Sr Director, Principal, Inventory & Costing (PIC) COE

BD is one of the largest global medical technology companies in the world. Advancing the world of health™ is our Purpose, and it’s no small feat. It takes the imagination and passion of all of us—from design and engineering to the manufacturing and marketing of our billions of MedTech products per year—to look at the impossible and find transformative solutions that turn dreams into possibilities.

The Senior Director, Principal, Inventory & Costing (PIC) Center of Excellence (COE) is responsible for leading the global finance function supporting financial flows, inclusive of end-to-end product costing, intercompany including profit-in-inventory requirements, transactional FX oversight, and transfer pricing governance. This role ensures the integrity of cost accounting processes, transfer pricing compliance, and financial reporting while driving standardization, operational excellence, and continuous improvement across a global organization.

The leader partners closely with Integrated Supply Chain including Logistics, Planning, Global Trade, Manufacturing, and Procurement, Commercial Finance, Tax, FP&A, Procurement, IT, and Global Business Services (GBS) teams to provide accurate product costs, maintain inventory controls, support strategic business decisions, and ensure compliance with accounting standards and tax regulations.

Key Responsibilities:

·         Own the global product costing strategy, governance, and operating model including annual and periodic standard cost updates.

·         Ensure accurate standard costing, actual costing, variance analysis, and cost roll processes.

·         Develop protocols for cost accounting activities related to new product launches, sourcing changes, footprint optimization, and manufacturing transfers.

·         Partner with Corporate Tax to establish and maintain compliant transfer pricing methodologies.

·         Ensure accurate financial execution of intercompany pricing and cross-border transactions.

·         Lead implementation and monitoring of transfer pricing policies across global entities.

·         Monitor and maintain KPIs associated with Profit-in-Inventory requirements including reserve threshold tolerance, cost / price system SKU matching, timing, etc.

·         Closely monitor and coordinate with owners of GRIR, in-transit, and other related reconciliations in GBS organizations to ensure accuracy across the balance sheet where offsets occur.

·         Operationalize strategies for automation and process improvements across flows to minimize transactional cost of maintenance.

·         Ensure FX impacts of intercompany accounting are correctly reflected in the P&L and balance sheet.

·         Accountable for transactional FX forecast and budget ensuring both intercompany and key exposures (e.g., toll manufacturer exposures, key sourcing contracts, etc.) are loaded timely and accurately to ensure effective coordination with Treasury on hedge programs.

Partner on Financial Flow Impacts Related to Tariffs 

·         Partner with financial leadership, including Tariff Finance, for tariff mitigation and recovery initiatives, translating regulatory and business changes into timely accounting, forecasts, scenario analyses, and executive insights.

·         Educate and/or escalate financial flow or physical flow changes to Tariff Finance and Global Trade teams to influence optimized end-to-end cost scenarios where relevant.

·         Ensure integrity of inventory, cost accounting, and intercompany balances reported in external and internal financial statements.

·         Review and approve key journal entries, account reconciliations, and balance sheet analyses.

·         Maintain strong SOX and internal control compliance.

·         Support audit activities including but not limited to data requests, remediation activities for audit findings / control deficiencies, and consistent documentation storage and collection.

·         Partner with Corporate Accounting and External Auditors on technical accounting matters.

·         Act as a trusted advisor to Integrated Supply Chain, Business Unit, Region, and Tax leadership. 

·         Support strategic initiatives including acquisitions, divestitures, ERP implementations, and finance transformations.

·         Global ISC Finance expert consultant for physical and financial flows; monitor changes both planned and unplanned for engagement and escalation of financial risks / opportunities.

·         Partner with broader ISC Finance organization to provide inputs and influence network redesigns, sourcing strategies, legal entity changes, and production footprint decisions for optimized financial success.

·         Deliver meaningful business insights through cost and profitability analytics.

·         Stand-up organization Lead and develop a high-performing global team of costing, inventory, and transfer pricing professionals.

·         Manage talent virtually.

·         Establish clear performance expectations, development plans, and succession strategies.

·         Promote standardization, automation, and continuous improvement across global processes.

·         Drive adoption of digital tools, analytics, and AI-enabled solutions to improve efficiency and decision-making.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Management or related field.
• 12+ years of progressive experience in Finance, Cost Accounting, Supply Chain / Operations Finance, Transfer Pricing, and/or Controllership.
• 5+ years of leadership experience managing global teams and complex finance operations.
• Strong experience supporting multinational manufacturing or product-based organizations.
• Demonstrated experience with ERP platforms such as SAP and JDE.
• Experience leading finance transformation and process standardization initiatives.
• Proven ability to lead strategic service design and implementation while maintaining day-to-day operations.
• A global, customer-first mindset with strong business acumen.
• Excellent leadership, communication skills.
• A collaborative, can-do mentality, with the ability to drive change management initiatives.
• Track record of driving business results in ambiguous and fluid situations

Preferred

• Master’s degree is a plus.
• CPA, CMA preferred
• Experience leading prior PIC function or COE / Shared Services teams

• Preferred: Experience in Lean, VSM and Six Sigma