Job Description
General Summary:
The Cost Accounting Senior Manager focuses on accounting, analysis and reporting for inventory movements, reserves, and cost of goods. This is a broad role with duties that relate to cost and inventory accounting valuation analysis and internal controls. The Senior Manager will work closely with various teams across the global organization, including Accounting, Finance, Supply Chain, Commercial, GIS, and R&D Project Teams.
Key Duties and Responsibilities:
- Has process oversight of assessing inventory for excess and obsolescence reserves and other key judgements.
- Works closely with the Supply Chain Team to understand production schedules, contracts, inventory movements and other supply chain matters in order to ensure inventory is fairly stated on the balance sheet.
- Participates in the month-end close processes, including preparing/reviewing journal entries and balance sheet reconciliations.
- Maintains and helps develop accounting policies and procedures with respect to inventory and inventory related accounting.
- Provides technical guidance to ensure consistent application of cost accounting principles across the organization.
- Monitors, measures and refines KPI's, metrics and operational performance measurements.
- Assists with the coordination and deliverables for quarterly reviews and annual audits performed by internal and external auditors
- Prepares ad-hoc reporting and analyses, and assists teams with research on cost accounting questions and with special projects as requested.
- Helps identify and lead process and systems improvement initiatives.
- Balances financial and business needs when making operational and transactional decisions.
- Ensures SOX compliance for responsible area, including implementing improvements to improve the efficiency of current controls.
- May lead cross-functional projects and process enhancements.
- Conducts physical inventory counts as needed.
- Communicates company’s policies/practices to other departments. Maintains documents and existing and new functional SOPs. Performs technical research, interprets technical literature, presents technical options.
Knowledge and Skills:
- Strong understanding of accounting principles and how they apply to pharmaceutical manufacturing.
- Advanced proficiency in the use and understanding of the systems and tools required.
- Advanced Excel skills and use of Oracle EBS, or similar ERP systems.
- Ability to identify process inefficiencies and build recommended solutions through automation and/or repeatable processes.
- Strong communication and organizational skills. Understands the relationship of the data and analysis with the message to be delivered. Conducts meetings and/or responds to business partner inquiries in a professional and informative manner. Can facilitate discussion with customers to define requirements and needs, and can manage expectations on information available and timing.
- Communicates effectively and seeks input from others when appropriate. Solves advanced problems elevated from less senior colleagues, elevating complex issues as appropriate.
- Understands how the work of the team affects the achievement of area goals and objectives.
- Proven ability to multi-task and work independently in a challenging fast paced environment. Holds self accountable for delivering on objectives and commitments.
- CPA or related certification and/or advanced degree is a plus
Education and Experience:
- Bachelor's degree in Accounting or Finance, or related discipline.
- Typically requires 6 years of experience in a corporate finance/accounting department or public accounting firm or the equivalent combination of education and experience.
Pay Range:
$124,000 - $186,000
Disclosure Statement:
The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is eligible for an annual bonus and annual equity awards. Some roles may also be eligible for overtime pay, in accordance with federal and state requirements. Actual base salary pay will be based on a number of factors, including skills, competencies, experience, and other job-related factors permitted by law.
At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations. From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.
Flex Designation:
Hybrid-Eligible Or On-Site Eligible
Flex Eligibility Status:
In this Hybrid-Eligible role, you can choose to be designated as:
1. Hybrid: work remotely up to two days per week; or select
2. On-Site: work five days per week on-site with ad hoc flexibility.
Note: The Flex status for this position is subject to Vertex’s Policy on Flex @ Vertex Program and may be changed at any time.
#LI-Hybrid
Company Information
Vertex is a global biotechnology company that invests in scientific innovation.
Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.
Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at ApplicationAssistance@vrtx.com