Cost Accountant II

Orthofix Holdings, Inc.; Irvine (CA); On-site; USD 73,000 - 89,000; Full time

Job summary

A leading medical device company is seeking a Cost Accountant II in Irvine, California. This role involves analyzing purchase and manufacturing variances, managing inventory accounting, and supporting internal audits. The ideal candidate will have a Bachelor's degree in Accounting and 3-5 years of experience in cost accounting.

Qualifications

• 3-5 years of relevant inventory/cost accounting experience required.
• Ability to analyze and reconcile financial data.
• Familiarity with personal computer databases.

Responsibilities

• Prepare journal entries and balance sheet account reconciliations.
• Perform budget vs actual analysis for OPEX departments.
• Assist with preparation of annual budgets and quarterly forecasts.

Skills

Analytical skills

Communication

Interpersonal skills

Organizational skills

Education

Bachelor’s Degree in Accounting

Tools

ORACLE ERP systems

Excel spreadsheets

Job description

Guided by our organizational values – Take Ownership | Innovate Boldly | Win Together – we collaborate closely with world-class surgeons and other partners to improve people’s quality of life. At Orthofix, we want team members who build relationships and share knowledge, challenge the status quo, and deliver results every day to help us achieve our vision to be the unrivaled partner in Med Tech.

Our global team of over 1,600 employees brings to market highly innovative, cost-effective, and user-friendly medical technologies that heal musculoskeletal pathologies for patients and the healthcare professionals who treat them. Looking to change people’s lives? Look no further.

JOB PURPOSE

The Cost Accountant II will assist with all aspects of cost accounting. This position will be accountable for ongoing analysis of purchase and manufacturing variances, scrap, inventory, cycle counting, and completing month end close deliverables within deadlines. Month end close activities include inventory and cost of sales journal entries, accruals, reclassification entries, inventory account reconciliations, operating expense analysis and internal reporting. The position requires strong interpersonal and communication skills and ability to interact with all levels of management. The Cost Accountant II must display the ability to work within a team environment, make logical decisions, and show flexibility in a fast-paced process manufacturing environment.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

The following are the essential functions of this position. This position may be responsible for performing additional duties as tasks as needed and assigned.

Prepare journals entries and balance sheet account reconciliations.

Perform budget vs actual analysis for OPEX departments and review with managers.

Review and close work orders weekly, monitor aged orders.

Analyze scrap, PPV, and work order variances.

Periodic standard costing updates. Prepare and submit costing proposals with proper supporting documentation, roll standards accurately and timely.

Cycle Count implementation and continued monitoring of program(s) for effectiveness and perform periodic audits.

Execute internal controls for inventory and COGS processes.

Assist with preparation of annual budgets and quarterly forecasts.

Support internal and external audits during quarterly reviews and annual audits.

Interface successfully with site Operations teams to achieve common goals and objectives.

Assist with execution of physical inventories, as required.

Work on special projects as needed.

Prepare monthly journal entries, balance sheet and P&L account reconciliations, as assigned.

General ledger and cost accounting duties

Financial analysis and management reporting

Budgeting and forecasting support

Compliance, SOX, and audit support

Other tasks and projects, as assigned

Ortho Manufacturing Role Specific:

Prepare quarterly analysis for inventory excess & obsolescence, and expiration risk.

Work with Engineering and Operations to ensure Bill of Materials and Routers are accurate.

Assist with calculation standard labor and overhead rates on an annual basis.

Maintain monthly tracking of actual capital expenditure spending vs budget

Spinal Implant Role Specific:

Capitalization of inventory and instrument variances, identifying costing and sku set up irregularities and production on leased machines.

Monthly instrument rollforward for purchased instruments. Properly categorize purchase activity, identify costing and sku set up errors and instrument purchases with associated approved CAPEX

Capital expenditure requests, approvals, tracking and reporting of actual vs. budget monthly

Third party vendor accounting, processes maintenance, issue resolution

Maintain accurate standard costs across all organizations.

