Inventory and InterCo Accounting - Supervisor
- Hitachi Vantara
- 10 - 15 years
- Pune
- 9 days ago
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Job Description
Job Summary:
We are seeking an experienced Global Inventory and InterCo Accounting Manager to join our team. The successful candidate will be responsible for managing and accounting for global inventory and InterCo transaction across multiple regions, ensuring accurate financial reporting, and compliance with accounting standards. This role requires strong analytical skills, attention to detail, and the ability to work effectively in a fast-paced global environment.
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 Claim: Manage third-party rebate claims and ensure accurate accounting.
- Software Royalty Computation: Calculate software royalties and ensure accurate accounting.
- Balance Sheet Reconciliations: Perform balance sheet reconciliations for inventory and other relevant accounts.
- Product Payments: Manage payments for Hitachi products and ensure accurate accounting.
- Intercompany Cross Charges: Manage intercompany cross charges and ensure accurate accounting.
- Resale Minus Computation: Calculate resale minus and ensure accurate accounting.
- Month/Quarter End Closing: Participate in month-end and quarter-end closing activities, ensuring timely and accurate financial reporting.
- Reporting to Global CFO: Provide regular updates on KPIs, reserves, forecasts, automation initiatives, and other key metrics.
- Process Improvement: Identify 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.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: FinanceRole: Finance ExecutiveEmployement Type: Full timeContact Details:
Company: Hitachi VantaraLocation(s): Pune
Keyskills: InterCo Accounting global financial systems Hyperion Oracle ERP accounting Essbase Oracle Data analytical
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