Inventory Accountant

Senior Specialist, Inventory Accounting

Hyderabad Office (Onsite 5 days a week)

The Azurity Accounting Team is searching for an Inventory Accounting Senior Specialist to join the team as we build out best-in-class finance processes and ensure quality information is available for decision making. This person needs to be a go-getter who can take ownership of their areas. The Inventory Accounting Sr Specialist needs to build relationships with Commercial, Legal, Accounting to ensure information flows from the business to Accounting and then to FP&A. When issues arise, this person should be ambitious, ready to dig in to determine root cause and the path forward.

Role and Responsibilities

The responsibilities include but are not limited to:

• Track and analyze stock movements, purchases and consumption
• Maintain inventory records in Financial System.
• Verify system computed inventory costs using standard accounting methods.
• Analyse cost variances and report discrepancies.
• As per requirements, assist in setting and monitoring standard costs for inventory items.
• Prepare and review inventory related journal entries
• Ensure compliance with accounting principles in inventory valuation.
• Generate inventory reports for management and auditors.
• Ensure adherence to company policies and accounting regulations.

Qualifications and Education Requirements

• CA/CWA with 4-6 years of experience or a Commerce graduate/MBA with at least 12+ years of experience
• Pharmaceutical industry experience is a plus.
• Working knowledge of US GAAP
• Experience with Oracle Fusion preferred.
• Strong PC skills including proficiency with Microsoft Office products (Excel, Word, PowerPoint, Outlook) and financial accounting systems.
• Strong analytical skills, accuracy, and attention to detail are a must

Preferred Skills

• Strong analytical skills, able to identify and interpret trends and improve financial forecasting
• Team player, with exceptional interpersonal skills, able to work with a diverse and broad range of stakeholders across the organization
• Ability to work flexibly with conflicting demands so that work is scheduled to meet changing priorities and deadlines.