Cost Accounting Manager

Position Location US-CA-Rancho Santa Margarita



Applied Medical, a progressive medical device developer, manufacturer and distributor, invites exceptional individuals to pursue careers in our innovative organization.  If you would like to be a part of one of the fastest growing and most innovative companies in the medical device field, then Applied Medical is the place for you.  Applied’s team members enjoy an environment that allows opportunity for growth and choice in individual career paths as team members develop their skills, training and business knowledge.  Our common goal of improving healthcare through meeting the needs of clinicians and patients is achieved through the dynamics of our team and its universal dedication to improved patient outcome. 

Position Description

As a Cost Accounting Manager, you will be responsible for working within the framework of a team and performing the following activities:

  • Manage the monthly, quarterly, and annual financial closing process for the costing and inventory modules and ensure accuracy of various system and manually generated transactions/entries
  • Prepare and review various inventory and cost accounting entries and account reconciliations
  • Provide fluctuation analysis explanations for various components of worldwide gross margins for both domestic operations and foreign subsidiaries
  • Review manufacturing variances and work with operations teams to reduce these variances
  • Provide accurate and timely inventory and costing reports to the operations teams in order to support the company’s continuous improvement approach
  • Analyze standard costs and review the standard cost roll-ups for new products and new production operations and investigate/resolve large variances prior to finalization of rolling standards
  • Work with operations teams to analyze inventory for potential excess and obsolete reserves and make related entries in accordance with the company’s policies
  • Interact with internal/external auditors and provide various analysis and audit schedules and work to ensure compliance with all internal control procedures
  • Provide management oversight to the cost accounting team, on a daily basis, and provide timely informal feedback and coaching
  • Provide ongoing performance monitoring through the creation of annual reviews

Position Requirements

This position requires the following skills and attributes:

  • 4 year degree in Accounting or Finance (with emphasis in Accounting)
  • Minimum 5-7 years of experience using a “standard cost” model in a manufacturing industry
  • Comprehensive understanding of manufacturing variances, overhead absorption and standard costs
  • Detailed experience with inventory and COGS accounts reconciliations and related accounting
  • Experience with month-end closing and working in a fast paced environment
  • Excellent computer skills including advanced MS Excel (e.g. Pivot Tables, V-LookUps, data merges, filters, and if statements) and MS Word experience
  • Excellent written and verbal communication skills and ability to communicate with a variety of other functional areas including operations, material planning and warehouse teams
  • A minimum of 2-3 years of hands-on management experience including overseeing and supervising cost accounts
  • Experience with inventory cycle count process


The following skills and attributes are preferred:

  • Strong preference for those experience with SAP software


  • Training and mentorship with ongoing learning and development courses
  • On-campus wellness activities
  • Comprehensive medical and dental and vision coverage
  • Education reimbursement program
  • 401(k) program with discretionary employer match
  • Generous vacation accrual and paid holiday schedule


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