending (labor and overhead) and variances, supplies, inventory, and any other production and operations spending. The successful candidate will also produce high quality reports related to all inputs affecting product costs including materials, labor, and overhead costs. They will work proactively, collaboratively, and assertively with other departments to resolve issues, address deficiencies in internal controls, and improve processes. The Cost Analyst will also collect pertinent information for third party audits and will be a key resource for accounting issues. The successful candidate will also be able review output data to determine the performance of a certain process or project and then use their conclusion to help establish a solution to issues discovered.

Essential Functions:

• Analyzes product costs and trends to help determine profitability, production efficiency, manufacturing performance, and accuracy of standard cost calculations.
• Monitor and analyze operational metrics and provide accurate, timely, and meaningful management reporting to include: purchase price variances, material usage variances, labor and overhead, scrap, expired inventory, production, and overall spending trends/variances within operational cost centers
• Review Inventory and COGS transactions for costing errors and other anomalies, work with production, inventory control, supply chain, quality, and/or IT departments to resolve root cause errors
• Build the overall operational budget for manufacturing/production with the Plant Controller and Operations Site Leader and work closely with operations departments managers, finance leadership, purchasing, and HR to coordinate and align the cost center budgets. Calculate labor and overhead rates to set/update active or budgeted product standard costs ensuring solid integration with the overall budget and financial plan.
• Perform and document monthly inventory account reconciliation. Work with Supply Chain and other operations departments to identify needed metrics/reports to improve inventory turns/quality and controls.
• Investigate cycle count variances and resolve issues; participate in and record results of the annual physical inventory
• Conduct Inventory Reserve analysis on a quarterly basis and generate reports for senior management
• Supports the overall IT/reporting environment by performing reconciliations between Great Plains Inventory/Manufacturing, Financials and Power BI.
• Establish a functional “standard cost library” on SharePoint, maintaining tight security, for key users to easily access and view standard costs and all applicable drivers (BOM and routing, labor and time)
• Keeps workpapers well organized, documents work routines/processes for traceability and repeatability
• Will cross-train with Cost Accountant and Plant Controller

Experience & Necessary Skills:

• 4-year degree in Finance or related field
• 2+ years’ experience in financial planning and analysis or cost accounting
• Strong intellectual curiosity, seeks to understand the how and why
• Superb learning agility and analytical thinking skills
• Experience in a manufacturing environment or pharmaceutical business desired
• Excellent attention to detail with the ability to step back and “see the forest and the trees”
• Ability to manage multiple projects simultaneously and prioritize critical path responsibilities
• Good written and oral communication skills
• Accountable and reliable, follows through on issues until resolved, provides two-way feedback
• Drive for results; improves processes and deliverables, reduces errors, streamlines and simplifies
• Good interpersonal skills; maintains effective working relationships
• Experience with Microsoft Dynamics Great Plains desired
• Proficient with Microsoft Office products (Excel, Sharepoint, Teams)

Benefits:

• Medical, Dental & Vision insurance options including FSA & HAS
• Employer Paid Life Insurance & Employee Assistance Program
• Short Term & Long-Term Disability Insurance
• Up to 4% 401K Matching (100% vested on day one!)
• Generous Paid Time Off Options – vacation, sick, paid leave and holidays!
• $5,250 Annual Tuition Reimbursement after 6 months
• $1,000 Referral Bonus Program with no limit
• Eligible for annual bonus program

Pay: $73,548 - $91,908 salary depending on experience

About Leiters Health:

Leiters is a trusted FDA-registered 503B outsourcing provider of high-quality hospital and ophthalmology compounded sterile preparations. We are committed to providing healthcare professionals and their patients with critically needed outsourced medications. Our team of experts in sterile pharmaceutical manufacturing, repackaging, and compounding provide a sophisticated understanding of what it takes to elevate quality and consistency of supply in pharmaceutical outsourcing. Leiters combines a highly experienced team, with robust automated processes, in a state-of-the-art outsourcing facility, to ensure delivery of the highest quality medicines. All sterile preparations are produced under the Human Drug Outsourcing Facilities under 503B of the FD&C Act (503B Guidance) and follow Current Good Manufacturing Practices (cGMP). Leiters. Where Quality Means Something.

Our vision is to make the world a healthier place to live, and that starts with you! We believe everyone can be an impact player. Join Leiters and discover a career, not just a job. Our culture is centered around talent development where employees are given opportunities of growth to make a difference in our company as well as the world. Join Leiters and grow with us as we enter this stage of expansion.

Our foundation at Leiters is built on 5 core values:

Integrity. - Hold yourself and others to the highest standard. Always do the right thing, even when no one is looking. Admit mistakes and take responsibility.

Results Oriented. - Be an impact player. Focus on great results rather than progress. Have a bias for action and consistently demand strong performance.

Passionate. - Care intensely for our mission, vision, and patient care. Inspire others in a quest for excellence.

Innovative. - Be creative and innovative in solving problems and delivering the highest quality products with exceptional customer service. Do not tolerate the status quo.

Collaborative. - Helping and supporting one another. Holding yourself and others accountable to the Company’s mission, vision, values, and goals. Working together with our customers to meet mutual goals.

Celebrate, Foster, and Empower- Diversity, Equity, and Inclusion

Leiters mission to provide better medicine to more people fosters the opportunity to celebrate diversity and empower all members of the organization to be inclusive. Diversity, equity, and inclusion (DE&I) is an integral to our culture and fuels our growth. At Leiters, we are committed to building a team with diversity of thought, experience, background, skills, and culture. We value the unique qualities and skillsets each of our team members bring to our company. The more inclusive we are, the better we perform. Creating and sustaining diversity, equity and inclusion is imperative as we build for success.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.

*Please note that we do not work with third-party recruiters or agencies for this position. If you are a qualified candidate and wish to apply for this job, please do so directly through our official application process. We appreciate your understanding and cooperation in this matter.

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