Inventory Accountant

Inventory Accountant

Thermo Fisher Scientific

Inventory Accountant

Details of the offer

About Australia & New Zealand
Our growing team of 1200+ employees work together to deliver world-class science products and solutions to a wide range of key markets. With commercial, manufacturing and distribution sites scattered across Australia and New Zealand, including Melbourne, Brisbane, Sydney, Auckland, Adelaide, Newcastle, and Perth. Our scope covers life sciences, specialty diagnostics, food, dairy & beverage, environmental & industrial, healthcare and analytical instruments including commercial, customer service, technical service, supply chain, finance and operations.

How will you make an impact?
From assuming full responsibility for all financial management aspects of Inventory, Fixed Assets and Manufacturing.
As a key finance team member, this role works closely with our Supply Chain whilst also providing comprehensive financial support to three manufacturing sites at locations in Victoria, Queensland and NSW. This role would suit a candidate who is a strong technical accountant who can analyse financial information, communicate this information to relevant functions to add value to the business.

What will you do?Monthly calculation of complex Excess & Obsolete calculations applying multiple global BU E&O policies across multiple product lines for the ANZ business. This process includes the analysis of the results, engaging with commercial team to gain a better understanding of results and to providing meaningful analysis & insights on results.
Monthly E&O forecast calculations for the ANZ business using same methodology described above with the objective of mitigating E&O charges and allowing the business to make more informed purchase decisions.
Thorough review and analysis of COGS and Stock related GL accounts to assist the business explain and mitigate these charges.
Additional internal business reporting – analysis of stock purchase authorisation requests outside of the regular procurement process to ensure no E&O exposure. Provide commentary and suggestions to assist procurement decision making. In addition, ad-hoc inventory or E&O related queries.
Additional global divisional reporting – prepare specific inventory information for monthly global divisional calls. Ad hoc requests including post month-end requests explaining variances to prior year and plan.
Production of P&L statements for three small scale manufacturing sites - including full P&L analysis, under and over recovery analysis, BOM reviews.
Identify opportunities to improve processes or gain cost savings in the manufacturing process through review of monthly results.
Ensuring Capex additions are approved in accordance with Thermo Fisher Scientific policy.
Track and monitor all Capex throughout the year to Annual Operating Plan.
Ensuring additions, disposals and depreciation calculations are accurately recorded in the fixed asset module and that the sub ledger is reconciled to the general ledger on a monthly basis.
Close 3 manufacturing entity ERP’s as part of the wider month close.
Perform the close of all 3 ERP’s including accruals, prepayments, payroll journals.
Load of one entity into Hyperion Financial Management (HFM) system.
Completion of all monthly GL reconciliations relating to the role.
Full involvement in all audits for areas of responsibility
Perform quarterly and annual SOX requirements for areas of responsibility, including testing e.g. annual fixed asset impairment testing.
Managing all financial aspects of stocktakes at our various warehouses ensuring compliance with audit requirements, including SOX.
Budget – involvement in preparing information for areas of responsibility.
Quarterly calculation of Revenue Recognition Adjustments (SAB101).
Collecting proof of delivery (POD’s) documentation to support delivery date for a sample of sales.
Calculating deferred revenue for invoices raised but not yet delivered to customers.

How will you get here?
Bachelor degree in Accounting & Finance essential.
Fully qualified or studying towards a professional qualification, e.g. CPA, CA desirable.

ExperienceMinimum of 5 years related experience including manufacturing accounting.

Knowledge, Skills, AbilitiesAbility to operate in a high performance, complex, fast-paced, deadline driven, matrix organisation.
Strong problem solving skills, attention to detail and ability to communicate complex information into an easy to understand format for non-finance colleagues.
Advanced knowledge of Microsoft Office (emphasis on Excel).
Experience with an ERP system including report generation and posting of journals.
Good understanding of accounting principles including IFRS/USGAAP knowledge.

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