Inventory Accountant

Company Description

Veranova is a global leader in the development and manufacturing of complex active pharmaceutical ingredients (APIs) for pharma and biotech customers. With deep technical expertise and impressive flexibility, we develop solutions and processes that support and accelerate innovation.

Job Description

The Inventory Accountant will play an integral role for Veranova Operations and Finance teams. This role will provide support to the Finance Site Controller and Supply Chain to ensure all inventory is accounted for with primary focus on product & service costing, inventory valuation, and cost analysis. Oversee and manage inventory cost allocations for the West Deptford Veranova Site. Work collaboratively with numerous departments amongst a dynamic and fast-paced team, the Inventory Accountant will utilize their skills and knowledge to implement efficiencies and planning to work towards continuous improvement.

Responsibilities: 

• Responsible for supporting the local operations team in reporting of actual and forecasting of operational costs along with developing an understanding of the variances and drivers.
• Implement improvements for optimization and maintaining accounting of inventory for West Deptford.
• Bring financial support and insight to the S&OP process.
• Implement innovative ways to improve cost accounting process, liaising, and partnering with Procurement/Supply Chain/Material Control.
• Design programs that will ensure precision, efficiency, and accuracy of inventory control accounting.
• Maintain financial accounting system for inventory.
• Support the Finance function in preparation of financial & costing analysis, budgets, performance measurements and ad hoc analysis relating to plant operations.
• Develop, analyze, and maintain standard costs used for inventory valuation.
• Make journal entries and recording all daily, monthly, quarterly, and yearly transactions
• Coordinate accounting processes throughout plant to ensure accuracy.
• Support monthly/annual closure activities and preparation of financial statements in accordance with GAAP.
• Assist in the preparation of supporting schedules and documentation for annual audit, physical inventory, and monthly cycle counts.
• Assist in preparation and analysis of annual budgets, 3YP and strategic plans.
• Complete various key performance indicator reports and provide ad-hoc analysis for senior management.
• Interface with stakeholders in other departments within the organization to facilitate compliance with group financial policies and procedures.
• Performs other related duties as assigned.

Qualifications

• Bachelor’s degree in Finance, Accounting, Management, or similar discipline is required.
• Minimum 2 years of Finance/Accounting/Inventory Control Accounting is required.
• Experience with warehouse inventory, logistics, or supply chain and material handling is required.
• Experience working in Operations or Manufacturing/ development organization is preferred.
• Experience working within pharmaceutical or chemical industry and GMP environment is highly desired
• Strong background, knowledge and proven skills in management accounting, cost and inventory accounting, Generally Accepted Accounting Principles (GAAP), and International Financial Reporting Standards (IFRS) is required.
• A good understanding of the general ledger system is highly desired
• Must have strong IT aptitude to deliver effective reporting, analysis with Microsoft Office proficiency.
• Familiarity with enterprise / ERP system.
• Excellent problem-solving skills and the ability to translate findings into actionable solutions and processes.
• Strong analytical skills are required to quickly grasp issues and opportunities impacting the plants’ financial results.
• Ability to manage projects and work independently.
• Strong verbal and written communication skills and ability to function effectively in a team environment and gain the cooperation/influence individuals across the organization.
• Must be open to new ways of working, adopting harmonized processes and be a catalyst for change.

Additional Information

All your information will be kept confidential according to EEO guidelines.

Veranova is an Equal Opportunity Employer. It is the policy of Veranova to provide equal employment access and opportunity to all persons regardless of age, race, color, national origin, religion, sex, sexual orientation, gender identity and/or expression, physical or mental disability, genetic information, citizenship, marital status, veteran status, or any other characteristic protected by federal, state, or local law.

All applications are carefully considered, and your details will be stored on our secure Application Management System. This is used throughout Veranova for the selection of suitable candidates for our vacancies as they arise. Veranova respects your privacy and is committed to protecting your personal information. For more information about how your personal data is used please view our privacy notice.