Financial Analyst

Cirtec Medical; Lowell (MA); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

401(k) match

Healthcare benefits

Training & career development

Paid Time Off

Job summary

Cirtec Medical, a leading medical device outsourcing partner, seeks a Financial Analyst - Cost Accounting & Inventory to support inventory valuation, cost accounting close, and forecasting. You'll collaborate with Operations, Supply Chain, Engineering, and Accounting to drive profitability and improve operational decisions.

The role requires a Bachelor's degree and 2–5 years in manufacturing finance, with advanced Excel and knowledge of ERP systems like Oracle or SAP.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 2–5 years of experience in financial analysis, cost accounting, or manufacturing finance.
• Experience in a manufacturing environment.
• Strong understanding of cost accounting principles and manufacturing finance.
• Knowledge of inventory accounting, standard costing, and variance analysis.
• Advanced Excel skills, including PivotTables, Power Query, and financial modeling.
• Experience with ERP systems such as Oracle, SAP, Microsoft Dynamics, or similar.
• Strong analytical and problem-solving skills with exceptional attention to detail.
• Excellent communication skills with the ability to present financial information to both finance and operational leaders.
• Ability to manage multiple priorities in a fast-paced manufacturing environment.

Responsibilities

• Monitor inventory balances and ensure accurate valuation of Inventory.
• Perform detailed reconciliations of Inventory purchases, consumption, transfers, recoveries, and scrap.
• Analyze Inventory usage and yield, identifying opportunities to improve recovery rates and reduce losses.
• Support physical inventory counts and cycle count programs, including reconciliation of inventory discrepancies.
• Track Inventory market pricing and evaluate financial impacts on inventory valuation, manufacturing costs, and customer pricing.
• Collaborate with Supply Chain and Operations to improve inventory controls and optimize inventory levels.
• Support monthly cost accounting close activities, including inventory valuation, manufacturing variances, and journal entries.
• Analyze purchase price, labor, overhead, scrap, and production variances and communicate key drivers to management.
• Assist with standard cost development, annual cost roll updates, and ongoing standard cost maintenance.
• Partner with Operations to improve manufacturing cost visibility and identify cost reduction opportunities.
• Perform inventory reserve analysis and assist with excess and obsolete inventory reviews.
• Support internal and external audits related to inventory and manufacturing accounting.
• Help prepare monthly forecasts and assist with the annual budgeting process for manufacturing operations.
• Help develop variance analyses comparing actual results to forecast, budget, and prior year performance.
• Analyze manufacturing performance, inventory trends, and key operational metrics to identify risks and opportunities.
• Create and maintain financial models to support business decisions and operational improvements.
• Prepare management reporting packages and present financial insights to business partners.

Skills

Analytical thinking

Attention to detail

Excellent communication

Multitasking

Problem solving

Education

Bachelor's degree in Accounting or Finance

Tools

Oracle ERP

SAP ERP

Microsoft Dynamics

Excel PivotTables

Job description

Description

About us:

For over three decades, Cirtec Medical has been a leading outsourcing partner for complex medical devices. We specialize in providing comprehensive solutions for Class II and III devices, from design and development to precision components and finished device assembly. Our expertise spans neuromodulation, implantable drug delivery, cardiac rhythm management, structural heart, mechanical circulatory support, and minimally invasive surgical systems.

Our dedicated teams prioritize growth, innovation, and collaboration. We actively seek opportunities for improvement to enhance our support for clients. If you embrace a growth mindset and thrive on challenges, you may be a perfect fit for our team!

Position Summary:

The Financial Analyst - Cost Accounting & Inventory is responsible for supporting the company's cost accounting processes, inventory valuation, forecasting, and financial analysis with a particular focus on inventory management. This role partners closely with Operations, Supply Chain, Engineering, and Accounting to ensure inventory accuracy, support month-end close activities, analyze manufacturing performance, and provide actionable insights that improve profitability and operational decision-making.

Key Responsibilities:

Inventory Management

• Monitor inventory balances and ensure accurate valuation of Inventory.
• Perform detailed reconciliations of Inventory purchases, consumption, transfers, recoveries, and scrap.
• Analyze Inventory usage and yield, identifying opportunities to improve recovery rates and reduce losses.
• Support physical inventory counts and cycle count programs, including reconciliation of inventory discrepancies.
• Track Inventory market pricing and evaluate financial impacts on inventory valuation, manufacturing costs, and customer pricing.
• Collaborate with Supply Chain and Operations to improve inventory controls and optimize inventory levels.

Cost Accounting

• Support monthly cost accounting close activities, including inventory valuation, manufacturing variances, and journal entries.
• Analyze purchase price, labor, overhead, scrap, and production variances and communicate key drivers to management.
• Assist with standard cost development, annual cost roll updates, and ongoing standard cost maintenance.
• Partner with Operations to improve manufacturing cost visibility and identify cost reduction opportunities.
• Perform inventory reserve analysis and assist with excess and obsolete inventory reviews.
• Support internal and external audits related to inventory and manufacturing accounting.

Forecasting & Financial Analysis

• Help prepare monthly forecasts and assist with the annual budgeting process for manufacturing operations.
• Help develop variance analyses comparing actual results to forecast, budget, and prior year performance.
• Analyze manufacturing performance, inventory trends, and key operational metrics to identify risks and opportunities.
• Create and maintain financial models to support business decisions and operational improvements.
• Prepare management reporting packages and present financial insights to business partners.

Must Have:

• Bachelor's degree in Accounting, Finance, or related field.
• 2-5 years of experience in financial analysis, cost accounting, or manufacturing finance.
• Experience in a manufacturing environment.
• Strong understanding of cost accounting principles and manufacturing finance.
• Knowledge of inventory accounting, standard costing, and variance analysis.
• Advanced Microsoft Excel skills, including PivotTables, Power Query, and financial modeling.
• Experience with ERP systems such as Oracle, SAP, Microsoft Dynamics, or similar.
• Strong analytical and problem-solving skills with exceptional attention to detail.
• Excellent communication skills with the ability to present financial information to both finance and operational leaders.
• Ability to manage multiple priorities in a fast-paced manufacturing environment.

Good to have:

• Medical device or highly regulated industries preferred.
• Experience with standard costing and inventory accounting.
• Experience working with Inventory accounting or high-value inventory.

Salary Range: $85,000 to $110,000 based on skills and experience

Cirtec Medical Corporation considers for employment and hires qualified candidates without regard to age, race, religion, color, sex, sexual orientation, gender identity, national origin, ancestry, protected veteran or disability status or any factor prohibited by law. Cirtec Medical Corporation and all of its related companies fully endorse equal opportunity for all. Cirtec Medical provides reasonable accommodation for qualified individuals with disabilities and disabled veterans in the job application process.

We work to create a culture that is built on innovation, respect, transparency and communication, and hope you take pride in being a member of our team. It is Cirtec's goal to create a great work environment and to keep the company a great place to work. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage. Our benefits include Training and career development, Healthcare and well-being programs including medical, dental, vision, wellness and occupational health programs, Paid Time Off and 401(k) retirement savings with a company match.