Cost Analyst jobs in Leominster, MA

PI (Physik Instrumente), LP is the world leader in high precision positioning systems: Nano Positioning, Micro Positioning, Precision Motion and Automation Systems. Our product lines include piezoelectric-based nano positioners, motorized stepper and servo stages, and linear motor stages. Our customers are the leading OEM’s and researchers in high tech fields such as semiconductor, photonics, biomedical, aerospace, astronomy, metrology, scientific instrumentation, and scientific research in microscopy and beam lines.

Our culture is open, transparent, enthusiastic with a general curiosity to solve emerging science and technology challenges. If you have an open, inquiring mind and like to develop solutions for first generation problems, you will be right at home.  We are pioneers by nature; quite frequently, we are creating or building a device that will be applied for the first time, for a process that will be leveraged for an entire marketplace.  

We have a front-row-seat to innovation. Our customers are building the future generation of earth changing technologies. Our products help build products that everyone has or knows. We are a purposeful organization, and we collaborate to solve our customers' problems. Our engineering helps build success with our customers. 

We are seeking an experienced Cost Accountant who will take a lead role in the analysis and preparation of all aspects of inventory and manufacturing costing information to support a wide range of business operations. The ideal candidate will demonstrate a strong interest in manufacturing processes, in spending time on the plant floor observing activities to gain information and has experience in providing detailed and accurate product costing information and variance analysis. The Cost Accountant will be based in our Hopkinton, MA location.  

What You Will Do:

·         Support the leadership team to interpret financial data to track against financial objectives.

·         Partner with the broader Finance and business organization to build robust reporting tools.

·         Execute and analyze product costing, specifically cost of goods sold (COGS) and other manufacturing operating inputs.

·         Month-end closing duties, reconciliations, and analysis relating to inventory as well as the income statement to the gross margin level, including standard cost of sales, variances, scrap, reserves, and inventory cycle count adjustments. 

·         Maintain routings and structures within the ERP system and inventory part master and maintain the inventory standard cost system. 

·         Interact with all relevant departments to ensure accurate and timely updates related to product changes and perform cost roll-ups to reflect changes in standard costs.

·         Prepare inventory part costings for new products or for sales quotations.

·         Work with the manufacturing team to develop relevant metrics to measure manufacturing performance.

·         Provide support and guidance to relevant departments to assist them in understanding and Improving costs and margins. Visibility on the plant floor is necessary to achieve this goal.

·         Support sourcing decision by creating financial analysis for total Cost of Goods Sold (COGS) and other manufacturing inputs.

·         Assist with new product business case preparation.

·         Prepare and analyze monthly costing reports by department and category.

·         Approve and assist with costing on new and existing products.

·         Review, update, and maintain activity rates.

·         Review company allocations.

·         Identify bill of materials (BOM) and manufacturing routings and recommend adjustments.

·         Analyze material, labor, and other expenses and provide proactive recommendations based on this analysis

·         Assist Product Management with profitability analysis by product, Mfg. Location & Customer

·         Compare monthly actual results to budget and projections.

·         Audit and analyze inventory to understand and support the remedy of inventory valuation deviations.

·         Develop compelling dashboards and data visualizations to improve understanding of key business metrics.

What Have You Done

·         Bachelor's degree in accounting, or similar.

·         7 years of experience in a cost accounting role with exposure to general accounting functions.

·         6 years of hands-on experience in financial management and operations function in a manufacturing environment.

·         Hands on experience working on the plant floor with operators/engineers to validate costing assumptions.

·         Advanced knowledge of Excel, analytical systems and ERP systems in a manufacturing environment.

·         Strong aptitude for learning and understanding systems (reporting, process, software) and methods.

·         Demonstrates a thorough level of knowledge in cost accounting methods, including activity-based costing, unit costing, standard costing methods with variances, and residual analysis.

·         Demonstrates a thorough level of experience in cost study design and oversight, including the use and maintenance of standard cost frameworks for the integration of cost studies with existing model methodologies.

·         Proven record of success in running and updating cost modeling systems (data, hierarchy, rules, etc.); supporting Standard and Forecast unit costs, variance reporting, cost maintenance, operational metrics, and scorecards.

·         Broad range of capabilities, including being an executor who can communicate problems and their solutions.

·         Ability to take high-level strategic perspectives while not being afraid to delve into the details of specific analyses.

·         Ability to interact with and influence people at all levels of an organization.

·         High degree of financial and analytical process leadership and business acumen.

·         Excellent financial modeling and analytical skills for budgeting & forecasting, combined with strong attention to detail.

·         Ability to present complex information in a usable format to a diverse audience.

·         Experience establishing, implementing, and adhering to cost and process improvement initiatives within a high-growth environment.

What We Provide:

·         Blue Cross Blue Shield of MA PPO medical plan with HSA. 

·         Dental and vision insurance. 

·         LTD & Life insurance. 

·         401k with a generous company match. 

PI (Physik Instrumente), LP is an Equal Employment Opportunity Employer/Protected Veterans/Individuals with Disabilities. Employment is dependent on the results a background check. We are open to reasonable accommodation – please contact us at curtc@pi-usa.us for consideration. 

We are not currently providing work authorization or sponsorship for this opportunity.