- Reviews and summarizes the monthly inventory reports and the related Purchases and COGS summaries to properly roll-forward balances and expenses as reported in the General Ledger.
- Partners with Supply Chain to identify and resolve issues in inventory counts and valuation.
- Partners with FP&A to summarize results and explain trends and changes in inventory levels, Days on Hand and other indicators.
- Understands the impact of rebates and other discounts and the impact on COGS and inventory.
- Performs variance analysis and prepares related commentary.
- Prepares Journal Entries and reconciles balances reported in the ledger to the summary reports prepared.
- Develops and understands the input and processing of the Pharmacy Management System and Database such that fluctuations in Inventory, COGS , etc are understood and properly accounted for in the General Ledger.
- Prepares analyses in support of the annual audit.
- Mentors, coaches and develops staff.
- Works collaboratively within Finance function, Supply Chain, Operations, etc.
- Performs additional ad hoc analyses as required from time-to-time.
- Other duties as assigned.
- BA/BS or equivalent in Accounting
- 8-10 years of relevant financial analysis experience
- Prior experience monitoring and reporting on inventory/COGS
- Strong PowerPoint and Excel skills
- Exceptional analytical and communication skills
- CPA
- MBA
- Pharmacy or PBM industry experience strongly preferred.
- Knowledge of Sage Intacct G/L and Power BI systems preferred.
- Collaborative style, can-do attitude and high intellectual curiosity preferred.
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Senior Inventory Accountant - Annapolis, United States - Altruix
Description
Job Description
Job DescriptionJob SummaryReporting directly to the Controller, the Senior Inventory Accountant will prepare and maintain summary and roll-forward schedules of Sales, Purchases, COGS, Inventory levels and Margins by product and location including monitoring activity in the underlying Pharmacy Management System and related Data Bases to ensure that the financial statements are properly stated and appropriate internal controls are in place.
Main ResponsibilitiesMinimum Qualifications
Preferred Qualifications
Altruix is a values driven organization striving to fulfill our mission - to improve the lives of people through exceptional, caring pharmacy services - with HEART.
Hopeful - We believe in the power of the human spirit, that every person matters, and we find a way to say yes.
Ethical - We do what is right with honesty, integrity, and transparency.
Accountable - We take ownership of problems, welcome feedback, and seek continuous improvement.
Respectful - We treat every person with kindness and listen with an open mind.
Team-oriented - We put clients and providers first, act with humility, and work together for the well-being of others.
Benefit summary/EEOC Statement/Drug-Free and testing - Altruix offers a competitive salary and a comprehensive benefit package which includes medical, dental and vision plans through CareFirst (a Blue Cross Blue Shield plan); employer paid long-term disability coverage and life insurance; an employer matched 401K plan; paid time off and paid holidays.Altruix is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, placement, training, promotion, termination, layoff, recall, transfers, leaves of absence, compensation, and other employment practices on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, genetic information, disability status, protected veteran status, or any other trait protected by federal, state, or local laws. Altruix is a drug-free work environment and requires pre-employment drug and alcohol testing as a condition of employment.
