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, 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. Responsibilities Manage and optimize the standard costing system across manufacturing sites, distribution centers, and contract manufacturing partners, ensuring accurate cost allocation 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 COGS reporting. Support ERP & Systems implementations. Required Qualifications Bachelor's degree and 7 years of relevant experience. Advanced degree and 5 years of relevant experience. Physical Job Requirements The above statements describe the general nature and level of work performed by employees assigned to this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For office roles, the employee is regularly required to be independently mobile and to interact with a computer and communicate with peers and co‑workers. Benefits & Compensation MiniMed offers a competitive salary and flexible benefits package designed to support you at every stage of your career and life. Salary ranges for U.S. (excluding Puerto Rico) locations (USD): $109,000 – $185,000. For roles located in California, Seattle WA, Washington DC, Boston MA, and New York City, the salary range is $121,000 – $205,000 USD. Compensation may vary based on experience, education, certifications, skills, market conditions, internal equity, and geographic location. This position is eligible for a short‑term incentive called the Short Term Incentive (STI). 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. Additionally, 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. Equal Employment Opportunity 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. If you are applying to perform work for MiniMed in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which MiniMed reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. MiniMed will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act. #J-18808-Ljbffr Mini Med