Charles River Laboratories · 3 hours ago

Manager Inventory Accounting

United States

Full-time

Remote

Senior Level, Lead/Staff

$120K/yr - $145K/yr

10+ years exp

Maximize your interview chances

BiotechnologyHealth Care

Actively Hiring

Insider Connection @Charles River Laboratories

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

Responsibilities

Provide leadership in the continuing development and management of the Inventory Center of Excellence, reporting into the Global Inventory Controller

Manage and oversee inventory governance, internal controls and compliance with policies, procedures, and standard operating procedures. Harmonize inventory accounting policies where applicable

Manage and oversee monthly/quarterly accounting and reporting close activities, generally including: inventory valuation, reserves, and adjustments; reporting and inventory KPI updates; account reconciliations for balance sheet and income statement accounts, inventory accruals and adjusting journal entries; validate the cost of goods sold as part of the month-end close and reviews inter-company profit eliminations

Implement and/or oversee the process to coordinate, organize and perform both cycle counts and complete physical inventory review with business unit management. Review inventory count variances, research and resolves issues

Perform quantitative trend analyses, and period over period fluctuations analyses. Identify/explain variances to ensure proper reporting and identify opportunities for inventory accounting efficiencies and working capital improvements

Partner with FP&A to forecast inventory balances and other inventory related financial statement metrics

Create various monthly, quarterly, and annual inventory reports for management review as needed (e.g., establish standardized reporting fully embedded within organization including service level agreements, KPI’s and dashboards). Regular meetings with key finance, operations, and procurement stakeholders to discuss issues and focus on inventory drivers

Support mergers and acquisition inventory activities (e.g., due diligence, valuation, integration) from the preliminary deal stages through integration with ERP system

Engage with internal and external auditors to coordinate compliance with internal controls and substantive audit procedures

Responsible for people leadership and personnel management activities such as: scheduling, personnel actions (hiring, promotions, transfers, etc.), training and development, providing regular direction and feedback on performance, disciplinary actions and preparing and delivering annual performance and salary reviews

Develop short- and long-range operating and strategic objectives, organizational structure, staffing requirements and succession plans.

Partner with cross functional teams (e.g., legal, procurement, operations) when new or unusual transactions arise to ensure accounting for inventory is appropriate and impacts to business is known and understood

Develop and recommend departmental budget and authorize expenditures

Develop and oversee the implementation of departmental training programs, including orientation

Support the policy of equal employment opportunity through affirmative action in personnel actions

Ensure adherence to pertinent regulatory requirements and to departmental policies, practices and procedures [SOPs, safety procedures and biosafety protocols]

Perform all other related duties as assigned.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

CPAAccounting experienceFinance ManagementInventory costingUS GAAPMaster's degreeInter-company transitionsSAPMicrosoft ExcelCollaboration skills