Financial Accountant (Contract)

Sun Pharma; Brampton; Hybrid; CAD 68,000 - 85,000; Full time

Benefits offered by this job

Medical insurance

Dental coverage

Employee assistance program

Vacation pay

Paid sick time

Job summary

Sun Pharma in Brampton, Canada, is seeking a Financial Accountant to ensure accurate inventory quantities and valuations across internal operations and third-party locations. You will support cost accounting, financial reporting, and audits by partnering with Supply Chain, Operations, and Finance teams.

The role requires a CPA or equivalent designation, 5+ years in accounting, and strong Excel and ERP (SAP) experience.

Qualifications

• University degree or college diploma in Accounting, Finance, Business, Commerce, or a related field.
• Professional accounting designation (CPA or equivalent) preferred.
• Minimum 5 years of progressive accounting experience, preferably within a manufacturing or pharmaceutical environment.
• Experience with inventory accounting, cost accounting, and financial reporting.
• Experience supporting audits and financial close processes.
• Strong knowledge of inventory and cost accounting principles.
• Advanced Microsoft Excel skills.
• Experience with ERP systems, preferably SAP.
• Experience with reporting and business intelligence tools, preferably SAP BI.
• Strong understanding of financial accounting and internal controls.
• Strong analytical and problem-solving abilities.
• High attention to detail and accuracy.
• Ability to identify process improvement opportunities and implement effective controls.
• Excellent communication and interpersonal skills.
• Ability to manage multiple priorities and meet deadlines.
• Self-motivated with the ability to work independently and collaboratively in a team environment.
• Flexible and able to support peak workload periods, including month-end and audit cycles.

Responsibilities

• Prepare monthly financial reports for management.
• Maintain accurate inventory valuation and costing records.
• Provide costing support for site-manufactured and intercompany-purchased products.
• Maintain and update standard costs for new and existing products.
• Monitor inventory movements and identify areas of concern, including obsolescence, expiry, slow-moving inventory, and inventory losses, providing recommendations for corrective action.
• Prepare profit elimination reports and related analyses.
• Perform transfer pricing calculations, coordinate approvals with related entities, and update approved transfer prices in the system.
• Prepare and analyze monthly financial reports for management.
• Participate in the month-end close process, including journal entries, account reconciliations, financial statement preparation, and reporting.
• Prepare inventory and costing-related journal entries.
• Perform analysis of inventory balances and other cost of goods sold (COGS) expenses.
• Provide ad hoc financial reporting and analysis as required.
• Assist in the preparation of COGS budgets and forecasts.
• Provide financial analysis and recommendations to support operational and business decisions.
• Design and implement new reports and tools to meet evolving business requirements.
• Identify trends, variances, and opportunities for process improvements.
• Support quarterly reviews and annual audits, with a focus on inventory and costing requests.
• Prepare inventory valuation schedules and working papers for quarterly and year-end audit requirements.
• Maintain accounting records and internal controls to ensure compliance with company policies and applicable accounting standards.
• Investigate and resolve discrepancies in accounting records and inventory-related transactions.
• Collaborate with Supply Chain, Operations, and other departments to support business objectives.
• Communicate effectively with internal stakeholders, external auditors, customers, suppliers, and related entities.
• Provide financial insight and support on special projects and ad hoc initiatives.

Skills

Advanced Excel

Financial analysis

ERP systems SAP

Cost accounting

Internal controls

Communication skills

Attention to detail

Education

Bachelor's degree in Accounting/Finance

CPA or equivalent designation

Tools

SAP

SAP BI

Microsoft Excel

Job description

Job purpose

The Financial Accountant is responsible for ensuring the accuracy of inventory quantities and valuations across internal operations and third-party locations in accordance with applicable accounting standards. The role supports inventory optimization, cost accounting, financial reporting, and audit requirements through close collaboration with Supply Chain, Operations, and Finance teams.

