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 life-changing careers, and 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:

1. Leading pay and annual performance bonus for all positions
2. All employees enjoy generous paid time off including 14 paid holidays
3. Health Insurance, Dental Insurance, Vision Insurance – effective day one
4. Guaranteed 8% 401K contribution plus individual company match option
5. Family Focused Benefits including 14 weeks paid parental & 6 weeks paid family medical leave
6. Free access to Novo Nordisk-marketed pharmaceutical products
7. Tuition Assistance 
8. Life & Disability Insurance
9. 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 Cost Accountant is responsible for analyzing and tracking costs related to the manufacturing of pharmaceutical products. This position will involve maintaining financial records and contributing to the preparation of financial statements, reporting and internal controls. The Cost Accountant collaborates closely with the accounting team and various other departments to ensure reporting is both timely and accurate. 

Relationships

Reports to Manager.

Essential Functions

• Inventory Accounting: Monitor and maintain accurate inventory records across raw materials, work-in-progress (WIP), and finished goods. Reconcile inventory accounts, in-vestigate variances, and ensure alignment with physical inventory counts. Partner with Supply Chain and Operations teams to ensure inventory transactions are properly recorded and controlled.
• Inventory Reserves: Assist in the calculation of reserves for excess, obsolete, and slow-moving inventory in accordance with company policy. Collaborate with stakeholders to gather inputs for reserve analysis and support documentation of assumptions. Contribute to monthly and quarterly close processes by preparing reserve schedules and related journal entries.
• Standard Cost Roll: Support the execution of the annual standard cost roll, including updates to labor, overhead, and material costs. Maintain cost components and ensure bills of materials (BOMs) and routings are accurate in the ERP system. Analyze standard versus actual cost variances and provide insights to support operational improvements.
• Financial Reporting & Controls: Assist with month-end close activities related to inventory and cost accounting. Prepare journal entries, reconciliations, and internal reports to ensure accuracy and timeliness. Adhere to internal control requirements and assist with audit documentation as needed.
• Process Improvement: Identify and support opportunities for improving accuracy and efficiency in cost accounting processes. Participate in cross-functional projects, system enhancements, and finance transformation initiatives.
• 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
• One (1) year of experience in accounting or finance, with a strong understanding of general accounting principles, required
• Knowledge of financial accounting, financial statements, and reconciliations, required
  Proficiency in Microsoft Excel and accounting software, required
  ERP system experience, preferred
  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.

At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.

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.