Manager Inventory and InterCo Accounting

Hitachi Vantara; Maharashtra; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

Hitachi Vantara in Pune, India is seeking an experienced Global Inventory and InterCo Accounting Manager to lead global inventory accounting, intercompany transactions, and financial reporting across regions. The role requires CA/ICWA or MBA Finance with 10+ years, Oracle ERP expertise, and strong analytical skills to partner with senior stakeholders and improve controls.

You will drive month-end close, balance sheet reconciliations, KPI reporting, and cross-functional collaboration with

Qualifications

• CA/ICWA or MBA Finance with 10+ years of work experience.
• Working in Oracle ERP is an added advantage.
• Must be comfortable communicating directly with senior Business Partners.
• Strong accounting and analytical skills, logical reasoning, and time-management skills.
• Proficient in Microsoft Office applications, especially Excel and PowerPoint.

Responsibilities

• Perform inventory valuations, including calculating cost of goods sold, inventory obsolescence, and write-offs.
• Collaborate with product leadership on demand planning and advise on requisite inventory reserves.
• Work with Logistics and FP&A teams to develop freight forecasts (inward/outward).
• Partner with the pricing team to update Oracle standard costs and SFDC costs.
• Present R&O items to leadership and participate in collective decision-making.
• Ensure accurate COGS recording against revenue and guide the business team on purchase price variance.
• Month/Quarter End Closing: Participate in month-end and quarter-end closing activities, ensuring timely and accurate financial reporting.

Skills

Oracle ERP

Financial Accounting

Analytical Skills

Communication

Excel

Education

CA

ICWA

MBA Finance

Tools

Oracle ERP

Hyperion

Essbase

Job description

We\'re Hitachi Vantara, the data foundation trusted by the world\'s innovators. Our resilient, high-performance data infrastructure means that customers - from banks to theme parks - can focus on achieving the incredible with data. If you\'ve seen the Las Vegas Sphere, you\'ve seen just one example of how we empower businesses to automate, optimize, innovate - and wow their customers. Right now, we\'re laying the foundation for our next wave of growth. We\'re looking for people who love being part of a diverse, global team - and who get excited about making a real-world impact with data.

Location: Pune, India

Function: (DEAI HV) Finance

Requisition ID: R01033177

Our Company
We\'re Hitachi Vantara, the data foundation trusted by the world\'s innovators. Our resilient, high-performance data infrastructure means that customers - from banks to theme parks - can focus on achieving the incredible with data. If you\'ve seen the Las Vegas Sphere, you\'ve seen just one example of how we empower businesses to automate, optimize, innovate - and wow their customers. Right now, we\'re laying the foundation for our next wave of growth. We\'re looking for people who love being part of a diverse, global team - and who get excited about making a real-world impact with data.

The Team
We are seeking an experienced Global Inventory and InterCo Accounting Manager to join our team. The successful candidate will be responsible for managing and accounting for global inventory and InterCo transaction across multiple regions, ensuring accurate financial reporting, and compliance with accounting standards. This role requires strong analytical skills, attention to detail, and the ability to work effectively in a fast-paced global environment.

The Role

• Perform inventory valuations, including calculating cost of goods sold, inventory obsolescence, and write-offs.
• Collaborate with product leadership on demand planning and advise on requisite inventory reserves.
• Work with Logistics and FP&A teams to develop freight forecasts (inward/outward).
• Partner with the pricing team to update Oracle standard costs and SFDC costs.
• Present R&O (Risk and Opportunity) items to leadership and participate in collective decision-making.
• Ensure accurate COGS recording against revenue and guide the business team on purchase price variance.
• Ensure calculation related to inventory reserves for On Hand, On Loan, and Excess & Obsolete (E&O) inventory are in alignment with the policy and demand plan.
• RMA and Spares Accounting- Manage accounting for Returns Material Authorizations (RMA) and spares.
• Third Party Rebate Claim: Manage third-party rebate claims and ensure accurate accounting.
• Software Royalty Computation: Calculate software royalties and ensure accurate accounting.
• Balance Sheet Reconciliations: Perform balance sheet reconciliations for inventory and other relevant accounts.
• Product Payments: Manage payments for Hitachi products and ensure accurate accounting.
• Intercompany Cross Charges: Manage intercompany cross charges and ensure accurate accounting.
• Resale Minus Computation: Calculate resale minus and ensure accurate accounting.
• Month/Quarter End Closing: Participate in month-end and quarter-end closing activities, ensuring timely and accurate financial reporting.
• Reporting to Global CFO: Provide regular updates on KPIs, reserves, forecasts, automation initiatives, and other key metrics.
• Process Improvement: Identify and implement process improvements to enhance inventory management and accounting efficiency.
• Collaboration: Work closely with global teams, including logistics, procurement, and finance.

What You\'ll Bring

• CA or ICWA or MBA Finance with 10+ years of work experience;
• Working in Oracle ERP is an added advantage.
• Must be comfortable communicating directly with senior Business Partners
• Strong accounting and analytical skills, logical reasoning, and time-management skills
• Strong business acumen and judgment and demonstrated ability to work closely and build sustainable business partnerships
• Well-organized and detail-oriented to handle in-depth, special projects.
• Ability to prioritize multiple tasks ensuring that tasks are completed appropriately, and deadlines are met
• Proficient in Microsoft Office applications, specifically Excel and PowerPoint
• Experience with financial accounting systems (Oracle, Hyperion, Essbase)
• Experience with global financial systems and processes.
• Familiarity with data analytics tools.

About Us

We\'re a global team of innovators. Together, we harness engineering excellence and passion for insight to co-create meaningful solutions to complex challenges. We turn organizations into data-driven leaders that can make a positive impact on their industries and society. If you believe that innovation can inspire the future, this is the place to fulfil your purpose and achieve your potential.

Fostering innovation through diverse perspectives

Hitachi is a global company operating across a wide range of industries and regions. One of the things that sets Hitachi apart is the diversity of our business and people, which drives our innovation and growth.

We are committed to building an inclusive culture based on mutual respect and merit-based systems. We believe that when people feel valued, heard, and safe to express themselves, they do their best work.

How We Look After You

We help take care of your today and tomorrow with industry-leading benefits, support, and services that look after your holistic health and wellbeing. We\'re also champions of life balance and offer flexible arrangements that work for you (role and location dependent). We\'re always looking for new ways of working that bring out our best, which leads to unexpected ideas. So here, you\'ll experience a sense of belonging, and discover autonomy, freedom, and ownership as you work alongside talented people you enjoy sharing knowledge with.

We\'re proud to say we\'re an equal opportunity employer and welcome all applicants for employment without attention to race, colour, religion, sex, sexual orientation, gender identity, national origin, veteran, age, disability status or any other protected characteristic. Should you need reasonable accommodations during the recruitment process, please let us know so that we can do our best to set you up for success.