Inventory Accountant

About the Role

The Accounting Team at Azurity Pharmaceuticals is looking for a Senior Specialist in Inventory Accounting to enhance finance processes and enable accurate decision-making. This position is based onsite at the Hyderabad office and requires a proactive individual who takes full responsibility for their function. The role involves collaborating closely with Commercial, Legal, and Accounting teams to facilitate seamless data flow from operations through to FP&A. When challenges arise, the candidate is expected to thoroughly investigate root causes and identify solutions.

Key Duties

• Monitor and assess inventory transactions including stock movements, purchases, and usage.
• Maintain accurate inventory records within the Financial System.
• Validate inventory costs calculated by the system using standard accounting methodologies.
• Examine cost discrepancies and report on variances.
• Assist in establishing and overseeing standard costs for inventory items as required.
• Prepare and review journal entries related to inventory.
• Ensure inventory valuation complies with established accounting principles.
• Produce inventory reports for management and auditor review.
• Uphold adherence to corporate policies and accounting standards.

Qualifications and Experience

• Chartered Accountant (CA) or Cost and Works Accountant (CWA) with 4 to 6 years experience, or Commerce graduate/MBA with minimum 12 years of experience.
• Previous experience in the pharmaceutical sector is advantageous.
• Familiarity with US Generally Accepted Accounting Principles (GAAP).
• Preferred experience using Oracle Fusion financial systems.
• Proficient with Microsoft Office suite (Excel, Word, PowerPoint, Outlook) and finance software.
• Strong analytical capability with close attention to detail is essential.

Desired Attributes and Skills

• Ability to recognize trends and enhance financial forecasting through analysis.
• Effective team player with excellent interpersonal skills to engage diverse stakeholders.
• Flexibility and ability to manage competing priorities and deadlines efficiently.