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Sr Cost Accountant

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Date: Aug 25, 2021

Location: Lakewood, CO, US

Company: Terumo BCT, Inc.

Requisition ID:  27878  


At Terumo Blood and Cell Technologies, our 7,000+ global associates proud to come to work each day, knowing that what we do impacts the lives of patients around the world.


We make medical devices and related products that are used to collect, separate, manufacture and process various components of blood and cells. With our innovative technologies and service offerings, we touch a patient’s life every second of every day and are committed to continuing to increase the number of patients we serve.


With some of the best and brightest minds in the industry, an unmatched global footprint, comprehensive benefits and a distinct culture, Terumo Blood and Cell Technologies is a great place to work, grow and be part of a team that is focused on making a difference. Consider joining our team and unlock your potential. 


This position will directly support the cost accounting function for Terumo BCT’s Colorado factory locations, including the daily management of new and existing financial processes, systems, and reporting, and development of new capabilities.  The position will involve elements of: 1) cost accounting, such as product costing and variance analysis involving materials, labor and overhead, 2) general accounting, including journal entries, account reconciliations, and performance of key internal controls, and 3) coordination of annual planning and periodic forecasting with Operations business partners.    



  • Develops, maintains, and monitors financial systems to ensure integrity in accordance with generally accepted accounting principles and Terumo BCT accounting procedures.
  • Utilizes expertise to interpret the various outside generated requirements and practices and determines their applicability to the business.
  • Analyzes problems and implements solutions to ensure consistency and accuracy of the financial systems. Represents the department or company with internal and external customers to resolve problems of a non-routine nature.
  • Ensures inventories are properly valued in accordance with generally accepted accounting principles and assets are safely guarded.
  • Provides training on transactions and procedures to internal customers as required.
  • Computes and analyzes manufacturing variances and reviews with manufacturing personnel, providing timely and meaningful cost accounting information and analysis for manufacturing. 
  • Responsible for evaluating the adequacy of existing procedures relating to inventory and production, tracking, detailing weaknesses, and implementing improvements. 
  • Assists in the development of standard costs for assigned product lines and monitors actual performance against these standards.
  • Work cross functionally with business partners to prepare full profit and loss plan for assigned product lines and to develop cost estimates of new products.
  • Analyzes General Ledger or sub-system output for consistency and accuracy and resolves questionable items.
  • Analyzes and summarizes accounting data to make comparisons to similar data for other periods and prepares explanatory comments.
  • Assists department managers with their budgets.
  • Develops reporting capabilities and understanding of the multiple systems applications within the Terumo BCT environment.





Bachelor’s degree or, equivalent of education and experience sufficient to successfully perform the essential functions of the job may be considered.



Minimum 5 years experience in a manufacturing environment

  • SAP experience preferred.
  • An advanced degree or certification, such as an MBA, CCE, CMA or CPA beneficial.



  • Demonstrated technical knowledge of the accounting requirements and practices generated by regulatory or professional outside agencies such as FASB, IRS, and SEC.
  • In depth knowledge of and experience in a specialty area such as Taxes, Treasury, Credit, Cost Accounting, or Benefits. 
  • Demonstrated excellent analytical skills.
  • Demonstrated thorough and in depth understanding of the assigned systems.
  • Knowledge and use of relevant PC software applications and skills to use them effectively.
  • Demonstrated ability to communicate effectively both verbally and in writing.
  • Demonstrated ability to provide timely, high quality, and accurate work.
  • Demonstrate strong organizational skills and productive work habits.


An equivalent competency level acquired through a variation of these qualifications may be considered.



Typical Office Environment requirements include: reading, speaking, hearing, close vision, walking, bending, sitting, and occasional lifting up to 20 pounds.


The physical demands described here are representative of those that must be met by an associate to successfully perform the essential duties of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.





Target Pay Range:  $65,000.00 to $81,300.00  -  Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data
Target Bonus on Base:  7.0%


At Terumo Blood and Cell Technologies, we provide competitive total reward offerings that consist of compensation, benefits, recognition, along with a wealth of other well-being, work-life and recognition programs which support in unlocking the potential for you and your family. Included in our expansive list of benefits offerings are multiple group medical, dental and vision plans, a robust wellness program, life insurance and disability coverages, also a variety of voluntary programs such as group accident, hospital indemnity, critical illness, pet insurance and much more. To help you save for retirement, we offer a 401(k) plan with a matching contribution and for work-life balance we have vacation and sick time programs for associates. For us, it’s about protecting the personal welfare of our associates and their families, helping to achieve personal goals and offering those extra touches for convenience, security and overall peace of mind.


  • Terumo Blood and Cell Technologies is part of Terumo Group, founded in 1921 and headquartered in Tokyo, Japan.
  • In 2019, Terumo Blood and Cell Technologies reached $1 billion in revenue.
  • We employ nearly 7,000 associates globally, with global headquarters in Lakewood, CO, U.S., and regional headquarters in Brussels, Buenos Aires, Singapore and Tokyo.
  • We manufacture devices, disposable sets and solutions at our facilities in Belgium, India, Japan, Northern Ireland, the U.S. and Vietnam. Our global presence enables us to serve customers in more than 130 countries.
  • Our core values help set our direction, guide our actions and keep us true to our corporate mission of contributing to society through healthcare.
    • Respect – Appreciative of others
    • Integrity – Guided by our mission
    • Care – Empathetic to patients
    • Quality – Committed to excellence
    • Creativity – Striving for innovation
  • We contribute to the Leukemia and Lymphoma Society (LLS), raising $1.3 million USD since 2007.


We are proud to be an Equal Opportunity Affirmative Action Employer.  All applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, gender identity or expression, sexual orientation, marital status, order of protection status, national origin or ancestry, citizenship status, age, physical or mental disability unrelated to ability, military status or an unfavorable discharge from military service.


Terumo Blood and Cell Technologies is committed to providing a safe, healthy and secure working environment. Our Colorado campus locations are tobacco-free workplaces and we maintain a drug-free workplace and perform pre-employment substance abuse testing and detailed background verification. 

Nearest Major Market: Denver

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