About Pacira
Pacira BioSciences, Inc. is a leading provider of non-opioid pain management and regenerative health solutions dedicated to improving outcomes for health care practitioners and their patients. Our in-depth knowledge of non-opioid pain management, coupled with our passion for advancing patient care, drives our commitment to providing solutions that address unmet medical needs and improve clinical results.
Why work with us?
Rarely do you have an opportunity to do work that really matters. What drives us is our mission. What makes us successful are our people. At Pacira, you are part of an inclusive culture that fosters collaboration, growth, and innovative thinking - a place where you can make an impact and help change the standard of care in non-opioid pain management. Be part of our movement, let’s pursue excellence together.
Summary: The Sr. Cost Accountant will be responsible for CMO site accounting including cost and inventory accounting, fixed assets, departmental accruals, and monthly close activities. This position will provide timely, accurate and relevant financial information and ensure insights are provided to the business.
Essential Duties & Responsibilities:
The following statements are intended to describe the general nature and level of work being performed by an individual assigned to this job. Other duties may be assigned.
- Perform CMO monthly product costing and inventory accounting close including but not limited to:
- Prepare month-end journal entries and account reconciliations for inventory
- Determine inventory reserves and document conclusions
- Prepare balance sheet analytics for appropriate accounts
- Prepare documentation including trends, variance analysis, spend by department, and analysis of budget versus actual
- Prepare detailed margin analytics, product costs and key performance indicators with explanations of business drivers
- Timely report on manufacturing variances including material, labor and overhead variances and product costing actual versus forecast
- Interact with external and internal auditors, prepare, and provide documentation for annual audits and SOX
- Perform CMO product costing and inventory accounting including but not limited to:
- Standard cost development
- Annual inventory counts
- Implement any necessary system changes related to inventory sub-ledger
- Subject matter expert for general ledger costing and inventory
- Collaborate with Supply Chain to ensure proper set up in system (Store codes, BOM, Part ID's, etc.)
- Develop and document policies and procedures for monthly inventory system close
- Serve as the Finance liaison with CMO and Pacira management
- Review bill-backs from our contract manufacturer(s)
- Facilitate dispute resolutions
- Train the business on financial inventory policies and procedures
- Provide support on business decisions by performing financial analysis
- Maintain and Monitor inventory intercompany process, which includes maintaining transfer prices for intercompany sales, monitoring inventory activity to ensure proper elimination of intercompany transactions, and preparing eliminations entries as necessary
- Participate in the annual audit and inventory counts, ensuring adherence to finance and accounting policies consistent with GAAP and SEC requirements and compliance with SOX 404 standards
- Other ad hoc analysis / projects as deemed appropriate
Supervisory Responsibilities: No supervisory responsibilities
Interaction:
Travel estimated at 5%
Education and Experience:
- Bachelor’s degree in accounting/finance from accredited college or university, CPA, or MBA a plus
- Minimum of 3 years of related experience in Finance or Accounting, including cost accounting experience
- Process Manufacturing and/or Pharmaceuticals is a plus
Knowledge, Skills, and Abilities:
- General accounting principles and the preparation and implementation of accounting policies, systems, and procedures
- GAAP and SOX with an understanding of internal accounting controls and preparing and implementing accounting controls and procedures
- Cost and Inventory Accounting
- Demonstrated analytical abilities
- Excellent oral and written English communication skills
- Experience working in a fast-paced environment
- Flexibility regarding working hours to allow for UK time differences
- Proven ability to manage multiple projects, set priorities and meet deadlines
High proficiency in MS Office including Excel (expert level), Word, Power Point
Benefits:
- Medical, Prescription, Dental, Vision Coverage
- Flexible Spending Account & Health Savings Account with Company match
- Employee Assistance Program
- Mental Health Resources
- Disability Coverage
- Life insurance
- Critical Illness and Accident Insurance
- Legal and Identity Theft Protection
- Pet Insurance
- Fertility and Maternity Assistance
- 401(k) with company match
- Flexible Time Off (FTO) and 11 paid holidays
- Paid Parental Leave
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