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Finance Manager - Contract Manufacturing (Hybrid - Acton, MA)

$101.2k - $151.75k

Insulet Corporation - OmniPod

Job SummaryWe are seeking a results-driven and analytical Finance Manager to oversee financial reporting and analysis and accounting transactions related to our third-party contract manufacturing (CMO). The area of responsibility covers manufacturing operations in China and across the supply base where consigned inventories or other Insulet assets are used at 3rd party vendors. This role will work closely with the Supply Chain Organization and related finance support resources focused on accounting treatments and best practice implementation. This role is responsible for monitoring costs, managing inventory analysis and reporting, supporting contract execution and negotiations, and ensuring financial transparency and compliance. The CMO Manager will also assist in developing new contract manufacturing activities and relationships for future expansion. This role will also provide support to the global quality organization related to forecasting and expense management. This is a global role within a fast-growing medical device company, requiring strong cross-functional collaboration and business acumen. Position SummaryWe are seeking a results-driven and analytical Finance Manager to oversee financial reporting and analysis and accounting transactions related to our third-party contract manufacturing (CMO). The area of responsibility covers manufacturing operations in China and across the supply base where consigned inventories or other Insulet assets are used at 3rd party vendors. This role will work closely with the Supply Chain Organization and related finance support resources focused on accounting treatments and best practice implementation. This role is responsible for monitoring costs, managing inventory analysis and reporting, supporting contract execution and negotiations, and ensuring financial transparency and compliance. The CMO Manager will also assist in developing new contract manufacturing activities and relationships for future expansion. This role will also provide support to the global quality organization related to forecasting and expense management. This is a global role within a fast-growing medical device company, requiring strong cross-functional collaboration and business acumen.Key ResponsibilitiesFinancial Reporting & AnalysisLead monthly financial close activities for contract manufacturing (CMO), including inventory accruals, reconciliations, cost updates and variance analysis.Drive simplicity and efficiency into monthly activities and transactions to reduce the time and effort required to accurately close the general ledgers.Prepare and present financial reports on CMO and site performance, including cost trends, inventory levels, and margin impacts.Analyze actual vs. forecasted results and provide insights to support operational and strategic decisions.Develop and maintain dashboards and KPIs to monitor financial performance across both third-party and internal manufacturing.Support the development of the annual budget and quarterly forecasts related to operational variances, local spending (where applicable) and inventory fluctuations.Support of Operational Quality departments related to forecasting and variance analysis.Cost Management & Inventory OversightTrack and analyze manufacturing costs, including material, labor, overhead, and logistics associated with third-party and Irvine operations.Monitor inventory levels at CMO sites, the Irvine facility, and specific consigned inventories at vendor locations, ensuring accurate valuation, inventory controls, and reporting.Partner with supply chain and operations teams to optimize inventory turns and reduce unplanned excess or obsolete stock.Ensure compliance with internal controls and accounting standards related to inventory and cost of goods sold.Support and maintain compliance with Sarbanes-Oxley (SOX) requirements, including documentation and testing of key controls.Collaborate with internal audit and external auditors to facilitate reviews and implement corrective actions as needed.Provide guidance and support related to related transactional flows within the Insulet ERP system, including the design and recognition of earned overhead absorption.Ensure compliance and execution of CMO contract terms and business agreements within our internal accounting processes.Compliance audits related to fixed assets located at remote CMO facilities.Contract Support & Business PartnershipSupport contract negotiations with CMOs by providing financial modeling, cost benchmarking, and scenario analysis.Collaborate with procurement, legal, and operations teams to evaluate commercial terms, supply chain strategies and financial implications.Serve as the finance lead for CMO and supporting the Irvine site regarding relationship management, ensuring alignment on performance metrics and cost expectations.Identify and drive opportunities for cost savings and operational efficiency.QualificationsBachelor’s degree in Finance, Accounting, or related field (CPA, CMA, or MBA preferred).8+ years of experience in financial analysis, cost accounting, or operations finance, preferably in a manufacturing and/or CMO environment.Strong understanding of manufacturing and supply chain processes/flows as well as related cost structures, inventory accounting, and supply chain finance.Proficiency in ERP systems (SAP, Oracle, or similar) and advanced Excel skills.Excellent analytical, communication, and business partnering skills.Ability to manage multiple priorities and work cross-functionally in a fast-paced, global environment.Preferred SkillsExperience working with third-party manufacturers or outsourced production models.Familiarity with contract review/implementation and financial risk assessment.Knowledge of standard costing, variance analysis, and inventory reconciliation.Experience with data visualization and analysis tools (e.g., Power BI, Tableau, Alteryx).NOTE: This position is eligible for hybrid working arrangements and requires on-site work from an Insulet office. #LI-HybridAdditional Information: Compensation & Benefits: For U.S.-based positions only, the annual base salary range for this role is $101,200.00 - $151,750.00 This position may also be eligible for incentive compensation. We offer a comprehensive benefits package, including:

  • Medical, dental, and vision insurance
  • 401(k) with company match
  • Paid time off (PTO)
  • And additional employee wellness programs
Application Details: This job posting will remain open until the position is filled. To apply, please visit the Insulet Careers site and submit your application online. Actual pay depends on skills, experience, and education.Insulet Corporation (NASDAQ: PODD), headquartered in Massachusetts, is an innovative medical device company dedicated to simplifying life for people with diabetes and other conditions through its Omnipod product platform. The Omnipod Insulin Management System provides a unique alternative to traditional insulin delivery methods. With its simple, wearable design, the tubeless disposable Pod provides up to three days of non-stop insulin delivery, without the need to see or handle a needle. Insulet’s flagship innovation, the Omnipod 5 Automated Insulin Delivery System, integrates with a continuous glucose monitor to manage blood sugar with no multiple daily injections, zero fingersticks, and can be controlled by a compatible personal smartphone in the U.S. or by the Omnipod 5 Controller. Insulet also leverages the unique design of its Pod by tailoring its Omnipod technology platform for the delivery of non-insulin subcutaneous drugs across other therapeutic areas. For more information, please visit insulet.com and omnipod.com.We are looking for highly motivated, performance-driven individuals to be a part of our expanding team. We do this by hiring amazing people guided by shared values who exceed customer expectations. Our continued success depends on it!At Insulet Corporation all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.(Know Your Rights)SummaryLocation: Acton, MassachusettsType: Full time

Vacancy posted 4 days ago
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