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Senior Cost Accountant

Baylor GeneticsHouston, Texas, United StatesOnsite

Summary:


The Senior Cost Accountant is responsible for test costing and analysis, and inventory valuation. Additionally, the Senior Cost Accountant supports monthly financial close, cycle counts, and physical inventory and ensures accurate financial postings occur. This person partners closely with our Supply Chain and Operations teams to provide critical support in ensuring compliance with US GAAP and related accounting rules.

Responsibilities:



  • Contribute to the outstanding reputation of the company by always putting the customer first, treating fellow associates with respect, and conducting business with the highest integrity.

  • Ensure inventory costing policies are clearly defined and consistently implemented.

  • Perform cost variance analysis and maintain accurate costing records.

  • Develop and execute a review process for inventory adjustments, including setting processes and approval thresholds, developing a reporting and review process, and actively reviewing and approving inventory/in-process adjustments.

  • Lead and coordinate periodic physical asset counts.

  • Support monthly financial close, inventory counts, and perpetual inventory accuracy.

  • Scrutinize costing and inventory transactional data to draw conclusions, interpret results, drive corrective actions, and make recommendations to Accounting leadership.

  • Analyze aging reports and review turnover of inventory/in-process materials for possible impairment and calculate any necessary reserves.

  • Assist in the improvement of processes and internal controls related to inventory.

  • Ensure all required journal entries and respective documentation is properly recorded.

  • Analyze testing costs and prepare reports comparing standard costs to actual production costs.

  • Work cross-functionally to determine accurate costing estimates for new tests and modifications of existing tests.

  • Manage all new and existing items setup and accuracy in the ERP item master data.

  • Ensure accuracy of standard costs in the ERP, including periodic standard cost rolls.

  • Work closely and collaboratively across cross-functional teams whenever necessary.

  • Other duties as assigned.

Qualifications:



  • College degree in accounting or related field.

  • 3+ years of accounting experience with at least 1-2 of those years being in a manufacturing, assembly or inventory management environment.

  • Demonstrated strong aptitude for problem-solving, accounting principles, documentation skills, research and resolution skills, data analysis and multi-tasking.

  • Must possess knowledge of applicable accounts payable/general ledger systems and procedures, financial chart of accounts and corporate procedures.

  • Detailed understanding of how supply chain flow and manufacturing processes interact with the general ledger.

  • Must be strategic and results-oriented.

  • Must be able to work both independently and in a team environment.

  • Ability to manage competing priorities and deliver first-time quality product within deadlines.

  • Must be self-motivated.

  • Must possess excellent verbal and written communication skills.

  • NetSuite experience is strongly preferred.

  • Advanced Microsoft Excel skills required.

  • Proficiency in using NetSuite required.

  • Ability to present and communicate at all levels of the business.

Location:


Remote, Houston area preferred

Life at Baylor Genetics

Thrive Here & What We Value1. Inclusive and Diverse Workforce2. Equal Opportunity Employer3. Top Level Customer Service4. Leadership Presence on the Team5. Partnership with Other Departments6. Adheres to Code of Conduct as outlined in the Baylor Genetics Compliance Program7. Emphasis on teamwork and collaboration8. Focus on quality and compliance9. Commitment to excellence in all aspects of the business1 Writes: Remote work opportunity, Daily huddles, Clear objectives, Flexible scheduling10. Baylor Genetics is a clinical genetic testing laboratory that offers a wide range of genetic testing services
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