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Revvity · 3 weeks ago

Senior Cost and Inventory Accountant

Lafayette, CO

Full-time

Hybrid

Mid, Senior Level

$78K/yr - $110K/yr

5+ years exp

Revvity is seeking a detail-oriented Senior Cost & Inventory Accountant to join their dynamic finance team at the Lafayette operations. This role involves managing complex inventory accounting processes, overseeing global royalty operations, and providing financial insights to manufacturing teams to drive operational excellence.

Health CareLife Science

Hiring Manager

Joanna Banegas Trede MBA, MA

Responsibilities

Account for inventory under ASC 330 for two businesses located in Lafayette, Colorado

Oversee comprehensive inventory accounting, including scrap management, cycle count coordination, and reserve calculations for Lafayette manufacturing operations

Interact and work with the operations teams in Lafayette, Colorado

Interact with controlling teams in the UK and Poland for posting entries

Manage relationships with external service providers supporting inventory accounting functions, including review and oversight of outsourced work

Propose month-end adjustments by product line based on operations inventory stock reports

Perform sophisticated journal entries and detailed general ledger account analysis to support accurate financial reporting

Reconcile inventory and related accounts on a monthly basis, leading process improvements for GL to subledger reconciliations

Perform/manage cycle count process

Maintain the LIM systems; purchasing and sale of inventory items and interaction with D365 and SAP systems

Calculate and propose inventory reserve amounts

Monitor movements between inventory (raw material, work in process, and finished goods)

Review monthly costs, including manufacturing expense and other costs, variances, etc

Conduct monthly variance analysis of process orders, material manufacturing variances, scrap, absorption, and spending patterns

Perform and assess the annual standard cost updates

Plan/budget labor overhead rates and other burden rates for manufacturing

Coordination of monthly inventory close activities with the sites

Execute month-end close accounting and reporting requirements, operating expenses controlling & compliance, variance analysis & commentary, and presenting on financial performance, staffing, and key financial metrics regularly

Partner with Supply Chain, Operations, Quality Operations, and Planning teams to ensure accurate inventory valuation and reporting across Lafayette operations

Lead accounting controls functions and reporting requirements for inventory reserves, pre-approval manufacturing processes, and standard costing systems

Support the development of new systems, processes, and reports

Support the Controller with special projects and workflow process improvements

Serve as finance and business partner for Operations, and provide financial oversight for HR, IT, EH&S, Engineering, Spare Parts, New Products, and Capital Lead capital projects, Make-vs-Buy analysis, and strategic sourcing, driving cost savings and operational efficiencies

Identify insourcing/outsourcing opportunities and conduct value analysis to enhance financial performance

Monitor business risks & opportunities, providing proactive financial insights to optimize performance

Manage site-specific accruals and coordinate with budget owners on Lafayette operations

Lead departmental budget processes (AOP/Budget, Actuals, and Forecast), including monthly reviews with plant management

Analyze and track cost improvement projects, providing monthly updates

CAPEX, OPEX, Overhead Spend, Headcount, KPIs planning and monitoring (AOP/Budget, Actuals, and Forecast) for Lafayette site operations

Lead responsibility for the Site's Operational P&L | Cash Flow | Balance Sheet budgets, forecasts plan in close cooperation with the SLT for spending (FP&A), standard cost, headcount, program savings, and capital spending

Execute financial planning cycles, including budgeting and forecasting, for global operations (CAPEX / OPEX / HC / COGM / COGS)

Conduct financial analysis for cost improvement initiatives and strategic investment decisions

Ensure compliance with internal controls and Sarbanes-Oxley (SOX) requirements

Prepare balance sheet reconciliations with variance commentary comparing the current month to the prior year

Consolidate and analyze inventory balances by product line within Lafayette operations

Support preparation of Plan, Actual, and Forecast numbers, analysis of variances, along with commentary of its contributors for site reporting

Ownership, calculation, and payment initiation of supplier royalties due on sales made by the Dharmacon and BIOO businesses worldwide

Participate in FP&A forecast Lead the annual operating plan ("AOP"), inventory planning, and execution (updating forecast each month). Prepare quarterly financial forecasts for inventory-related balances