Job Description

• Provide regular financial performance updates, analysis, and insights; work closely with site leadership to ensure results are understood and acted upon.
• Prepare and analyze monthly operating results, financial forecasts, and other reports; summarize information for review while meeting tight reporting deadlines.
• Construct financial forecasts and budgets in partnership with site leadership and Regional/Global FP&A teams, covering both capital and P&L forecasts.
• Identify and implement manufacturing efficiencies; track and achieve cost‑saving initiatives.
• Actively participate in factory management operation meetings, offering proactive business advice to ensure strong financial performance.
• Support regional and global FP&A initiatives as required.
• Define and review standard costs in collaboration with the global COSI team and other functional teams; prepare annual profitability plans.
• Prepare hourly rates for budgeting and standard costing processes and provide analysis on variances.
• Assist with product costing to support new business opportunities, forecasting, and variance analysis.
• Provide detailed product information for Site CCPs and Margin Evaluations.
• Support business case evaluations for new projects, product costing, and site‑transfer project assessments within the manufacturing division.
• Evaluate fixed asset acquisitions, ensure approvals per GOA, and support accounting with internal order creation, asset numbering, and capitalization.
• Support periodic fixed asset counts; coordinate with Site Operations for count checks, gap analysis, and approvals for accounting deviations.
• Conduct IQV analysis; coordinate with Site Operations and Procurement to assess inventory health, analyze high inventory impacts on P&L (including obsolescence risk), and finalize monthly provisions.
• Support periodic inventory counts; work with Finance & Accounting and Site Operations for accurate stock‑take, gap analysis, and correct accounting for variances.
• Respond to audit queries related to financial budgets, inventory valuation, and standard cost exercises.
• Ensure compliance and maintain the highest standards of internal control integrity.

• Candidates must be available to travel to Reykjavík, Iceland approximately 3 days each month.

• Tertiary qualification in Finance, Accounting, Economics, or a related discipline.
• Over 5 years of experience in Cost Management Accounting.
• Experience in organizations with global operations.
• Solid knowledge of basic and advanced accounting and financial principles and practices.
• Strong skills in risk analysis, budgeting, and forecasting.
• Experience in product costing and capital projects evaluation.
• Proven ability to work with Site Leadership and Site Operations teams at production sites.
• Advanced PC skills, including MS Excel, Word, and PowerPoint.
• Experience with SAP FICO and Production modules.

• An MBA is advantageous and highly regarded.

Required Skills:

Preferred Skills:

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Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.

Employee Status:

Relocation:

VISA Sponsorship:

Travel Requirements:

Flexible Work Arrangements:

Shift:

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Hazardous Material(s):

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