Inventory and InterCo Accounting - Supervisor

Company Overview

Hitachi Vantara provides information technologies, services and solutions that help companies improve IT costs and agility and innovate with information to make a difference in the world. Our customers gain compelling return on investment (ROI), unmatched return on assets (ROA), and demonstrable business impact. With approximately around 9,800 employees worldwide, Hitachi Vantara does business in more than 100 countries and regions. Our products, services and solutions are trusted by the world's leading enterprises, including more than 70% of the Fortune 100 and more than 80% of the Fortune Global 100.

Hitachi Vantara elevates your innovation advantage by combining IT, operational technology (OT) and domain expertise. Join our team and our employee-focused culture and help drive our customers’ data to meaningful customer outcomes! 

Job Title: Global Inventory and InterCo Accounting Manager

Job Summary:

We are seeking an experienced Global Inventory and InterCo Accounting Manager to join our team. The successful candidate will be responsible for managing and accounting for global inventory and InterCo transaction across multiple regions, ensuring accurate financial reporting, and compliance with accounting standards. This role requires strong analytical skills, attention to detail, and the ability to work effectively in a fast-paced global environment.

Key Responsibilities:

• Manage a team of 7 people
• Perform inventory valuations, including calculating cost of goods sold, inventory obsolescence, and write-offs.
• Collaborate with product leadership on demand planning and advise on requisite inventory reserves.
• Work with Logistics and FP&A teams to develop freight forecasts (inward/outward).
• Partner with the pricing team to update Oracle standard costs and SFDC costs.
• Present R&O (Risk and Opportunity) items to leadership and participate in collective decision-making.
• Ensure accurate COGS recording against revenue and guide the business team on purchase price variance.
• Ensure calculation related to inventory reserves for On Hand, On Loan, and Excess & Obsolete (E&O) inventory are in alignment with the policy and demand plan.
• RMA and Spares Accounting- Manage accounting for Returns Material Authorizations (RMA) and spares.
• Third Party Rebate Claim: Manage third-party rebate claims and ensure accurate accounting.
• Software Royalty Computation: Calculate software royalties and ensure accurate accounting.
• Balance Sheet Reconciliations: Perform balance sheet reconciliations for inventory and other relevant accounts.
• Product Payments: Manage payments for Hitachi products and ensure accurate accounting.
• Intercompany Cross Charges: Manage intercompany cross charges and ensure accurate accounting.
• Resale Minus Computation: Calculate resale minus and ensure accurate accounting.
• Month/Quarter End Closing: Participate in month-end and quarter-end closing activities, ensuring timely and accurate financial reporting.
• Reporting to Global CFO: Provide regular updates on KPIs, reserves, forecasts, automation initiatives, and other key metrics.
• Process Improvement: Identify and implement process improvements to enhance inventory management and accounting efficiency.
• Collaboration: Work closely with global teams, including logistics, procurement, and finance.

Qualifications

• CA or CA Inter or ICWA or MBA Finance with 10+ years of work experience.
• Working in Oracle ERP is an added advantage.
• Must be comfortable communicating directly with senior Business Partners
• Strong accounting and analytical skills, logical reasoning, and time-management skills
• Strong business acumen and judgment and demonstrated ability to work closely and build sustainable business partnerships
• Well-organized and detail-oriented to handle in-depth, special projects.
• Ability to prioritize multiple tasks ensuring that tasks are completed appropriately, and deadlines are met
• Proficient in Microsoft Office applications, specifically Excel and PowerPoint
• Experience with financial accounting systems (Oracle, Hyperion, Essbase)
• Experience with global financial systems and processes.
• Familiarity with data analytics tools.

All qualified applicants will receive consideration for employment without regard to race, color, religion, place of origin, ethnic origin, national origin, ancestry, age, sex, sexual orientation, gender identity, transgender status, genetic information, mental or physical disability, marital status, pregnancy, veteran status, or any other characteristic protected by applicable national, state, or local law.