MEDACTA INTRODUCTION
Medacta is a Swiss-based orthopedic company founded in 1999, renowned for its innovative products and surgical techniques. Notably, they pioneered the Anterior Minimally Invasive Surgery (AMIS) technique for hip replacements, MyKA Kinematic Alignment Platform for knee replacement, and NextAR Augmented Reality Surgical Platform for use in shoulder, spine, and knee procedures. Leveraging their extensive orthopedic expertise, Medacta introduced MySolutions technology, which provides surgeons with highly personalized pre-operative planning and implant placement methodologies. Utilizing advanced personalized kinematic models and 3D planning tools, MySolutions enhances surgical precision in hip, knee, shoulder, and spine procedures. Medacta's blend of orthopedic expertise and cutting-edge technology drives continual advancements in the field, enhancing patient care worldwide.
POSITION SUMMARY
The Senior Cost Accountant is a key employee within the Finance organization responsible for manufacturing cost accounting, inventory accounting, product costing, operational finance analysis, and financial controls supporting the company's Sports Medicine division. This role serves as a strategic business partner to Operations, Manufacturing, Supply Chain, Engineering, Procurement, FP&A, IT, and Executive Leadership to ensure accurate product costing, inventory integrity, manufacturing performance reporting, and operational financial visibility within a highly regulated medical device manufacturing environment.
This position is based on-site in Franklin, TN and reports directly to the Sr. Finance Director.
QUALIFICATIONS
Educational Requirements:
- Bachelor's degree in accounting, Finance, or related field required.
- CMA and/or MBA preferred.
Experience Requirements:
- 5+ years of progressive manufacturing finance and cost accounting experience within a full production manufacturing environment.
- Experience within medical device, highly regulated manufacturing, high-mix/low-volume, engineer-to-order, or precision manufacturing environments preferred.
- Strong experience with manufacturing ERP systems such as Dynamics 365, SAP, Oracle, or similar platforms.
- Advanced experience with inventory accounting, standard costing, variance analysis, and operational finance.
Required Skills and Abilities:
- Strong understanding of GAAP and manufacturing accounting principles.
- Expertise in product costing, inventory valuation, manufacturing financial analysis, and operational reporting.
- Advanced Excel skills required; Power BI, SQL, and reporting/analytics tools preferred.
- Strong analytical, organizational, communication, and problem-solving skills.
- Ability to manage multiple priorities in a fast-paced manufacturing environment.
- Ability to maintain confidentiality and interact effectively with all levels of the organization.
INTERPERSONAL CONTACTS
External: Independent Audit companies, consultants, etc.
Internal: Accounting, Finance, Manufacturing, Engineering, Supply Chain, Procurement, and Operations personnel.
Travel requirements: Periodic travel to Sarasota, FL
Extent of Confidential Information: Company finanical performance through financial statements.
PRINCIPAL DUTIES
Manufacturing Cost Accounting & Inventory Management
- Provide support for all manufacturing accounting activities including inventory accounting, product costing, inventory valuation, manufacturing close activities, journal entries, reconciliations, and financial reporting support.
- Support the accuracy and integrity of standard costing methodologies, cost rollups, bills of material (BOMs), labor rates, routings & overhead allocations.
- Analyze manufacturing variances including labor, material usage, scrap, absorption, and provide actionable insights to operational leadership.
- Support the cycle count programs, inventory reconciliations, and inventory control processes to ensure strong inventory accuracy and transaction discipline.
- Maintain strong internal controls over inventory, manufacturing transactions, and costing processes in compliance with company policies and GAAP.
Operational Finance & Business Partnership
- Partner closely with Manufacturing, Engineering, Supply Chain, Procurement, and Operations leadership to improve cost visibility, operational performance, and financial decision-making.
- Develop and maintain KPI dashboards, finance operational reporting and analytics that improve transparency into profitability, inventory performance, and margin drivers.
- Support budgeting, forecasting, inventory planning, capital investment analysis, and operational business reviews.
- Identify opportunities for cost reduction, process improvement, reporting automation, and margin enhancement across operations.
ERP Systems & Process Improvement
- Serve as the finance subject matter expert for ERP systems related to costing & inventory, transactions within the Sport Medicine Division.
- Drive standardization, data integrity, reporting improvements, and scalable manufacturing finance processes
Compliance, Controls & Audit Support
- Support internal and external audits related to inventory, manufacturing accounting, and operational finance processes.
- Perform other duties as assigned.
- Physical Requirements:
- Sitting: Extended periods at a desk or workstation and air travel.
- Standing and Walking: Occasional movement within the office as well as significant movement in support of educational sessions and sales support needs.
- Lifting and Carrying: Light to moderate lifting of office materials, surgical instrumentation and setup of clinical and sales training sessions.
Additional tasks may require reaching, manual dexterity, and visual acuity.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.