COSI Costing Senior Specialist
Merck, Rahway, NJ, United States
Position Description
This position is part of the COSI (Cost of Sales & Inventory) organization, which performs end-to-end activities of accounting for units of inventory all through the supply chain. In this role the Senior Specialist will be responsible for maintaining, reviewing, reporting and analyzing inventory, intercompany profit, production and product cost data to support the monthly accounting close and management cycles for one or multiple plants.
Responsibilities
Maintain and create product cost according to US GAAP rules.
Control, analyze and report production results and source-to-settle variances monthly to business partners, providing high‑level commentary and estimates for recurring events to major stakeholders.
Review and ensure accurate data is reported per plant in monthly product cost and inventory.
Analyze and resolve in‑transit inventory in a timely manner, identifying the driver of inventory remaining in‑transit and partnering with parties to resolve.
Analyze consolidated costs and intercompany profit differences.
Identify and work on initiatives that improve cost control and/or increase efficiency.
Continue to meet the S404 requirements, updating documentation and performing/enhancing existing controls.
Analyze standard revision on a global level by plant and ensure appropriate accounting is performed from a local and global perspective.
Address entity/divisional customer inquiries on a variety of data and system issues and provide accurate financial data.
Prepare annual profit plan for assigned plants and products and idle capacity analysis.
Participate in special and ad‑hoc projects to support management analysis and provide ad‑hoc support to business partners.
Openly share and mentor experiences with peers to broaden knowledge and increase efficiency.
Qualifications
Bachelor of Arts / Science degree or equivalent in Finance, Accounting, Business Administration or Economics.
Minimum 3–5 years of relevant finance experience, preferably in a manufacturing environment.
Preferred Experience and Skills
Experience with analysis of production within a financial system, SAP preferred.
Previous practical experience preparing accounts in accordance with US GAAP.
SAP knowledge, preferred.
Strong Excel skills.
FSA/Analysis‑for‑Office knowledge, preferred.
Organized with good analytical skills.
Team player with a strong improvement mindset.
Innovative and adaptive.
Ability to work under pressure and meet deadlines.
Requirements As an Equal Employment Opportunity Employer, we provide equal opportunities to all employees and applicants for employment and prohibit discrimination on the basis of race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or other applicable legally protected characteristics. As a federal contractor, we comply with all affirmative action requirements for protected veterans and individuals with disabilities. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit EEOC Know Your Rights and EEOC GINA Supplement.
Compensation The salary range for this role is $87,300.00 – $137,400.00. The successful candidate will be eligible for an annual bonus and long‑term incentive, if applicable.
Benefits We offer a comprehensive package of benefits. Available benefits include medical, dental, vision healthcare and other insurance benefits (for employee and family), retirement benefits including 401(k), paid holidays, vacation, and compassionate and sick days. More information about benefits is available at https://jobs.merck.com/us/en/compensation-and-benefits.
Work Arrangement Effective September 5, 2023, employees in office‑based positions in the U.S. will be working a hybrid model consisting of three total days on‑site per week, Monday – Thursday, with Friday designated as a remote‑working day unless business‑critical tasks require an on‑site presence.
Location US and Puerto Rico residents only.
Technical Requirements
Travel requirements: 10%
Job Posting End Date
A job posting is effective until 11:59:59 PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.
Contact Applications can be submitted through https://jobs.merck.com/us/en or via the Workday Jobs Hub if you are a current employee.
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Responsibilities
Maintain and create product cost according to US GAAP rules.
Control, analyze and report production results and source-to-settle variances monthly to business partners, providing high‑level commentary and estimates for recurring events to major stakeholders.
Review and ensure accurate data is reported per plant in monthly product cost and inventory.
Analyze and resolve in‑transit inventory in a timely manner, identifying the driver of inventory remaining in‑transit and partnering with parties to resolve.
Analyze consolidated costs and intercompany profit differences.
Identify and work on initiatives that improve cost control and/or increase efficiency.
Continue to meet the S404 requirements, updating documentation and performing/enhancing existing controls.
Analyze standard revision on a global level by plant and ensure appropriate accounting is performed from a local and global perspective.
Address entity/divisional customer inquiries on a variety of data and system issues and provide accurate financial data.
Prepare annual profit plan for assigned plants and products and idle capacity analysis.
Participate in special and ad‑hoc projects to support management analysis and provide ad‑hoc support to business partners.
Openly share and mentor experiences with peers to broaden knowledge and increase efficiency.
Qualifications
Bachelor of Arts / Science degree or equivalent in Finance, Accounting, Business Administration or Economics.
Minimum 3–5 years of relevant finance experience, preferably in a manufacturing environment.
Preferred Experience and Skills
Experience with analysis of production within a financial system, SAP preferred.
Previous practical experience preparing accounts in accordance with US GAAP.
SAP knowledge, preferred.
Strong Excel skills.
FSA/Analysis‑for‑Office knowledge, preferred.
Organized with good analytical skills.
Team player with a strong improvement mindset.
Innovative and adaptive.
Ability to work under pressure and meet deadlines.
Requirements As an Equal Employment Opportunity Employer, we provide equal opportunities to all employees and applicants for employment and prohibit discrimination on the basis of race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or other applicable legally protected characteristics. As a federal contractor, we comply with all affirmative action requirements for protected veterans and individuals with disabilities. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit EEOC Know Your Rights and EEOC GINA Supplement.
Compensation The salary range for this role is $87,300.00 – $137,400.00. The successful candidate will be eligible for an annual bonus and long‑term incentive, if applicable.
Benefits We offer a comprehensive package of benefits. Available benefits include medical, dental, vision healthcare and other insurance benefits (for employee and family), retirement benefits including 401(k), paid holidays, vacation, and compassionate and sick days. More information about benefits is available at https://jobs.merck.com/us/en/compensation-and-benefits.
Work Arrangement Effective September 5, 2023, employees in office‑based positions in the U.S. will be working a hybrid model consisting of three total days on‑site per week, Monday – Thursday, with Friday designated as a remote‑working day unless business‑critical tasks require an on‑site presence.
Location US and Puerto Rico residents only.
Technical Requirements
Travel requirements: 10%
Job Posting End Date
A job posting is effective until 11:59:59 PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.
Contact Applications can be submitted through https://jobs.merck.com/us/en or via the Workday Jobs Hub if you are a current employee.
#J-18808-Ljbffr