Job
Description
POSITION PURPOSE A brief summary of the purpose this position must fulfill. As part of Viatris Global Business Services (GBS) the Inventory and Manufacturing Centre of Excellence (I&M COE) specializes in financial management and accounting for inventory and manufacturing operations as well as overseeing the transfer price setting through system support across the Viatris global network. Focusing talent in the newly created COE enables Viatris to deliver best in class service while scaling the business to achieve operational excellence. The I&M COE are key business advisors fostered by a culture of continuous improvement, collaboration and employee development. The Manager is responsible for overseeing the end-to-end accounting across their team. The team is responsible for the continuous support of the finance operations for Viatris local manufacturing plants and commercial sites in their daily operations and partnering to achieve their strategic initiatives. The role holder will also need to liaise with other functions such as Viatris’ Intercompany Operations (IO) Finance team and Viatris’ Supply Chain Team & reporting teams. In addition, the role will interact with Global Tax, Big4 tax advisors, external and internal auditors. The role holder should have a clear understanding of management accounting. They should be knowledgeable and comfortable with inventory accounting principles and PPV processes to excel in the position. Additionally, they should be comfortable navigating issue resolution, controls, audit and reporting related processes – access management and KPI reporting. IT literacy and experience using enterprise performance management systems is important (SAP experience is required for the role, Hyperion experience is an advantage for the position). Experience in people management is also an advantage for this role. As manger, the position requires the individual to use their leadership skills to support their direct reports in their month-end activities, as well as managing relationships with our key stakeholders. Perform job functions in accordance with all applicable Standard Operating Procedures (SOP), federal and state laws, Occupational Safety and Health Administration (OSHA) guidelines, health authority regulations, departmental processes and ensures that all Service Level Agreements and KPIs are met. POSITION CONTEXT A brief summary of the context of this position. Global Business Services (GBS) is an organization which offers services to all Viatris units. The goal is to provide scalable, sustainable and streamlined service delivery. From a shared service concept, the employee executes services as agreed with the GBS customers. At Viatris we offer a wide range of benefits and programs that are tailored locally to meet the unique needs of employees to help them achieve what matters most. We recognize and reward the Viatris team in many ways: Hybrid work arrangements in most locations Benefits for health and financial wellness, including education and activities designed to help employees and their families live a healthy lifestyle Paid time off and holidays Retirement savings plans Competitive compensation programs Career and development planning for continuous growth and learning Volunteer opportunities in support of community and charitable organizations ESSENTIAL DUTIES AND RESPONSIBILITIES Manager will oversee/support work carried out by their team in the areas laid out below. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties. Manufacturing and Inventory area - Analysis and reporting of PPV (Purchase Price Variance) and MUV (manufacturing usage variance), working with the site to identify and resolve such issues. - Analysis of manufacturing and overhead spend. - Analysis & maintenance of standard cost and PRIME profit factors. - Run reconciliations from SAP against PRIME (transfer price setting tool) and HFM (consolidation tool). - Accruals review and reversals. - Perform corporate reporting and reconciliations for inventory & sales/cogs data. - Review and analysis of inventory reserves & net inventory. - Amortization & deferrals of variances. PRIME (Transfer Pricing and IC margin elimination) - Manage for a set of entities the process of collecting data inputs into the PRIME system for the annual transfer price setting. - Gather, cleanse, and organize necessary data for the monthly updating of the PRIME system for new or updated products. - Follow up with relevant stakeholders to address incomplete or inaccurate data. - Conduct profit factor analysis to ensure the completeness and accuracy of system updates. - Representing the point of contact for a set of entities for PII (profit in inventory) and cogs credit. General - Work with other organizations, such as Master Data, Procurement and General Ledger, Account Payable, Accounts Receivable, and internal and external Stakeholders to ensure process efficiency and maintain business relationships. - Ensure that SOPs (Standard Operating Procedures) and Internal controls over financial reporting are properly documented and updated. - Complete assigned job functions within a dynamic support organization to accomplish departmental goals. - Ensure all duties are performed within the guidelines of the company's internal controls, policies, and procedures. - Responsible for month-end closings and reconciliations within required deadlines. Ensure the proper application of both GAAP and local statutory requirements over transactions impacting trial balance and balance sheet. - Support audits, internal & external. - Perform other duties as assigned.
