Deputy Manager - Finance

Bangalore, Karnataka
Permanent
Full-time

1 month ago

Work Schedule Standard (Mon-Fri)Environmental Conditions OfficeJob DescriptionJob Description:We are seeking a passionate and detail-oriented professional to join our dynamic finance team. This role offers an exciting opportunity to advance your career while providing essential finance, accounting, and compliance support. The ideal candidate will implement robust accounting controls and compliance procedures to ensure timely and accurate financial reporting across various domains. Additionally, this role involves identifying and recommending operational improvements and supporting leadership in achieving business objectives. Key accounting areas include Inventory Management, Costing, R&D, and Procurement support and Revenue. This role requires a strong understanding of accounting principles, excellent analytical skills, and the ability to work collaboratively across departments.Key Responsibilities:

Working closely with the Supply chain team, Procurement, Manufacturing and R&D, Service Operations team to navigate day-to-day inventory related issues with respect to GRNs, open WOs, change in cost roll in E1 etc.
Working alongside global Costing team for costing of products and timely upload of the same in the system. Liaison local and global teams on any costing issues including determining the right costing of products, overhead allocation, utilization and reporting.
Coordination with divisional FP&A teams to understand and resolve inventory related queries.
Keep close track of types of Inventories in the system and build controls around to ensure correct valuation, provisioning and accounting in Oracle & SAP systems.
Perform Month end activities around Inventory include Inventory Valuation, calculation of reserves, Identification of expired inventory.
Perform SL-GL reconciliation for Inventory related accounts and close the difference with all necessary approvals.
Timely completion and submission of reconciliations in Blackline tool
Perform periodic variance analysis, report any abnormal movement and take necessary and timely actions.
Oversee Inventory cycle count process performed by logistics team. Expected to closely monitor, identify opportunity costs, suggest process improvements.
In matters relating to Revenue and other costs, involvement as required. Specifically own the accuracy of contract revenue accounting and reporting, corresponding warranty cost incurred and provisions for warranty.
Design process notes and SOPs around Inventory by ensuring compliance with companies policies and regulatory requirements.
Working closely on simplification and automation projects in relation to preparation and presentation of data.
Participate and lead for direct allotted areas of work in various audits (statutory, Internal & group audits) and assist in overall timely completion of audits.

Qualifications:

CA or CMA with a minimum of 2 years’ post qualification experience. Should have hands-on experience in Inventory related matters.
Strong analytical and problem-solving skills.
Proficiency in Excel & Oracle. SAP is add-on
Ability to work collaboratively with cross-functional teams.
Strong communication skills.
Open for learning and change Implementation.

Thermo Fisher Scientific

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