[Remote] Sr Cost Accountant

Note: The job is a remote job and is open to candidates in USA. Baylor Genetics is a company focused on genetic testing and analysis, and they are seeking a Senior Cost Accountant to manage test costing and inventory valuation. This role is crucial for supporting the monthly financial close and ensuring compliance with US GAAP while collaborating with Supply Chain and Operations teams.

Responsibilities

• Maintain accurate item master data in the ERP for inventory-related attributes (e.g., units of measure, locations, costing method, and standard cost fields)
• Support month-end close for inventory and cost of sales, including journal entries, reconciliations, and complete supporting documentation
• Own the inventory adjustment control process: establish review/approval thresholds, monitor activity, and ensure adjustments are properly supported and recorded
• Coordinate cycle counts and periodic physical inventories; investigate variances and drive resolution with Operations and Supply Chain
• Monitor aging/turnover and partner with stakeholders to assess excess/obsolete risk; calculate and record reserves/impairment as needed in accordance with U.S. GAAP
• Own the standard cost process end-to-end, including update cadence, inputs/assumptions, cross-functional coordination, and documentation of changes and approvals
• Plan and execute periodic standard cost updates/rolls in the ERP; validate results, troubleshoot issues, and ensure downstream impacts (inventory valuation and cost of sales) are understood and communicated
• Evolve inventory accounting and the general ledger structure to improve visibility into inventory-related variances (e.g., purchase price, usage/yield, write-offs), including defining variance accounts and establishing consistent booking rules
• Develop and maintain cost-per-test reporting, including key inputs/assumptions, reconciliations to the general ledger, and clear variance bridge from standard to actual cost
• Maintain and improve inventory costing policies to ensure they are clearly defined, consistently applied, and appropriately documented
• Partner with Operations and Supply Chain to develop accurate cost estimates for new tests and modifications to existing tests; maintain a repeatable model and assumptions library
• Analyze testing/production costs and prepare reporting comparing standard to actual; identify drivers and recommend corrective actions (e.g., yield, usage, price, mix, and volume variances as applicable)
• Perform and explain cost variance analysis; maintain accurate schedules and reconciliations that tie operational activity to financial results
• Scrutinize costing and inventory transaction data to identify trends, anomalies, and control gaps; propose process improvements and automation opportunities
• Support audit and internal review requests by providing timely, organized documentation for cost accounting methodologies, standard cost changes, and inventory valuation
• Contribute to a culture of integrity and service by putting the customer first, treating colleagues with respect, and conducting business with the highest standards of professionalism
• Perform other job-related duties as assigned to support the team and business needs

Skills

• Bachelor's degree in Accounting, Finance, or a related field
• 3+ years of accounting experience with at least 1–2 years in a manufacturing, assembly, laboratory operations, or inventory-management environment
• Hands-on experience with inventory accounting, inventory valuation, and cost accounting (standard costing and/or actual costing)
• Strong understanding of how supply chain and operational workflows translate to financial results (inventory, cost of sales, reserves, and capitalization)
• Demonstrated aptitude for problem-solving, data analysis, documentation, and timely research/resolution of discrepancies
• Advanced Excel skills required; comfort working with large datasets and building repeatable analyses
• ERP proficiency required; NetSuite experience strongly preferred
• Excellent written and verbal communication skills; ability to collaborate cross-functionally and present findings to varying audiences
• CPA or CMA a plus

Company Overview