Senior Manager, Cost Accounting

Full job description
Sumitomo Pharma Co., Ltd. is a global pharmaceutical company based in Japan with key operations in the U.S. (Sumitomo Pharma America, Inc.), Canada (Sumitomo Pharma Canada, Inc.) and Europe (Sumitomo Pharma Switzerland GmbH) focused on addressing patient needs in oncology, urology, women's health, rare diseases, psychiatry neurology, and cell gene therapies. With several marketed products in the U.S., Canada, and Europe, and a diverse pipeline of early- to late-stage assets, we aim to accelerate discovery, research, and development to bring novel therapies to patients sooner. For more information on SMPA, visit our website
https://www.us.sumitomo-pharma.com
Job Duties and Responsibilities
Actively participate in the month end close process, including inventory balance and activity adjustments and reconciliation.
Assist with inventory control preparation, design, and monitoring.
Maintain collaborative relationships with business partners including manufacturing, quality, technical operations, and accounting peers to facilitate the inventory and cost accounting process.
Manage overhead product capitalization and allocations.
Collaborate with FPA to complete and submit timely forecasts, annual budgets, for production volumes, purchases, CMO cost, and COGS.
Intercompany reconciliation and invoicing, including product cost transfer pricing.
Support quarterly and annual audit PBC list request.
Perform inventory and cost accounting monthly balance sheet reconciliations.
Partner with the manufacturing organization to reconcile CMO inventory reports to SAP inventory balances and activity.
Reconcile SAP to Oracle trial balances and generate correcting journal entries when required.
Analyze weighted average costs and review cost rollups for products and production operations.
Collaborate with supply chain to analyze inventory for possible excess and obsolete reserves.
Prepare ad hoc reports, perform research on cost accounting questions and contribute to projects, as needed.
Identify opportunities and develop new processes for increased productivity, efficiency and continuous process improvement.
Key Core Competencies
Strong cross-functional collaboration skills.
Appetite to learn about the business areas supported and how the financials tie into the strategy.
Ability to work within a team, sharing ideas for best practices and process improvements.
Ability to present results to multiple levels of the TQ and Finance organizations in a clear and concise manner.
Strong critical thinking skills, especially related to financial system integration.
Exceptional people skills, able to establish strong rapport and partnerships at all levels of the organization.
Ability to work independently under general guidance, take initiative and complete tasks to deadlines.
Ability to spot and deliver improvements.
Education and Experience
Bachelor’s degree in finance or accounting.
Cost Accounting Reporting experience.
Advanced expertise in SAP and Oracle.
Minimum 4 – 8 (w/o Master’s) or 2 – 4 years (with Master’s) years of relevant experience in biotech or pharmaceutical industry preferred.
The base salary range for this role is $127,360 to $159,200. Base salary is part of our total rewards package which also includes the opportunity for merit-based salary increases, short incentive plan participation, eligibility for our 401(k) plan, medical, dental, vision, life and disability insurances and leaves provided in line with your work state. Our robust time-off policy includes flexible paid time off, 11 paid holidays plus additional time off for a shut-down period during the last week of December, 80 hours of paid sick time upon hire and each year thereafter. Total compensation, including base salary to be offered, will depend on elements unique to each candidate, including candidate experience, skills, education and other factors permitted by law.
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Confidential Data: All information (written, verbal, electronic, etc.) that an employee encounters is considered confidential.
Compliance: Achieve and maintain Compliance with all applicable regulatory, legal and operational rules and procedures, by ensuring that all plans and activities for and on behalf of Sumitomo Pharma America (SMPA) and affiliates are carried out with the "best" industry practices and the highest ethical standards.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Mental/Physical Requirements: Fast paced environment handling multiple demands. Must be able to exercise appropriate judgment as necessary. Requires a high level of initiative and independence. Excellent written and oral communication skills required. Requires ability to use a personal computer for extended periods of time.
Sumitomo Pharma America (SMPA) is an
Qualified applicants will receive consideration for employment without regard to race; color; creed; religion; national origin; age; ancestry; nationality; marital, domestic partnership or civil union status; sex, gender; affectional or sexual orientation; disability; veteran or military status or liability for military status; domestic violence victim status; atypical cellular or blood trait; genetic information (including the refusal to submit to genetic testing) or any other characteristic protected by law.

Our Vision and Culture

At Sumitomo Pharma America, our work is guided by the Sumitomo Pharma mission, vision and values, which tie closely to our company’s cultural pillars.
Our Mission
To broadly contribute to society through value creation based on innovative research and development activities for the betterment of healthcare and fuller lives of people worldwide
Our Vision
For Longer and Healthier Lives, we unlock the future with cutting edge technology and ideas
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