What are the responsibilities and job description for the Senior Cost Accountant position at Karl Storz Endoscopy?
About KARL STORZ
From the operating room to surgery centers-and everywhere in between-KARL STORZ North America is a global leader in medical technology and advanced visualization solutions. We design specialty innovations, smart instruments and devices, integrated ecosystems, and intelligent imaging-to build a more connected, software-enabled operating room.
As an independent, family-owned MedTech company, we ambitiously think in generations instead of quarters to improve patients' lives around the world.
About the Role
We're looking for a detail-oriented and analytical Senior Cost Accountant to help drive financial excellence across our manufacturing operations. In this role, you'll provide critical cost accounting expertise that supports operational decision-making, improves financial accuracy, and strengthens cost controls within a highly regulated medical device environment.
Working closely with Manufacturing, Engineering, Supply Chain, Finance, and Operations, you'll play an integral role in standard costing, inventory valuation, manufacturing variance analysis, and continuous process improvement. This is an excellent opportunity for an accounting professional who enjoys solving complex problems, partnering with the business, and leveraging SAP to improve efficiency and deliver meaningful financial insights.
This role follows a hybrid work schedule: 2 days working from home and 3 days in our Charlton, MA office.
What You'll Do
- Perform monthly cost accounting close activities, including inventory valuation, journal entries, account reconciliations, and financial reporting.
- Maintain and manage standard costs for raw materials, work-in-process (WIP), and finished goods within SAP.
- Analyze manufacturing variances-including purchase price variance (PPV), labor and overhead absorption, and scrap-and partner with Operations to identify root causes and drive corrective actions.
- Review Bills of Materials (BOMs) and manufacturing routings, collaborating with Engineering, Supply Chain, and Manufacturing to evaluate cost impacts of Engineering Change Notices (ECNs).
- Support annual standard cost updates, cost rolls, budgeting activities, and inventory revaluation processes.
- Identify opportunities to improve cost accounting processes, reporting, automation, and SAP functionality.
- Partner with business leaders to better understand cost drivers and provide financial insights that improve manufacturing performance.
- Support internal and external audits by preparing documentation, reconciliations, and financial analysis.
- Develop expertise in SAP Costing, Manufacturing, and Materials Management modules while serving as a backup subject matter expert.
- Ensure accurate inventory accounting and compliance with internal controls and Generally Accepted Accounting Principles (GAAP).
What You Bring
- Bachelor's degree in Accounting, Finance, or a related field.
- 5 years of accounting experience, including at least 1 year of cost accounting experience within a manufacturing environment.
- Strong understanding of standard costing, absorption costing, inventory accounting, and manufacturing financial transactions.
- Hands-on experience with SAP, particularly Cost Accounting (CO), Material Costing (CK), Production Orders, Activity Costs (KP), and Materials Management (MM), strongly preferred.
- Advanced Microsoft Excel skills, including pivot tables, lookups, and financial data analysis.
- Experience working in a regulated manufacturing environment, such as medical devices, pharmaceuticals, or a similar industry.
- Solid understanding of Generally Accepted Accounting Principles (GAAP).
What Will Make You Successful
- You enjoy partnering with operational teams to solve business challenges-not just reporting financial results.
- You naturally look for opportunities to improve processes, automate manual work, and enhance data accuracy.
- You have strong attention to detail while maintaining the ability to see the broader business impact of financial information.
- You're comfortable analyzing large data sets and translating findings into meaningful recommendations.
- You thrive in a collaborative environment and build strong relationships across Finance, Manufacturing, Engineering, and Supply Chain.
- Experience supporting audits and driving continuous improvement initiatives will help you excel in this role.
Why KARL STORZ?
At KARL STORZ, you'll be part of a collaborative finance organization that partners closely with the business to improve operations and support innovation. Your expertise will directly influence manufacturing performance, operational efficiency, and financial decision-making within a global MedTech leader.
As a family-owned company with a long-term vision, we invest in our people, embrace continuous improvement, and empower employees to make meaningful contributions that ultimately improve patient care around the world.
Ready to make an impact? Apply today to become our next Senior Cost Accountant and help build the future of MedTech with KARL STORZ.
KSEA provides equal employment opportunities (EEO) to all applicants without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, KSEA complies with applicable state and local laws governing non-discrimination in employment.