Expert Inventory Costing Specialist

1 week ago

Cork, Cork, Ireland beBeeCostAccountant Full time €60,000 - €80,000
Job Title:

Senior Financial Analyst

Description:
  • Assist in managing and maintaining accurate inventory records, including material purchases, overhead absorption and contract manufacturing costs.
  • Develop a deep understanding of the company's financial operations, including data mining and analysis to inform business decisions.
  • Collaborate with cross-functional teams to ensure timely and accurate reporting, including month-end close responsibilities and balance sheet reconciliations.
Responsibilities:
  1. Manage the accounting for manufacturing activity, ensuring accurate inventory valuation and completeness of overhead absorption.
  2. Ensure correct accounting for buy/sell entities and all intercompany inventory transactions, including calculating and recording profit in inventory eliminations.
  3. Develop an understanding of material flow from bulk manufacturing through to fill/finish stage to ensure accuracy of inventory values.
  4. Monitor production plans for bulk manufacturing and CMO activity to ensure accurate inventory valuation.
  5. Conduct data mining and analysis, interpreting and communicating information to relevant stakeholders in a meaningful and actionable way.
  6. Complete inventory costing activities for new inventory items, working with business functions to identify costing requirements and aligning on timelines.
  7. Evaluate inventory balances for excess and obsolescence, determining need for inventory reserves.
  8. Review and analyze inventory variances on a monthly basis, working with business functions to understand drivers.
  9. Participate in the annual standard cost setting process.
  10. Assist with preparation of consolidated financial management reporting for balance sheet and P&L inventory areas.
  11. Maintain internal controls in line with corporate standards, GAAP and Sarbanes-Oxley requirements, working with internal and external auditors as required.
  12. Establish relationships with Corporate & Regional Finance teams to ensure all reporting requirements are performed timely and accurately.
  13. Represent Finance in local and global projects and initiatives, engaging in continuous improvement initiatives to drive process efficiencies.
Qualifications:
  • ACA/ACCA/CIMA/CPA qualification.
  • Experience in a multi-national organization and inventory costing experience is required.
  • Demonstrate experience in process improvement initiatives and working on own initiative.
  • Knowledge of US GAAP, Sarbanes-Oxley and internal control environment desirable.
  • Experience with an integrated ERP system, general ledger functions, sub-ledger processes, and period closing. Understanding of relationship of other accounting functions to manufacturing accounting.

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