Senior Cost Accountant - Pharmaceutical Diagnostics

Job Description Summary

The Senior Cost Accountant, Pharmaceutical Diagnostics (PDx) is responsible for overseeing all financial processes, reporting, forecasting, and accounting activities impacting GE Health Care's Pharmaceutical Diagnostics (PDx) Cost of Goods Sold (COGS).

Demonstrated experience in manufacturing cost accounting, including standard costing, inventory valuation, variance analysis, COGS reporting, and product costing within a manufacturing environment is required.

GE Healthcare is a leading global medical technology and digital solutions innovator. Our mission is to improve lives in the moments that matter. Unlock your ambition, turn ideas into world-changing realities, and join an organization where every voice makes a difference, and every difference builds a healthier world.

Job Description

Role Responsibilities

Product and Manufacturing Costing

• Own and maintain standard costs for materials, labor, and manufacturing overhead.
• Oversee the calculation and reporting of product manufacturing costs.
• Analyze Cost of Goods Sold (COGS), reconciling Balance Sheet and P&L movements with operational drivers and external factors, including foreign exchange impacts.
• Ensure accurate US GAAP DISE (Disaggregation of Income Statement Expenses) reporting related to COGS.
• Partner closely with manufacturing and supply chain teams to ensure costing accuracy and integrity.

Cost Analysis and Variance Reporting

• Compare actual costs against budgets and standards in alignment with monthly Integrated Supply Chain (ISC) forecasting and closing cycles.
• Own the end-to-end Purchase Price Variance (PPV) and First-In, First-Out (FIFO) processes, including forecasting, reporting, and analysis.
• Investigate material, labor, and overhead variances and identify root causes.
• Identify cost-saving opportunities and areas of operational improvement.

Budgeting and Forecasting

• Support annual operating plans, budgets, and periodic forecasts.
• Forecast future production and operating costs.
• Provide financial insights and recommendations to support strategic planning activities.

Business Decision Support and Partnering

• Assess product profitability and support pricing decisions in collaboration with FP&A.
• Perform cost-benefit analyses for investments and projects in partnership with ISC Operations and Strategy Finance.
• Support make-versus-buy, sourcing, and operational decision-making.
• Support business transformations, acquisitions, divestitures, and the integration of new businesses and legal entities.

Simplification and Continuous Improvement

• Provide leadership in establishing standard work and driving process simplification initiatives.
• Lead projects aimed at reducing complexity, improving controls, and increasing operational efficiency.

Qualifications

• Qualified ACA, CIMA, or ACCA, or Master's degree in Accounting, Finance, or a related business field.
• Minimum 15 years of progressive accounting or finance experience.
• Significant experience in manufacturing cost accounting.
• Strong knowledge of product costing, standard costing, inventory accounting, COGS analysis, Purchase Price Variance (PPV), First-In, First-Out (FIFO), and variance reporting within a manufacturing environment.
• Experience partnering with manufacturing, supply chain, and operations teams.

Preferred Qualifications

• Significant experience in public accounting, ideally within a Big Four accounting firm.
• Demonstrated proficiency in US GAAP, local GAAP, and authoritative accounting standards.
• Experience supporting manufacturing operations within a global, matrixed organization.
• Excellent collaboration and interpersonal skills.
• Proven ability to build strong relationships with finance and non-finance stakeholders.
• Strong verbal and written communication skills, with the ability to communicate complex business topics clearly and concisely.
• Strong analytical skills with the ability to connect financial results to operational performance drivers, generate alternatives, and drive positive change.
• Strong systems aptitude, including experience with SAP S/4HANA and reporting tools.
• Demonstrated success leading cross-functional initiatives and process improvements.
• Adaptable and comfortable working in a changing environment.
• Strong integrity and commitment to high ethical standards.
• Strong influencing and stakeholder management skills.
• Experience working effectively in a matrix organization.
• Self-starter with a demonstrated ability to learn quickly and meet deadlines.
• Strong experience with internal controls, including Sarbanes-Oxley (SOX) compliance.
• Exceptional attention to detail.
• Ability to work comfortably at both highly detailed and executive-summary levels.

Inclusion and Diversity

GE Healthcare is an Equal Opportunity Employer where inclusion matters. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

We expect all employees to live and breathe our behaviors: to act with humility and build trust; lead with transparency; deliver with focus, and drive ownership – always with unyielding integrity.

Our total rewards are designed to unlock your ambition by giving you the boost and flexibility you need to turn your ideas into world-changing realities. Our salary and benefits are everything you’d expect from an organization with global strength and scale, and you’ll be surrounded by career opportunities in a culture that fosters care, collaboration and support.

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Additional Information

Relocation Assistance Provided: No