Principal Accountant

Additional Location(s):  N/A

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:

The Principal Accountant will serve as a key finance partner to the Arden Hills manufacturing plant, providing accounting leadership, financial analysis, and decision support to Operations. This role will own and lead complex accounting activities, with a focus on manufacturing and inventory accounting, and will ensure accurate, timely financial reporting in alignment with company policies and US GAAP.

Key Responsibilities:

 Manufacturing & Plant Support

• Serve as the primary accounting contact for the Arden Hills manufacturing plant, partnering closely with Operations, Supply Chain, and Finance.
• Support monthly manufacturing results, including review of plant P&L, variance analysis, and explanations of key drivers.
• Monitor and analyze manufacturing costs, including material, labor, and overhead, to support product cost control and productivity initiatives.
• Support and review accounts receivable transactions impacting the plant, including billing, credit memos, write-offs, and adjustments.
• Partner with Global Business Services to resolve AR issues that impact plant reporting and performance.
• Analyze AR aging and trends as they relate to plant performance and support initiatives to improve cash collection and reduce disputes for pre-paid inventory

Accounting & Reporting

• Lead month-end, quarter-end, and year-end close activities for plant-related accounts, ensuring accurate and timely journal entries, account reconciliations, and analysis.
• Maintain and reconcile inventory, reserves, and related balance sheet accounts.
• Ensure proper revenue and expense recognition related to plant activities in accordance with company policy and US GAAP.

Systems & Process Improvement

• Utilize SAP ERP to review, analyze, and reconcile financial data, including GL, AR, inventory, and manufacturing cost data.
• Identify and drive process improvements, automation opportunities, and best practices across plant accounting and related processes.
• Support internal and external audits by providing documentation, explanations, and process walkthroughs related to plant accounting and AR.

Business Partnership & Leadership

• Provide financial insight and recommendations to Operations leaders to support decision-making, cost savings, and capital investments.
• Prepare and present clear, concise financial analyses and commentary to finance and business leadership.
• Mentor and provide guidance to other finance and accounting team members as needed.

Required Qualifications:

• Bachelor’s degree in accounting, finance, or a related field.
• Significant progressive experience in accounting or finance roles (including senior-level responsibility).
• Strong understanding of US GAAP and core accounting principles.
• Experience working with SAP ERP in a financial/accounting capacity.
• Experience with accounts receivable processes and transaction flows.
• Advanced Excel skills and comfort working with large data sets.
• Strong analytical, problem-solving, and communication skills, with the ability to explain financial results to non-finance partners.

Preferred Qualifications:

• Manufacturing or plant accounting experience strongly preferred, ideally in a complex, multi-entity environment.
• Experience in a large, global, or matrixed organization.
• Background in medical device, life sciences, or other highly regulated industries is a plus.
• Demonstrated ability to influence cross-functional partners and drive process improvements.
• Detail-oriented with a strong sense of ownership and accountability.
• Able to manage multiple priorities and deadlines in a fast-paced environment.
• Collaborative, proactive, and comfortable working closely with Operations and cross-functional teams.

Requisition ID: 618174

Minimum Salary: $99100 

Maximum Salary: $188300 

The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) – see www.bscbenefitsconnect.com—will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.

Compensation for non-exempt (hourly), non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).

Compensation for exempt, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements).

For MA positions: It is unlawful to require or administer a lie detector test for employment. Violators are subject to criminal penalties and civil liability.

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.

So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just business, it’s personal. And if you’re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!

At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve. 

Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class.

Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status.  Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment.  Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements.   As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company’s policies or protocols change with regard to COVID-19 vaccination.