Principal Cost and Inventory Accountant

Job Title
Principal Cost and Inventory Accountant
Location(s)
Lafayette

About Us

Revvity is a developer and provider of end-to-end solutions designed to help scientists, researchers, and clinicians solve the world's greatest health challenges. We pair the enthusiasm of an industry disruptor with the experience of a longtime leader. Our team of 11,000+ colleagues from around the globe are vital to our success and the reason we're able to push boundaries in pursuit of better human health.


Find your future at Revvity


Overview:

We are seeking a detail-oriented Senior Cost & Inventory Accountant to join our dynamic finance team at Revvity's Lafayette operations. This critical role offers the opportunity to drive financial excellence across our innovative Dharmacon Inc. and BIOO business units while partnering with cross-functional teams to optimize manufacturing operations. This is a hybrid role based at our Lafayette site.


As a key member of our accounting organization, you'll take ownership of complex inventory accounting processes, manage global royalty operations, and serve as a trusted financial advisor to our manufacturing teams. This position is ideal for an experienced accounting professional looking to make a meaningful impact in the life sciences industry while advancing their career with a leading global company.


Role Overview:

As the Senior Cost Accountant, you will take full ownership of all inventory accounting operations under ASC 330 for both the Dharmacon Inc. and BIOO business units, ensuring financial accuracy and operational excellence. This role includes managing local ledger entries, product BOM standard costing, variance analysis, Cycle Counts, and Excess & Obsolescence tracking management. You'll deliver timely, precise financial data while leading robust inventory controls.


Beyond technical accounting expertise, you'll champion cross-functional collaboration and continuous process improvement, delivering strategic financial analysis that supports the success of Lafayette operations.


You'll also oversee our global supplier royalty program: calculating, validating, and initiating payments for Dharmacon and BIOO sales worldwide ensuring compliance and strong vendor partnerships.


As a trusted finance business partner to Manufacturing Operations, you'll provide critical financial oversight and actionable insights that drive performance (Actual, AOP, Forecast), efficiency, and data-informed decision-making across our manufacturing network on key indicators such as HC, OPEX, CAPEX, and Spending


Job Responsibilities:


Core Inventory Accounting

• Account for inventory under ASC 330 for two businesses located in Lafayette, Colorado
• Oversee comprehensive inventory accounting, including scrap management, cycle count coordination, and reserve calculations for Lafayette manufacturing operations
• Interact and work with the operations teams in Lafayette, Colorado
• Interact with controlling teams in the UK and Poland for posting entries
• Manage relationships with external service providers supporting inventory accounting functions, including review and oversight of outsourced work

Monthly Operations & Analysis

• For both businesses:
• Propose month-end adjustments by product line based on operations inventory stock reports
• Perform sophisticated journal entries and detailed general ledger account analysis to support accurate financial reporting
• Reconcile inventory and related accounts on a monthly basis, leading process improvements for GL to subledger reconciliations
• Perform/manage cycle count process
• Maintain the LIM systems; purchasing and sale of inventory items and interaction with D365 and SAP systems
• Calculate and propose inventory reserve amounts
• Monitor movements between inventory (raw material, work in process, and finished goods)
• Review monthly costs, including manufacturing expense and other costs, variances, etc.
• Conduct monthly variance analysis of process orders, material manufacturing variances, scrap, absorption, and spending patterns
• Perform and assess the annual standard cost updates
• Plan/budget labor overhead rates and other burden rates for manufacturing
• Coordination of monthly inventory close activities with the sites
• Execute month-end close accounting and reporting requirements, operating expenses controlling & compliance, variance analysis & commentary, and presenting on financial performance, staffing, and key financial metrics regularly

