Cost Accountant
Endotronix
WHO ARE WE?
Endotronix is a medical device company that aims to transform the treatment of heart failure, a chronic, progressive condition in which the heart is unable to pump enough blood to support the body. Our Cordella Heart Failure System (CHFS) includes proactive management tools for best practice care and detection of worsening heart failure. These easy-to-use tools improve patient quality of life and help to reduce hospital admissions thereby reducing health care costs. With our recent PMA approval from the FDA and acquisition by Edwards Lifesciences, we are preparing to grow our team – it’s a great time to join Endotronix!
WHAT YOU’LL DO
The Cost Accountant with a background in manufacturing will oversee cost accounting activities within our organization. The Cost Accountant plays a critical role in analyzing, controlling, and optimizing costs to support our mission of delivering innovative Interventional Heart Failure Monitoring devices while ensuring profitability and compliance with industry regulations. This is a full-time, onsite position based in Naperville, Illinois. Requirements include:
- Establish and maintain cost accounting systems and procedures tailored to the unique requirements of the medical device manufacturing industry.
- Reviews cost and variance trends, researching significant variations and recommending appropriate response.
- Conducts daily operating performance analysis, including inventory movements, sales, and cost of goods sold to identify significant issues in a timely fashion.
- Reviews new BOMs and routers submitted for accuracy.
- Performs monthly inventory evaluation and reconciliation of cost ledgers.
- Evaluates and approves cost review requests, including operating impact analysis.
- Performs annual cost roll and inventory revaluation. Works with purchasing and operations management to enhance accuracy of cost components.
- Computes break-even points, profit margins, and production costs.
- Analyzes manufacturing costs and prepares regular reports, comparing standard costs to actual production costs. Making estimates of new and proposed product costs.
- Provides management with reports on factors affecting prices and profitability of products.
- Assists in audits and general ledger preparation.
- Prepares and analyzes gross margin reports by product.
- Analyzes changes in product design, raw materials, or manufacturing methods to determine effects on cost.
- Reviews cost allocation, assumptions, and rates.
- Owns month-end closing process and assists in budgeting and forecasting activities.
- Responsible for overall physical inventory and related audits.
- Coordination with operations to facilitate the periodic update of the standard cost in the bill of materials.
WHAT YOU BRING TO THE TABLE
- 5+ years of experience in cost accounting in a manufacturing environment
- 8+ years of accounting experience
- Proficiency in ERP systems and advanced proficiency in Microsoft Excel.
- Strong analytical skills with the ability to interpret complex data and provide actionable insights.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
- A CPA or CMA certification is preferred.
- Knowledge of FDA regulations and ISO standards related to medical device manufacturing is preferred.
Education
- Bachelor's degree in accounting, finance, or a related field
WHO YOU ARE
- Relentlessly focused on data and hypothesis driven decision making to create the best experiences for ETX patients and customers
- Someone with a bias for action and quick iteration as opposed to perfection
- A quick learner, who is able to work independently, multitask, and drive your own projects
- An effective communicator and collaborator who can synthesize insights from multiple stakeholders across business functions to deliver purpose-built insights, models and tools that provide easily interpretable and actionable results
- A team player who can inspire teams to deliver together, embodying the idea that the whole is greater than the sum of the parts
- Passionate about digital healthcare and leveraging Data to deliver innovative solutions at scale
WHAT WE’RE LIKE
- Willing to have the “direct and honest conversation”. Not afraid to confront the facts (or be confronted) and develop a plan to move forward.
- Competitive spirit and drive to win. Strong sense of initiative, internal motivation, and an unrelenting focus on results.
- Openness to feedback and coaching with a strong orientation towards continual learning and improvement. Ability to solicit, accept and provide direct feedback without defensiveness.
- Capacity to function in a highly complex company with ease and fluidity, while driving and influencing results.
- Entrepreneurial, flexible, yet results focused.
- High degree of intellectual curiosity, honesty, and capability.
- Low ego and humble in spirit in spite of your track record of outstanding performance.
LIFE AT ENDOTRONIX
- Our shared company values create a foundation of trust and collaboration. United in a common purpose, we excel at the task at hand to provide best-in-class medical technology and customer service to our patients and clinicians. And along the way we make sure to have a little fun, continue to grow and celebrate our successes.
- We provide a competitive compensation package, comprehensive benefits including unlimited PTO, and an environment that will help you to thrive and succeed in your career.
- Endotronix is an equal opportunity employer, and we are committed to providing equal employment opportunities to all persons without regard to race, creed, color, religion, national origin, gender, marital status, citizenship status, age, veteran status, or disability. We are passionately committed to building a diverse organization where all perspectives and cultures are celebrated