Talent.com
Cost Accounting Analyst

Cost Accounting Analyst

Soni ResourcesWorcester, MA, United States
7 hours ago
Job type
  • Full-time
Job description

A Life Science Cost Accounting Analyst supports biotechnology, pharmaceutical, medical device, and diagnostics companies by analyzing manufacturing, R&D, and supply-chain costs. This role ensures accurate product costing, supports gross margin analysis, and provides insights that help optimize production efficiency and financial performance. It combines cost-accounting rigor with an understanding of life-science manufacturing processes, inventory flows, and regulatory requirements.

Key Responsibilities :

Cost Accounting & Product Costing

  • Maintain and analyze standard costs for raw materials, intermediates, finished goods, and lab supplies.
  • Monitor and reconcile manufacturing variances (PPV, labor, overhead, yield, scrap, etc.).
  • Conduct cost roll-ups, BOM (bill of materials) validation, and routing analysis.
  • Support periodic cost updates and annual standard cost setting.

Inventory Accounting

  • Perform monthly inventory reconciliations for raw materials, WIP, and finished goods.
  • Partner with manufacturing, supply chain, and quality to track inventory movements and resolve discrepancies.
  • Support cycle counts and physical inventory audits.
  • Ensure compliance with GAAP / IFRS and internal controls for inventory valuation.

    • Financial Reporting & Analysis

  • Prepare and analyze COGS, gross margin, and manufacturing-related KPIs.
  • Provide variance analysis between actual, standard, and forecasted manufacturing costs.
  • Assist with month-end close activities, journal entries, and account reconciliations.
  • Present cost trends, risks, and opportunities to FP&A and operations leadership.

    • Operational & Cross-Functional Support

  • Collaborate with manufacturing, process engineering, R&D, supply chain, and quality to understand cost drivers.
  • Evaluate cost impacts of new product introductions, process changes, and scale-up activities.
  • Support capital projects and capacity planning with cost analysis.
  • Participate in continuous improvement and Lean / Six Sigma initiatives.

    • Compliance & Regulatory

  • Ensure cost accounting processes comply with SOX, cGMP, and internal audit requirements.
  • Maintain accurate cost documentation for FDA, EMA, or other regulatory audits when manufacturing or R&D data is reviewed.
  • Support proper costing and tracking of clinical trial materials when applicable.

    • Compensation : $80,000 to $90,000 annually

    Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.

    Create a job alert for this search

    Cost Accounting Analyst • Worcester, MA, United States