Inventory Accounting Process Design Manager

Location:
Luton
Job Type:
Permanent
Industry:
Finance
Job reference:
BBBH145925_1634295088
Posted:
about 2 months ago

I am working with a multinational pharmaceutical business who are currently undertaking a global Transformation Project. This role supports the Inventory Accounting Process Design Lead and Business Process Lead for a global manufacturing accounting project where the key objective is to improve and standardise the end-to-end manufacturing accounting processes, delivering more granular cost performance reporting and insights to enable better decision-making. This includes the analysis and deployment of a new inventory accounting methodology, enabling analysis of actual inventory values across a products multi-step value chain. The full set of processes covered within this project are Standard Product Costing, Cost Accounting, Inventory Accounting and Performance Measurement, split across SPC (Standard Product Costing) and APC (Cost Accounting, Inventory Accounting and Performance Measurement).

You will have significant experience in this process area within a manufacturing context and have significant project experience, being comfortable preparing, and supporting the facilitation, execution and write up of workshops with multiple stakeholders to insightfully drive out requirements.

This role will require an understanding across Standard Product Costing, Cost Accounting, Inventory Accounting and Performance Measurement as well as some knowledge of manufacturing processes. The role requires liaising with other process areas and workstreams across the project and with the end users of the solutions, providing insights and guidance to ensure successful delivery of the target

In this role you will:

  • Support in the development and implementation of standardised best practise global inventory accounting processes delivering efficiency and effectiveness, including defining and running workshops, capturing outputs and interpreting to ensure clear requirements are defined
  • Support GFS (finance shared services) in adapting globally standardised inventory accounting processes & policies to ensure regional compliance
  • Support the Business Process Lead and Process Design Lead in defending and driving the adoption of the solution, analysing deviations or localisation to determine where there is valid justification driven by business criticality or statutory requirements
  • Provide analysis to support the definition of the SAP ECC and SAP BW solutions, based on defined requirements ensuring the end deliverable meets the requirements laid out by the Design team

  • Support in the development and implementation of global inventory accounting policies, standard operating procedures (SOPs),KPIs and month-end-close processesSLA's in accordance with:
    • International Accounting Standards
    • Internal policies and guidelines
    • Industry best practise
  • Support the development of global standardised inventory accounting reports (identifying standard SAP ECC reports, defining SAP BW reports, Fiori and 3rd party tooling reports populated through SAP data) and providing knowledge transfer and training to end users on interpreting reports
  • Contribute into required master data definitions, usage and policies - including analysis of business scenarios and their impact on master data
  • Support UAT and validation of test results, including analysis to support defect resolution

Essential Skills and Experience

  • Degree or equivalent professional qualification
  • Experience of inventory accounting and best practices within the Pharma industry
  • An understanding of different inventory valuation techniques and relevant International Accounting Standards
  • Able to support Leads in client workshops to drive design decisions, solutioning and system demonstration, including defining, drafting, facilitating and gathering outputs for workshops
  • Strong Excel modelling and dashboarding skills
  • Hands on experience of SAP ECC and BW systems including providing functional expertise, hands-on delivery, customization, guidance, presentation, and instruction
  • Experience of at least 1 SAP full implementation project lifecycle (from a functional perspective), preferably from scoping and planning through to post go live support
  • Process design experience

Desirable Skills and Experience

  • Chartered accountancy qualification (or part qualification)
  • Work experience in supply chain finance
  • An understanding of the functional, application and technical architectural elements of an SAP programme.
  • Prior knowledge of upcoming changes in SAP FICO/CO-PC with SAP S/4HANA, as well as expertise in the latest SAP financial technologies
  • Prepare configuration & other design documents (User Requirement Specification, Functional specification, Solution design document)

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