MINIMUM QUALIFICATIONS

The requirements listed below are representative of the education, knowledge, skill and/or ability required for this position.

Education/Certifications :

Bachelor’s Degree in Accounting required

Experience, Skills, Knowledge and/or Abilities:

3-5 years of relevant inventory/cost accounting experience

Ability to promote cooperation among co-workers

Ability to work with minimal direction from management

Ability to analyze and reconcile financial data

Knowledge of personal computer databases and Excel spreadsheets

Ability to effectively communicate verbally and in writing

Effective organizational skills

PREFERRED QUALIFICATIONS

The education, knowledge, skills and/or abilities listed below are preferred qualifications in addition to the minimum qualifications stated above.

Education/Certifications :

No additional requirements

Additional Experience, Skills, Knowledge and/or Abilities:

Experience with ORACLE ERP systems a plus

Experience in manufacturing environment

PHYSICAL REQUIREMENTS / ADVERSE WORKING CONDITIONS

The physical requirements listed in this section include, but are not limited, to the motor/physical abilities, skills, and/or demands required of the position in order to successfully undertake the essential duties and responsibilities of this position. In accordance with the Americans with Disabilities Act (ADA), reasonable accommodations may be made to allow qualified individuals with a disability to perform the essential functions and responsibilities of the position.

No additional physical requirements or essential functions for this position.

The anticipated salary for this position for an employeewho is located in Californiais $73,883 to $88,803 per year , plus bonus based on performance, and benefits . The finalpayoffered to a successful candidate will be dependent on several factors that may include but are not limited to the type and years of experience within the job, the type and years of experience within the industry, education, etc. The Company is a multi-state employer and thispayscale may not reflect thepayscale for an employee who works in other states or locations.

DISCLAIMER

The duties listed above are intended only as representation of the essential functions of this position. The omission of specific statements of duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position. The job description does not constitute an employment agreement between the employer and employee and is subject to change at the sole discretion of the employer. Nothing in this document alters an employee’s at-will employment status.

We are committed to providing equal employment opportunities to all employees and applicants without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles, including braids, locks, and twists), ethnicity, religion, religious creed (including religious dress and grooming practices), color, caste, sex (including childbirth, breast feeding, and related medical conditions), gender, gender identity or expression, sexual orientation, national origin, ancestry, citizenship status, uniform service member and veteran status, marital status, pregnancy, age (40 and over), protected medical condition (including cancer and genetic conditions), genetic information, disability (mental and physical), reproductive health decision-making, medical leave or other types of protected leave (requesting or approved for leave under the Family and Medical Leave Act or the California Family Rights Act), domestic violence victim status, political affiliation, or any other protected status in accordance with all applicable federal, state, and local laws.

This policy extends to all aspects of our employment practices including, but not limited to, recruiting, hiring, discipline, termination, promotions, transfers, compensation, benefits, training, leaves of absence, and other terms and conditions of employment.

About Us

Since 1980, Orthofix has evolved and grown to become one of the leading medical device companies with a spine and orthopedics focus in the world. Our newly merged Orthofix-SeaSpine organization is a leading global spine and orthopedics company with a comprehensive portfolio of biologics, innovative spinal hardware, bone growth therapies, specialized orthopedic solutions, and a leading surgical navigation system. Our products are distributed in 68 countries worldwide.

Our medical device company is headquartered in Lewisville, Texas, and has primary offices in Carlsbad, CA, and Verona, Italy. Our combined company’s global R&D, commercial and manufacturing footprint also includes facilities and offices in Irvine, CA; Toronto, Canada; Sunnyvale, CA; Wayne, PA; Olive Branch, MS; Maidenhead, UK; Munich, Germany; Paris, France; and São Paulo, Brazil.

Founded in Verona, Italy, and now headquartered in Lewisville, Texas, Orthofix is proud to be recognized as the 8th Largest Orthopedic Medical Device Company in the World by Medical Design & Outsourcing magazine. Orthofix is committed to improving patients’ lives and delivering innovative, quality-driven solutions that empower physicians and healthcare organizations to meet the needs of their patients every day.