Senior Cost/Inventory Accountant (On-Site in College Station, TX)

College Station, Texas may be a small, university town, but the lively cultural scene and local amenities make it a great place for families as well as those who want the ease of small-town life and the convenience of living close to the vibrant pulse of big cities. Eighty-seven percent of Texas' population lives within a 180-mile radius, so we are in the center of it all in Texas. And our site is nestled in the hub of innovation, representing a source of pride for the area.

The Senior Cost/Inventory Accountant is responsible to manage and account for the multimillion stock levels at Fujifilm Diosynth Biotechnologies Texas at multiple stock locations. Responsible for the stock processes and procedures at the site from a financial perspective, partnering with the Supply Chain team in reducing the financial risk related to inventory in accordance with generally accepted accounting principles and in accordance with financial management techniques and practices appropriate within the contract manufacturing industry.

Reports to Head of Finance

Work Location College Station, TX

Primary Responsibilities:

Inventory Accountant

Control the accounting and procedures for stock accounting including:

• Monthly inventory balance sheet reconciliations, ensuing a full understanding of monthly movements in stock and any variances compared to budget.
• Calculation of stock provision in line with Fujifilm Diosynth Biotechnologies policy.
• Stock obsolescence and usage reviews.
• BOM accuracy including unplanned demand.
• Stock counts, ensuring full coverage of stock on an annual basis and observing as necessary.
• Process Orders and WIP.
• Stock discrepancies.
• Vendor managed inventory.
• Consignment stock.
• Moving Average price reviews.
• Accuracy of master data in SAP system.
• Inter-company stock movements, ensuring stock transfers between sites is done so in line with inter-company policy and work with counterparts on other sites to ensure they are correctly accounted for.
• Full understanding of the deferred sales balance relating to raw materials.

Raw Material Reconciliations

• Responsible for the timely preparation of raw material reconciliations for invoicing to customers.
• Understand the customer contractual position regarding invoicing, ensuring accuracy and preparation of any necessary back up information.
• Work with Supply chain and Program Management to ensure raw material reconciliations are prepared in a timely manner and that Program Management are fully informed of the spend against any down payments from the customer.
• Full understanding of the down payment process is SAP, ensuring that Program Managers are fully trained in the system.

Business Partnering

• Work with Supply chain to ensure that there is a full understanding of the financial risk and exposure relating to inventory.
• Focus on minimizing stock obsolescence while also minimizing the amount of working capital relating to stock to maximize cash.
• Work with Supply chain in ensuring accuracy of master data in the SAP system.
• Support Supply chain cost saving initiatives.

Budget, Forecast and Current View

• Lead the budget. forecast, and current view process for inventory, the ability to accurately forecast inventory balances is critical for management of cash. Cash forecasting as it relates to inventory.
• Responsible for the calculation of the annual standard cost model rates.

Other activities

• Work with external and internal auditors.
• Review current finance processes and implement process improvements where required.
• Maintain and regularly review and update finance procedures applicable to the role.
• Involvement in projects as required.
• Prepares memos, correspondence, reports, and other documents as needed, including drafting policies, procedures, and work instructions.
• All other duties as assigned.

Qualifications:

• Bachelor’s Degree preferably in Accounting or Finance with 6+ years of demonstrated relevant experience with previous work in financial analysis, budgeting, inventory control/supply chain, or forecasting required.
• Experience with SAP software in a multinational corporate environment preferred.
• Experience working in a GMP environment is considered a plus preferred.
• CPA preferred.
• Detail oriented with advanced skills in Microsoft Office – Excel, Word, PowerPoint, and database with an automation mindset.
• Experience with SAP or similar system.
• Ability to drive performance, influence, and lead others in a collaborative environment.
• Ability to work across functional and intercompany boundaries, develop and maintain relationships with diverse internal and external business customers.
• Demonstrated analytical and verbal/written communication skills with the ability to convey technical matters to non-technical individuals.
• Excellent coaching and team building skills.
• Self-starter.
• Responsible for understanding the business to look beyond finance and be an integral part of the business teams.
• Role model for company core values of trust, delighting our customers, Gemba, and Genki.