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Manager II, Cost Accounting

Company: B. Braun Medical Inc.
Location: Bethlehem
Posted on: January 6, 2021

Job Description:

Overview
About B. Braun

B. Braun Medical Inc., a leader in infusion therapy and pain management, develops, manufactures, and markets innovative medical products and services to the healthcare industry. Other key product areas include nutrition, pharmacy admixture and compounding, ostomy and wound care, and dialysis. The company is committed to eliminating preventable treatment errors and enhancing patient, clinician and environmental safety. B. Braun Medical is headquartered in Bethlehem, Pa., and is part of the B. Braun Group of Companies in the U.S., which includes B. Braun Interventional Systems, Aesculap-- and CAPS--.

Globally, the B. Braun Group of Companies employs more than 61,000 employees in 64 countries. Guided by its Sharing Expertise-- philosophy, B. Braun continuously exchanges knowledge with customers, partners and clinicians to address the critical issues of improving care and lowering costs. To learn more about B. Braun Medical, visit .
ResponsibilitiesPosition Summary:

Position exists to ensure that the organization's data on manufacturing spending, inventories and cost accounting are processed, summarized, and reported in an accurate and efficient manner and communicated effectively to management.

Responsibilities: Essential Duties


Manage inventory accounting and cost accounting personnel daily.
Develop professional skills of inventory accounting and cost accounting personnel daily.
Set objectives for the team and communicate priorities daily or as needed.
Resolve employee situations within the department as needed.
Ensure appropriate inventory valuation for B. Braun Medical Inc. and subsidiaries.
Calculate new standard cost as needed, but at least quarterly and provide detailed analyses and inventory changes and gross profit impacts to the VP, Planning & Controlling and the CFO for approval.
Report actual manufacturing spending using the top-down-profit & loss (TDPL) format and comment on main cost drivers monthly.
Prepare/review manufacturing spending plans using the TDPL format and comment on main cost drivers in collaboration with plant controlling staff.
Present TDPL findings to the CFO during regular plant review meetings
Analyze PPV and make accounting recommendations to capitalize if needed.
Report B. Braun Medical inventories monthly/weekly/daily as needed and set targets for inventories based on annual volume budgets.
Calculate annual sales volumes for current year, next year and the strategic planning period and provide to the appropriate departments to calculate manufacturing budgets.
Prepare/review inventory accounting work papers supporting general ledger balances.
Prepare/review journal entry data entered into inventory ledger monthly.
Maintain/expand expertise over SAP inventory and cost accounting systems daily/weekly/monthly.
Support quarterly and year-end reporting quarterly and annually.
Support year-end audit; interact/communicate with outside auditors annually.
Prepare/maintain QPAI base data for federal tax reporting (preliminary and final) or similarly required analyses for tax purposes twice per year.
Prepare/maintain internal control policies over inventories and analyze/refine internal control structure over inventory accounting and processing monthly.
Receive or understand instructions, request or provide data, provide work direction within the department daily.
Explain policies and procedures within the department monthly.
Receive or understand instructions, request or provide data monthly with contractors/consultants (SAP).
Various accounting work papers/analyses reports required by senior management and outside organizations monthly/quarterly.

Expertise: Knowledge & Skills

Excellent knowledge of accounting processes
Expert knowledge in Excel and ability to process large data volume
Expert knowledge in SAP with regards to material master data, cost accounting, manufacturing spending, production order variance settlement and analysis, inventory reporting and material transactions.
Excellent communication skills to present financial results (inventory/plant spending, manufacturing variances, standard cost developments and targets) to senior management
Strong ability to challenge the status quo and drive changes to improve processes.
Train employees regarding work procedures weekly.
Assign tasks and act as project leader weekly/monthly.
Interview and select employees annually.
Evaluate employee performance annually.
Recommend or implement discipline as needed.
Recommend compensation and staffing levels annually/quarterly.
Implementation of new procedures to make processes more efficient (i.e. new costing methods, SAP related inventory, evaluation/redesign of internal control policies).
Drive central coordination of planning and controlling functions (i.e. inventory accounting processing) and continuous evaluation/redesign of department structure with emphasis on cost minimization, process efficiency and sound internal controls.
Qualifications
Expertise: Qualifications - Experience/Training/Education/Etc

Required:


  • Bachelor's degree in Accounting (preferred) or Finance


  • Minimum of 8 years' experience in cost accounting or general accounting of a manufacturing company.


  • Strong problem solving skills


  • High level of proficiency in the use of SAP


    Desired:


    • Additional accounting classes, MBA or CPA


    • APICS certification (CPIM, CSCP or both)



      While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to handle or feel and reach with hands and arms. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 20 pounds.


      B. Braun offers an excellent benefits package, which includes healthcare, a 401(k) plan, and tuition reimbursement. To learn more about B. Braun and our safety healthcare products or view a listing of our employment opportunities, please visit us on the internet at www.bbraunusa.com
      Through its "Sharing Expertise--" initiative, B. Braun promotes best practices for continuous improvement of healthcare products and services.PI126897275

Keywords: B. Braun Medical Inc., Bethlehem , Manager II, Cost Accounting, Executive , Bethlehem, Pennsylvania

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