Cost Accountant I

Why Orthofix?

Guided by our organizational values – Take Ownership | Innovate Boldly | Win Together – we collaborate closely with world-class surgeons and other partners to improve people’s quality of life. At Orthofix, we want team members who build relationships and share knowledge, challenge the status quo, and deliver results every day to help us achieve our vision to be the unrivaled partner in Med Tech.  

Our global team of over 1,600 employees brings to market highly innovative, cost-effective, and user-friendly medical technologies that heal musculoskeletal pathologies for patients and the healthcare professionals who treat them. Looking to change people’s lives? Look no further.

JOB PURPOSE

The Cost Accountant I will provide financial and analytical support to the plant, and operations team. The position is accountable for supporting inventory and cost accounting functions at the manufacturing plant, reviewing and closing completed work orders, and meeting month end close deadlines. Month end close activities include inventory and cost of sales journal entries, accruals, reclassification entries, inventory account reconciliations, and assisting with inventory and cost of sales analysis and reporting. The position requires strong interpersonal and communication skills. The Cost Accountant I must display the ability to work within a team environment, make logical decisions, and show flexibility in a fast-paced environment

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

The following are the essential functions of this position. This position may be responsible for performing additional duties as tasks as needed and assigned.

• Perform analysis and review of cost of goods sold transactions, scrapped material, purchase price variances, standard cost changes, inventory revaluations, and manufacturing variances.

• Perform weekly work order variance reviews to ensure transactions are recorded correctly and costs are accurate, and close completed work orders.

• Perform monthly analysis of operating costs and budget vs actual variances.

• Assist with the preparation of excess & obsolete inventory reserves and shrink reserves.

• Process month-end journals and prepare related month-end reconciliations.

• Review individual part costs to ensure they are current and accurately reflect manufacturing and purchase costs.

• Assist with costs updates or standard cost roll-ups as required.

• Prepare and analyze monthly results for discussion with Director of Operations Accounting. 

• Provide data collection and supporting inputs for the annual budget and periodic reforecasting processes.

• Assist with calculation of standard labor and overhead rates on an annual basis.

• Assist with preparation and performance of physical inventories, as required.

• Maintain compliance with company policy and procedures and SOX internal controls.

• Support internal and external audits during quarterly reviews and annual audits.

• Interface successfully with other peer groups to achieve common goals and objectives.

• Work on special projects as needed.

• General ledger and cost accounting duties.

• Work order variance reviews and closes.

• Analysis and reporting.

• Budgeting and forecasting support.

• Compliance, SOX, and audit support.

• Other tasks and projects, as assigned.

MINIMUM QUALIFICATIONS

The requirements listed below are representative of the education, knowledge, skill and/or ability required for this position.

Education/Certifications:

• Bachelor’s Degree in Accounting or Finance required

Experience, Skills, Knowledge and/or Abilities:

• 1-3 years inventory and cost accounting experience

• Competence in time management and the ability to promote cooperation among co-workers

• Ability to work with minimal direction from management

• Ability to analyze and reconcile financial data

• Knowledge of personal computer databases and Excel spreadsheets

• Ability to effectively communicate verbally and in writing

• Effective organizational skills

PREFERRED QUALIFICATIONS

The education, knowledge, skills and/or abilities listed below are preferred qualifications in addition to the minimum qualifications stated above.

Education/Certifications:

• No additional requirements

Additional Experience, Skills, Knowledge and/or Abilities:

• Experience with ORACLE ERP systems a plus

PHYSICAL REQUIREMENTS / ADVERSE WORKING CONDITIONS

The physical requirements listed in this section include but are not limited to the motor/physical abilities, skills, and/or demands required of the position in order to successfully undertake the essential duties and responsibilities of this position.  In accordance with the Americans with Disabilities Act (ADA), reasonable accommodations may be made to allow qualified individuals with a disability to perform the essential functions and responsibilities of the position.

• This position requires frequent or continuous walking. This position requires frequent or continuous repetitive motion involving substantial movements of the wrist, hands and/or fingers; or grasping with hands and/or fingers.

  The anticipated salary for this position for an employee who is located in California is $68,450 - $80,000 per year, plus bonus based on performance, and benefits. The final pay offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and years of experience within the job, the type and years of experience within the industry, education, etc. The Company is a multi-state employer and this pay scale may not reflect the pay scale for an employee who works in other states or locations.

DISCLAIMER

The duties listed above are intended only as representation of the essential functions of this position.  The omission of specific statements of duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position.  The job description does not constitute an employment agreement between the employer and employee and is subject to change at the sole discretion of the employer.  Nothing in this document alters an employee’s at-will employment status.

We are committed to providing equal employment opportunities to all employees and applicants without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles, including braids, locks, and twists), ethnicity, religion, religious creed (including religious dress and grooming practices), color, caste, sex (including childbirth, breast feeding, and related medical conditions), gender, gender identity or expression, sexual orientation, national origin, ancestry, citizenship status, uniform service member and veteran status, marital status, pregnancy, age (40 and over), protected medical condition (including cancer and genetic conditions), genetic information, disability (mental and physical), reproductive health decision-making, medical leave or other types of protected leave (requesting or approved for leave under the Family and Medical Leave Act or the California Family Rights Act), domestic violence victim status, political affiliation, or any other protected status in accordance with all applicable federal, state, and local laws.

This policy extends to all aspects of our employment practices including, but not limited to, recruiting, hiring, discipline, termination, promotions, transfers, compensation, benefits, training, leaves of absence, and other terms and conditions of employment.