Senior Inventory and Cost Analyst
WFA Digital Insight
The current remote job market is seeing a surge in demand for skilled financial analysts, with a 25% increase in job postings over the last year. As companies like iRhythm continue to grow and expand, the need for experts in cost optimization and financial planning has never been greater. With the rise of remote work, professionals with advanced Excel skills and experience in cost accounting are in high demand. iRhythm, a leader in cardiac health solutions, is looking for a skilled Senior Inventory and Cost Analyst to join their team. Before applying, candidates should be prepared to showcase their analytical skills, business acumen, and ability to drive cost savings in a fast-paced environment.
Job Description
About the Role
The Senior Inventory and Cost Analyst will play a critical role in iRhythm's financial planning and decision-making process. This position will be responsible for analyzing and optimizing costs, supporting month-end close, and driving financial initiatives. The ideal candidate will have a strong background in cost accounting, excellent analytical skills, and the ability to communicate complex financial data to stakeholders.As a key member of the finance team, the Senior Inventory and Cost Analyst will work closely with cross-functional leaders to identify areas for cost savings and process improvements. This role will also involve collaborating with supply chain and procurement teams to align inventory-related goals and mitigate business and financial risks.
The Senior Inventory and Cost Analyst will be expected to stay up-to-date with the latest financial trends and best practices, and to continually develop their skills and knowledge to drive business growth and improvement.
What You Will Do
- Assist in the timely and accurate completion of the month-end close
- Support annual budgeting and rolling forecast processes, including scenario and sensitivity analysis
- Partner with leaders to identify risks and opportunities, and support cost initiatives
- Provide ad-hoc analysis and support special projects as needed
- Collaborate with the broader Cost Accounting/Operations FP&A team to establish KPIs and timelines
- Perform analytics throughout the month on cost of sales, absorption, PPV, and other metrics
- Ensure compliance with the Company's policies, internal controls, procedures, and regulatory requirements
- Support annual standard cost updates and new part setup within the ERP system
- Develop and maintain governance and audit controls
What We Are Looking For
- Bachelor's degree in Accounting, Finance, Economics, or a related field
- 5+ years of experience in cost accounting, operations finance, or related roles
- Experience in standard cost rolls, working with large data sets
- Advanced knowledge of Excel, including Pivot Tables, V-Lookup, data merges, and filters
- Strong analytical and communication skills, including comfort presenting to senior stakeholders
- Experience in a Sarbanes-Oxley-compliant environment
- Strong understanding and proficiency in U.S. GAAP
- Ability to balance competing priorities and escalate concerns as needed
Nice to Have
- High attention to detail and ability to network with business owners outside of own area of expertise
- Experience supporting the Operations/Manufacturing organization
- Familiarity with ERP systems and financial planning software
- Certification in cost accounting or a related field
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a leading company in the cardiac health solutions industry
- Collaborative and dynamic work environment
- Professional development and growth opportunities
- Flexible working hours and remote work options
- Access to the latest financial tools and technologies
- Recognition and reward for outstanding performance
How to Stand Out
- To stand out in your application, be sure to highlight your experience with cost accounting and financial planning, as well as your advanced Excel skills.
- Make sure to research iRhythm and the cardiac health solutions industry to demonstrate your knowledge and interest in the field.
- Practice presenting complex financial data in a clear and concise manner, as this will be an important part of the role.
- Be prepared to discuss your experience with cost optimization and process improvements, and how you can apply these skills to drive business growth.
- Consider obtaining a certification in cost accounting or a related field to demonstrate your expertise and commitment to the field.
- When negotiating salary, be sure to research the market rate for similar positions and be prepared to discuss your salary expectations.
- Be aware of red flags such as unclear expectations, lack of communication, or unrealistic goals, and be prepared to ask questions during the interview process.
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