The Senior Cost Accountant is responsible for analyzing and maintaining product costs, inventory valuation, manufacturing performance metrics, and operational financial reporting. This role partners closely with Operations, Supply Chain, Engineering, and Finance leadership to provide actionable insights that improve profitability, support cost reduction initiatives, and ensure the integrity of cost accounting processes. The position serves as the subject matter expert for standard costing, manufacturing variances, and inventory analysis while supporting budgeting, forecasting, and strategic decision-making.Responsibilities
Cost Accounting & Product Costing
Maintain and analyze standard costs, Bills of Materials (BOMs), routings, and product cost structures. Perform annual and periodic standard cost updates. Support new product costing, profitability analysis, and pricing decisions. Ensure accurate product cost valuation within SAP S/4HANA systems.
Manufacturing Finance & Variance Analysis
Analyze labor, material, overhead, scrap, yield, and production variances. Investigate root causes of manufacturing inefficiencies and provide recommendations for corrective action. Develop and monitor key manufacturing KPIs. Present cost performance results to Finance and Operations leadership.
Inventory Management
Monitor inventory valuation and reserve calculations. Support cycle count programs and physical inventories. Analyze inventory accuracy and identify inventory-related risks and opportunities. Reconcile inventory balances and resolve discrepancies.
Financial Planning & Analysis
Support monthly close activities, including journal entries, accruals, and account reconciliations. Assist with annual budgets, forecasts, and long-range planning. Perform budget-to-actual analysis and explain significant variances. Develop financial models to support operational and strategic initiatives.
Cost Reduction & Business Partnership
Identify and quantify cost savings opportunities. Partner with manufacturing, supply chain, and engineering teams on continuous improvement projects. Support productivity initiatives, sourcing decisions, and capital investments with financial analysis. Track and report realized savings from cost reduction programs.
Reporting & Systems
Develop and maintain cost reporting and financial dashboards. Support SAP costing and other financial systems enhancements. Improve reporting automation and data accuracy. Ensure compliance with internal controls, accounting policies, and GAAP requirements.
All employees are responsible for ensuring the compliance to company documents, programs and activities related to the Health, Safety, Environment, Energy, and Quality Management Systems, as per your roles and responsibilities.
REQUIREMENTS
- Bachelors Degree in accounting.
- Five plus (5+) years cost accounting experience in a manufacturing facility is preferred.
- Experience using SAP GUI (not Fiori) in a manufacturing environment. (S/4HANA preferred)
- Working knowledge of standard costing, financial inventory controls and GAAP are required.
- Intermediate to Advanced Excel skills (Functions, Pivot Tables, Complex Formulas, etc)
- Must be able to communicate, both written and verbal with all levels of plant management.
We offer an excellent salary and benefits package including medical, dental and vision coverage, as well as life insurance, disability, 401K with company contribution, and wellness program.
Please note that joining our team does not create a guaranteed or permanent employment arrangement. All employment is at‑will, meaning both the employee and Fresenius Kabi have the right to end the employment relationship at any time, in accordance with applicable federal and state laws.
Fresenius Kabi is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, citizenship, immigration status, disabilities, or protected veteran status.
Skills Required
- Bachelor’s degree in accounting
- Five or more years of cost accounting experience in a manufacturing facility
- Experience using SAP GUI in a manufacturing environment; SAP S/4HANA preferred
- Working knowledge of standard costing, financial inventory controls, and GAAP
- Intermediate to advanced Excel skills, including functions, pivot tables, and complex formulas
- Strong written and verbal communication skills with all levels of plant management
What We Do
Fresenius Kabi is a global healthcare company that specializes in lifesaving medicines and technologies for infusion, transfusion, and clinical nutrition. The company’s products and services are used for the therapy and care of critically and chronically ill patients. Its product portfolio comprises a range of highly complex biopharmaceuticals, clinical nutrition, medical technologies, and I.V. generic drugs. Within biopharmaceuticals, Fresenius Kabi offers, among others, biosimilar drugs with a focus on autoimmune diseases and oncology. The company’s clinical nutrition offering includes a wide selection of enteral and parenteral nutrition products. In the segment of medical technologies, its offering includes vital disposables, infusions pumps, apheresis machines, cell therapy devices, and more. Fresenius Kabi puts essential medicines and technologies in the hands of people who help patients and finds the best answers to the challenges they face. Following its strategy “Vision 2026”, which is a key part of the #FutureFresenius program of the Fresenius healthcare group, the company is furthermore committed to increase efficiencies in the therapy and care of patients and improve access to high-quality healthcare around the globe. Fresenius Kabi aspires to be leading globally in its product segments – all for the benefit of patients, its customers, and its stakeholders. Fresenius Kabi Community Guidelines and User Information: https://www.fresenius-kabi.com/social-media-terms-conditions Imprint: https://www.fresenius-kabi.com/imprint
