The posting
We are the people who give possibilities purpose
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.
Job Description
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:
Product Costing & Transfer Pricing Leadership
· 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.
Intercompany Accounting & Transactional FX Accountability
· 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.
Financial Reporting & Compliance
· 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.
Business Partnership & Strategic Support
· 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.
Organization Leadership
· 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
Why Join Us?
To find purpose in the possibilities, we need people who can see the bigger picture, who understand the human story that underpins everything we do. We welcome people with the imagination and drive to help us reinvent the future of healthcare. At BD, you’ll discover a culture in which you can learn, grow and thrive.
We believe that when people connect in person, we learn faster, collaborate more deeply, and build a stronger culture. Join us and enjoy a culture where face-to-face collaboration supports your learning, your progress, and your success.
To learn more about BD visit https://bd.com/careers.
Becton, Dickinson, and Company is an Equal Opportunity Employer. We evaluate applicants without regard to race, color, religion, age, sex, creed, national origin, ancestry, citizenship status, marital or domestic or civil union status, familial status, affectional or sexual orientation, gender identity or expression, genetics, disability, military eligibility or veteran status, and other legally protected characteristics.
Required Skills
Optional Skills
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Primary Work Location
USA NJ - Franklin Lakes
Additional Locations
USA AZ - Tempe Headquarters, USA CA - San Diego Bldg A&B, USA GA - Covington BMD, USA NC - Durham - Roche Drive
Work Shift
At BD, we reward, support and develop our associates through our comprehensive Total Rewards program. We are committed to attracting and retaining high quality talent by providing reward and recognition opportunities that promote a performance-based culture, as well as a competitive package of compensation and benefits programs.
Benefits may include:
Health & Well-being: Medical, dental, vision, health savings and flexible spending accounts, life and disability insurance, wellness resources, mental health support, and disease management programs.
Retirement & Financial Well-being: 401(k), deferred compensation programs, financial counseling, DailyPay, and educational savings resources.
Work-Life Balance & Family Support: Paid time off, company holidays, educational assistance, parental leave, adoption assistance, backup care, caregiving support, employee assistance programs, commuter benefits, pet insurance, legal services, and associate discount programs.
Leave Programs: Bereavement, military, personal, family and medical leave, and jury duty leave.
Additional details regarding benefits and well-being programs can be found in Our Commitment to You.
Our salary or hourly rate ranges reward associates fairly and competitively. We regularly review these ranges and factors, such as location, contribute to the range displayed
Our pay is based on the role and the necessary skills and education to perform it successfully. The salary or hourly rate offered is determined by the role's specific requirements, including any applicable step rate pay system at the work location. Salary or hourly pay ranges are influenced by labor laws and Collective Bargaining Agreement (CBA) requirements applicable to the work location which may also affect the workplace arrangement of the role.
Salary Range Information
$220,700.00 - $353,100.00 USD Annual
