Cost Accounting Analyst

Nissha Medical
paid time off, sick time, 401(k), retirement plan
United States, New York, Buffalo
400 Exchange Street (Show on map)
Oct 16, 2024
Nissha Medical Technologies is excited to be hiring a Cost Accounting Analyst to work out of our corporate HQ in Buffalo, NY! This position will work closely with Finance and Operations teams across multiple global sites to gather and analyze detailed financial data to help shape the Company's financial and costing strategy. Perform comprehensive analysis of costs and expenses including forecasts and budgets while identifying opportunities to enhance efficiency and profit improvement. Create and analyze costing reports, tracking key data such as fluctuations in material, labor, and overhead costs and present findings to management. Estimate expenses and compare budgets with actual spending, while monitoring costs following significant changes in products or processes. Essential Job Functions Work with Sales, Engineering, Manufacturing, and Purchasing to develop accurate cost estimates that will be used to provide price quotes on products and evaluate profitability Utilize ERP system to evaluate Bills of Material, Routing, and Labor/Overhead rates Work closely with Finance teams at all sites to ensure consistent application of corporate policies related to standard product costing and cost accounting principles Assist in the operational rate development & maintenance, cost planning, analysis, month-end reporting and inventory analysis. Identify and analyze variances between actual and standard costs. Investigate the reasons behind variances and recommend corrective actions. Analyze and review inventory levels at all locations; work with sites to assess excess and obsolete inventory Maintain internal controls (consistent with JSOX) Assist the Sr. Director of Corporate Finance in developing annual cost budgets and forecasts. Engage with outside auditors for analysis related to product costing and inventory valuations Assist Sr. Director of Corporate Finance, CFO, and company leadership on special projects. Support other departments with information and analysis when requested. Requirements B.S. in Finance or Accounting required; CPA or CMA preferred. Three to five years of related experience in a manufacturing setting required Understanding of accounting concepts and related activities Knowledge, Skills, and Abilities Advanced proficiency in MS Excel and ERP systems experience Thorough understanding of cost accounting principles and procedures Strong analytical and problem-solving skills Understanding of US GAAP Highly organized, with attention to detail and emphasis on accuracy Ability to work effectively with cross-functional teams. Interact regularly with Senior Management Strong communication skills. The compensation range for this position is $80,000-95,000 DOE + a comprehensive benefit package. Why choose Nissha to build your career? At Nissha, you can be assured that you will be part of a dynamic, diverse team that is committed to bringing the best versions of ourselves each and every day. We recently received the "General Excellence" manufacturing award from Buffalo Business First, which highlights our dedication to quality, innovation, and sustainability. This recognition celebrates the hard work of our team in producing high-quality medical devices that meet industry standards and enhance patient care. If you are looking for meaningful work that motivates and inspires, you've come to the right place! What we offer that you'll love... Company Culture: At Nissha, we pride ourselves on cultivating an atmosphere of teamwork where all associates feel heard and valued. We may not all think the same, and we wouldn't have it any other way. Diversity & Inclusion: We are committed to equity, racial justice, and equal opportunity for all. Training and Development opportunities: Because we foster a culture of continuing education. Let's learn and grow together! Team Building, Connection, and Relationships: We support each other, celebrate our achievements and milestones together, and have FUN. Retirement: We know you want to retire comfortably and we're here to help! Nissha offers a 401(k) Retirement Plan with an attractive employer contribution. Time Away from Work: Whether it is vacation or sick leave, we all need time to recharge. Paid time off is an essential associate benefit and a pillar of self-care. Engagement Activities: Recognition isn't just a once-a-year occurrence at Nissha. We celebrate our team members year-round with summer picnics, holiday parties, and employee spotlight events, just to name a few. Commitment to Wellness: We offer various opportunities to learn about your health, be healthier, and get rewarded for your healthy lifestyle by offering reduced medical premiums. And so much MORE!