Senior Analyst- Inventory & Cost Accounting

Danisco India Pvt. Ltd.; Hyderabad; Hybrid; INR 1,200,000 - 1,800,000; Full time

Job summary

IFF in Hyderabad, India, is seeking an Inventory Accounting professional to support month-end close, inventory valuation, and cost accounting within a global finance team.

You will partner with manufacturing, supply chain, and finance to improve inventory visibility, analyze variances, and ensure audit-ready documentation. 2-5 years of accounting experience and SAP proficiency preferred. This hybrid role offers opportunities to impact financial reporting and process improvements.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 2-5 years of experience in accounting, inventory accounting, cost accounting, or shared services environments.
• Strong knowledge of accounting principles, reconciliations, financial reporting, and inventory processes.
• Analytical mindset with the ability to identify trends, variances, and process gaps.
• Excellent attention to detail and commitment to accuracy.
• Strong communication and stakeholder management skills.
• Ability to work independently while collaborating across teams.

Responsibilities

• Record financial transactions accurately in the ERP system.
• Prepare and review account reconciliations to ensure accuracy and completeness.
• Analyze financial data and provide meaningful insights to support decision-making.
• Prepare reports and presentations to support financial analysis and reporting.
• Support supervisors and senior team members on projects and ongoing tasks.
• Monitor and analyze inventory volume drivers including production settlements, WBS, and internal order allocations.
• Support allocation cycles and cost flow impacting inventory and cost of goods sold.
• Execute and support actual costing runs and inventory valuation activities.
• Analyze purchase price variances (PPV) and production variances, identifying root causes.
• Process and validate manual inventory postings (goods in transit, accruals, corrections).
• Perform inventory reconciliations (subledger vs GL) and manage backlog resolution.
• Investigate inventory discrepancies including quantity/value mismatches and negative stock.
• Support period-end close activities including settlements, variance analysis, and reporting.
• Ensure proper documentation and support for audit requirements related to inventory.
• Support allocation cycle governance and closing cockpit activities.
• Identify and support process improvements in inventory accounting and reporting

Skills

Analytical mindset

Attention to detail

Communication

Stakeholder management

Independence with collaboration

Education

Bachelor's degree in Accounting/Finance/Business

Tools

SAP

Job description

Job Summary

Are you passionate about service excellence? Would you love to work for a global organization that is doing more good for people and planet? IFF is a global leader in flavors, fragrances, food ingredients and health & biosciences. We deliver sustainable innovations that elevate everyday products. Food Ingredients: Innovating improved nutritional profiles, better taste and texture, and greater cost efficiency to meet the needs of global food and beverage manufacturers. The role is based in Hyderabad, India(hybrid role). Be part of a creative, solution-oriented team where together we can achieve greatness and make a real impact. Your potential is our inspiration.

Where You'll Make a Difference

Drive accurate inventory accounting and valuation processes that directly impact financial reporting. Support month-end and year-end close activities, ensuring timely and compliant reporting. Partner with manufacturing, supply chain, and finance teams to improve inventory visibility and control. Analyze inventory cost drivers, variances, and reconciliations to identify improvement opportunities. Contribute to process optimization initiatives that enhance efficiency, compliance, and data accuracy. Support audit readiness by maintaining robust documentation and controls.

Key Responsibilities

• Record financial transactions accurately in the ERP system in accordance with established guidelines.
• Prepare and review account reconciliations to ensure accuracy and completeness.
• Analyze financial data and provide meaningful insights to support decision-making.
• Prepare reports and presentations to support financial analysis and reporting.
• Support supervisors and senior team members on projects and ongoing tasks.
• Monitor and analyze inventory volume drivers including production settlements, WBS, and internal order allocations.
• Support allocation cycles and cost flow impacting inventory and cost of goods sold.
• Execute and support actual costing runs and inventory valuation activities.
• Analyze purchase price variances (PPV) and production variances, identifying root causes.
• Process and validate manual inventory postings (goods in transit, accruals, corrections).
• Perform inventory reconciliations (subledger vs GL) and manage backlog resolution.
• Investigate inventory discrepancies including quantity/value mismatches and negative stock.
• Support period-end close activities including settlements, variance analysis, and reporting.
• Ensure proper documentation and support for audit requirements related to inventory.
• Support allocation cycle governance and closing cockpit activities.
• Identify and support process improvements in inventory accounting and reporting

What Makes You the Right Fit?

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 2-5 years of experience in accounting, inventory accounting, cost accounting, or shared services environments.
• Strong knowledge of accounting principles, reconciliations, financial reporting, and inventory processes.
• Analytical mindset with the ability to identify trends, variances, and process gaps.
• Excellent attention to detail and commitment to accuracy.
• Strong communication and stakeholder management skills.
• Ability to work independently while collaborating effectively across teams.

How Would You Stand Out?

• Experience supporting manufacturing or supply chain finance environments.
• Hands-on experience with inventory valuation, actual costing, standard costing, and variance analysis.
• Knowledge of SAP or other ERP platforms.
• Experience with process improvement, automation, or continuous improvement initiatives.
• Familiarity with audit support, compliance controls, and financial governance processes.
• Proven ability to manage multiple priorities in a fast-paced global environment.

Why Choose Us?

Opportunity to build expertise in inventory accounting and costing within a global organization.

Collaborative environment with exposure to Finance, Operations, and Supply Chain teams.

Diverse career growth and learning opportunities.

Chance to work on impactful projects that improve financial processes and controls.

Inclusive culture focused on innovation, continuous improvement, and professional development.

Meaningful role contributing to business performance and operational excellence.

Important Information Regarding This Position

For your awareness, IFF has announced its intention to sell its Food Ingredients Business to CVC Capital Partners. The sale is presently expected to close in the first half of 2027, pending regulatory approvals and other closing conditions. The Food Ingredient business unit will remain a part of IFF until close and, at such time, it will transition to CVC Capital Partners. In applying for this position, you acknowledge your awareness that the position is a part of the Food Ingredient business unit and has been identified to transition to CVC Capital Partners. We are a global leader in taste, scent, and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy. At IFF, we believe that your uniqueness unleashes our potential. We value the diverse mosaic of the ethnicity, national origin, race, age, sex, or veteran status. We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability. Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more We are a global leader in taste, scent, and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy. At IFF, we believe that your uniqueness unleashes our potential. We value the diverse mosaic of the ethnicity, national origin, race, age, sex, or veteran status. We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation or disability. Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more At IFF, we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products – advancing wellness, delighting the senses and enhancing the human experience. We value an inclusive, creative workplace where all individuals can thrive and do their best work. We consider all qualified candidates equally and based on merit, without regard to religion, ethnicity, national origin, race, age, veteran status, gender identity or expression, sexual orientation or disability.