Manager - RTR (Inventory & InterCompany Accounting)

Hitachi Vantara; Pune District; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

Hitachi Vantara is seeking a senior finance professional to lead inventory accounting and cost management in Pune. You will oversee a team of seven, drive accurate COGS, reserves, and intercompany processes, and partner with product, logistics, and finance leaders on forecasts and improvements.

Ideal candidates bring CA/ICWA/MBA Finance with 5+ years of experience, strong Excel/PowerPoint skills, and comfort interacting with senior business partners. Global processes knowledge is a plus.

Qualifications

• CA / ICWA / MBA Finance with 5+ years of work experience.
• Experience with Oracle ERP is an added advantage.
• Comfort communicating directly with senior Business Partners.
• Strong accounting and analytical skills, logical reasoning, and time-management.
• Strong business acumen and ability to build sustainable partnerships.
• Well-organized and detail-oriented for complex projects.
• Ability to prioritize multiple tasks and meet deadlines.
• Proficiency in Excel and PowerPoint.
• Experience with Oracle, Hyperion, and Essbase in global financial processes.
• Familiarity with data analytics tools.

Responsibilities

• Manage a team of 7 people.
• Perform inventory valuations, including cost of goods sold, obsolescence, and write-offs.
• Collaborate on demand planning and advise on inventory reserves.
• Develop freight forecasts with Logistics and FPA teams.
• Update Oracle standard costs and SFDC costs with pricing.
• Present RO items to leadership and support decision-making.
• Ensure accurate COGS recording and advise on purchase price variance.
• Oversee inventory reserves calculations (On Hand, On Loan, Excess Obsolete).
• Manage RMA and spares accounting.
• Handle third-party rebate claims and accurate accounting.
• Compute software royalties and ensure proper accounting.
• Perform balance sheet reconciliations for inventory and related accounts.
• Manage payments for Hitachi products and intercompany charges.
• Calculate resale minus and ensure accuracy.
• Participate in month/quarter end closing and reporting.
• Report KPIs, reserves, forecasts, and automation initiatives to Global CFO.
• Identify and implement process improvements in inventory and accounting.

Skills

CA / ICWA / MBA Finance

Financial accounting

Analytical skills

Communication

Time management

Education

CA / ICWA / MBA Finance

Tools

Oracle ERP

Hyperion

Essbase

Excel

PowerPoint

Job description

Key Responsibilities:

• Manage a team of 7 people
• 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 FPA teams to develop freight forecasts (inward/outward).
• Partner with the pricing team to update Oracle standard costs and SFDC costs.
• Present RO (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 (EO) 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.

Qualifications

• CA or CA Inter or ICWA or MBA Finance with 5+ 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.

All qualified applicants will receive consideration for employment without regard to race, color, religion, place of origin, ethnic origin, national origin, ancestry, age, sex, sexual orientation, gender identity, transgender status, genetic information, mental or physical disability, marital status, pregnancy, veteran status, or any other characteristic protected by applicable national, state, or local law.