Olympus Corporation · 4 hours ago
Senior Cost Accountant
Minneapolis, MN
Full-time
Hybrid
Mid, Senior Level
$78K/yr - $105K/yr
5+ years expOlympus Corporation is a global medical technology company focused on making people’s lives healthier and safer. The Senior Cost Accountant is responsible for all cost accounting and closing activities associated with manufacturing operations, including coordinating month-end close processes and managing inventory controls.
ElectronicsIndustrialManufacturingMedical DeviceProduct Design
Responsibilities
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
Qualification
Required
Bachelor's degree in accounting required
Minimum 5 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
Must possess prior working experience with an ERP or knowledge of Oracle and Hyperion
High level of proficiency in Microsoft Excel and PowerPoint required
Travel as required
Preferred
CPA or CMA designation a plus
Experience in the life sciences or medical device sectors, or other regulated industries, with a desire for project cost accounting expertise
Benefits
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
Paid volunteering and charitable donation/match programs
Paid Educational Assistance
Company
Olympus Corporation
Olympus is passionate about creating customer-driven solutions for the medical industry.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Yasuo Takeuchi
Executive Chairman
Recent News
2025-05-27
2025-05-19
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