Sr. Cost Accountant

Cytek Biosciences, Inc.; San Jose (IL); On-site; USD 60,000 - 90,000; Full time

Job summary

Join a forward-thinking company as a Senior Cost Accountant, where you'll play a pivotal role in the finance team. This exciting position involves managing cost accounting processes, conducting in-depth inventory analysis, and driving improvements in profitability. You will collaborate with various departments and lead initiatives that enhance financial reporting and operational efficiency. If you have a passion for finance and a desire to make a significant impact, this role offers a dynamic and rewarding environment for your career growth.

Qualifications

• 5+ years of relevant work experience in cost accounting or finance.
• Strong analytical skills with experience in reporting and budgeting.
• Advanced knowledge of US GAAP and IFRS.

Responsibilities

• Manage the bill of material and related costing process.
• Conduct inventory analysis and prepare financial reports.
• Identify areas for cost improvements and profitability enhancements.

Skills

Cost Accounting

Inventory Management

Financial Analysis

Reporting

Budgeting

US GAAP

IFRS

Education

BA/BS Degree in Accounting

BA/BS Degree in Finance

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Microsoft Access

NetSuite

Job description

SUMMARY:

The Senior Cost Accountant will be a key member of the Cytek Global Finance team and the principal finance individual supporting the Cytek Manufacturing Leadership team. This role will support all aspects of costing and will need to fully understand inventory activities, bill of materials, manufacturing yield analysis, direct and indirect labor cost, and overhead assessment.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

To perform this job successfully, an individual must be able to perform essential duties and responsibilities satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Manage the Cytek bill of material and related costing process


• Conduct the inventory Excess & Obsolescence analysis


• Perform Purchase Price Variance analysis


• Drive costing and inventory process improvements

• Oversee cost accounting program, including product cost models to ensure the cost is accurately captured.


• Weekly review of inventory transactions to identify potential errors, i.e. negative inventory quantities, significant PPV, and Vendor returns.


• Prepare and review inventory analysis, valuation, and impairment on a quarterly basis.


• Prepare and review schedules used in monthly, quarterly and annual reporting for both internal and 10-K and 10-Q reporting purposes.


• Assist the manager in the preparation and review of the market-specific financial statements for cost and inventory areas and GM.


• Provide periodic (monthly/quarterly) operational cost analysis.


• Assist with operational cost model and SKU-level analysis initiatives to provide improved profitability reporting.


• Proactively identify areas to improve profitability and business results by leveraging cost models, analysis, and business partnerships with operations.


• Work directly with operational and site teams on special projects and initiatives related to cost and inventory.


• Maintain document business processes and accounting policies to maintain and strengthen internal controls.


• Support the year-end financial audit and tax preparation process.


• Work closely with external auditors to ensure regulatory compliance of our inventory costing positions.


• Work cross functionally with company departments and external partners on key operational projects and cost accounting and reporting requirements.


• Support manager for the implementation of accounting policies and procedures related to inventory and cost accounting.

• Communicate risks and opportunities on timely basis to leadership team while proposing solutions to any costing or production challenge

REQUIREMENTS & QUALIFICATIONS:

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

• BA/BS Degree in Accounting, Finance or related field


• Analysis, reporting and budgeting experience preferred.


• Strong software skills to include Microsoft Office (Excel, PowerPoint, Word, Access) as


• well as ERP & Reporting systems such as NetSuite Advanced knowledge of US GAAP and IFRS


• At least 5 years of relevant work experience


• Industry Experience

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

The physical demands described here are representative of those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Prolonged periods sitting at a desk and working on a computer.


• Must be able to lift up to 25 pounds at times.