Cost Accountant

Company: Ultima Genomics
Location: Newark
Posted on: June 19, 2022

Job Description:

Rapidly growing life sciences technology companyUltima Genomics is a rapidly growing company that is developing ground-breaking genomics technologies. Our mission is to continuously drive the scale of genomic information to enable unprecedented advances in biology and improvements in human health. We have developed a foundational new approach to sequencing at scale that overcomes limitations due to the high costs of current technologies. We are well-funded and have raised approximately $600 million from global top-tier investors. Our team brings together unique and diverse expertise across multiple disciplines, from healthcare and life sciences, to engineering, to technology and software and beyond. We are a collaborative group of more than 350 employees, including successful entrepreneurs, chemists, hardware and software engineers, genomics and biotechnology experts, molecular and computational biologists, software and algorithm experts, and operations and commercial leaders. Join us to develop and commercialize technologies that unleash the power of genomics at scale and empower the future of human health.We are looking for a highly motivated Cost Accountant to join our team!Advance and expand your career in a rapid growing Biotech company! We are looking for a cost accountant to perform daily accounting tasks that will support our accounting team. General responsibilities include performing transactions and analysis for inventory items and assisting with month-end closing procedures. This position will work collaboratively with other accounting team members and across functionally with Supply Chain and Production/Operations.How You'll Contribute

• Perform account reconciliations over inventory and related cost accounts
• Review work orders and work order/manufacturing variances
• Review, analyze, and report on labor and overhead costs
• Review and monitor inventory adjustments for appropriateness
• Account for inventory obsolescence and write-offs by working closely with Operations and other stakeholders
• Participate in other month-end and year-end closing activities including journal entries and reserve analyses
• Assist the development of inventory and cost processes, policies, and internal controls
• Review and analyze fluctuations in average cost
• Assist in cost accounting's collaboration with financial planning & analysis (FP&A) and other stakeholders to develop product costing and costing forecasts
• Assist in cost accounting's collaboration with Operations to improve processes and other reporting and analysis
• Participate in the upgrade and implementation of accounting and operations system/software
• Assist in the company's annual financial statements audit and other audits/due diligence efforts as needed by addressing audit requests and preparing supporting documentation for audit purposes upon request
• Assist in various administrative and operations matters / other projects as assigned based on business needs Qualifications, Skills, Knowledge & Abilities
  • Bachelor's Degree in Accounting, Finance, or related field. CPA is a plus
  • 5 years of accounting experience with a minimum of 2 years in cost accounting strongly preferred. Cost accounting experience in semi-conductor manufacturing industry is a plus
  • Strong working knowledge of US GAAP and operational accounting processes
  • Strong knowledge and practical work experience with the Microsoft Office Suite (Advanced Excel skills)
  • Must have great organizational and analytical skills. Be detail-oriented with focus on accuracy
  • Must be able to work in a fast-paced, often high-pressure environment, with proven ability to maintain composure
  • Ability to work independently and manage multiple tasks, prioritize, and adhere to tight deadlines
  • Ability to maintain confidentiality
  • A proactive thinker with a desire to initiate and implement process improvements; be creative and not afraid of building things from scratch
  • Team player and solid communicator (written and verbal skills); strong interpersonal skills including conscientiousness, diplomacy, flexibility, and dependability; be able to interact with cross-functional teams
  • Trustworthy, positive, energetic, optimistic attitude with a willingness to roll up your sleeves; most importantly, a good sense of humor!
    #HPWe provide equal employment opportunity for all applicants and employees. We do not discriminate on the basis of race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), gender identity, gender expression, national origin, ancestry, citizenship, age, physical or mental disability, military or veteran status, marital status, domestic partner status, sexual orientation, genetic information, or any other basis protected by applicable laws.

Keywords: Ultima Genomics, Newark , Cost Accountant, Accounting, Auditing , Newark, California