Job Information
Olympus Corporation of the Americas Senior Cost Accountant in Brooklyn Park, Minnesota
Working Location: MINNESOTA, BROOKLYN PARK
Workplace Flexibility: Hybrid
For more than 100 years, Olympus has focused on making people’s lives healthier, safer and more fulfilling.
Every day, we live by our philosophy, True to Life, by advancing medical technologies and elevating the standard of patient care so people everywhere can fulfill their desires, dreams, and lives.
Our five Core Values empower us to achieve Our Purpose:
Patient Focus, Integrity, Innovation, Impact and Empathy.
Learn more about Life at Olympus (https://www.olympusamerica.com/careers) .
**Please note: All correspondence will be sent from our Olympus domain (@Olympus.com). If you receive correspondence from an entity other than @Olympus.com, it is likely not legitimate.
Job Description
The Senior Cost Accountant is responsible for all cost accounting and closing activities associated with our manufacturing operations, mainly for the Redmond and BNP manufacturing sites, as well as other locations as needed. This role includes coordinating and participating in the month-end close process, ensuring the integrity of product costs, supporting project accounting, managing inventory cycle counts and controls, and conducting cost variance analysis.
Job Duties
Cultivate an understanding of the manufacturing processes and inform the respective plant management teams of potential issues when necessary.
Collaborates with finance team members on the month-end financial closing activities for multiple plants.
Coordinate and prepare the annual budgets and quarterly forecasts for both plant locations, considering both the cost center and the total plant.
Evaluation and assessment of cost-saving measures suggested by the manufacturing departments.
Maintain standard costs across both plants and work with IT to design and implement modifications to current systems and develop new ones.
Proactively developing reporting tools, analyzing information, and generating reports enables operational counterparts and management to respond effectively to potential exposures.
Generate weekly/monthly KPI reports on Productivity, Scrap, Work Order Variances, PPV, and Cycle Counts, among others.
Analyze cost accounting data and assist with cycle count/physical inventories. Maintain internal control documentation and test internal controls (JSOX). Support requirements from internal and external audit groups.
Prepares a detailed account analysis and reconciles sales costs and inventory liability accounts by customer type and division.
Conducts reviews and analyses of inventory and margin reports, undertakes research, and performs analytical studies related to cost analysis and profitability. Ensure the accurate and timely submission of inventory gross margin schedules to management.
Review and evaluate capital expenditure requests for proper preparation and financial documentation. Ensure timely tracking and communication of CER approvals and the closure process within the fixed asset system.
Project Cost Accounting involves managing all project cost centers within facilities, which includes calculating time, wages, and benefits, and manually allocate them by department and project; verify Accounts Payable and Purchasing. expenses: reconcile monthly Oracle project accounting expenses by account with Oracle General Ledger account balances, making necessary manual entries to balance as needed.
Engages in special projects as required and provides assistance to other members of the Finance team as needed.
Other duties as assigned
Job Qualifications
Required:
Bachelor's degree in accounting required.
Minimum 4 years of experience in accounting.
Must have Strong knowledge of Cost Accounting Standards & Principles and the ability to analyze and reconcile complex accounts and reserves.
Strong knowledge and proficiency in the application of Generally Accepted Accounting Principles & SOX.
Candidates must possess prior working experience with an ERP or knowledge of Oracle and Hyperion.
High level of proficiency in Microsoft Excel and PowerPoint required.
Preferred:
CPA or CMA designation a plus.
A minimum of three years' experience in cost accounting is preferred.
Preferred candidates will have experience in the life sciences or medical device sectors, or other regulated industries, with a desire for project accounting expertise.
Why join Olympus?
We offer a holistic employee experience supporting personal and professional well-being through meaningful work, equitable offerings, and a connected culture.
Equitable Offerings you can count on:
Competitive salaries, annual bonus and 401(k)* with company match
Comprehensive medical, dental, vision coverage effective on start date
24/7 Employee Assistance Program
Free live and on-demand Wellbeing Programs
Generous Paid Vacation and Sick Time
Paid Parental Leave and Adoption Assistance*
12 Paid Holidays
On-Site Child Daycare, Café, Fitness Center**
Connected Culture you can embrace:
Work-life integrated culture that supports an employee centric mindset
Offers onsite, hybrid and field work environments
Paid volunteering and charitable donation/match programs
Diversity Equity & Inclusion Initiatives including Employee Resource Groups
Dedicated Training Resources and Learning & Development Programs
Paid Educational Assistance
*US Only
**Center Valley, PA and Westborough, MA
Are you ready to be a part of our team?
Learn more about our benefit and incentives (https://www.olympusamerica.com/careers/benefits-perks) .
At Olympus, we are committed to Our Purpose of making people’s lives healthier, safer and more fulfilling. As a global medical technology company, we partner with healthcare professionals to provide best-in-class solutions and services for early detection, diagnosis and minimally invasive treatment, aiming to improve patient outcomes by elevating the standard of care in targeted disease states.
For more than 100 years, Olympus has pursued a goal of contributing to society by producing products designed with the purpose of delivering optimal outcomes for its customers around the world.
Headquartered in Tokyo, Japan, Olympus employs more than 31,000 employees worldwide in nearly 40 countries and regions. Olympus Corporation of the Americas, a wholly owned subsidiary of Olympus Corporation, is headquartered in Center Valley, Pennsylvania, USA, and employs more than 5,200 employees throughout locations in North and South America. For more information, visit www.olympusamerica.com .
Olympus is dedicated to building a diverse, inclusive and authentic workplace
We recognize diversity in people, views and lifestyle choices and emphasize the importance of inclusion and mutual respect. We strive to continue to foster empathy and unity in the workplace so that our employees can fully contribute and thrive.
Let’s realize your potential, together.
It is the policy of Olympus to extend equal employment and advancement opportunity to all applicants and employees without regard to race, color, national origin (including language use restrictions), citizenship status, religious creed (including dress and grooming practices), age, sex (including pregnancy, childbirth, breastfeeding, medical conditions related to pregnancy, childbirth and/or breastfeeding), gender, gender identity and expression, sexual orientation, marital status, disability (physical or mental) and/or a medical condition, genetic information, ancestry, veteran status or service in the uniformed services, and any other characteristic protected by applicable federal, state or local law.
Applicants with Disabilities:
As a Federal Contractor, Olympus is committed to ensuring our hiring process is accessible to everyone. If you need an accommodation in order to complete the application or hiring process, please contact Olympus via email at OCAAccommodations@olympus.com. If your disability impairs your ability to email, you may call our HR Compliance Manager at 1-888-Olympus (1-888-659-6787).
Posting Notes: || United States (US) || Minnesota (US-MN) || Brooklyn Park || Finance & Procurement