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Branch Medical Group · 2 months ago

Sr Accountant - Vendor Managed Inventory

Pennsylvania - Collegeville

Full-time

Onsite

Mid, Senior Level

2+ years exp

Globus Medical is a company dedicated to improving the quality of life of patients with musculoskeletal disorders. They are seeking a proactive and analytical Sr Accountant to oversee Vendor-Managed Inventory, ensuring financial integrity over inventory held by external vendors and maintaining accurate stock records.

Health CareManufacturingMedicalMedical Device

Responsibilities

Maintain detailed accounting records of inventory stored at third-party locations

Track all incoming and outgoing inventory transactions managed by external vendors

Reconcile internal inventory records with external vendor data on a weekly/monthly basis

Ensure inventory balances are accurately reflected on the general ledger

Identify and resolve inventory variances, including shrinkage, overages, or lost items

Serve as the primary accounting contact for third-party vendors and logistics providers

Review and validate inventory reports submitted by vendors

Communicate discrepancies or transaction issues directly with vendors to resolve in a timely manner

Collaborate with procurement, operations, and logistics teams to streamline vendor reporting and documentation processes

Prepare and post journal entries related to inventory receipts, usage, transfers, and adjustments

Assist in month-end close processes by preparing inventory roll-forwards and account reconciliations

Support cost accounting functions as they relate to inventory valuation (e.g., FIFO, weighted average)

Prepare detailed reports on inventory aging, turns, and valuation for internal management use

Implement and maintain robust internal controls over vendor inventory processes

Ensure vendor inventory accounting aligns with GAAP and internal financial policies

Support internal and external audits by providing inventory reports, documentation, and reconciliations

Develop and enhance inventory tracking processes to increase accuracy and reduce manual work

Participate in system implementations or ERP upgrades related to inventory modules

Work with IT and systems analysts to integrate external vendor data into internal systems where feasible

Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies

Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role

Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties

Qualification

Inventory AccountingVendor CoordinationGAAP ComplianceERP SystemsExcel ProficiencyCost AccountingAnalytical ThinkingProblem-SolvingCommunication SkillsDetail-Oriented

Required

Bachelor's degree in Accounting or Finance

2+ years of Accounting experience with a manufacturing or a distribution company

Extensive experience with Excel commands and functions: PIVOTS, LOOKUPS, IF STATEMENTS, CHARTS, INDEX, MATCH, CONDITIONAL FORMATTING, etc. Must pass an excel test

Knowledge of ERP Systems

Self-Starter with the ability to work independently with little or no supervision

Detail-orientated, organized and deadline driven with proven ability to multitask effectively while adapting to changing priorities

Derive energy from facing challenges and provide actionable solutions

Excellent communication and problem-solving skills

Requires a demonstrated ability to be objective and use good judgment

Troubleshoot critical issues in a timely fashion

Good social acumen

Strong conceptual and analytical thinking

Ability to analyze data and provide evidence-based recommendations