Assistant Manager, Inventory Accounting- Global Shared Services

1. The Assistant Manager/ Deputy Manager Inventory Accounting will be responsible for performing the following tasks related to period close:

Executing period close jobs/procedures in ERP such as standard cost rollup, period close, subledger accounting (SLA), purchasing, etc.

Perform accounting edit checks & diagnostics to identify, analyze, and clear any errors that are preventing period close

Reconcile inventory subledger and the walk to the ending value in the general ledger at the item-lot level

Prepare and record capitalization & amortization adjustments for purchasing and manufacturing variances

Perform monthly reserve analysis and adjustments

Calculate monthly ASC 606 inventory derecognition adjustments

2. The Inventory Accounting Specialist is responsible for performing the following tasks outside of period close:

Reconcile and record surplus/deficit related to the annual physical inventory counts

Prepare and summarize detailed roll forward/rollback of physical inventory count to year-end.

Support internal/external audit requests

Support efforts to improve or modify system accounting logic/mapping

Monitor and test inventory processes and methodologies to ensure compliance with company accounting policies

Perform periodic inventory forecasts

Support the annual standards update

Maintain and improve existing reporting and the development of new reporting.

3. Responsible for actively supporting close acceleration initiatives that achieve and maintain a maximum 4-day close cycle.

4. Support the general accounting element of strategic business initiatives and transactions, including mergers and acquisitions and the related due diligence and integration activities, as needed.

5. Provide support for special projects on an as needed basis

Education and/or Experience

Accounting Graduate/Masters, / CMA-Inter / CA-Inter or any other Graduate degree in Accounting or equivalent experience.

10-13 years of accounting experience inventory accounting / cost accounting highly preferred

Enterprise software experience required Oracle experience required

Management of diverse data population good organizational skills

Ability to interact with various levels of employees, customers and vendors