Principal Cost Accountant

SeaSpine is uniquely transforming Spinal Surgery with safe, fast, real-time solutions that give surgeons and hospital partners the confidence to deliver better outcomes to improve patient lives-NOW. If you are interested in being a part of our amazing journey and a member of the Accounting Team. Please read on!

Principal Cost Accountant will be primarily responsible for inventory valuation, variance reporting, capital expenditure tracking and reporting, fixed asset tracking and reporting, quarterly budgeting process and monthly actual vs. budget reporting. The position will be responsible for direct accounting and analysis support for operations, specifically for the spinal implant business.

Your key responsibilities

• Inventory Reporting
  
  • Monthly inventory fluctuation analyses (actuals, and actuals vs. budget)
  • Prepare or review month end account reconciliations for inventory
  • Proposal of correcting entries, as needed
  • Assist with inventory forecasting/budgeting
• SKU Data Maintenance
  
  • Provide guidance and support for new SKUs to validate proper costing and other SKU attributes
  • Support Product Development team on impact of new processes, BOM creations, etc.
  • Regular review of SKU attributes for accuracy and proposal of correcting actions as needed
• Excess and Obsolete Analysis
  
  • Preparation and completion of international E&O analysis, provide commentary on drivers and changes in balances
• Loose Instrument Analysis
  
  • Preparation and completion of loose instruments analysis, provide commentary on drivers and changes in balances
• Fixed Assets, CIP and Instrument analysis
  
  • Monthly fixed asset, CIP and instrument roll forward to analysis movements for management reporting
  • Monthly analyze instrument replacement expense
  • Monthly analysis of instrument purchases vs. budget
• Freight Reporting
  
  • Monthly reporting on actual vs. budget.
  • Identification of deviations in shipping standard processes
• Departmental Spend
  
  • Provide FP&A support to operations department owners
  • Understand the assigned departments individual budget and review monthly activity to propose necessary adjustments (i.e. reclasses & accruals)
  • Assist department owners with the budget and forecast preparation process
  • Track and report actual to budget for capital expenditure activity on a monthly basis
  • Identify and communicate deviations from budget in a timely manner
• New product launch support
  
  • Provide guidance and support for new SKUs creation to marketing and engineering team
  • Support Product Development team on impact of new processes, BOM creation review, etc.
• Review entries and account reconciliations prepared by staff cost accountants
• Assist in representing the cost accounting team for all projects related to ERP system improvements and configurations, understand the implications for month-end processes and audit deliverables
• Provides oversight, feedback, guidance, and direction to Staff Cost Accountants that will enable them to perform their job requirements as directed by the Cost Accounting Manager.
• Assist in the development and preparation of necessary financial information for regulatory requirements, including tax and quarterly and annual SEC filings.
• Support external audits by providing necessary documentation.
• Ad hoc analyses as needed
• Communicate with cross functional teams including IT, A/R, A/P, FP&A, Sales & Marketing.
• Other tasks and projects as assigned.

Who you are

• Bachelor's Degree in Accounting, Finance or related field required.
• CPA, preferred
• +8 years of corporate and/or public accounting experience to include cost and inventory accounting.
• Strong Microsoft Excel skills a must
• Detail oriented with the ability to investigate and resolve problems
• Ability to analyze and reconcile financial data
• Knowledge of personal computer databases and spreadsheets
• Ability to effectively communicate verbally and in writing with various levels of management.
• Effective organizational skills
• Ability to work well as part of a high performing team, as needed
• Experience with ORACLE ERP system a plus

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)