About Company

A century old company, is a global pharmaceutical leader and the world's largest generic medicines producer. Employees are at the core of the success, with colleagues in over 80 countries delivering the world's largest medicine cabinet to 200 million people every day.

Company has been developing and producing medicines to help improve people’s lives for more than a century. Company is committed to being a global leader in generic and specialty medicines with a portfolio of 3,500 products in nearly every therapeutic area. They are served by one of the largest and most complex supply chains in the pharmaceutical industry. Along with our established presence in generics, the company has significant innovative research and operations supporting the growing portfolio of specialty and biopharmaceutical products.

About Global Business Services Team

GBS has been set up to providing seamless, customer-focused delivery of critical back-end business services with an objective to develop uniform service delivery model and transition relevant functional activities to the GBS centers to provide consistent, streamlined insourced services. The company is building up capability in Bangalore to drive improved operational efficiencies needed in an ever-increasing competitive market with the portfolio of around 3,600 products is among the largest of any pharmaceutical company in the world. 

Job Type

Full Time

Job Description

Purpose of the position:

- Regularly generate and analyze Inventory reports for the assigned site location
- Support site Finance team on analysis of Cost of Raw Materials and Production, Inventory Variance analysis, updation of valuation class, Create and Archive Monthly Journal Entries.
- Analysis of inventory transactions to ensure the integrity of inventory value, COGS, and inventory adjustments & provisioning, purchase price variance, to ensure accurate financial reporting of inventory.
- Communication and (internal) stakeholder management with higher management levels within the Global Teva organization are required in this position.

Key responsibilities:

- Technical/functional knowledge in Inventory Accounting, Closing, and inventory reporting
- Preparation of Journal Entries & Supporting schedule
- Perform Monthly and quarterly inventory close activities of multiple entities
- Analysis of the inventory and variances per legal entities, obtaining the explanation of deviations, and preparing a summarized report on a monthly basis within the scheduled time
- Preparation & clearance of reconciling items of account reconciliations
- Hands-on experience in submission of trial balance in HFM

Required: B.Com/M.Com with 5 years of experience or CA with 2 years of experience