What are the responsibilities and job description for the Cost Accounting Analyst position at Soni?
A Life Science Cost Accounting Analyst supports biotechnology, pharmaceutical, medical device, and diagnostics companies by analyzing manufacturing, R&D, and supply-chain costs. This role ensures accurate product costing, supports gross margin analysis, and provides insights that help optimize production efficiency and financial performance. It combines cost-accounting rigor with an understanding of life-science manufacturing processes, inventory flows, and regulatory requirements.
Key Responsibilities:
Cost Accounting & Product Costing
Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.
Key Responsibilities:
Cost Accounting & Product Costing
- Maintain and analyze standard costs for raw materials, intermediates, finished goods, and lab supplies.
- Monitor and reconcile manufacturing variances (PPV, labor, overhead, yield, scrap, etc.).
- Conduct cost roll-ups, BOM (bill of materials) validation, and routing analysis.
- Support periodic cost updates and annual standard cost setting.
- Perform monthly inventory reconciliations for raw materials, WIP, and finished goods.
- Partner with manufacturing, supply chain, and quality to track inventory movements and resolve discrepancies.
- Support cycle counts and physical inventory audits.
- Ensure compliance with GAAP/IFRS and internal controls for inventory valuation.
- Prepare and analyze COGS, gross margin, and manufacturing-related KPIs.
- Provide variance analysis between actual, standard, and forecasted manufacturing costs.
- Assist with month-end close activities, journal entries, and account reconciliations.
- Present cost trends, risks, and opportunities to FP&A and operations leadership.
- Collaborate with manufacturing, process engineering, R&D, supply chain, and quality to understand cost drivers.
- Evaluate cost impacts of new product introductions, process changes, and scale-up activities.
- Support capital projects and capacity planning with cost analysis.
- Participate in continuous improvement and Lean/Six Sigma initiatives.
- Ensure cost accounting processes comply with SOX, cGMP, and internal audit requirements.
- Maintain accurate cost documentation for FDA, EMA, or other regulatory audits when manufacturing or R&D data is reviewed.
- Support proper costing and tracking of clinical trial materials when applicable.
Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.
Salary : $80,000 - $90,000