Duties and responsibilities

Inventory Accounting & Costing

• Preparation and analysis of various monthly financial reports for management.
• Maintain accurate inventory valuation and costing records.
• Provide costing support for site-manufactured and intercompany-purchased products.
• Maintain and update standard costs for new and existing products.
• Monitor inventory movements and identify areas of concern, including obsolescence, expiry, slow-moving inventory, and inventory losses, providing recommendations for corrective action.
• Prepare profit elimination reports and related analyses.
• Perform transfer pricing calculations, coordinate approvals with related entities, and update approved transfer prices in the system.

Financial Reporting and Month-End Close

• Prepare and analyze monthly financial reports for management.
• Participate in the month-end close process, including journal entries, account reconciliations, financial statement preparation, and reporting.
• Prepare inventory and costing-related journal entries.
• Perform analysis of inventory balances and other cost of goods sold (COGS) expenses.
• Provide ad hoc financial reporting and analysis as required.

Budget & Analysis

• Assist in the preparation of COGS budgets and forecasts.
• Provide financial analysis and recommendations to support operational and business decisions.
• Design and implement new reports and tools to meet evolving business requirements.
• Identify trends, variances, and opportunities for process improvements.

Audit, Compliance, and Controls

• Support quarterly reviews and annual audits, with a focus on inventory and costing requests.
• Prepare inventory valuation schedules and working papers for quarterly and year-end audit requirements.
• Maintain accounting records and internal controls to ensure compliance with company policies and applicable accounting standards.
• Investigate and resolve discrepancies in accounting records and inventory-related transactions.

Business Partnership

• Collaborate with Supply Chain, Operations, and other departments to support business objectives.
• Communicate effectively with internal stakeholders, external auditors, customers, suppliers, and related entities.
• Provide financial insight and support on special projects and ad hoc initiatives.

Additional responsibility (Only applicable to customer facing roles)

Report any adverse event received from customers for company products to the pharmacovigilance department / Drug Safety on the same day or within 1 business day

Qualifications

• University degree or college diploma in Accounting, Finance, Business, Commerce, or a related field.
• Professional accounting designation (CPA or equivalent) preferred.
• Minimum 5 years of progressive accounting experience, preferably within a manufacturing or pharmaceutical environment.
• Experience with inventory accounting, cost accounting, and financial reporting.
• Experience supporting audits and financial close processes.
• Strong knowledge of inventory and cost accounting principles.
• Advanced Microsoft Excel skills.
• Experience with ERP systems, preferably SAP.
• Experience with reporting and business intelligence tools, preferably SAP BI.
• Strong understanding of financial accounting and internal controls.
• Strong analytical and problem-solving abilities.
• High attention to detail and accuracy.
• Ability to identify process improvement opportunities and implement effective controls.
• Excellent communication and interpersonal skills.
• Ability to manage multiple priorities and meet deadlines.
• Self-motivated with the ability to work independently and collaboratively in a team environment.
• Flexible and able to support peak workload periods, including month-end and audit cycles.

Working conditions

Office based role

Additional hours may be required during month-end close, budgeting, and audit periods.

Physical requirements

Office based role

Direct reports

NA

This posting is for an existing vacancy.

The presently-anticipated base compensation pay range for this position is $68,000 to $85,000. Actual base compensation may vary based on a number of factors, including but not limited to geographical location and experience. Employees are eligible to participate in Company employee benefit programs which include medical, dental coverage and the employee assistance program. Contract employees also receive vacation pay and paid sick time.

The compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, and other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility. If hired, the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company, or individual department/team performance, and market factors.

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees as assigned to this job. Nothing herein shall preclude the employer from changing these duties from time to time and assigning comparable duties or other duties commensurate with the experience and background of the incumbent(s).

We provide equal employment opportunities for all current employees and applicants for employment. This policy means that no one will be discriminated against because of race, religion, creed, color, ethnic origin, citizenship, ancestry, sex, age, marital status, family status, physical or mental disability, gender identity, gender expression or any other ground protected by applicable human rights legislation.

The Company uses artificial intelligence to screen, assess or select applicants.