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Plant Controller & Head of Manufacturing Finance

Plant Controller & Head of Manufacturing Finance

POSITION SUMMARY

Vericel, a leader in advanced therapies for the sports medicine and severe burn care markets, has an exciting new opportunity for a high performing Finance and Accounting professional looking to join and contribute to a high growth Biotech/Medtech company with multiple Cell Therapy products on the market as well as a strong balance sheet.  Reporting directly into the Corporate Controller at Vericel, this individual will also have direct exposure to the CFO, the COO and the Operations and Finance leadership teams and collaborate with various functional leaders at Vericel.  This is a great opportunity to join an exciting and fast growing $1 Billion+ market cap life sciences company with a strong institutional shareholder base.

As a strategic partner, the Plant Controller will work side by side with the Operations team including Manufacturing, Supply Chain and Quality.  The Plant Controller will be responsible for execution of cost accounting functions, reporting of actual results to senior management and owning the annual budget and forecasting of consolidated COGS.  This role is a hybrid Finance role with Accounting and FP&A responsibilities.

  • Manage and coordinate the timely and accurate completion of the month end close process for inventory and COGS including journal entries and account reconciliations
  • Analyze current cost accounting processes including inventory management, mapping processes and provide recommendations for future process changes
  • Analyze inventory transactions to ensure that all are appropriately recorded in sub-ledgers and general ledger. Includes the monthly recording of inventory reserve adjustments.
  • Review account analyses and monthly balance sheet reconciliations for areas of responsibility
  • Own the annual budgeting and quarterly forecasting of COGS  and inventory while working closely with the Operations and FPA team including analyzing working capital requirements
  • Manage inventory accuracy at offsite warehouse locations storing finished goods and raw materials
  • Maintain standard costs across all inventory items
  • Oversee inventory variance accounting, including purchase price variances, manufacturing variances and revaluation to ensure accurate accounting of such variances
  • Integrate with the Manufacturing and Supply Chain teams and establish yourself as a valued business partner by providing insight, recommendations and leadership to achieve better cost understanding and higher profitability
  • Act as a subject matter expert for the site for direct cost contributors to COGS including raw material utilization, scrap, and labor balance between manufacturing activities.
  • Oversee the preparation of related audit schedules and other requests from internal/external auditors and partners
  • Communicate and translate the monthly results to senior management
  • Ability to present in a clear and concise manner to senior management regarding financial issues, budgets and forecasts
  • Drive continuous process improvement in the inventory and cogs areas
  • Recommend and assist in the implementation of process improvements including automation within the ERP and other tools where possible, to simplify, standardize and streamline processes
  • Oversee SOX controls in inventory and COGS
  • Fixed asset management including Vericel’s investment in a new state-of-the-art advanced cell therapy manufacturing and corporate headquarters facility in Burlington, MA
  • Advocate and champion continuous improvement within the functional area as well as throughout Vericel
  • Develop staff by managing performance, setting goals, providing ongoing training, and
    maintaining strong employee relationship
  • Ad hoc projects as needed

QUALIFICATIONS, EDUCATION AND EXPERIENCE

Leadership Qualifications:

An ongoing commitment to conducting our global business according to the highest legal and ethical standards, and to continually pursue excellence in the development and delivery of all of our products and services.  This includes:

  • Respecting the laws and operating within the applicable regulations of the places in which we conduct business, as well as our own Company policies and procedures.
  • Being honest and treating people with respect and courtesy.
  • Constantly striving to make Vericel a great place to work, and a company respected for the quality of its people and products.
  • Acting as role models for our fellow employees by acting responsibly, fairly, and honestly in our dealings and exercising sound judgment in performing our jobs.

Basic Qualifications:

  • 10+ years of experience; CPA preferred
  • Bachelor’s degree in accounting required
  • Big 4 or large regional accounting firm experience preferred
  • 4+ years Public company experience
  • Manufacturing and Cost Accounting experience, preferably in Life sciences/Biotech/Medtech
  • Experience with Excel, PowerPoint and Word
  • Strong willingness to be into the details and learn how transactions flow through the ERP
  • Strong written and verbal communication skills

 


All applicants will receive consideration for employment without regard to their race, color, religion, sex, national origin, sexual orientation, gender identity, or protected veteran status and will receive consideration for employment and will not be discriminated against on the basis of disability. Vericel Corporation is an Equal Opportunity/Affirmative Action Employer.

Vericel Corporation is VEVRAA federal contractor and desires priority referrals of protected veterans for job openings at all locations within the state.

NASDAQ: VCEL

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12:53 PM on
September 27, 2022
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