Senior Specialist, Inventory Accounting

RXinsider LTD.; Hyderabad; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

Azurity Pharmaceuticals is seeking an Inventory Accounting Senior Specialist to join the finance team as we build best-in-class processes and ensure quality information is available for decision making. This role requires ownership to drive improvements and to collaborate with Commercial, Legal, Accounting and FP&A to ensure data integrity across the organization.

This role demands a hands-on approach, strong analytical skills, and adherence to US GAAP and internal controls.

Qualifications

• CA/CWA or commerce graduate with significant experience in inventory accounting.
• Pharmaceutical industry experience is a plus.
• Proficient in US GAAP and cost accounting practices.
• Experience with Oracle Fusion preferred.
• Strong analytical ability with high accuracy and attention to detail.

Responsibilities

• Track and analyse stock movements, purchases and consumption.
• Maintain inventory records in Financial System.
• Verify system computed inventory costs using standard accounting methods.
• Analyse cost variances and report discrepancies.
• Assist in setting and monitoring standard costs for inventory items as required.
• Prepare and review inventory related journal entries.
• Ensure compliance with accounting principles in inventory valuation.
• Generate inventory reports for management and auditors.
• Ensure adherence to company policies and accounting regulations.

Skills

Analytical skills

Attention to detail

Communication

Microsoft Excel

Microsoft Office

Education

CA/CWA with 4-6 years of experience

Commerce graduate or MBA with 12+ years of experience

Tools

Oracle Fusion

US GAAP proficiency

Microsoft Office Suite

Job description

Azurity Pharmaceuticals is a privately held, specialty pharmaceutical company that focuses on innovative products that meet the needs of underserved patients. As an industry leader in providing unique, accessible, and high-quality medications, Azurity leverages its integrated capabilities and vast partner network to continually expand its broad commercial product portfolio and robust late-stage pipeline. The company’s patient-centric products span the cardiovascular, neurology, endocrinology, gastro-intestinal, institutional, and orphan markets, and have benefited millions of patients. For more information, visit www.azurity.com.

Azurity Pharmaceuticals is proud to be an inclusive workplace and an Equal Opportunity Employer. Azurity's success is attributable to our incredibly talented, dedicated team that focuses on benefiting the lives of patients by bringing the best science and commitment to quality into everything that we do. We seek highly motivated individuals with the dedication, integrity, and creative spirit needed to thrive in our organization.

The Azurity Accounting Team is searching for an Inventory Accounting Senior Specialist to join the team as we build out best-in-class finance processes and ensure quality information is available for decision making. This person needs to be a go-getter who can take ownership of their areas. The Inventory Accounting Sr Specialist needs to build relationships with Commercial, Legal, Accounting to ensure information flows from the business to Accounting and then to FP&A. When issues arise, this person should be ambitious, ready to dig in to determine root cause and the path forward.

Role And Responsibilities

• Track and analyse stock movements, purchases and consumption
• Maintain inventory records in Financial System.
• Verify system computed inventory costs using standard accounting methods.
• Analyse cost variances and report discrepancies.
• As per requirements, assist in setting and monitoring standard costs for inventory items.
• Prepare and review inventory related journal entries
• Ensure compliance with accounting principles in inventory valuation.
• Generate inventory reports for management and auditors.
• Ensure adherence to company policies and accounting regulations.

Qualifications And Education Requirements

• CA/CWA with 4-6 years of experience or a Commerce graduate/MBA with at least 12+ years of experience
• Pharmaceutical industry experience is a plus.
• Working knowledge of US GAAP
• Experience with Oracle Fusion preferred.
• Strong PC skills including proficiency with Microsoft Office products (Excel, Word, PowerPoint, Outlook) and financial accounting systems.
• Strong analytical skills, accuracy, and attention to detail are a must

Preferred Skills

• Strong analytical skills, able to identify and interpret trends and improve financial forecasting
• Team player, with exceptional interpersonal skills, able to work with a diverse and broad range of stakeholders across the organization
• Ability to work flexibly with conflicting demands so that work is scheduled to meet changing priorities and deadlines.

By applying for this role, you confirm that you are mentally and physically capable of fulfilling the job responsibilities detailed in the job description without any restrictions. If you have any concerns or even the slightest disability that may affect your ability to perform the job, please inform HR in advance.