Responsible for regularly generate and analyse Inventory reports for the assigned site location, Support site Finance team on analysis of Cost of Raw Materials and Production, Inventory Variance analysis, updating of valuation class, Create and Archive Monthly Journal Entries. Analysis of inventory transactions to ensure integrity of inventory value, COGS, and inventory adjustments & provisioning, purchase price variance, to ensure accurate financial reporting of inventory.
Communication and (internal) stakeholder management with higher management levels within the Global Teva organization is required in this process.
KEY RESPONSIBILITIES
- Technical/functional knowledge in Inventory Accounting, Closing and inventory reporting
- Preparation of Journal Entries & Supporting schedule
- Perform Monthly and quarterly inventory close activities of multiple entities
- Analysis of the inventory and variances per legal entities, obtain explanation on deviations and prepare a summarized reporting on a monthly basis within scheduled time
- Preparation & clearance of reconciling items of account reconciliations
- Hands on experience in submission of trial balance in HFM
- Hands on experience in Inventory analysis support site Finance leaders
- Identify & drive standardization opportunities in processes and tasks across the team
- Support of external and internal audit requests by providing inventory analyses
- Management of day-to-day operations relating to inventory accounting & analysis
- Ensuring that accounting books and records comply with accounting policies and regulations
- Provide supporting documents and explanations for all internal and external audit as and when required
Participate in ad-hoc activities and projects
SKILLS/QUALIFICATIONS:
- University education in Accounting or Finance required
- ICWA / CA / MBA
- Minimum experience of 4+ years of inventory accounting & reporting experience
- Preferably familiar with USGAAP
- Working knowledge of internal controls
- Good working knowledge of SAP
- Good analytical skills and have hands on experience on inventory working & analysis
- Fluent verbal and written communication in English
- Experience in a multinational firm or within a GBS (Global Business Service) is preferred
- Hands-on and proactive; strong organizational skills
- Accustomed to working with deadlines, in a dynamic environment
- Results driven and service oriented to internal and external customers
- Excellent collaboration with colleagues within the local organization and with the colleagues of the global business service to support the overall Finance department’s goals and objectives
- Flexible and able to work in a changing environment
- Strong focus on improvement opportunities
- Want to work in a new (to be) established team
- Process documentations and certifications – will have to ensure that all process are appropriately documented and periodically certified by team members on regular basis
- The individuals must have hands on experience in preparing process flows
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