Cost Accountant

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About Bora

Bora Pharmaceuticals is a premier international contract development and manufacturing organization (CDMO) specializing in formulation development, clinical and commercial manufacturing, and packaging of complex oral solid dose, liquid, semi-solid, biologics, and sterile injectable pharmaceutical products.

From our world-class sites in North America and Asia, we deliver drug products with unparalleled quality to more than 100 markets around the world. Bora’s teams, technologies, and facilities work seamlessly together to enable our clients to deliver much-needed therapeutics to patients worldwide.

At Bora Pharmaceuticals, we see it as our mission, our duty, our responsibility, to make our success and our customer’s success more certain.

Job Summary

The Cost Accountant provides cost, general accounting, accounts receivable, and revenue recognition support. This includes maintaining the cost and inventory systems, supporting customer invoicing and accounts receivable reconciliations, preparing financial reports and analyses, supporting monthly revenue recognition activities, and leading the cost of sales planning and forecasting processes. This position is on-site at our Rockville, MD location.

This position is also responsible for providing cost estimates and financial analysis of new product development, supporting revenue accruals and deferred revenue analysis, and assisting with collection and cash Application activities as needed. This position works closely with Purchasing, Manufacturing, Supply Chain, Quality Services, Research & Development, Commercial Operations, Customer Service, and Finance.

Essential Functions

Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions.

• Maintains raw material and finished goods standard costs
• Performs monthly financial closings, reconciliations and journal entries associated with inventory and variance accounts
• Supports customer invoicing, cash application, and accounts receivable reconciliations, including review of aging balances and collection follow-up as needed
• Supports revenue recognition activities, including revenue accruals, deferred revenue analysis, contract or purchase order review, and revenue account reconciliations in accordance with company accounting policies
• Performs inventory aging, reserve and scrap analyses
• Prepares period end reports for Operations and Finance management.
• Leads the cost of sales planning and forecasting processes, to include the review and analysis of material costs, labor rates, fixed and variable overhead rates, and excess capacity
• Analyzes the cost of sales against budget and forecast
• Performs cost estimates and financial analysis of new product development
• Performs special financial analysis and projects as needed

The above statements are intended to describe the nature of work performed by those in this job and are not an exhaustive list of all duties. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time which reflects management’s assignment of essential functions.

Minimum education, experience and Skills

• Bachelor’s degree in Finance
• 3 to 5 years’ experience in a process costing industry (preferably pharmaceutical) with experience in the design, implementation and maintenance of standard cost, budgeting, financial accounting, accounts receivable, and revenue recognition systems.
• Experience with accounts receivable processes, including customer invoicing, customer account reconciliations, collections support, cash application, and month-end accounts receivable close activities.
• Experience supporting revenue recognition processes, including revenue accruals, deferred revenue analysis, contract or purchase order review, revenue account reconciliations, and compliance with company accounting policies.
• Experience using Excel and SAP, or comparable ERP/accounting systems, preferred.
• Strong analytical skills with high attention to detail.
• Ability to adapt and prioritize competing projects.
• Detail-oriented with strong organizational skills and ability to manage multiple priorities.
• Superior communication and interpersonal skills
• Experience in Macromolecules

Salary Range: 74000 – 101000 (annual)

Compensation and Benefits

We offer a comprehensive benefits package designed to support our employees’ wellbeing, including:

• Competitive salary and performance-based incentives

• Comprehensive health coverage including medical, dental, and vision insurance

• Retirement savings plans with employer matching contributions

• Paid time off

• Professional development opportunities

• Employee wellness programs and resources

• Employee Assistance Program and Mental Health Resources

Core Values

At Bora, our values guide everything we do – from how we solve challenges to how we support our people. We lead with a solutions-first mindset, strive to do the right thing, stay proactive, and above all, respect everyone.

Bora Pharmaceuticals is committed to providing equal employment opportunity to all applicants and employees according to all applicable equal opportunity and affirmative action laws, directives and regulations of federal, state and local governing bodies and agencies. In keeping with this commitment, Bora Pharmaceuticals will recruit, hire, train and promote persons in all job titles, without regard to race, color, creed, religion, sex (including factors related to pregnancy or child birth), national origin, age, marital status, familial status, disability, sexual orientation, gender identity status with regard to public assistance, employment status, local human rights commission activity, status as a protected veteran, genetic information, atypical hereditary cellular or blood trait, or any other protected category.