Inventory Accounting Manager: GAAP, ERP & Audits

Veloxis Pharmaceuticals, Inc.; Cary (NC); Hybrid; USD 95,000 - 105,000; Full time

Job summary

Veloxis Pharmaceuticals, Inc. in Cary, NC seeks an experienced inventory accounting professional to ensure GAAP/IFRS compliance and manage cost of goods, reconciliations, and internal controls.

The role collaborates with Supply Chain for cost updates, inventory valuation, and month-end close. A minimum of 5 years in accounting and 3 years in inventory accounting is required; CPA is preferred.

Qualifications

• Bachelor’s Degree in accounting; Master’s Degree, a plus.
• Minimum of 5 years’ experience in an accounting role, preferably in the pharmaceutical industry
• Minimum of 3 years’ experience in inventory accounting
• CPA preferred
• Strong knowledge of US GAAP; IFRS, a plus
• Strong analytical and problem-solving skills
• Proficiency in MS Office Suite, with emphasis on advanced MS Excel skills

Responsibilities

• Abides by GAAP/IFRS standards, as applicable, and complies with the Company’s internal control and accounting policies.
• Timely performs inventory-related general ledger account reconciliations, accruals, costs of goods sold calculations, and other necessary adjustments of journal entries for month/quarter-end close.
• Partners with Supply Chain to review and maintain inventory costing methodologies, including standard cost updates, inventory valuation analyses, and implementation of product cost changes.
• Monitors landed cost components, including freight, duties, tariffs, and other supply chain costs, ensuring accurate accounting treatment and inventory valuation.
• Perform activities related to annual physical inventory procedures, including reconciliation of book to physical variances.
• Supports resolution of inventory-related supplier invoicing, pricing, and receipt discrepancies to ensure accurate inventory valuation and timely financial reporting.
• Leads budgeting and forecasting for financial statement items related to inventory, including inventory balance sheet planning, costs of goods sold, and gross margin.
• Performs monthly variance analyses for actual inventory balance sheet and income statement results against budget.
• Monitors procedures to identify and suggest improvements/efficiencies in the accounting and closing processes related to inventory.
• Participates in strategic financial projects, including upgrades to existing software and ERP systems.
• Serves as primary point of contact for internal and external audit processes related to inventory.
• Assists with Japanese SOX documentation and testing.
• Supports assessment of external service providers, including evaluation of SOC reports.
• Prepares technical accounting analyses as needed, including assessment of new accounting standards.
• Assists Supply Chain department in review of invoices from our inventory and manufacturing suppliers, assisting in resolving any quantity or pricing discrepancies, and working with accounts payable for timely payment of invoices.
• Engages in special projects and analyses, as assigned.

Skills

GAAP knowledge

IFRS knowledge

Excel advanced

D365 F&O experience

Financial analysis

Communication skills

Education

Bachelor's Degree in accounting

Master’s Degree (plus)

CPA preferred

Tools

MS Office Suite

ERP systems (D365 F&O)

Job description

Veloxis Pharmaceuticals, Inc. in Cary, NC seeks an experienced inventory accounting professional to ensure GAAP/IFRS compliance and manage cost of goods, reconciliations, and internal controls.

The role collaborates with Supply Chain for cost updates, inventory valuation, and month-end close. A minimum of 5 years in accounting and 3 years in inventory accounting is required; CPA is preferred.