Financial Accountant (Contract)

Driven by a bold pursuit of science and fueled by an unwavering commitment to patients, Sun Pharma is a leading global pharmaceutical company, providing high-quality medicines trusted by healthcare professionals and patients.

As part of our mission to Reach People and Touch Lives, we deliver Innovative Medicines, Generics and Consumer Healthcare products that improve the lives of millions of people. With a broadly diversified portfolio of products that span multiple therapeutic areas, we improve access to effective, affordable treatments that promote better health and well-being.

Job purpose

The Financial Accountant is responsible for ensuring the accuracy of inventory quantities and valuations across internal operations and third-party locations in accordance with applicable accounting standards. The role supports inventory optimization, cost accounting, financial reporting, and audit requirements through close collaboration with Supply Chain, Operations, and Finance teams.

Duties and responsibilities

Inventory Accounting & Costing

• Preparation and analysis of various monthly financial reports for management.
• Maintain accurate inventory valuation and costing records.
• Provide costing support for site-manufactured and intercompany-purchased products.
• Maintain and update standard costs for new and existing products.
• Monitor inventory movements and identify areas of concern, including obsolescence, expiry, slow-moving inventory, and inventory losses, providing recommendations for corrective action.
• Prepare profit elimination reports and related analyses.
• Perform transfer pricing calculations, coordinate approvals with related entities, and update approved transfer prices in the system.

Financial Reporting and Month-End Close

• Prepare and analyze monthly financial reports for management.
• Participate in the month-end close process, including journal entries, account reconciliations, financial statement preparation, and reporting.
• Prepare inventory and costing-related journal entries.
• Perform analysis of inventory balances and other cost of goods sold (COGS) expenses.
• Provide ad hoc financial reporting and analysis as required.

Budget & Analysis

• Assist in the preparation of COGS budgets and forecasts.
• Provide financial analysis and recommendations to support operational and business decisions.
• Design and implement new reports and tools to meet evolving business requirements.
• Identify trends, variances, and opportunities for process improvements.

Audit, Compliance, and Controls

• Support quarterly reviews and annual audits, with a focus on inventory and costing requests.
• Prepare inventory valuation schedules and working papers for quarterly and year-end audit requirements.
• Maintain accounting records and internal controls to ensure compliance with company policies and applicable accounting standards.
• Investigate and resolve discrepancies in accounting records and inventory-related transactions.

Business Partnership

• Collaborate with Supply Chain, Operations, and other departments to support business objectives.
• Communicate effectively with internal stakeholders, external auditors, customers, suppliers, and related entities.
• Provide financial insight and support on special projects and ad hoc initiatives.

Additional responsibility (Only applicable to customer facing roles)

Report any adverse event received from customers for company products to the pharmacovigilance department / Drug Safety on the same day or within 1 business day

Qualifications

• University degree or college diploma in Accounting, Finance, Business, Commerce, or a related field.
• Professional accounting designation (CPA or equivalent) preferred.
• Minimum 5 years of progressive accounting experience, preferably within a manufacturing or pharmaceutical environment.
• Experience with inventory accounting, cost accounting, and financial reporting.
• Experience supporting audits and financial close processes.
• Strong knowledge of inventory and cost accounting principles.
• Advanced Microsoft Excel skills.
• Experience with ERP systems, preferably SAP.
• Experience with reporting and business intelligence tools, preferably SAP BI.
• Strong understanding of financial accounting and internal controls.
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