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Senior Financial Analyst
2 months ago
The Sr. Inventory Accounting Analyst is a key member of the organization and is responsible for calculation and booking of Raw Material and Finished Goods obsolescence for all domestic inventory concepts. This position is also responsible for maintaining the Phase Matrix process, working with multiple levels of management across divisions, which is critical in helping drive working capital improvement. This position also owns the booking of all entries related to Quality Hold along with reconciliation and reporting on that activity. The Senior Analyst will assist in creating, reviewing, and updating inventory accounting policy and procedures that will standardize inventory accounting practices. Finally, this position will assist with all domestic system implementations as it relates to the financial and operational impacts to obsolescence and quality hold.
CORE RESPONSIBILITIES AND TASKS
Manage the Finished Goods obsolescence reserves
Prepare monthly calculations and reporting on current obsolescence levels to the Business Unit
Book monthly, quarterly, and annual true up entries
Monthly reconciliation of the obsolescence reserve accounts
Drive the quarterly Phase Matrix process
Prepare quarterly reporting for BU review regarding SKUs meeting criteria for phase change
Collect feedback from BU and lead quarterly meeting to review responses
Work with Reverse Logistics on liquidation or disposal of old age/obsolete inventory
Manage the Raw Material obsolescence reserve
Prepare monthly calculations and reporting on current obsolescence levels to Sites and Operations
Book monthly true up entries
Monthly reconciliation of the obsolescence reserve accounts
Manage the Quality Hold reserve
Book monthly entries to true up the reserve and pass charges to the responsible party
Reconcile all QA Hold activity and provide summary reporting to management
Provide monthly reporting to Sites detailing expected charges for that month
Oversee MCC Label accounting process
Track and reconcile charges and credits related to old age billing and verify their legitimacy
Code the monthly direct bill file and pass charges to appropriate party
Other tasks including the following
Fulfilling audit requests and walkthrough of reserve accounting process
Toller accounting entries and reconciliation
POSITION REQUIREMENTS
FORMAL EDUCATION:
Required:
Bachelor's Degree with a major in Accounting or Finance.
KNOWLEDGE & EXPERIENCE:
Required:
3+ years of accounting or finance experience.
Preferred:
1-2 years of manufacturing finance experience
Strong analytical, problem solving, and communication skills
Experience with QAD, Advanced Order Management (AOM), OneStream, and Business Objects (BO)
Auditing Experience
TECHNICAL/SKILL REQUIREMENTS:
Required:
Working knowledge of Microsoft Office applications, particularly Excel.
Preferred:
Knowledge of current Global Supply Chain inventory processes.
Travel 10%
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