For 75 years, Charles River employees have worked together to assist in the discovery, development and safe manufacture of new drug therapies. When you join our family, you will have a significant impact on the health and well-being of people across the globe. Whether your background is in life sciences, finance, IT, sales or another area, your skills will play an important role in the work we perform. In return, we’ll help you build a career that you can feel passionate about.
Job Summary
The
Manager Inventory Accounting provides financial accounting leadership and strategic business partnering for global inventories. Responsible for global accounting for inventory process, controls, inclusive businesses under direct supervision, and partnering with teams outside of direct supervision. Manage complex activities associated with maintaining general ledger accounts and the development of financial information and reports in accordance with accounting policies and procedures related to inventory.
Job Responsibilities
- Provide leadership in the continuing development and management of the Inventory Center of Excellence, reporting into the Global Inventory Controller
- Manage and oversee inventory governance, internal controls and compliance with policies, procedures, and standard operating procedures. Harmonize inventory accounting policies where applicable
- Manage and oversee monthly/quarterly accounting and reporting close activities, generally including: inventory valuation, reserves, and adjustments; reporting and inventory KPI updates; account reconciliations for balance sheet and income statement accounts, inventory accruals and adjusting journal entries; validate the cost of goods sold as part of the month-end close and reviews inter-company profit eliminations
- Implement and/or oversee the process to coordinate, organize and perform both cycle counts and complete physical inventory review with business unit management. Review inventory count variances, research and resolves issues
- Perform quantitative trend analyses, and period over period fluctuations analyses. Identify/explain variances to ensure proper reporting and identify opportunities for inventory accounting efficiencies and working capital improvements
- Partner with FP&A to forecast inventory balances and other inventory related financial statement metrics
- Create various monthly, quarterly, and annual inventory reports for management review as needed (e.g., establish standardized reporting fully embedded within organization including service level agreements, KPI’s and dashboards). Regular meetings with key finance, operations, and procurement stakeholders to discuss issues and focus on inventory drivers
- Support mergers and acquisition inventory activities (e.g., due diligence, valuation, integration) from the preliminary deal stages through integration with ERP system
- Engage with internal and external auditors to coordinate compliance with internal controls and substantive audit procedures
- Responsible for people leadership and personnel management activities such as: scheduling, personnel actions (hiring, promotions, transfers, etc.), training and development, providing regular direction and feedback on performance, disciplinary actions and preparing and delivering annual performance and salary reviews
- Develop short- and long-range operating and strategic objectives, organizational structure, staffing requirements and succession plans.
- Partner with cross functional teams (e.g., legal, procurement, operations) when new or unusual transactions arise to ensure accounting for inventory is appropriate and impacts to business is known and understood
- Develop and recommend departmental budget and authorize expenditures
- Develop and oversee the implementation of departmental training programs, including orientation
- Support the policy of equal employment opportunity through affirmative action in personnel actions
- Ensure adherence to pertinent regulatory requirements and to departmental policies, practices and procedures [SOPs, safety procedures and biosafety protocols]
- Perform all other related duties as assigned.
Job Qualifications
- Education: Bachelor’s degree (B.A./B.S.) or equivalent in business, management or related discipline. CPA or Master’s degree preferred.
- Experience: Ten or more years’ experience in accounting and finance. Six to eight years of experience in Finance Management, specifically with inventory and material costing responsibilities
- Experience in complex inter-company inventory transitions and supervisor experience required. SAP experience preferred.
- Proven people leadership experience in managing a small team for at least 3 years
- An equivalent combination of education and experience may be accepted as a satisfactory substitute for the specific education and experience listed above.
- Certification/Licensure: CPA preferred
- Other
- Strong experience with revenue and cost recognition in accordance with US GAAP.
- Excellent organizational skills, with the ability to prioritize and manage workload and perform multiple tasks simultaneously.
- Exceptional verbal and written communication skills.
- Solid critical thinking and problem solving skills.
- Strong Microsoft Excel skills required.
- Self-starter, ability to work independently.
- Strong analytical, interpersonal and collaboration skill.
Compensation
The pay range for this position is $120K - $145K USD annually. Please note that salaries vary within the range based on factors including, but not limited to, experience, skills, education, certifications, and location.
Competencies
Own - We act like owners when we hold ourselves accountable for our actions, when we respond to internal and external client needs with speed and accuracy, when we set and achieve meaningful goals, and when we strive towards continuous improvement.
Collaborate -We collaborate when we partner with each other and promote teamwork, when we communicate clearly and effectively across the hall or around the globe, and when we welcome all forms of diversity and encourage inclusiveness.
Care - We show we care when we respect each other, our animals and the communities where we work and live, when we create a positive healthy workplace, when we are mindful of our compliance standards, and when we choose to do the right thing.
Lead - We lead when we advocate our purpose and model our values, when we deliver innovation, when we embrace change, and when we appreciate and celebrate the great work of others.
About Corporate Functions
The Corporate Functions provide operational support across Charles River in areas such as Human Resources, Finance, IT, Legal, Sales, Quality Assurance, Marketing, and Corporate Development. They partner with their colleagues across the company to develop and drive strategies and to set global standards. The functions are essential to providing a bridge between strategic vision and operational readiness, to ensure ongoing functional innovation and capability improvement.
About Charles River
Charles River is an early-stage contract research organization (CRO). We have built upon our foundation of laboratory animal medicine and science to develop a diverse portfolio of discovery and safety assessment services, both Good Laboratory Practice (GLP) and non-GLP, to support clients from target identification through preclinical development. Charles River also provides a suite of products and services to support our clients’ clinical laboratory testing needs and manufacturing activities. Utilizing this broad portfolio of products and services enables our clients to create a more flexible drug development model, which reduces their costs, enhances their productivity and effectiveness to increase speed to market.
With over 20,000 employees within 110 facilities in over 20 countries around the globe, we are strategically positioned to coordinate worldwide resources and apply multidisciplinary perspectives in resolving our client’s unique challenges. Our client base includes global pharmaceutical companies, biotechnology companies, government agencies and hospitals and academic institutions around the world.
At Charles River, we are passionate about our role in improving the quality of people’s lives. Our mission, our excellent science and our strong sense of purpose guide us in all that we do, and we approach each day with the knowledge that our work helps to improve the health and well-being of many across the globe. We have proudly worked on 80% of the drugs approved by the U.S. Food and Drug Administration (FDA) in the past five years.
We’re committed to providing benefits that elevate your quality of life. Based on your position these may include: bonus/incentives based on performance, 401K, paid time off, stock purchase program, Health and wellness coverage, employee and family wellbeing support programs, and work life balance flexibility.
Equal Employment Opportunity
Charles River Laboratories is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin, veteran or disability status.
If you are interested in applying to Charles River Laboratories and need special assistance or an accommodation due to a disability to complete any forms or to otherwise participate in the resume submission process, please contact a member of our Human Resources team by sending an e-mail message to crrecruitment_US@crl.com. This contact is for accommodation requests for individuals with disabilities only and cannot be used to inquire about the status of applications.
For more information, please visit www.criver.com.
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