Manager II, Cost Accounting
Company: B. Braun Medical Inc.
Location: Bethlehem
Posted on: January 6, 2021
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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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