Senior Cost Accountant - Minimally Invasive Therapies Group

Medtronic Inc. Boulder , CO 80301

Posted 2 months ago

Careers that Change Lives

Are you a passionate, dedicated and motivated Senior Cost Accountant looking for a new challenge that impacts patient's lives? We partner with one of Medtronic's largest businesses to influence organic and inorganic investments, develop financial models to strengthen business decisions, and provide financial guidance and expertise to our business partners. We have a high level of integrity, accountability and strong desire to improve processes to drive change.

The Minimally Invasive Therapies Group strives to enable earlier diagnosis, better treatment, faster complication-free recovery, and enhanced patient outcomes through less invasive surgical solutions. We value what makes you unique. Be a part of a company that thinks differently to solve problems, make progress, and deliver meaningful innovations.Come for a job, stay for a career. We hope you'll consider joining our team!

Senior Cost Accountant

Boulder, Colorado, United States

Finance leadership drives value to the Surgical Innovations business and its manufacturing centers. In this role, you will use your talents and skills to build business insights, manage process development, and drive compelling analytics that propel the Boulder manufacturing plant to expected strong business results. This role reports to the Finance Director/Plant Controller and is directly responsible for Precision Instruments Factory monthly financial reporting, expense forecasts/planning, account reconciliations, and a myriad of other financial directives that support our business partners across the organization.

Precision Instruments represents $211M of Cost of Production for the Surgical Innovations Business within the Minimally Invasive Therapies Group (MITG).

A Day in the Life:

  • Create metrics that build insights that are both efficient for Precision Instruments Focus Factory leadership to understand and effective in supporting key business strategies

  • Conduct critical month-end activities including cost center management and analysis, balance sheet reconciliations, and variance commentary

  • Consolidate business partner's inputs for financial reviews (monthly & quarterly reviews, annual operating plan, long range strategic plans, and ad hoc reporting)

  • Manage key performance indicators monthly through reviews of actual, forecasted, and planned metrics

  • Attend production meetings on the plant floor to receive insights to assist in analysis

  • Be the subject matter expert in purchase price variances, freight in expenses, costed BOMs, labor routers, and material usage variance

  • Develop forward looking insights and measurements for the factory

  • Investigate and report on key cost saving opportunities and variance analysis around important costing metrics (i.e. PPV, MUV, and Labor efficiency)

  • Challenge existing processes forecasts for improvement for achievability

  • Support factory new product launches

  • Perform ad hoc projects, analyses, reporting, and tasks as required

Must Have: Minimum Requirements

Bachelor's Degree with 4+ years of work experience in Finance and/or Accounting (2+ years with an Advanced degree)

Nice to Have

  • BA/BS in Accounting, Business or Finance

  • MBA, CMA or CPA

  • Experience working in support of manufacturing operations

  • Experience with SAP and Hyperion

  • Experience leading process improvement projects (Green Belt+)

  • Strong qualitative and quantitative analysis, critical thinking, and problem-solving skills

  • Solid accounting foundation with high interest in financial modeling

  • Ability to interface in a team environment with various levels of management

  • High integrity and self confidence

  • Strong organization skills

  • High degree of initiative and self-motivation

  • Strong communication, collaboration, presentation and interpersonal skills

  • Desire to learn and to develop for future opportunities and job growth

About Medtronic

Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.

We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future.

Physical Job Requirements

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)

Up to 10% travel


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Sr Cost Accountant Minimally Invasive Therapies Group

Medtronic Inc.

Posted 4 months ago

VIEW JOBS 2/12/2020 12:00:00 AM 2020-05-12T00:00 Careers that Change Lives Are you a passionate, dedicated and motivated Sr Cost Accountant looking for a new challenge that impacts patient's lives? We partner with one of Medtronic's largest businesses to influence organic and inorganic investments, develop financial models to strengthen business decisions, and provide financial guidance and expertise to our business partners. We have a high level of integrity, accountability and strong desire to improve processes to drive change. The Minimally Invasive Therapies Group strives to enable earlier diagnosis, better treatment, faster complication-free recovery, and enhanced patient outcomes through less invasive surgical solutions. We value what makes you unique. Be a part of a company that thinks differently to solve problems, make progress, and deliver meaningful innovations. Come for a job, stay for a career. We hope you'll consider joining our team! A Day in the Life Responsibilities may include the following and other duties may be assigned. * Serve as the finance partner for the Precision Instruments Focus Factory * Serve as the primary business partner to execute month-end fiduciary responsibilities, including cost center reviews, journal entries, expense analysis, balance sheet reconciliations, reporting and variance commentary, for all of PI product lines * Coordinate and prepare weekly, monthly and quarterly reports and forecasts for purchase price variance * Consolidate business partner's inputs for financial reviews (monthly & quarterly reviews, annual plan, Strategic Plan, and ad hoc reporting) * Proactively investigate and communicate cost savings and operating variances in PPV, MUV, and Labor efficiency * Identify risks and opportunities to forecast and plan. Apply quantitative and qualitative skills and business experience to arrive at meaningful conclusions and recommendations. Develop options and solutions when issues arise for both finance and non-finance stakeholders. * Support the Precision Instruments Focus Factory in new products launches; setting up costs from raw materials to finished goods * Be the subject matter expert in purchase price variances, freight in expenses, costed BOMs, labor routers, and material usage variance * Other related duties may include but are not limited to: Operational Excellence, special projects, Sarbanes-Oxley, business development, etc. Must Have: Minimum Requirements * Bachelor's Degree with 4+ years of work experience in Finance and/or Accounting OR Advanced Degree with 2+ years of work experience in Finance and/or Accounting Nice to Have * Solid technical knowledge of Microsoft Excel (Vlookups, Pivot tables) * Certified Public Accountant * Strong knowledge of U.S. GAAP accounting and internal control requirements * Previous experience with a global manufacturing company * Strong business and FP&A modeling capabilities required * Demonstrated critical thinking, presentation and communication skills * Team orientation and ability to work cross functionally and across the matrix to build credibility and relationships * Adaptable, flexible, and personable to succeed in a dynamic, energetic and fast paced environment. * Solid technical knowledge of SAP (or similar ERP system) and Hyperion/HFM systems a plus About Medtronic Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be. We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future. Physical Job Requirements The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America) * Ability to travel domestically and internationally to other MDT locations for meetings and projects Medtronic Inc. Boulder CO

Senior Cost Accountant - Minimally Invasive Therapies Group

Medtronic Inc.