Global Process Lead – Product Costing and Inventory Valuation (PCIV)

Solventum Corporation; Eden Prairie (MN); Remote; USD 160,000 - 196,000; Full time

Job summary

An innovative firm is seeking a Global Process Lead for Product Costing and Inventory Valuation. This pivotal role involves overseeing cost accounting functions, optimizing costs, and ensuring accurate financial reporting. The ideal candidate will collaborate with cross-functional teams, lead month-end close processes, and utilize advanced tools like SAP S/4HANA. With a commitment to healthcare innovation, this position offers a unique opportunity to make a significant impact in a dynamic environment. If you are a results-driven professional with extensive experience in finance and accounting, this role could be your next career milestone.

Qualifications

• 7+ years of experience in cost accounting and inventory management.
• Strong understanding of US GAAP and financial reporting standards.

Responsibilities

• Oversee product cost accounting functions and manage inventory valuation.
• Establish procedures for cost calculations and monitor trends.

Skills

Cost Accounting

Inventory Management

Financial Reporting

SAP S/4HANA

US GAAP

Project Management

Communication Skills

Education

Bachelor's degree in Finance or Accounting

Master’s degree

CPA

Tools

SAP S/4HANA

Job description

Global Process Lead – Product Costing and Inventory Valuation (PCIV)

Join us as the Global Process Lead – Product Costing and Inventory Valuation (PCIV) at Solventum.

About the Role

This position oversees Solventum’s product cost accounting functions, including developing standard costs, analyzing manufacturing variances, and managing inventory valuation to ensure accurate financial reporting. The role emphasizes collaboration with cross-functional teams to optimize costs and improve accounting practices.

Key Responsibilities

• Establish and enforce procedures for cost and inventory calculations, including annual re-costing.
• Maintain cost accounting and inventory management systems.
• Monitor cost trends for optimization opportunities.
• Support month-end close activities and serve as a process expert for shared service migrations.
• Lead the month-end close process and analyze variances for accurate reporting.

Qualifications

• Bachelor's degree in Finance or Accounting with 7+ years of experience, or high school diploma with 11+ years of experience in relevant environments.
• Experience with SAP S/4HANA and US GAAP.
• Preferred: Master’s degree, CPA, audit experience, systems implementation, project management skills, and strong communication abilities.

Additional Details

Location: Remote, United States. Travel may be up to 15%. No relocation assistance. Must be authorized to work in the U.S. without sponsorship.

Compensation

Range: $160,284 - $195,903 annually, including base salary and potential incentives.

Company Overview

Solventum, formerly part of 3M Healthcare, is committed to advancing healthcare through innovation, combining technology with compassion to improve lives.