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Job Description
Finance and Cost Accountant role at Siemens Healthineers, requiring expertise in cost accounting, financial analysis, and reporting, with a focus on driving continuous improvement and delivering timely and comprehensive financial information.
As a Finance and Cost Accountant at Siemens Healthineers, you will play a critical role in supporting the company's mission to improve people's lives around the world. You will be responsible for preparing journal entries, account reconciliations, and margin variance analysis, as well as monitoring variances to standard cost and investigating significant differences.
Key responsibilities:
- Prepare journal entries related to manufacturing accounting to support accurate and timely financial statements in accordance with US GAAP and corporate financial policies.
- Prepare account reconciliations to ensure proper balance sheet valuation, with appropriate accounting treatment for potential risk.
- Margin variance analysis (including PPV, Production and Absorption variances).
- Monitor variances to standard cost and investigate significant differences.
- Participate in other monthly close activities in area of responsibility.
- Calculate standard costing of products in SAP, including reviewing appropriate update of BOMs, Routings, etc.
- Drive consistency and standardization of cost accounting in line with Corporate Policies.
- Finance lead on process improvement projects related to costing of materials.
- Provide finance guidance aligned to the preparation of customer pricing simulations, financial analysis and modelling.
- Ensuring timely closing of SAP and subsequent reporting submissions to the head office.
- Business partner to functions across the manufacturing site and the wider finance community.
- Driving continuous improvement in the finance function.
- Delivers timely and comprehensive reporting (current and forecasting reports) of income statement, and balance sheet.
- Providing risk and commentary for top management.
- Preparation of Statutory Accounts, Regulatory and Revenue returns to a final review stage.
- Transfer pricing including reporting and liaising with internal external tax teams.
- Liaising with external and internal auditors.
- Participates in site strategic activities, providing relevant input and support for KPI's & organisational decisions.
- Ad-hoc reporting as required.
Requirements:
- Professional accounting qualification ACCA / CIMA / ACA.
- Minimum of 3-5 years' experience in cost accounting, preferably within a manufacturing environment.
- Ability to exceed internal customer expectations on delivery of information and financial support to achieve business goals.
- Self-motivated and ability to work on own initiative.
- Knowledge of lean initiatives and ability to drive continuous improvement.
- Excellent inter-personal skills and the ability to lead.
- Advanced Excel skills.
- Experience of working in a multi-national environment.
- Experience with SAP and familiarity with IFRS an advantage.
- Intelligence reporting - Power BI, Process Automation, Design Optimisation.
About Siemens Healthineers:
- We are a team of more than 70,000 highly dedicated employees across more than 70 countries.
- We are a leader in the industry, aspiring to create better outcomes and experiences for patients no matter where they live or what health issues they are facing.
- We have a portfolio spanning from in-vitro and in-vivo diagnostics to image-guided therapy and innovative cancer care, crucial for clinical decision-making and treatment pathways.
- We are part of an incredible community of scientists, clinicians, developers, researchers, professionals, and skilled specialists pushing the boundaries of what's possible, to improve people's lives around the world.
- We embrace a culture of inclusivity in which the power and potential of every individual can be unleashed.