Job Description
We are seeking an Inventory and Accounting Specialist to join our team. This role will be responsible for managing inventory valuations, performing cost of goods sold calculations, and collaborating with product leadership on demand planning.
Key Responsibilities:
• Manage a team of 7 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 ClaimManage third-party rebate claims and ensure accurate accounting
• Software Royalty ComputationCalculate software royalties and ensure accurate accounting
• BALANCE SHEET RECONCILIATIONSPerform balance sheet reconciliations for inventory and other relevant accounts
• Product PaymentsManage payments for products and ensure accurate accounting
• Intercompany Cross ChargesManage intercompany cross charges and ensure accurate accounting
• Resale Minus ComputationCalculate resale minus and ensure accurate accounting
• Month/Quarter End ClosingParticipate in month-end and quarter-end closing activities, ensuring timely and accurate financial reporting
• Reporting to Global CFOProvide regular updates on KPIs, reserves, forecasts, automation initiatives, and other key metrics
• Process ImprovementIdentify and implement process improvements to enhance inventory management and accounting efficiency
Qualifications:
• CA or CA Inter or ICWA or MBA Finance with 10+ 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
Key Responsibilities:
• Manage a team of 7 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 ClaimManage third-party rebate claims and ensure accurate accounting
• Software Royalty ComputationCalculate software royalties and ensure accurate accounting
• BALANCE SHEET RECONCILIATIONSPerform balance sheet reconciliations for inventory and other relevant accounts
• Product PaymentsManage payments for products and ensure accurate accounting
• Intercompany Cross ChargesManage intercompany cross charges and ensure accurate accounting
• Resale Minus ComputationCalculate resale minus and ensure accurate accounting
• Month/Quarter End ClosingParticipate in month-end and quarter-end closing activities, ensuring timely and accurate financial reporting
• Reporting to Global CFOProvide regular updates on KPIs, reserves, forecasts, automation initiatives, and other key metrics
• Process ImprovementIdentify and implement process improvements to enhance inventory management and accounting efficiency
Qualifications:
• CA or CA Inter or ICWA or MBA Finance with 10+ 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
💡 Quick Summary
Seeking a career-building opportunity? The Senior Inventory and Accounting Professional position is now open for candidates interested in the Accountant Jobs sector. This role in Pune offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.