Who we are Together, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we’re always looking for new ways to continue making a difference, and new people to make a difference with.The opportunity

Primary responsibility is to work in GBS Costing & Inventory Team with a focus on processing Inventory analysis, Costing processes & Accounting in the Finance GBS, in close partnership with business, operations, Procurement, Supply Chain and other accounting teams

In-depth and up to date knowledge of USGAAP and (more complex) Period-end close, Variance analysis, PPV analysis, Absorption costing, materials accounting standards, ageing analysis, inventory provision accounting, as well as the ability to coach and share this guidance across the Finance teams.

Regularly generate and deep-dive analyze Costing processes, variance analysis, Annual Operating Plan (AOP), Latest Best Estimation (LBE), month-end reporting & presentation, monitor Cost of Raw Materials and Production, Diagnose the Cause of Inventory Variance, Stock take variance analysis (PV), Create and Archive Monthly Journal Entries. Responsible for review and analysis of inventory transactions to ensure integrity of inventory value, COGS, and inventory adjustments & provisioning. Developed analysis tools to enhance review of changes to part cost, purchase price variance, to ensure accurate financial reporting of inventory.

Communication and (internal) stakeholder management with higher management levels within the Global Teva organization is required in this process.

The Costing / Inventory Manager mentors a team of professional accountants by guiding, supporting and motivating team members.
 

How you’ll spend your day Technical/functional knowledge in Costing, Inventory, Accounting and closing & reporting process area, with strong background of USGAAP Managing all Costing & inventory related activities including accounting policies and memos, cost accounting and write offs, their reporting and balance sheet reconciliations. Full responsibility for the initial set-up and carve in of all Costing & inventory accounting activities into the Global Business Services. Therefore tight communication and collaboration with local, regional and global accounting teams where needed Supervise and oversee the group’s Costing / Inventory and cost of goods sold journal entries Be fully accountable for all the Costing processes & Inventory accounting activities- plan, report, ageing, provisions, monitor and analyze Responsible for tight alignment with local accounting and operations as well as procurement and supply chain Coordination of SOX compliance work for all entities and create further awareness of importance of SOX compliance Driving Standardization of processes and implementing of Best practices  Support of external and internal audit requests by providing inventory analyses Management of day-to-day operations and coaching of the team members Support and lead  of complex and international ad-hoc projects and ad-hoc reporting Support systems implementation and modification to existing system and ensure timely delivery of all system testing and validation. Process documentations and certifications – will have to ensure that all process are appropriately documented and periodically certified by team members on regular basis. Build and strengthen client relationships to achieve long-term partnerships 
  Your experience and qualifications Qualified CMA with minimum 10+ years of experience in Costing and Inventory. Minimum 4 years as people management experience is must Manufacturing experience is must Strong knowledge of US-GAAP and SOX SAP & excel experience is must IT Literacy- SAP, Oracle or any other ERP, Microsoft Office, Hyperion Well versed with latest trends, technology & best practices in the industry Experience in fast-paced multinational matrix organization Strong change management, communication and influencing skills Excellent listening, negotiation and presentation skills  Fluent verbal and written communication in English  Hands-on and proactive; strong organizational skills Results driven and service oriented to internal and external customers Reports To

Associate Director Finance Operations

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