Cost Accountant

About CiplaCipla is a leading global pharmaceutical company, dedicated to high-quality, branded, and generic medicines. We are trusted by healthcare professionals and patients across geographies. Over the last eight decades, we have strengthened our leadership in India's pharmaceutical industry and fortified our promise of strengthening our global focus by consolidating and deepening our presence in the key markets of India, South Africa, the U.S., and other economies of the emerging world.Driven by the purpose 'Caring for Life', Cipla's focus has always been on making affordable, world-class medicines with a reputation for uncompromising quality standards across the world.In the last 85 + years, Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 100 countries. Cipla is a fast-growing pharmaceutical company with a continued focus on the expanse of our strong legacy. Over the last five years, Cipla has significantly expanded its portfolio and presence in the U.S. with both a generic and brand division.InvaGen Pharmaceuticals, Inc.InvaGen Pharmaceuticals is a Cipla subsidiary engaged in the development, manufacture, marketing, and distribution of generic prescription medicines with focus on a range of therapeutic areas, including cardiovascular, anti-infective, CNS, anti-inflammatory, anti-diabetic, and anti-depressants. The company was founded in 2003 and is based in Central Islip and Hauppauge, New York. In October 2020, InvaGen established its project site in Fall River, Massachusetts to support the launch of Cipla's respiratory business in the United States.Job TitleCost AccountantOrganization NameInvaGen PharmaceuticalsLocation550 South Research Place Central Islip, NY 11722Employment Type(Hourly/ Full Time)Full Time - Salaried/ExemptSalary Range(Base/ Hourly)$80,000 - $100,00BenefitsIn addition to a fulfilling career and competitive salary, the Company offers a comprehensive benefits package to include a 401(k) savings plan and matching, health insurance - medical/dental/vision, health savings account (HSA), flexible spending account (FSA), paid time off (PTO) - vacation/sick/flex time, paid holidays, short-term disability (STD), long-term disability (LTD), parental leave, paid and unpaid family leave, employee discounts, and other benefitsWork Hours/ Shift/ Remote8:30 AM - 5:00 PMResponsibilities/ AccountabilitiesA. Inventory Analysis & accountingInventory roll forward exercise, reconciliation & valuation using Excel.Prepare and maintain Material COGS reconciliationInventory analysis and accrual booking for slow / non-moving, near expiry, rejects and NRV.Inventory Ageing analysis, monitoring and controlInventory count & physical verification on periodic basis.Preparation & analysis of schedules - provision movement, ageing, destruction and WIPB. InventoryReview existing controls around inventory and product costing and propose and implementing changes to eliminate control gaps.Evaluation of PR and PO raised for souring API/RM/PM to rationalize stock availability.Tracking procurement and consumption of excipients, stores and spares.Ensuring timely GRN of goods and follow up with warehouse team on any delay.C. Opex EvaluationOperating expense evaluation at the time of PO or Invoice booking approval.Looking over new operating expense proposal/ agreement and submitting pros and cons of proposal.Physical verification of services taken by users, to approve service invoices.D. Product CostingManage Product costing sheet for all the products with live update of cost data.Regularly reviewing & updating the costing information including recipe and cycle time to ensure availability of up-to-date product costing at any point of time.Gathering recipe information for new product or SKUs & prepare costing for same.Computation of Key activity rates for overheads costing & inventory valuation per policyPeriodic review & revaluation of key activity rates and executing quarterly costing runs in SAPE. Monthly Performance Analysis, MIS, Audit and SAP supportSAP SPOC from Finance side to test and execute all SAP developmentSupport all financial audits and point of contact for inventory, fixed assets, sales and AR.Preparation of Monthly plant performance report - production, KPIs and financial metrics.Support monthly and year end books closing & financial Statement finalizationPreparation and analysis of reports and schedules for audit and analysisAssist in Annual Budget preparation & compilationF. Accounts ReceivableEnsure timely and accurate knocking off customer payments with open invoicesFollow-up on third payment, ensuring that overdue invoices are timelyPrepare AR Aging and sales schedules and ensure timely profit share bookingEducation Qualifications• BS in Accounting or Finance.• Master's Degree in Finance, Information Systems, or a related field preferred.Experience• Minimum 5 years of quality work experience preferably in manufacturing set-up/plant-based role.Skills/ Competencies• Strong technical background and knowledge base of all aspects of GAAP.• Solid written and verbal communication, analytical and management skills.• Must be able to effectively interact with various levels of management including division managers and senior corporate personnel.• Knowledge of SAP ERP is required• Proficiency in Microsoft Office Suite (Excel, Word, & PowerPoint).• Ability to work independently effectively.Physical Requirements• Sitting at a desk and/or working at a computer or other "screen" 75% or greater of an 8-hour period.Other InformationNo remote work available. Relocation available.NOTICE: The posting for local applicants only - is not for those applying for a global assignment and/or for employees working outside of Cipla's U.S. Subsidiaries or Affiliates.Equal Opportunity EmployerCipla USA & its U.S. Affiliates are committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.At Cipla, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact careers.northamerica@cipla.com.Pre-employment ProcessApplicants who receive a conditional offer must satisfactory complete pre-employment drug testing.Disclaimer on Pay RangesAbout the Salary/ Pay Range: The salary range mentioned above is an anticipated base salary range for this position. Exact salary depends on several factors such as experience, skills, education, and budget. Salary range may vary based on geographic location. In addition to base salary, this position may be eligible for benefits and participation in a bonus program based on performance and company results.