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Inventory Financial Analyst
2 months ago
Are you interested in advancing your career with a pioneering and rapidly evolving organization in the medical device sector? At OrganOx, we are dedicated to creating solutions that enhance the efficacy of organ donation, ensuring that every organ is utilized to its fullest potential. Our committed team is focused on excellence in organ transplantation, and we invite you to join us on this impactful journey.
We are seeking an Inventory Financial Analyst to collaborate closely with our Financial Controller at OrganOx.
This position offers a hybrid work arrangement, requiring presence in the office three days a week.
Key Responsibilities:
- Manage inventory accounting and valuation processes, ensuring precision and adherence to accounting standards.
- Evaluate and report on current inventory management practices within the organization, identifying opportunities for enhancement.
- Provide assurance regarding inventory levels and valuations across various global warehouse locations.
- Support financial reconciliation of system inventory with accounting records, enhancing data integrity related to inventory.
- Foster strong collaborative relationships with Production, Sales, Logistics, and Merchandising teams to deliver timely and accurate inventory reports and insights backed by solid valuations.
- Lead initiatives to design and implement effective procedures and internal controls for inventory management and valuation.
- Investigate and report on aged, obsolete, or defective inventory to ensure proper costing and accounting.
- Develop a methodology for inventory provisioning policies.
- Oversee projects aimed at enhancing systems for accurate tracking, recording, and valuation of inventory.
- Assist in the formulation of procedures and controls governing inventory movement.
- Conduct physical audits of inventory locations on a quarterly basis and monthly through systems.
- Provide support for monthly and year-end financial reporting requirements.
- Prepare analyses and documentation for annual statutory audit processes.
- Engage with auditors as necessary.
- Lead from a financial perspective, in conjunction with the manufacturing team, the design and implementation of new processes and methodologies for in-house production.
- Ensure compliance with all internal controls in alignment with quality and regulatory standards.
- Maintain the integrity of the accounting system while continuously seeking improvements.
Required Skills:
- Preferably ACA, CIMA, or ACCA qualified.
- Enthusiastic and adaptable, capable of working at all levels within the finance team.
- Experience with inventory processes and familiarity with the finance function in an inventory-managing organization.
- Understanding of fundamental inventory accounting principles, including valuation, transfers, landed costs, and stock reconciliations.
- Highly organized with a strong focus on accuracy.
- Ability to take ownership of responsibilities and critically assess existing processes, identifying areas for improvement and recommending constructive changes.
- Excellent communication and interpersonal skills to build relationships with operational teams and address their needs.
- Capacity to thrive in a fast-paced and expanding environment where processes may not be fully developed or documented.
- Proficient in Excel, with experience handling large datasets.
- Prior experience with SAP Business One is advantageous.
At OrganOx, we value diversity and are committed to recruiting and retaining exceptional talent from a wide range of backgrounds who share our core values of innovation, evidence, integrity, teamwork, respect, and passion. If you resonate with our mission and are looking for a place to grow, develop, and excel, we would like to hear from you.
