Principal Cost Accountant

Principal Cost Accountant About the Role The Principal Cost Accountant is responsible for overseeing end‑to‑end product costing activities and delivering strategic analysis of product, process, and operational costs. This role ensures the accuracy of costing methodologies, inventory valuation, variance analysis, and financial reporting. It partners closely with operations, supply chain, and executive leadership to drive improved profitability and operational efficiency across manufacturing facilities, distribution centers, and contract manufacturing partners. This is a hybrid role based in Northridge or Puerto Rico (other locations could be considered), requiring a combination of on‑site and remote work to effectively support business operations and cross‑functional collaboration. The position may require up to 10% of domestic and/or international travel to support business needs, stakeholder engagement, and key initiatives. Responsibilities may include the following and other duties may be assigned. Manage and optimize the standard costing system across manufacturing sites, distribution centers (DCs), and contract manufacturing partners, ensuring accurate cost allocation, tracking, and financial reporting. Perform comprehensive cost analysis for products, processes, and operations, including labor, material, and overhead components. Develop, enhance, and maintain cost models supporting commercial products and process changes. Conduct Labor, Burden, and Material (LBM) analysis, including actual vs. standard variance reporting and YoY changes. Oversee Cost of Goods Produced (COGP) and Cost of Goods Sold (COGS) reporting, ensuring accuracy, compliance, and timely execution. Lead daily costing activities for distribution centers, contract manufacturing operations, and the Chengdu site. Manage and coordinate with cross‑functional teams, the annual cost roll‑up process, standard rate updates, and allocation methodologies for material, labor, and overhead to ensure accurate product costing and reporting integrity. Support strategic decision‑making through financial modeling, scenario analysis, and margin impact assessments. Calculate and maintain weighted average LBM for Value Streams products. Develop and execute the global annual revaluation plan. Oversee cost roll reconciliation processes, summarize the impact of cost changes, and collaborate with cross‑functional teams to validate results. Support gross margin reporting and allocation by value stream. Perform Standard Margin analysis, including volume, price, and mix variance. Collaborate closely with cross‑functional and regional stakeholders to support product costing, financial transparency, and cost of goods sold (COGS) reporting. Support ERP & Systems implementations. Required Qualifications Bachelor's degree and 7 years of relevant experience Or, advanced degree and 5 years of relevant experience Physical Job Requirements The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer and communicate with peers and co‑workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. Benefits & Compensation MiniMed offers a competitive salary and flexible benefits package. Salary ranges for U.S (excl. PR) locations (USD): $109,000.00 – $185,000.00. For roles located in California, Seattle WA, Washington DC, Boston MA, and New York City, the salary range is $121,000 – $205,000 USD. Actual compensation may vary based on factors including experience, education, certifications, skills, market conditions, internal equity, and geographic location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others). This position is eligible for a short‑term incentive called the Short Term Incentive (STI). At MiniMed, we are committed to supporting the well‑being and financial security of our employees. Regular employees working 20 or more hours per week are eligible for a robust benefits package, including health, dental, and vision insurance, as well as access to a Health Savings Account, Healthcare Flexible Spending Account, life insurance, long‑term disability leave, and a dependent daycare spending account. In addition, all regular employees enjoy incentive plans, a 401(k) plan with company match, short‑term disability coverage, paid time off and holidays, participation in our Employee Stock Purchase Plan, and access to our Employee Assistance Program. Eligible employees may also benefit from our Non‑qualified Retirement Plan Supplement and Capital Accumulation Plan, subject to IRS minimum earnings requirements. Please note that “regular employees” refers to those who are not temporary staff, such as interns, and some benefits may not apply to employees in Puerto Rico. It is the policy of MiniMed to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, familial status, membership or activity in a local human rights commission, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law. In addition, MiniMed will provide reasonable accommodations for qualified individuals with disabilities. #J-18808-Ljbffr Minimed