Cross-Functional

• Partner with Supply Chain, Operations, Quality Operations, and Planning teams to ensure accurate inventory valuation and reporting across Lafayette operations
• Lead accounting controls functions and reporting requirements for inventory reserves, pre-approval manufacturing processes, and standard costing systems
• Support the development of new systems, processes, and reports
• Support the Controller with special projects and workflow process improvements
• Serve as finance and business partner for Operations, and provide financial oversight for HR, IT, EH&S, Engineering, Spare Parts, New Products, and Capital Lead capital projects, Make-vs-Buy analysis, and strategic sourcing, driving cost savings and operational efficiencies
• Identify insourcing/outsourcing opportunities and conduct value analysis to enhance financial performance
• Monitor business risks & opportunities, providing proactive financial insights to optimize performance

Budget & Cost Management

• Manage site-specific accruals and coordinate with budget owners on Lafayette operations
• Lead departmental budget processes (AOP/Budget, Actuals, and Forecast), including monthly reviews with plant management
• Analyze and track cost improvement projects, providing monthly updates
• CAPEX, OPEX, Overhead Spend, Headcount, KPIs planning and monitoring (AOP/Budget, Actuals, and Forecast) for Lafayette site operations
• Lead responsibility for the Site's Operational P&L | Cash Flow | Balance Sheet budgets, forecasts plan in close cooperation with the SLT for spending (FP&A), standard cost, headcount, program savings, and capital spending
• Execute financial planning cycles, including budgeting and forecasting, for global operations (CAPEX / OPEX / HC / COGM / COGS)
• Conduct financial analysis for cost improvement initiatives and strategic investment decisions
• Compliance & Controls: Ensure compliance with internal controls and Sarbanes-Oxley (SOX) requirements

Reporting & Analysis:

• Prepare balance sheet reconciliations with variance commentary comparing the current month to the prior year
• Consolidate and analyze inventory balances by product line within Lafayette operations
• Support preparation of Plan, Actual, and Forecast numbers, analysis of variances, along with commentary of its contributors for site reporting
• Ownership, calculation, and payment initiation of supplier royalties due on sales made by the Dharmacon and BIOO businesses worldwide

Financial Planning and Analysis ("FP&A") support for the BIOO business

• Participate in FP&A forecast Lead the annual operating plan ("AOP"), inventory planning, and execution (updating forecast each month). Prepare quarterly financial forecasts for inventory-related balances

Basic Qualifications:

• Bachelor's degree in accounting, finance, or a related field AND
• Minimum of 5 years of progressive inventory, cost accounting experiences, AND
• 1-2 years of experience in financial planning & analysis.

P referred Qualifications:

• Appropriate accounting qualification (CMA, CPA).
• Prior public accounting experience.
• Previous experience of Microsoft Dynamics D365 and/or SAP.
• Experience operating in a SOX environment. Strong Excel and accounting systems skills
• A desire to improve processes and drive efficiency.
• Sound knowledge of accounting principles, standards, and regulations.
• Strong verbal and written communication skills.
• Ability to multi-task, work under pressure, and meet deadlines required.

The base salary range for this full-time position is $100,000.00 - $120,000.00. This range reflects the minimum and maximum target for a new hire in this position. The base pay actually offered to the successful candidate will take into account internal equity, work location, and additional factors, including job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.

Please note that base pay is only one part of our total compensation package and is determined within a range. This range allows for the successful candidate to have an opportunity to progress within the position and develop at our company. This base pay range does not take into account bonuses, equity, or other benefits which may be applicable and are dependent on the level and position offered.

What do we offer?

We provide competitive and comprehensive benefits to our employees. Below are some highlights of our benefits:

• Medical, Dental, and Vision Insurance Options
• Life and Disability Insurance
• Paid Time-Off
• Parental Benefits
• Compassionate Care Leave
• 401k with Company Match
• Employee Stock Purchase Plan

Learn more about Revvity's benefits by visiting our Bswift page. Log-In instructions are provided towards the bottom of the Bswift page.

*For benefit-eligible roles only. Part-time and temporary roles may not be eligible for all benefits listed. Please reach out to your recruiter for more information.

Revvity is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to any characteristic or status protected by applicable federal, state, and/or local laws. If you are an applicant with a disability that requires reasonable accommodation to complete any part of the application process or are limited in the ability-or unable to use-the online application system and need an alternative method for applying, you may contact View email address on click.appcast.io.