Senior Analyst, Cost Accounting & Product Costing

Senior Analyst, Cost Accounting & Product Costing

Work mode: Hybrid

Onsite Location(s): Maple Grove, MN, US, 55311

Additional Location(s): US-MN-Arden Hills; US-IN-Spencer

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - High Performance

At Boston Scientific, we'll give you the opportunity to harness all that's within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we'll help you in advancing your skills and career. Here, you'll be supported in progressing whatever your ambitions.

About the Role

At Boston Scientific, your way forward is our way forward. We're seeking a Senior Analyst, Cost Accounting & Product Costing to join our collaborative ERP transformation team. In this role, you'll support product costing operations across our global manufacturing network, partnering with plant and operations teams to ensure accurate cost data and compliant processes. You'll play a key role in advancing SAP deployments and modernizing product costing systems to improve visibility, streamline workflows and drive operational excellence.

Work model, sponsorship, relocation:

At Boston Scientific, we value collaboration and synergy. This role follows a hybrid work model requiring employees to be in our local office at least three days per week. Boston Scientific will not offer sponsorship or take over sponsorship of an employment visa for this position at this time. Relocation assistance is not available for this position at this time.

Your Responsibilities Will Include:

• Maintain and improve standard product costing, including BOM and routing reviews, overhead and labor rate updates, and the annual standard cost roll
• Perform weekly work order closures and analyze purchase price variance, labor, and overhead variances
• Partner with Operations and Engineering to identify root causes and implement corrective actions for variances
• Prepare monthly COGS and inventory reports; reconcile raw material, WIP, and finished goods; investigate and resolve discrepancies
• Lead and coordinate cycle counts and physical inventories, ensuring SOX-compliant documentation and controls
• Prepare journal entries and account reconciliations; support internal and external audits with product costing schedules and evidence
• Estimate product costing for new and proposed products; provide costed BOMs to support NPI and pricing decisions
• Serve as the product costing SME for SAP deployments, including validation of master data, costing variants, valuation classes, and account determination
• Execute user acceptance testing for product costing and material ledger modules; define test scenarios such as work order closure, variance flows, and revaluation
• Train site super users on product costing processes; develop clear SOPs and quick reference guides
• Identify and drive process improvements within SAP and MES systems to reduce manual work and improve close timeliness

Qualifications

Required qualifications:

• Bachelor's degree
• 3+ years of product costing and/or cost accounting
• Proficiency with ERP and manufacturing execution systems (MES) used in cost accounting and manufacturing environments, as well as advanced Excel
• Hands-on experience with work order closures, PPV/usage/labor/overhead analysis, product costing rolls, and inventory reconciliations
• Strong knowledge of BOMs, routings, product structures, and their impact on standard product costing and COGS
• Proven ability to partner with teams to resolve process and master data issues
• Experience with Hyperion or similar reporting tools

Preferred qualifications:

• Bachelor's degree in accounting
• Proficiency with SAP (CO-PC, Material Ledger), SAP S/4HANA, Hyperion, and manufacturing execution systems (MES)
• CMA or CPA certification
• Familiarity with SOX-compliant financial controls
• Experience working in a highly regulated manufacturing environment (e.g., medical devices, pharmaceuticals, aerospace), with knowledge of compliance and quality system requirements