Senior Accountant

2 days ago

Bengaluru, Karnataka, India Acesoft Labs Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Hi all ,

We are hiring for a role

Senior Accountant (COGS - Inventory )

The candidate will be responsible for managing the accounting for Veritas in relation to COGS and Inventory.

Working with the internal Supply chain team and the external Vendor, the candidate will be responsible for:


• Perform and assist with the monthly, quarterly and year-end process and daily

operations of the Inventory GL and COGS accounting.

• Perform month-end close packages in Oracle and prepare metrics and close reports.

• Review of Variance analysis (PPV / IPV / Accrual Vs Actuals)

• Liaison with supply chain for changes in standard cost and update system on a

frequent basis.

• Reviewing the Item cost reports weekly to ensure no Zero Value Items 

• Analyze financial data to ensure accuracy, completeness and US GAAP compliance.

• Maintain proper SOPs, accounting methods, policies and procedures for Inventory

and COGS related appliance.

• Reviewing P&L, balance sheet GL and reconciling monthly to provide the flux

commentary to the management.

• Working with Supply Chain to understand the various transactions that happen

during the period, purchases, usage, scrap etc.

• Preparing the monthly JVs in relation to the Inventory reserve and Deferred COGS

Accounting (using the Change in Inventory accounting method).

• Preparation of specific Spare Part and inventory recs at Month end.

• Support the annual audit requirements of the various Entities in accordance with the

appropriate Local and SOX requirements.

• Establishing and refining procedures, systems and documentation currently in place

to ensure global consistency / SOX Compliance / GAAP and SEC Compliance.

• Providing Relevant and timely information to Senior Management.

• Working cross functionally and cross regionally.

• Other Ad Hoc projects as required for example, but not limited to, backup support

for the COGS, spare part inventory, royalty and AR Close

What skills, experience and education you need as a team member to succeed:

• Qualified CIMA / ACCA / ACA / CPA Preferred.

• Strong MS Excel and Oracle skills preferable.

• OBIEE /OAC / Business Objects / Essbase experience a plus.

• Ability to use their own initiative and work independently requiring little direction.

• Ability to work well under pressure and tight deadlines and to be able to prioritize tasks.

• Excellent attention to detail, Integrity and trust.

• Excellent communication skills and strong interpersonal skills.

• Work experience within a multinational environment would be an advantage

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