Senior Cost Accountant
KARL STORZ SE & Co. KG
At KARL STORZ, we take pride in helping patients through some of the toughest journeys of their lives. We are making contributions that matter. Regardless of your role, you improve patients’ lives every day. The Senior Cost Accountant provides accurate, timely cost accounting and analysis to support manufacturing operations and business decision‑making in a medical device environment. The role is responsible for standard costing, inventory valuation, variance analysis, and cost controls, leveraging SAP to ensure data integrity, compliance, and operational efficiency. Responsibilities include monthly close support, year‑end audit support, and business partnering. Core Responsibilities Support monthly cost accounting close: inventory valuation reporting, journal entries, and reconciliations. Maintain standard costs for raw materials, WIP, and finished goods in SAP. Analyze and communicate manufacturing variances (PPV, labor/overhead absorption, scrap) and partner with operations on corrective actions. Review and recommend improvements to BOM and routing accuracy; collaborate cross‑functionally on ECN‑related cost impacts (Engineering Change Notice). Assist with cost rolls, annual standard cost updates, and revaluation as part of budgeting and standard setting. Identify opportunities for process improvement and automation within SAP cost accounting and reporting workflows. Provide required documentation and analysis to support internal and external audits. Serve as a backup SME for SAP Costing and related areas (Manufacturing/Materials Management). Partner with department leaders to understand cost drivers and variances and support operational goals. Required Bachelor’s degree in Accounting, Finance, or related field 5+ years of accounting experience, including 1+ year in cost accounting within a manufacturing environment Strong working knowledge of standard costing, absorption costing, and inventory accounting, including relevant G/L and financial accounting concepts in a standard cost environment Hands‑on SAP experience (preferred): CO (Production Orders), CK (Material Costing), KP (Activity Costs), and MM (Materials Management) Advanced Excel skills (pivot tables, lookups, and data analytics) Experience in a regulated industry (medical devices or similar) Strong analytical, problem‑solving, and communication skills Knowledge of GAAP Work Model: Hybrid – 3 days per week in office If you’re energized by turning financial complexity into strategic clarity—and want your work to matter—this role offers both impact and growth. Benefits Medical / Dental / Vision including a state‑of‑the‑art wellness program and pet insurance Up to 8 weeks of 100% paid company parental leave; includes maternal/paternal leave, adoption, and fostering of a child 401(k) retirement savings plan providing a match of 60% of the employee’s first 6% contribution (up to IRS limits) Section 125 Flexible Spending Accounts Life, STD, LTD & LTC Insurance We prepay your tuition up to $5,250 per year – tuition pre‑reimbursement Fitness reimbursement of up to $200 annually And much more! MA Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. #J-18808-Ljbffr KARL STORZ SE & Co. KG
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