What are the responsibilities and job description for the Cost & Inventory Manager position at TANVEX BIOPHARMA USA INC?
Job Description
Job Description
Description : SUMMARY
The Cost & Inventory Manager is responsible for collaborating with leadership and Finance staff within the company to provide support for the establishment of goals and budgets.
JOB RESPONSIBILITIES
Essential :
Analyze monthly financial results of the company and determine / explain material variances of actuals vs budget, vs prior month or vs prior year’s result. Propose adjustments as needed.
Develop accurate & timely financial trend analysis showing the company’s KPIs (Key Performance Indicators) to facilitate management decisions.
Responsible for monitoring inventory control activities including but not limited to reconciling physical vs perpetual records, cycle counts, material transfers, determining excess, obsolete & scrap materials, validating the various inventory balances (raw materials, work in process (WIP) and finished goods) as well as the cost of goods sold.
Participate in month-end process and post all adjustments related to inventory; prepare reconciliation workpapers for each inventory balance sheet account.
Responsible in maintaining standard cost (materials & labor) updates as needed.
Assist in creating a model to capture actual manufacturing cost (materials, labor & overhead) in order to determine product pricing.
Develop automated reporting and forecasting tools for efficient use of data.
Take an active role during budget process in preparing data to be used as basis for department heads to create their annual budgets.
Serve as liaison to other departments ensuring the timely completion of budget & communicate any questions or feedback from higher management.
Provide auditors (internal / external) schedules & explanations as needed for any inquiries related to inventory or manufacturing cost.
Work closely with finance accounting team providing feedback on proper treatment / posting of overhead expenses.
Coordinate with manufacturing & materials management team to ensure proper procedures are established to account for inventory movements & assist them to be audit ready.
Supervision of accounting staff
Supplementary Responsibilities :
Assist with the Board and shareholder meetings materials preparation.
Execute ad-hoc reports or projects as requested by Controller.
Performs other related duties or projects as business needs require at the direction of management.
JOB REQUIREMENTS
Education and experience :
BS Degree in Accounting, Finance or Economics.
Minimum 5 years cost accounting / financial analysis experience required.
Strong understanding of accounting theories and / or US GAAP / IFRS.
Detail oriented, highly organized and self-starter who sets and achieves aggressive goals.
Ability to meet deadlines with a sense of urgency.
Adapts to new situations & work in a fast-paced environment.
Demonstrates analytical thinking and problem-solving ability.
Excellent written & verbal communication skills.
Experience with the pharmaceutical industry or other life science businesses preferred.
Proficiency with Microsoft Office applications and computer skills.
Experienced in ERP and financial systems.
WORK ENVIRONMENT / PHYSICAL DEMANDS / SAFETY CONSIDERATIONS
Work Environment
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is required to perform repetitive tasks such as typing and use of mouse.
Consistently, the job is conducted primarily by sitting but will also be standing, reaching, climbing stairs, and twisting on sustained periods of time.
Occasionally required to climb ramps & step ladders, stooping, balancing, crouching & kneeling as well as lift or exert up to 10 to 50 pounds of force to move objects.
Employees are regularly required to talk, hear and exchange ideas accurately through oral communications.
The noise level in the work environment is usually quiet to moderate.
Specific vision requirements include close, distance or color vision as well as depth perception & ability to adjust focus.
On occasion, employees may be asked to work on weekends or nights or on call as needed.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.
Duties, responsibilities, and activities may change at any time with or without notice
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