Senior Cost Accountant

About The Department

At Novo Nordisk, we want to make a difference. For more than 100 years, we have led the way in diabetes care. Being part of Novo Nordisk allows our employees to embark on the opportunity to help improve the quality of life for millions of people around the world.

Our Bloomington, Indiana site is a state-of-the-art facility where we have an integrated model from process and formulation to clinical and commercial biomanufacturing and drug product fill/finish and packaging. The Bloomington campus is a recognized facility where talented teams work with innovators to help develop, manufacture and supply products to patients around the world.

What We Offer You

Leading pay and annual performance bonus for all positions

All employees enjoy generous paid time off including 14 paid holidays

Health Insurance, Dental Insurance, Vision Insurance – effective day one

Guaranteed 8% 401K contribution plus individual company match option

Family Focused Benefits including 14 weeks paid parental & 6 weeks paid family medical leave

Free access to Novo Nordisk-marketed pharmaceutical products

Tuition Assistance

Life & Disability Insurance

Employee Referral Awards

At Novo Nordisk, you will find opportunities, resources, and mentorship to help grow and build your career. Are you ready to realize your potential? Join Team Novo Nordisk and help us make what matters.

The Position

The Senior Cost Accountant plays a vital role in maintaining the integrity of our financial records and actively participates in the preparation of financial statements, reporting, and the establishment of internal controls. This position collaborates closely with the accounting team and various departments to deliver insights related to inventory management and cost of goods sold, thereby supporting the efficiency of the company's financial operations. Additionally, the Senior Cost Accountant will serve as a mentor to junior accountants, fostering professional growth within the team.

Relationships

Reports to Site Manager.

Essential Functions

Analyze and report COGS across manufacturing operations, ensuring accuracy and alignment with financial plans

Collaborate with production, supply chain, and finance teams to drive cost transparency and variance analysis and provide insights on trends, cost drivers, and opportunities for cost reduction

Oversee inventory valuation, reconciliation, and financial reporting, ensuring compliance with company policies and accounting standards

Monitor and improve controls around inventory transactions, cycle counts, and physical inventory processes

Manage inventory adjustments and coordinate closely with operations on inventory accuracy

Develop and maintain methodologies for excess and obsolete inventory reserves, including quarterly calculations and adjustments, ensuring reserves reflect current business conditions and risks

Partner with FP&A and commercial teams on product lifecycle impacts and supply planning

Lead annual standard cost roll processes, including material, labor, and overhead allocations. Maintain cost structures and ensure cost models reflect operational realities. Analyze variances between standard and actual costs and provide actionable recommendations

Support monthly, quarterly, and year-end close activities related to cost accounting ensuring accuracy and timeliness of journal entries, account reconciliations, and internal reporting, as well as maintain compliance with internal controls (SOX), policies, and procedures

Act as a financial advisor to manufacturing, supply chain, and procurement teams supporting capital investment projects, operational planning, and cost efficiency initiatives

Drive continuous improvement in cost accounting processes, systems, and analytics

Other duties, as assigned

Physical Requirements

100% work scheduled based on-site at Bloomington, Indiana facility. Ability to sit at a desk.

Qualifications

Bachelor’s degree in Accounting, Finance, or a related field of study from an accredited university, required

Minimum of four (4) years of relevant experience in accounting or finance, required

Public accounting experience, preferred

Proficiency in Microsoft Excel and accounting software, required

ERP system experience, preferred

CPA or in-progress CPA, is a plus

Adaptability and continuous learning, required

Strong analytical and problem-solving skills with keen attention to detail, required

Excellent communication skills, with the ability to work cross-functionally with various teams, required

Strong organizational skills and the ability to handle multiple tasks and deadlines in a fast-paced environment, required

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

We’re not your typical healthcare company. In a modern world of quick fixes, we focus on solutions to defeat serious chronic diseases and promote long-term health. Our unordinary mindset is at the heart of everything we do. We seek out new ideas and put people first as we push the boundaries of science, make healthcare more accessible, and treat, prevent, and even cure diseases that affect millions of lives. Because it takes an unordinary approach to drive real, lasting change in health.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.