Manager Inventory and InterCo Accounting

Location: Pune, Hyderabad - India

Function: HV Finance
Requisition ID: 1033177

Our Company

We're Hitachi Vantara, the data foundation trusted by the world's innovators. Our resilient, high-performance data infrastructure means that customers - from banks to theme parks - can focus on achieving the incredible with data.

If you've seen the Las Vegas Sphere, you've seen just one example of how we empower businesses to automate, optimize, innovate - and wow their customers. Right now, we're laying the foundation for our next wave of growth. We're looking for people who love being part of a diverse, global team - and who get excited about making a real-world impact with data.

Company Overview

Hitachi Vantara provides information technologies, services and solutions that help companies improve IT costs and agility and innovate with information to make a difference in the world. Our customers gain compelling return on investment (ROI), unmatched return on assets (ROA), and demonstrable business impact. With approximately around 9,800 employees worldwide, Hitachi Vantara does business in more than 100 countries and regions. Our products, services and solutions are trusted by the world's leading enterprises, including more than 70% of the Fortune 100 and more than 80% of the Fortune Global 100.

Hitachi Vantara elevates your innovation advantage by combining IT, operational technology (OT) and domain expertise. Join our team and our employee-focused culture and help drive our customers' data to meaningful customer outcomes!

Job Title: Global Inventory and InterCo Accounting Manager

Job Summary:

We are seeking an experienced Global Inventory and InterCo Accounting Manager to join our team. The successful candidate will be responsible for managing and accounting for global inventory and InterCo transaction across multiple regions, ensuring accurate financial reporting, and compliance with accounting standards. This role requires strong analytical skills, attention to detail, and the ability to work effectively in a fast-paced global environment.

Key Responsibilities:
• Manage a team of 16 people
• Perform inventory valuations, including calculating cost of goods sold, inventory obsolescence, and write-offs.
• Collaborate with product leadership on demand planning and advise on requisite inventory reserves.
• Work with Logistics and FP&A teams to develop freight forecasts (inward/outward).
• Partner with the pricing team to update Oracle standard costs and SFDC costs.
• Present R&O (Risk and Opportunity) items to leadership and participate in collective decision-making.
• Ensure accurate COGS recording against revenue and guide the business team on purchase price variance.
• Ensure calculation related to inventory reserves for On Hand, On Loan, and Excess & Obsolete (E&O) inventory are in alignment with the policy and demand plan.
• RMA and Spares Accounting- Manage accounting for Returns Material Authorizations (RMA) and spares.
• Third Party Rebate Claim: Manage third-party rebate claims and ensure accurate accounting.
• Software Royalty Computation: Calculate software royalties and ensure accurate accounting.
• Balance Sheet Reconciliations: Perform balance sheet reconciliations for inventory and other relevant accounts.
• Product Payments: Manage payments for Hitachi products and ensure accurate accounting.
• Intercompany Cross Charges: Manage intercompany cross charges and ensure accurate accounting.
• Resale Minus Computation: Calculate resale minus and ensure accurate accounting.
• Month/Quarter End Closing: Participate in month-end and quarter-end closing activities, ensuring timely and accurate financial reporting.
• Reporting to Global CFO: Provide regular updates on KPIs, reserves, forecasts, automation initiatives, and other key metrics.
• Process Improvement: Identify and implement process improvements to enhance inventory management and accounting efficiency.
• Collaboration: Work closely with global teams, including logistics, procurement, and finance.
Qualifications
CA or ICWA or MBA Finance with 14+ years of work experience;
• Working in Oracle ERP is an added advantage.
• Must be comfortable communicating directly with senior Business Partners
• Strong accounting and analytical skills, logical reasoning, and time-management skills
• Strong business acumen and judgment and demonstrated ability to work closely and build sustainable business partnerships
• Well-organized and detail-oriented to handle in-depth, special projects.
• Ability to prioritize multiple tasks ensuring that tasks are completed appropriately, and deadlines are met
• Proficient in Microsoft Office applications, specifically Excel and PowerPoint
• Experience with financial accounting systems (Oracle, Hyperion, Essbase)
• Experience with global financial systems and processes.
• Familiarity with data analytics tools.
All qualified applicants will receive consideration for employment without regard to race, color, religion, place of origin, ethnic origin, national origin, ancestry, age, sex, ****** orientation, gender identity, transgender status, genetic information, mental or physical disability, marital status, pregnancy, veteran status, or any other characteristic protected by applicable national, state, or local law.

About us

We're a global team of innovators. Together, we harness engineering excellence and passion for insight to co-create meaningful solutions to complex challenges. We turn organizations into data-driven leaders that can a make positive impact on their industries and society. If you believe that innovation can inspire the future, this is the place to fulfil your purpose and achieve your potential.

#LI-SP7

Championing diversity, equity, and inclusion

Diversity, equity, and inclusion (DEI) are integral to our culture and identity. Diverse thinking, a commitment to allyship, and a culture of empowerment help us achieve powerful results. We want you to be you, with all the ideas, lived experience, and fresh perspective that brings. We support your uniqueness and encourage people from all backgrounds to apply and realize their full potential as part of our team.

How we look after you

We help take care of your today and tomorrow with industry-leading benefits, support, and services that look after your holistic health and wellbeing. We're also champions of life balance and offer flexible arrangements that work for you (role and location dependent). We're always looking for new ways of working that bring out our best, which leads to unexpected ideas. So here, you'll experience a sense of belonging, and discover autonomy, freedom, and ownership as you work alongside talented people you enjoy sharing knowledge with.

We're proud to say we're an equal opportunity employer and welcome all applicants for employment without attention to race, colour, religion, sex, ****** orientation, gender identity, national origin, veteran, age, disability status or any other protected characteristic. Should you need reasonable accommodations during the recruitment process, please let us know so that we can do our best to set you up for success.