Cost of Sales and Inventory (COSI) Process Steward Jobs in New Jersey

Cost of Sales and Inventory (COSI) Process Steward Jobs in New Jersey


Job title: Cost of Sales and Inventory (COSI) Process Steward

Company: Merck & Co.

Expected salary: $80320 – 126500 per year

Location: Rahway, NJ

Cost of Sales and Inventory (COSI) Process Steward Job Details:

Job Description

Position Description:

Cost of Sales and Inventory (COSI) Process Steward

Primary responsibilities for this position include, but are not limited to, the following:

Responsible for understanding the end-to-end business process for costing, inventory, transfer pricing and FSC to:

Ensure relevant risks have been identified and mitigated by appropriately designed controls

Ensure that business processes and controls are clearly documented

Ensure documentation reflects current state execution of end to end process

Ensure controls are executed and documented on a timely basis to maintain an effective control environment

Collaborate with Cost of Sales and Inventory (COSI) team during the month-end close to continue driving process optimization to support the accelerated close calendar

Drive consistent execution of key activities

Identify challenges and implement mitigation plan for following close

Implement appropriate tracking metrics to measure performance

Responsible for the harmonization of business processes to support the Global COSI business delivery model.

Share best practices with the COSI team to drive further efficiencies and effectiveness.

Responsible for Internal Controls System (Archer)

Maintain control over the Archer system and ensure the information updated timely

Coordinate both internal and external audits of the COSI team

Partner with audit to understand process changes/control impacts, align on remediation plans (if needed) and identify opportunities for improvement

Partner with the Costa Rica BSC to fully realize the IC COE scope within the BSC; including the process ownership and governance components.

Partner with GBS (Global Business Services) organization to identify and implement automation.

Position Qualifications:

Education Minimum Requirement:

BS/BA is required

BS in Accounting required

CPA preferred

Required Experience and Skills:

4+ years accounting/finance experience

Excellent communication, collaboration and interpersonal skills required along with demonstrated experience working with global and cross-functional teams

Strong analytical skills, detail oriented, effective communication and interpersonal skills, ability to build effective working relationships across functions, willingness and capability to gather data and understand the desired outcomes cross functionally, project management skills and results oriented

Engages customers and stakeholders and demonstrates knowledge and awareness of their needs/expectation

Preferred Experience and Skills:

Experience working in SAP and/or HFM.


In accordance with all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.

If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.



Employees working in roles that the Company determines require routine collaboration with external stakeholders, such as customer-facing commercial, or research-based roles, will be expected to comply not only with Company policy but also with policies established by such external stakeholders (for example, a requirement to be vaccinated against COVID-19 in order to access a facility or meet with stakeholders). Please understand that, as permitted by applicable law, if you have not been vaccinated against COVID-19 and an essential function of your job is to call on external stakeholders who require vaccination to enter their premises or engage in face-to-face meetings, then your employment may pose an undue burden to business operations, in which case you may not be offered employment, or your employment could be terminated. Please also note that, where permitted by applicable law, the Company reserves the right to require COVID-19 vaccinations for positions, such as in Global Employee Health, where the Company determines in its discretion that the nature of the role presents an increased risk of disease transmission.

Current Employees apply

Current Contingent Workers apply

US and Puerto Rico Residents Only:

Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please if you need an accommodation during the application or hiring process.

We are an Equal Opportunity Employer, committed to fostering an inclusive and diverse workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status, or other applicable legally protected characteristics. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit:

We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively.

U.S. Hybrid Work Model

Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, generally Tuesday, Wednesday and either Monday or Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.

Under New York City, Colorado State, Washington State, and California State law, the Company is required to provide a reasonable estimate of the salary range for this job. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate’s relevant skills, experience, and education.

Expected salary range: $80,320.00 – $126,500.00

Available benefits include bonus eligibility, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. For Washington State Jobs, a summary of benefits is listed .

Search Firm Representatives Please Read Carefully

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: Regular

Relocation: No relocation

VISA Sponsorship: No

Travel Requirements: No Travel Required

Flexible Work Arrangements: Hybrid

Shift: Not Indicated

Valid Driving License: No

Hazardous Material(s): n/a

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