Principal Cost and Inventory Accountant

About the role

Revvity is a developer and provider of end-to-end solutions designed to help scientists, researchers, and clinicians solve the world's greatest health challenges. We pair the enthusiasm of an industry disruptor with the experience of a longtime leader. Our team of 11,000+ colleagues from around the globe are vital to our success and the reason we're able to push boundaries in pursuit of better human health. Find your future at Revvity We are seeking a detail-oriented Senior Cost & Inventory Accountant to join our dynamic finance team at Revvity's Lafayette operations. This critical role offers the opportunity to drive financial excellence across our innovative Dharmacon Inc. and BIOO business units while partnering with cross-functional teams to optimize manufacturing operations. This is a hybrid role based at our Lafayette site . As a key member of our accounting organization, you'll take ownership of complex inventory accounting processes, manage global royalty operations, and serve as a trusted financial advisor to our manufacturing teams. This position is ideal for an experienced accounting professional looking to make a meaningful impact in the life sciences industry while advancing their career with a leading global company. Role Overview: As the Senior Cost Accountant, you will take full ownership of all inventory accounting operations under ASC 330 for both the Dharmacon Inc. and BIOO business units, ensuring financial accuracy and operational excellence. This role includes managing local ledger entries, product BOM standard costing, variance analysis, Cycle Counts, and Excess & O bsolescence tracking management. You'll deliver timely , precise financial data while leading robust inventory controls. Beyond technical accounting expertise , you'll champion cross-functional collaboration and continuous process improvement, delivering strategic financial analysis that supports the success of Lafayette operations. Y ou'll also oversee our global supplier royalty program: calculating, validating , and initiating payments for Dharmacon and BIOO sales worldwide ensuring compliance and strong vendor partnerships. As a trusted finance business partner to Manufacturing Operations, you'll provide critical financial oversight and actionable insights that drive performance (Actual, AOP, Forecast) , efficiency, and data-informed decision-making across our manufacturing network on key indicators such as HC, OPEX, CAPEX, and Spending Job Responsibilities: Core Inventory Accounting Account for inventory under ASC 330 for two businesses located in Lafayette, Colorado Oversee comprehensive inventory accounting , including scrap management, cycle count coordination, and reserve calculations for Lafayette manufacturing operations I nteract and work with the operations teams in Lafayette, Colorado Interact with controlling teams in the UK and Poland for posting entries Manage relationships with external service providers supporting inventory accounting functions, including review and oversight of outsourced work Monthly Operations & Analysis For both businesses: Propose month-end adjustments by product line based on operations inventory stock reports Perform sophisticated journal entries and detailed general ledger account analysis to support accurate financial reporting Reconcile inventory and related accounts on a monthly basis , leading process improvements for GL to subledger reconciliations Perform/manage cycle count process Maintain the LIM systems; purchasing and sale of inventory items and interaction with D365 and SAP systems Calculate and propose inventory reserve amounts Monitor movements between inventory (raw material, work in process, and finished goods) Review monthly costs, including manufacturing expense and other costs, variances, etc. Conduct monthly variance analysis of process orders, material manufacturing variances, scrap, absorption, and spending patterns Perform and assess the annual standard cost updates Plan/budget labor overhead rates and other burden rates for manufacturing Coordination of monthly inventory close activities with the sites Execute month-end close accounting and reporting requirements, operating expenses controlling & compliance, variance analysis & commentary, and presenting on financial performance, staffing, and key financial metrics regularly Cross-Functional Partner with Supply Chain, Operations, Quality Operations, and Planning teams to ensure accurate inventory valuation and reporting across Lafayette operations Lead accounting controls functions and reporting requirements for inventory reserves, pre-approval manufacturing processes, and standard costing systems Support the development of new systems, processes, and reports Support the Controller with special projects and workflow process improvements Serve as finance and business partner for Operations, and provide