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Senior Inventory and Intercompany Accountant job in Kraków

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Job Ref:  018606
Employer:  Hitachi
Country:  Poland
City:  Kraków
13/10/2016 00:06
Senior Inventory Accountant
Position Description

Job Title: Senior Inventory Accountant

Job Title most commonly recognized in the market place for this position: Cost or Inventory Accountant.

Name of person or job title of person this position will report to: Director, Inventory Accounting

Job Overview :
SIA's (Senior Inventory Accountants) will be responsible for specific assigned aspects of inventory accounting, reporting and controls, including inventory valuation for the Logistics Function and COGS (Cost of Goods Sold) for the Global Sales organization; while ensuring compliance with process & policy. With direct responsibility for the IDC (International Distribution Center @ Norman, OK), SIA's are also responsible to provide oversight and reporting for the ADC (Asia Distribution Center) and the EDC (European Distribution Center), which receives routine and direct inventory accounting support from a dedicated inventory accounting team at the Newton Finance Centre in Krakow.

Professional and timely resolution of all issues is required as is the timely and accurate reconciliation of inventory figures and resolution of related inventory or COGs transactions. SIA's play a pivotal in the monthly close cycle and as a result the SIA is expected to be available at specific times outside of standard working hours in order to perform pre-defined activities.
Job Responsibilities can all or some of the following :

Accounting and Control (70%)

  • Coordinate and oversee monthly Oracle ERP Monthly Inventory Close Process
    • Oversee the completion of month end interdependent ERP sub ledger and related applications
    • Perform specific ERP inventory close related process tasks, including the closing and opening of inventory orgs (locations) globally for all Distribution Centers (IDC, ADC & EDC)
    • Ensure GDS (Global Decision Support) / BO (Business Objects) Data Warehouse agrees with Oracle Inventory Sub ledger.
  • Update COGS for HDS Hardware and Software; as required in the following:
    • Oracle ERP Item Master
    • Insight CRM Price / Cost Lists
  • Calculate and Record Monthly Standards Revaluation
  • Analyze, Evaluate, Review and Record Inventory or Inventory Related Reserves for:
    • On-Loan Inventory (Inventory that HDS still holds title to).
      • Third Party Customers: In most cases consigned to customers for marketing or sales purposes, in connection with or in the expectation of a sale. Other potential uses include making equipment available to help to resolve customer satisfaction issues or to facilitate customer equipment migrations, etc. as part of equipment a trail basis, as a possible pre-curser to a sale or revenue recognition.
      • Internal Use:
    • On-Hand Inventory (Inventory that is available for sale)
    • RMA (Used / Returned Equipment that has the potential of being refurbished and redeployed)
    • Third Party Rebates like Brocade, Cisco, etc.
  • Ensure Hitachi VOI (Vendor Owned Inventory) Activity for shipments from RSD (Hicam Hicef) is recorded accurately and timely.
  • Calculate and control PPV (Purchase Price Variances) that include the following:
    • Third Party Hardware and Software
    • Hitachi / Affiliated PPV
      • RSD Special Pricing
      • HDS Self Funding
      • Hitachi Software / Software Royalty Accounting
  • Analysis and Monthly Account Reconciliation for Assigned Inventory, Reserve, Valuation or related accounts.
    • Ensure reconciliations are completed on a timely basis consistent with schedules and due dates established by Corporate Controller.
    • Timely follow-up and resolution of reconciling items
  • Support Audit and other compliance requirements
    • Internal Audit
    • SOX Narratives, documentation and testing
    • External Auditors
    • Government Auditors
  • Application testing, support and correction of system problems by participating with IT
    • in testing upgrades, modifications and enhancements to Oracle ERP and related inventory accounting applications
    • Researching ERP problems; helping identify root causes and developing corrective actions.
Reporting (30%)

  • Participate in the Preparation of the Monthly Inventory Close Review Package for Senior Financial and Functional Management, which may include one or more of the following areas as assigned:
    • Inventory Summary Schedules with explanatory comments
      • By Category (On-Loan, On-Hand & related Inventory Reserves)
      • By GEO
    • Gross to Net Inventory Schedules that provide different views / explanatory comments:
      • By GEO (Americas, APAC, EMEA)
      • By Category (On-Loan, On-Hand & Reserves)
      • By Product Line
    • Specialized schedules and analysis as required including:
      • Aging's for OL-Loan
      • Deferred COGS
      • Third Party Rebates

  • Support FP&A by participation in:
    • Monthly Commentary on Actuals:
      • Inventory Reserves
      • Standard Revaluations
    • Monthly or Quarterly Forecast Updates / commentary for:
      • Inventory Reserves
      • Standard Revaluations
    • Annual AOP
      • Inventory Reserves
      • Standard Revaluations

Interacts with :
  • Director, Inventory Accounting
  • Corporate Controller
  • Logistics
  • Global Sales
  • Pricing
  • Corporate FP&A
  • Accounts Payable
  • Procurement
  • Intercompany Accounting
  • GL Accounting
  • GEO Finance Teams (APAC, EMEA, Latin America, Canada)
  • IT


Primary Qualifications
  • BA/BS in Finance or Accounting
  • Four to six years applicable work experience in finance or accounting
  • Ability to interact with 'C' level executives, VP's and their staff
  • Strong accounting and analytical skills, logical reasoning, and time-management skills
  • Excellent written and verbal communication; ability to speak to finance and operational colleagues and explain accounting issues and impacts
  • Ability to function as an engaged member of a cross-functional team or as an effective team leader when either situation is required
  • Ability to prioritize multiple tasks ensuring that tasks are completed appropriately and deadlines are met
  • Demonstrated proficiency with Microsoft Office applications, including Excel, Word and PowerPoint
  • Experience with financial accounting and reporting systems (Oracle, Hyperion, Business Objects, etc.).
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