Associate Director, Above Market Inventory Accounting

Our Finance team brings together our financial perspectives into our overall strategic and tactical decision making. We use state-of-the-art techniques for financial analysis, planning, accounting, reporting and performance evaluation. This allows the organization to continue advancing medical innovation and improve lives.

Position Description:

The main responsibilities of this position will focus on accounting and analysis of various aspects of our Company’s Inventory.

• Prepare Quarterly IQV (Inventory of Questionable value) analysis to identify inventory at risk and present results to Senior Management.
• Perform a review of our Company’s top key products in order to understand inventory trends. Meet with inventory planners from Supply Chain Management to identify matters affecting inventory levels
• Review inventory footnote and work with consolidation/accounting standards to ensure appropriate disclosure of inventory balances.
• Review and approve monthly journal entries for inventory, including capitalized variance and standard revision journal entries to support the month end close.
• Perform ad-hoc consolidation analysis to support business decisions.
• Responsible for updating Inventory policies and procedures.
• Ensure the appropriate and adequate internal controls are in place in accordance with corporate procedures as it relates to inventory, includes liaising with internal and external audit teams.
• Coach and develop two full time employees with respect to monthly and quarterly deliverables which includes review of monthly reconciliation of our Company’s global inventory to the general ledger, review of months of supply and discards analysis.
• Participate in global initiatives related to inventory.

Position Qualifications:

Education Minimum Requirement:

• Accounting Degree.
• A minimum of 7 years of experience working in an accounting or finance role.

Required Experience and Skills:

• CPA preferred.
• Proven strong people management skills
• Knowledge and understanding of US GAAP
• Excellent interpersonal, communication, collaboration and problem-solving skills
• Strong analytical skills and detail oriented
• Demonstrated ability to act in a business partnership role, advising, guiding, challenging, influencing
• Good knowledge of systems (e.g. SAP, Excel, PowerPoint, FCCS, BPC, Analytics)

U.S. Hybrid Work Model

Effective September 5, 2023, employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence.This Hybrid work model does not apply to, and daily in-person attendance is required for, field-based positions; facility-based, manufacturing-based, or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance also does not apply to roles that have been designated as “remote”.

The Company is required to provide a reasonable estimate of the salary range for this job in certain states and cities within the United States. Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate’s relevant skills, experience, and education.

Expected US salary range:

$114,700.00 - $180,500.00

Available benefits include bonus eligibility, long term incentive if applicable, health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and sick days. A summary of benefits is listed here.

San Francisco Residents Only: We will consider qualified applicants with arrest and conviction records for employment in compliance with the San Francisco Fair Chance Ordinance

Los Angeles Residents Only: We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance

Search Firm Representatives Please Read Carefully

Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.

Employee Status:

Regular

Relocation:

No relocation

VISA Sponsorship:

No

Travel Requirements:

10%

Flexible Work Arrangements:

Hybrid

Shift:

Not Indicated

Valid Driving License:

No

Hazardous Material(s):

n/a