Title: Inventory Management / Cost Accountant Department: Accounting Location: Marlborough, MA
About Akoya Biosciences: As “The Spatial Biology Company®”, Akoya Biosciences’ mission is to bring context to the world of biology and human health through the power of spatial phenotyping. The company offers comprehensive single-cell imaging solutions that allow researchers to phenotype cells with spatial context and visualize how they organize and interact to influence disease progression and treatment response. Akoya offers two distinct solutions, the CODEX® and Phenoptics™ platforms, to serve the diverse needs of researchers across discovery, translational and clinical research.
Position Summary: The Inventory Management / Cost Accountant is an experienced professional responsible for managing the complete inventory accounting function while maintaining and ensuring compliance with accounting policies, procedures and SOX controls. The incumbent will work closely with the operations department to determine usage, complete monthly inventory adjustments, and direct the periodic physical inventory counts for both on and offsite locations. The ideal candidate will have experience utilizing NetSuite, have an understanding of supply chain operations, data analytical skills and a strong knowledge of GAAP and SOX. The ability to build strong relationships is a must.
Duties & Responsibilities:
• Manage the inventory accounting function consisting of the monthly/quarterly closing process including preparation of all journal entries, and monthly/quarterly balance sheet reconciliations. • Maintain and ensure ongoing compliance with accounting policies, procedures & SOX Controls. • Inventory costing-Work closely with Operations to ensure Costed BOMS are up to date and accurate. • Reserve analysis-Calculate Inventory reserve Monthly/Quarterly • Work closely with internal departments to determine internal usage on a monthly basis • Work closely with operations to complete monthly inventory adjustments as needed • Assists with product line margin analysis. • Inventory Obsolescence • Ensure inventory items are setup appropriately in Netsuite, mapping to correct GL Accounts • Capitalization rules surrounding inventory accounting. • Ensure timely/accurate recording of Akoya owned inventory usage at contract manufacturer site. • Provide operations with monthly item detail inventory variance reports by contract manufacturer/warehouse site. • Collaborate with Operations Team on timely & accurate reconciliation of external inventory against internally tracked perpetual balances. • Assist in quarterly reviews and year-end audit • In conjunction with operations personnel, direct the periodic physical inventory counts for onsite and offsite locations, and coordinate as needed with internal and external auditors.
1080 O’Brien Drive. Suite A, Menlo Park, CA 94025 | 855.896.8401 | www.akoyabio.com | 100 Campus Drive, 6th Floor, Marlborough, MA 01752
Skills & Requirements
• Bachelor’s Degree in Accounting, Finance, or a business-related field • Three to 5 years of relevant experience • The ability to work closely with other departments to ensure completeness and accuracy of all accrued expenses related to Inventory. • Knowledge of Supply Chain Operations • Data analytical experience • Strong knowledge of Generally Accepted Accounting Principles (GAAP) and SOX • Knowledge of NetSuite • Proficient in Excel • Excellent written and verbal communication skills with ability to build relationships • Ability to meet deadlines • Strong attention to detail
Akoya Biosciences, Inc. proudly affords equal employment opportunity to all qualified persons regardless of race, color, religious creed, national origin, age, military status, sexual orientation, disability, genetic information, gender identity, gender expression or gender unless based upon a bona fide occupational qualification.
Apply at: [email protected]
1080 O’Brien Drive. Suite A, Menlo Park, CA 94025 | 855.896.8401 | www.akoyabio.com | 100 Campus Drive, 6th Floor, Marlborough, MA 01752