Maternal Newborn Health Innovations (MNHI) is hiring a Part-time Cost Accountant Contractor to ensure the accuracy of financial records for the manufacturing of OdonAssist by our Contract Manufacturing Organization (CMO) in China. This role is critical for tracking, analyzing, and controlling manufacturing costs, managing inventory valuation, and providing key financial insights to support strategic decisions and operational excellence within a regulated healthcare environment.
What You'll Do
- Analyze and track all CMO manufacturing costs monthly, including raw materials, labor, and overhead.
- Perform detailed variance analysis, comparing standard to actual costs, and investigate discrepancies to recommend corrective actions.
- Develop and maintain accurate standard cost models for all CMO-manufactured products.
- Support internal transfer pricing analysis using standard and actual cost results.
- Conduct profitability analysis to inform pricing strategies and determine cost effects.
- Prepare and analyze cost reports to assist in budgeting, financial planning, and management decision-making.
- Analyze changes in product design, raw materials, and manufacturing methods to determine financial impact for the Operations Team.
- Oversee inventory accounting by consolidating information from Supply Chain, Region Controllers, and 3PLs.
- Manage the valuation, tracking, and reporting of inventory metrics.
- Collaborate with Supply Chain to ensure all CMO activity and inventory movement is accurately tracked using current manual processes and within the future ERP system.
- Manage the cycle count program and coordinate with internal, CMO, and 3PL Operations personnel to ensure physical inventory accuracy.
- Support Supply Chain in excess and obsolescence (E&O) inventory reviews and prepare associated journal entries.
- Work with Operations and Supply Chain to implement processes that minimize E&O risk.
- Maintain purchase price variance and other inventory-related accrual analyses.
- Support monthly, quarterly, and annual financial close processes for cost of sales, inventory, and manufacturing variances.
- Work directly with external accounting support to reconcile accounts and analyze budget-to-actual results.
- Prepare monthly balance sheet reconciliations for CMO inventory accounts.
- Ensure compliance with US GAAP, FDA requirements, and internal controls.
- Support internal and external audit requests by providing necessary analysis, schedules, and documentation.
What We're Looking For
- Experience analyzing and tracking manufacturing costs (raw materials, labor, overhead).
- Experience performing detailed variance analysis (standard vs. actual costs).
- Experience developing and maintaining standard cost models.
- Experience conducting profitability analysis and supporting pricing strategies.
- Experience overseeing inventory accounting processes, valuation, tracking, and reporting.
- Experience managing cycle count programs and ensuring physical inventory accuracy.
- Experience with excess and obsolescence (E&O) inventory reviews and related journal entries.
- Experience maintaining purchase price variance and inventory-related accrual analyses.
- Experience supporting monthly/quarterly/annual financial close processes related to cost of sales and inventory.
- Experience preparing monthly balance sheet reconciliations for inventory accounts.
- Knowledge of and experience ensuring compliance with US GAAP.
- Experience supporting internal and external audit requests.
Nice to Have
- Understanding of IFRS compliance.
Team & Environment
You will work closely with the technical hub based in Singapore and the CFO based in the US (Eastern Time).
Work Mode
This is a remote position open to candidates in Chicago, Illinois, United States.
