Cost Accounting Analyst

As a result of the combination of the BD Biosciences and Diagnostic Solutions business with Waters Corporation (NYSE: WAT), by applying to this role, you will be applying for a position with Waters. Waters is a global leader in life sciences, dedicated to accelerating the benefits of pioneering science through analytical technologies, informatics, and service. With a focus on regulated, high-volume testing environments, Waters’ innovative portfolio harnesses deep scientific expertise across biology, chemistry, and physics. Waters collaborates with analytical laboratories around the world to advance the release of effective, high-quality medicines, assure the safety of food and water, and drive better patient outcomes by detecting diseases earlier, managing routine infections, and combatting growing antibiotic resistance. Through a shared culture of relentless innovation, Waters’ passionate team of approximately 16,000 colleagues partner with customers to turn scientific challenges into breakthroughs that improve lives worldwide.

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BD is one of the largest global medical technology companies in the world. Advancing the world of health™ is our Purpose, and it’s no small feat. It takes the imagination and passion of all of us—from design and engineering to the manufacturing and marketing of our billions of MedTech products per year—to look at the impossible and find transformative solutions that turn dreams into possibilities.

Job Description

Overview:
The Cost Accounting Analyst will be responsible for overseeing cost accounting activities ensuring accurate and timely financial reporting related to inventory, cost of goods sold, and manufacturing variances. This role will play a critical part in optimizing financial performance through insightful analysis and process improvements.

• Oversee the accurate and timely calculation of standard costs for all products, ensuring alignment with bill of materials and routing information.

• Analyze manufacturing variances (material, labor, overhead) and provide detailed explanations to management.

• Develop and implement robust inventory valuation methodologies, including cycle counting and physical inventory procedures.

• Prepare and analyze monthly, quarterly, and annual cost of goods sold reports.

• Collaborate with production, supply chain, and R&D teams to understand cost drivers and identify cost reduction opportunities.

• Participate in the annual budgeting and forecasting processes for cost of goods sold and inventory.

• Ensure compliance with GAAP and internal accounting policies related to cost accounting.

• Develop and implement internal controls over inventory and cost accounting processes.

• Support financial audits by providing necessary cost accounting documentation and explanations.

• Prepare ad-hoc financial analysis and reports as requested by senior management.

• Drive continuous improvement initiatives within the cost accounting department.

Required qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.

• Minimum of 2-3 years of progressive experience in cost accounting within a manufacturing environment.

• Strong understanding of GAAP and cost accounting principles.

• General knowledge of ERP systems.

• Advanced Excel skills.

• Demonstrated ability to analyze complex financial data and translate it into actionable insights.

• Excellent leadership, communication, and interpersonal skills.

• Ability to work independently and as part of a team in a fast-paced environment.

• Proven track record of driving process improvements and achieving financial objectives.

• Strong attention to detail and accuracy.

Preferred qualifications:

• CPA or CMA certification
• Cost accounting experience within the life sciences industry
• Proficiency in ERP systems (e.g., SAP, Oracle)

At BD, we prioritize on-site collaboration because we believe it fosters creativity, innovation, and effective problem-solving, which are essential in the fast-paced healthcare industry. For most roles, we require a minimum of 4 days of in-office presence per week to maintain our culture of excellence and ensure smooth operations, while also recognizing the importance of flexibility and work-life balance. Remote or field-based positions will have different workplace arrangements which will be indicated in the job posting.

For certain roles at BD, employment is contingent upon the Company’s receipt of sufficient proof that you are fully vaccinated against COVID-19. In some locations, testing for COVID-19 may be available and/or required. Consistent with BD’s Workplace Accommodations Policy, requests for accommodation will be considered pursuant to applicable law.

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Why Join Us?

To find purpose in the possibilities, we need people who can see the bigger picture, who understand the human story that underpins everything we do. We welcome people with the imagination and drive to help us reinvent the future of healthcare. At BD, you’ll discover a culture in which you can learn, grow and thrive.

We believe that when people connect in person, we learn faster, collaborate more deeply, and build a stronger culture. Join us and enjoy a culture where face-to-face collaboration supports your learning, your progress, and your success.

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Becton, Dickinson, and Company is an Equal Opportunity Employer. We evaluate applicants without regard to race, color, religion, age, sex, creed, national origin, ancestry, citizenship status, marital or domestic or civil union status, familial status, affectional or sexual orientation, gender identity or expression, genetics, disability, military eligibility or veteran status, and other legally protected characteristics.

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Our salary or hourly rate ranges reward associates fairly and competitively. We regularly review these ranges and factors, such as location, contribute to the range displayed.

Our pay is based on the role and the necessary skills and education to perform it successfully. The salary or hourly rate offered is determined by the role's specific requirements, including any applicable step rate pay system at the work location. Salary or hourly pay ranges are influenced by labor laws and Collective Bargaining Agreement (CBA) requirements applicable to the work location which may also affect the workplace arrangement of the role.

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