Cost Accountant II

Why Orthofix?
    

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 employee who is located in California is $73,883 to $88,803 per year, plus bonus based on performance, and benefits. The final pay offered 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 this pay scale may not reflect the pay scale 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.