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 Hitachi 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.
- Collaboration
- Work closely with global teams, including logistics, procurement, and finance.
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.
