This position is responsible for developing, managing, and streamlining inventory accounting & reporting. This role will oversee and coordinate global inventory accounting & reporting. Assist Local Finance Teams with technical accounting matters related to inventory accounting & reporting and provide guidance as required. Participate in ad hoc projects as required.
KEY RESPONSIBILITIES:
Responsible for overseeing and coordinating global inventory accounting & reporting including but not limited to reviewing the monthly inventory balance sheet positions for each entity to identify any anomalies (e.g., inventory balance with no corresponding inventory reserve).
Participate in the quarterly inventory analysis review process for all entities and develop a plan to ensure all entities reserve balances are reviewed by Corporate Accounting at least annually. Identify areas that require improvement and ensure consistency with Company policy.
Coordination with the local finance leads to obtain variance commentary to support the quarterly closing process related to the balance sheet and cash flows.
Roll-out the Company’s standard inventory reserve analysis template across all entities.
Oversee the Company’s annual lower of cost of net realizable value (LCNRV) testing.
Develop and implement appropriate inventory accounting & reporting policies including creating new accounts and account descriptions in HFM.
Identify and implement processes and best practices within the organization; drive efficiencies in business and accounting processes related to inventory accounting & reporting.
Identify unexpected accounting related issues as they arise and bring them to resolution.
Assist with the due diligence process and post-close integrations related to inventory accounting & reporting.
Gather and validate supporting workpapers for opening balance sheet position as well as Day 1 accounting requirements for acquisitions.
Review and perform budget vs. actual variance analysis and analytical commentary for U.S. Core businesses.
Provide support for other miscellaneous Corporate Finance activities as requested.
Participate in special projects and performs other duties as required.
SPECIFIC KNOWLEDGE & SKILLS:
Highly motivated with an exceptional work ethic, and a demonstrated ability and desire to collaborate with team members and client professionals
Demonstrated professional achievement and client service excellence
In-depth knowledge of US Generally Accepted Accounting Principles including SEC reporting, inventory accounting and related issues
Strong analytical abilities
Strong command of Microsoft Word, Excel, and PowerPoint
Ten (10) or more years of accounting experience, most recently in a management capacity, required
Experience in cost accounting, required
CPA required
GENERAL SKILLS & COMPETENCIES:
Actively use a wide-range of unique professional skills; expert understanding of industry practices
Excellent proficiency with tools, systems, and procedures
Outstanding planning/organizational skills and techniques
Outstanding independent decision making, analysis and problem solving skills
Outstanding verbal and written communication skills
Outstanding presentation and public speaking skills
Outstanding interpersonal skills
Outstanding conflict resolution skills and ability to deliver difficult messages
Strong ability to build partnerships at all levels within the company
Strong negotiating skills
Resolve complex issues in effective ways
Project management, consultative skills and ability to manage a budget
Expert in multiple technical and/or business skills
Ability to cultivate and develop lasting internal and external customer relations
WORK EXPERIENCE:
Typically, 10 or more years of increasing responsibility and complexity in terms of any applicable professional experience.
PREFERRED EDUCATION:
Typically, a Bachelor's Degree or global equivalent in related discipline. Master's degree or global equivalent preferred. May hold two or more industry certifications. CPA is strongly preferred.
TRAVEL / PHYSICAL DEMANDS:
Travel typically less than 10%. Office environment. No special physical demands required.
The posted range for this position is $109,807 to $171,574 which is the expected starting base salary range for an employee who is new to the role to fully proficient in the role. Many factors go into determining employee pay within the posted range including prior experience, current skills, location/labor market, internal equity, etc.
This position is eligible for a [bonus/incentive] not reflected in the posted range.
Other benefits available include: Medical, Dental and Vision Coverage, 401K Plan with Company Match, PTO [or sick leave if applicable], Paid Parental Leave, Income Protection, Work Life Assistance Program, Flexible Spending Accounts, Educational Benefits, Worldwide Scholarship Program and Volunteer Opportunities.
Henry Schein, Inc. is an Equal Employment Opportunity Employer and does not discriminate against applicants or employees on the basis of race, color, religion, creed, national origin, ancestry, disability that can be reasonably accommodated without undue hardship, sex, sexual orientation, gender identity, age, citizenship, marital or veteran status, or any other legally protected status.
For more information about career opportunities at Henry Schein, please visit our website at: www.henryschein.com/careers