Cost Analysis Manager

Job Description:

As a privately-owned, biopharmaceutical company, Ferring pioneers and delivers life-changing therapies that help people build families and live better lives. Our independence helps us cultivate an entrepreneurial spirit and long-term perspective that enables us to achieve growth and scale, while remaining agile and true to our ‘people first’ philosophy. Built on a 70-year plus commitment to science and research, Ferring is relentless in its pursuit of science that drives powerful discoveries and therapies to help people build families, stay healthy, and stand up to the world’s oldest enemy: disease.

Summary: The Cost Analysis Manager will be responsible for leading Technical Operations financial planning, analysis and reporting including but not limited to the monthly closing process, monthly forecasting and ad-hoc financial analysis locally and with central functions. Other responsibilities include inventory costing, internal controls, transfer price and P&L tracking/monitoring.

Responsibilities:

Period End Closing and Reporting:

• Define Journal entries related to Manufacturing activities (inventory, variances, variance capitalization)
• Perform analytical review
• Perform accounting reconciliation
• Perform Internal Controls
• Analyze manufacturing financial variance
• Determine root drivers for financial variances and explain them as needed

Inventory Management and Validation:

• Perform cost accounting and control
• Inventory reconciliation and reporting
• Obsolescence Analysis and reporting
• Lead Quarterly Inventory counts
• Set standard COPS annually

Audit:

• Support with documentation gathering for Quarterly internal audit assessment
• Support both external and internal audit by providing documentation and explanation on requests.

Strategic Financial & Analysis:

• Responsible for all Financial Planning and Reporting processes including strategic plans, Budgets, Latest estimates, and Monthly/Quarter latest outlook for operational costs as well as ROI analysis on business case analysis.
• Lead preparation of financial planning and analysis related to annual operating plans and support all business planning cycles
• Develop monthly reporting packages and Executive KPI/Performance dashboards focusing on key performance indicators to track financial performance -vs- Budget and support brand marketing strategies.
• Ensure financial results from operations are reported timely, accurately and in compliance with US GAAP/IFRS
• Responsible for Tech ops financial planning and analysis, taxation, and transfer pricing, calculating transfer price for items and provide tax cross charges calculations to verify that profit range is met.
• Collaborate with Finance Director & Business Operations to drive finance discussions with department heads across the organization and provide meaningful and timely financial advice

Requirements:

• Bachelor’s degree or master’s in finance or accounting
• 5-years minimum of experience in Finance/Accounting, 7+ preferred
• Demonstrated understanding of financial and accounting principles and processes
• Manufacturing background, cost accounting, and SAP experience strongly preferred
• CPA or public accounting preferred
• An analytical mindset and be a self-starter, being able to see opportunities and solve problems independently
• Good communication and stakeholder management skills, being able to work with both management and employees in the organization.
• Presenting your views and being challenged
• Work independently with the ability to influence multiple stakeholders.
• Ability to work in decentralized, multinational finance structure
• Ability to set long-term financial targets and sponsor performance improvement projects
• Professional business English (oral and written) as well as local language as required.

Ferring + you  

At Ferring, we offer competitive total compensation along with an exceptional range of flexible benefits, personal support and tailored learning and development opportunities all designed to help you realize your full potential both in life and at work. From working hours that respect your lifestyle, a culture that is welcoming and equitable, and the chance to work with the industry’s most impressive people, these are just some of the ways we live our "People First" philosophy.

Our Compensation and Benefits 

At Ferring, base salary is one part of our competitive total compensation and benefits package and is determined using a salary range. The base salary range for this role is $115,000 to $126,000, which is the reasonable estimate of the base compensation for this role. The actual amount paid may differ based on non-discriminatory factors such as experience, knowledge, skills, abilities, education and primary work location. Additional compensation for this role will be provided based on competitive annual incentive compensation targets in the form of an annual bonus - payouts are based on individual and company performance.

Benefits for this role include comprehensive healthcare (medical, dental, and vision) with a premium differential, inverse to base salary, to be paid by employees, a 401k plan and company match, short and long-term disability coverage, basic life insurance, wellness benefits, reimbursement for certain tuition expenses, 40 hours of sick time, vacation time for full time employees to accrue up to 150 hours in the first four (4) years of employment, and 187.50 hours in the fifth (5th) year of employment as well as 12 to 13 paid holidays per year. We are proud to offer 26 weeks of paid parental leave, learn more about the parental leave offering in our benefits package here. 

Ferring is an equal opportunity employer. All aspects of employment will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local laws. 

Join our team and your voice will be heard, and your contributions will be valued. If you love to come up with new ways to make a positive difference and see them through, you will fit right in.

We are proud to be an Affirmative Action/Equal Opportunity Employer (including Disability/Protected Veterans). We maintain a drug-free workplace.

Location:Roseville, Minnesota