The opportunity
Primary responsibility is to work in GBS Costing & Inventory Team with a focus on processing Inventory analysis, Costing processes & Accounting in the Finance GBS, in close partnership with business, operations, Procurement, Supply Chain and other accounting teams
In-depth and up to date knowledge of USGAAP and (more complex) Period-end close, Variance analysis, PPV analysis, Absorption costing, materials accounting standards, ageing analysis, inventory provision accounting, as well as the ability to coach and share this guidance across the Finance teams.
Regularly generate and deep-dive analyze Costing processes, variance analysis, Annual Operating Plan (AOP), Latest Best Estimation (LBE), month-end reporting & presentation, monitor Cost of Raw Materials and Production, Diagnose the Cause of Inventory Variance, Stock take variance analysis (PV), Create and Archive Monthly Journal Entries. Responsible for review and analysis of inventory transactions to ensure integrity of inventory value, COGS, and inventory adjustments & provisioning. Developed analysis tools to enhance review of changes to part cost, purchase price variance, to ensure accurate financial reporting of inventory.
Communication and (internal) stakeholder management with higher management levels within the Global Teva organization is required in this process.
The Costing / Inventory Manager mentors a team of professional accountants by guiding, supporting and motivating team members.
How you’ll spend your day
Technical/functional knowledge in Costing, Inventory, Accounting and closing & reporting process area, with strong background of USGAAP
Managing all Costing & inventory related activities including accounting policies and memos, cost accounting and write offs, their reporting and balance sheet reconciliations.
Full responsibility for the initial set-up and carve in of all Costing & inventory accounting activities into the Global Business Services. Therefore tight communication and collaboration with local, regional and global accounting teams where needed
Supervise and oversee the group’s Costing / Inventory and cost of goods sold journal entries
Be fully accountable for all the Costing processes & Inventory accounting activities- plan, report, ageing, provisions, monitor and analyze
Responsible for tight alignment with local accounting and operations as well as procurement and supply chain
Coordination of SOX compliance work for all entities and create further awareness of importance of SOX compliance
Driving Standardization of processes and implementing of Best practices
Support of external and internal audit requests by providing inventory analyses
Management of day-to-day operations and coaching of the team members
Support and lead of complex and international ad-hoc projects and ad-hoc reporting
Support systems implementation and modification to existing system and ensure timely delivery of all system testing and validation.
Process documentations and certifications – will have to ensure that all process are appropriately documented and periodically certified by team members on regular basis.
Build and strengthen client relationships to achieve long-term partnerships
