Assistant Manager- Inventory Accounting -Curia Global Shared Services

Role & responsibilities

The Inventory Accounting Assistant Manager is responsible for performing the following tasks related to period close:

• Executing period close jobs/procedures in ERP such as standard cost rollup, period close, subledger accounting (SLA), purchasing, etc.
• Perform accounting edit checks & diagnostics to identify, analyze, and clear any errors that are preventing period close
• Reconcile inventory subledger and the walk to the ending value in the general ledger at the item-lot level
• Prepare and record capitalization & amortization adjustments for purchasing and manufacturing variances
• Perform monthly reserve analysis and adjustments
• Cost analysis, inventory control, product unit cost reporting
• Participating in projects and COE initiatives that improve the accounting practices and procedures and Provide support for special projects on an as needed basis
• Analysis of materials wise cost absorption and performing variances analysis
• Standard cost Updation - annual
• Preparation of Product Costing/ MIS / Estimated plant performance statement
• Reconcile and record surplus/deficit related to the annual physical inventory counts
• Prepare and summarize detailed rollforward/rollback of physical inventory count to year-end.
• Support internal/external audit requests
• Support efforts to improve or modify system accounting logic/mapping
• Monitor and test inventory processes and methodologies to ensure compliance with company accounting policies
• Calculate monthly ASC 606 inventory derecognition adjustments
• Perform periodic inventory forecasts
• Passing monthly closing entries in the books.
• Support the annual standards update
• Maintain and improve existing reporting and the development of new reporting.
• Support the general accounting element of strategic business initiatives and transactions, including mergers and acquisitions and the related due diligence and integration activities, as needed.

Preferred candidate profile

• Accounting Graduate/Masters, / CMA-Inter / CA-Inter or any other Graduate degree in Accounting or equivalent experience;
• 11-13 years of accounting experience inventory accounting / cost accounting highly preferred
• Enterprise software experience required, Oracle experience required
• Management of diverse data population good organizational skills
• Ability to interact with various levels of employees, customers and vendors
• Strong analytical skills
• Good communication skills
• Good time management skills
• Ability to manage multiple priorities
• Shared services experience is preferred.

• This role is based out our global shared services center located at Hyderabad.