Cost Accounting Senior Manager

Posted 2 Days Ago
Be an Early Applicant
Boston, MA, USA
In-Office
124K-186K Annually
Senior level
Biotech • Pharmaceutical
The Role
Lead cost and inventory accounting functions including valuation, reserves, month-end close, reconciliations, SOX controls, and audit coordination. Provide technical guidance, KPI monitoring, cross-functional collaboration with supply chain and finance, and lead process/system improvements and ad-hoc analyses.
Summary Generated by Built In

Job Description

General Summary:

The Cost Accounting Senior Manager focuses on accounting, analysis and reporting for inventory movements, reserves, and cost of goods. This is a broad role with duties that relate to cost and inventory accounting valuation analysis and internal controls. The Senior Manager will work closely with various teams across the global organization, including Accounting, Finance, Supply Chain, Commercial, GIS, and R&D Project Teams.

Key Duties and Responsibilities:

  • Has process oversight of assessing inventory for excess and obsolescence reserves and other key judgements.
  • Works closely with the Supply Chain Team to understand production schedules, contracts, inventory movements and other supply chain matters in order to ensure inventory is fairly stated on the balance sheet.
  • Participates in the month-end close processes, including preparing/reviewing journal entries and balance sheet reconciliations.
  • Maintains and helps develop accounting policies and procedures with respect to inventory and inventory related accounting.
  • Provides technical guidance to ensure consistent application of cost accounting principles across the organization.
  • Monitors, measures and refines KPI's, metrics and operational performance measurements.
  • Assists with the coordination and deliverables for quarterly reviews and annual audits performed by internal and external auditors
  • Prepares ad-hoc reporting and analyses, and assists teams with research on cost accounting questions and with special projects as requested.
  • Helps identify and lead process and systems improvement initiatives.
  • Balances financial and business needs when making operational and transactional decisions.
  • Ensures SOX compliance for responsible area, including implementing improvements to improve the efficiency of current controls.
  • May lead cross-functional projects and process enhancements.
  • Conducts physical inventory counts as needed.
  • Communicates company’s policies/practices to other departments. Maintains documents and existing and new functional SOPs. Performs technical research, interprets technical literature, presents technical options.
  • Knowledge and Skills:

  • Strong understanding of accounting principles and how they apply to pharmaceutical manufacturing.
  • Advanced proficiency in the use and understanding of the systems and tools required.
  • Advanced Excel skills and use of Oracle EBS, or similar ERP systems.
  • Ability to identify process inefficiencies and build recommended solutions through automation and/or repeatable processes.
  • Strong communication and organizational skills. Understands the relationship of the data and analysis with the message to be delivered. Conducts meetings and/or responds to business partner inquiries in a professional and informative manner. Can facilitate discussion with customers to define requirements and needs, and can manage expectations on information available and timing.
  • Communicates effectively and seeks input from others when appropriate. Solves advanced problems elevated from less senior colleagues, elevating complex issues as appropriate.
  • Understands how the work of the team affects the achievement of area goals and objectives.
  • Proven ability to multi-task and work independently in a challenging fast paced environment. Holds self accountable for delivering on objectives and commitments.
  • CPA or related certification and/or advanced degree is a plus
  • Education and Experience:

  • Bachelor's degree in Accounting or Finance, or related discipline.
  • Typically requires 6 years of experience in a corporate finance/accounting department or public accounting firm or the equivalent combination of education and experience.
  • Pay Range:

    $124,000 - $186,000

    Disclosure Statement:

    The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is eligible for an annual bonus and annual equity awards. Some roles may also be eligible for overtime pay, in accordance with federal and state requirements. Actual base salary pay will be based on a number of factors, including skills, competencies, experience, and other job-related factors permitted by law.

    At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations.  From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.

    Flex Designation:

    Hybrid-Eligible Or On-Site Eligible

    Flex Eligibility Status:

    In this Hybrid-Eligible role, you can choose to be designated as: 
    1.    Hybrid: work remotely up to two days per week; or select
    2.    On-Site: work five days per week on-site with ad hoc flexibility.

    Note: The Flex status for this position is subject to Vertex’s Policy on Flex @ Vertex Program and may be changed at any time. 

    #LI-Hybrid
     

    Company Information

    Vertex is a global biotechnology company that invests in scientific innovation.

    Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

    Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at [email protected]

    Skills Required

    • Bachelor's degree in Accounting, Finance, or related discipline
    • Typically 6 years of experience in corporate finance/accounting or public accounting (or equivalent)
    • Strong understanding of accounting principles as applied to pharmaceutical manufacturing
    • Advanced Excel skills
    • Experience with Oracle EBS or similar ERP systems
    • Experience with inventory accounting, excess and obsolescence reserves, and cost of goods
    • Experience with month-end close, journal entries, and balance sheet reconciliations
    • Knowledge and experience ensuring SOX compliance and maintaining internal controls
    • Experience coordinating internal and external audits and quarterly/annual reviews
    • Ability to identify process inefficiencies and lead automation or repeatable process improvements
    • Strong communication and organizational skills; ability to engage cross-functional partners
    • Experience conducting physical inventory counts as needed
    • CPA or related certification and/or advanced degree

    Vertex Pharmaceuticals Compensation & Benefits Highlights

    The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Vertex Pharmaceuticals and has not been reviewed or approved by Vertex Pharmaceuticals.

    • Parental & Family Support Policies provide 12 weeks of 100% paid bonding leave for all U.S. parents with additional fully paid time for birth parents. Family-forming supports include adoption and surrogacy assistance, fertility options like IVF and egg cryopreservation, breast‑milk shipping, subsidized childcare, backup care, and a DCFSA match.
    • Leave & Time Off Breadth Time off includes roughly four weeks of vacation, 13 holidays, sick time, and two companywide shutdowns (summer and year‑end). Some roles also include flexible or unlimited time off and paid volunteer time.
    • Retirement Support Programs include a 401(k) plan with employer contributions and an employee stock purchase plan. Filings describe employer contributions occurring in company stock, supporting long‑term ownership.

    Vertex Pharmaceuticals Insights

    Am I A Good Fit?
    beta
    Get Personalized Job Insights.
    Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

    The Company
    HQ: Boston, MA
    5,000 Employees
    Year Founded: 1989

    What We Do

    Vertex is a global biotechnology company that invests in scientific innovation to create transformative medicines for people with serious and life-threatening diseases. We discovered and developed the first medicines to treat the underlying cause of cystic fibrosis (CF), a rare, life-threatening genetic disease. In addition to clinical development programs in CF, Vertex has more than a dozen ongoing research programs focused on the underlying mechanisms of other serious diseases. Founded in 1989 in Cambridge, Massachusetts, our corporate headquarters is now located in Boston’s Innovation District, and our international headquarters is in London, United Kingdom. We currently employ approximately 3,500 people in the United States, Europe, Canada, Australia and Latin America with nearly two-thirds of our staff dedicated to research and development. Vertex is consistently recognized as one of the industry’s top places to work by Science Magazine, The Boston Globe, Boston Business Journal and the San Diego Business Journal. Our research and medicines have also received esteemed recognitions, including the Robert J. Beall Therapeutics Development Award, the French Prix Galien and the British Pharmacological Society awards.

    Similar Jobs

    In-Office
    Waltham, MA, USA
    116 Employees
    145K-165K Annually
    In-Office
    Bedford, MA, USA
    1464 Employees
    136K-170K Annually

    Enverus Logo Enverus

    Account Director

    Big Data • Information Technology • Software • Analytics • Energy
    In-Office or Remote
    2 Locations
    1800 Employees

    MetLife Logo MetLife

    Customer Care Advocate AMS Service - Omaha, NE 9.21.26 - 18275

    Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics
    Remote or Hybrid
    United States
    43000 Employees
    42K-42K Annually

    Similar Companies Hiring

    SOPHiA GENETICS Thumbnail
    Software • Healthtech • Biotech • Big Data • Artificial Intelligence
    Boston, MA
    450 Employees
    Pfizer Thumbnail
    Artificial Intelligence • Healthtech • Machine Learning • Natural Language Processing • Biotech • Pharmaceutical
    New York, NY
    121990 Employees
    Cencora Thumbnail
    Healthtech • Logistics • Pharmaceutical
    Conshohocken, PA
    51000 Employees

    Sign up now Access later

    Create Free Account

    Please log in or sign up to report this job.

    Create Free Account