Teva Pharmaceuticals USA, Inc.

Senior Cost Accountant

US-PA-North Wales
Requisition #
17-19945
# Positions
1
Experience (Years)
6
Category
Accounting/Finance - Finance

Overview

The Senior Cost Accountant will report to the manager of US Cost Accounting for US plants and is responsible for overseeing all aspects of cost accounting inventory transactions for the largest production facility in the US as well as additional responsibilities for other sites.  This position will perform indepth analysis on a plant level activity for inventory and COGS.  This requires working in multiple ERP systems and should be able to adapt to a changing environment and drive change in a proactive manner.

 

The duties of the role are diversified and involve an advanced knowledge of Cost Accounting principles as well as generally accepted accounting principles.  The incumbent prepares inventory related reports to complete the month end close process, work closely wiht the plant finance operations team, post journal entries, and support management reporting requirements.  In addition, the position will be required to suport the annual budget process for the sites responsible.  The Senior Cost Accountant works under minimal supervision, in accordance with established procedures and directly supports the Manager, Cost Accounting.

 

Travel Requirements:  Approximately <10% domestic

Responsibilities

Monitor day to day reporting of plant transactions: (40%)

  • Review transactions related to creation of products (i.e. receipts, scrap, transfers, production batches, cost variances, obsolescence, and cost of sales) to ensure sub ledger accuracy.
  • Maintain sub ledger account set up to ensure transactions are posted timely and accurately.
  • Work closely with Plant Controllers to analyze obsolescence by creating reports and attending monthly meetings discussing plant activities.

Responsible for the following activities during month end close process: (35%)

  • Create and maintain schedules for at risk inventory and obsolescence inventory at the plant level on a monthly basis.
  • Responsible for importing specific plant cost sub ledgers and inventory reconciliation to GL.  Also reconcile other related balance sheet accountsfor specific plants.
  • Perform allocations based on finished good receipts monthly for mass cost changes as well as LOH apportionment review.
  • Review and reconcile inventory at the plant level related to R&D activities as well as Manufacturing activities.
  • Monitor inventory at outside manufacturers to ensure transactions are completed accurately and inventory is reconciled.
  • Create plant level schedules regarding sku level details of required inventory and COGS information for the Plant Controllers.
  • Monitor dual sourced products and make appropriate re-classes to ensure accurate reposting.
  • Reconcile on hand and in transit inventory reports to GL monthly.
  • Reconcile uninvoiced inventory monthly for all products received in distribution facilities.
  • Create the following reporst for intercompany inventory: inventory turns, lower of cost or market, intercompany inventory profit elimination reports, inventory by location reports monthly.
  • Submit completed reconciliations using online tools monthly.

Build and analyze standards in multiple ERP systems.  Build cost comparison reports and explain YOY changes. (10%)

 

Maintain good relationship with stakeholders to ensure reports are shared timely and there is collaboration across countries and departments to solve issues quickly and accurately. (10%)

 

Other duties as assigned or as business needs require. (5%)

 

Follows Teva Safety, Health and Environmental policies and procedures.

Qualifications

Education:

Bachelors Degree in Accounting or Finance required

 

Experience:

  • 6+ years general accounting experience in mid to large sized multi-national public company with a recent emphasis in Plant accounting required
  • 4+ years cost accounting experience in a mid to large sized multi-national public company with an emphasis on plant manufacturing preferred

Specialized or Technical Knowledge:

  • Oracle (11.5.10 or greater)
  • SAP/JDE background preferred
  • Excel (2007 or higher) complex functions and formulas (pivot tables, lookup tables, graphs, importing and exporting)
  • Access (2007 or higher) ability to manage large databases, create queries and forms

Functional Knowledge and Skills:

  • Ability to read and interpret documents, such as operating instructions, standard accounting and corporate procedure manuals
  • Standard/Actual Costing 
  • Ability to present information clearly to management through written reports and correspondence as well as clear oral communication
  • Ability to communicate to others around the world whose second language is English
  • Ability to calculate complex cost accounting formulas such as: inventory turns, net realizable value, gross margin, intercompany eliminations
  • Ability to manipulate large databases
  • Ability to interpret a variety of instructions, furnished in written, oral, diagram or schedule form
  • This positoin has regular contact with others requiring tact and courtesy to avoid friction
  • Ability to collaborate in a team environment
  • There is full and complete access to important and extremely sensitive information regarding customer relations which requires high integrity to safeguard Teva's position
  • Ability to work overtime

Physical requirements:

  • Able to sit for extended periods of time frequently
  • Able to use general office and telecommunications equipment continuously
  • Capable of meeting Teva's employee attendance requirements continuously

 

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