Financial Accountant

Duties and responsibilities

The Financial Accountant is responsible for:

• Preparation and analysis of various monthly financial reports for management
• Participate in the accounting close process (journal entries to financial statements including reconciliations and reporting)
• Act as backup for various costing functions.
• Assist in the preparation of the other COGS budget
• Assistance with the quarterly reviews and annual audit, specifically focused on inventory requests
• Responsible for the preparation of month end journal entries (inventory and costing related)
• Responsible for the preparation and analysis of inventory and analyzing other COGS expenses
• Monitors inventory movement, highlighting problem areas, such as obsolescence, expired items, etc. and makes appropriate recommendations as required
• Responsible for the preparation of the profit elimination report for US Inventory
• Responsible for the preparation of the inventory valuation and related quarterly and year end working papers for the quarterly reviews and annual audit
• Maintain standard cost file for new and existing items on a regular basis
• Prepare transfer pricing calculations, coordinate approvals with other Taro entities and update system with approved transfer prices
• Ensures accounting records and internal controls are maintained to ensure compliance with Company objectives, GAAP and Sarbanes-Oxley requirements.
• Provide direct input/analysis into problem areas
• Designs and implements new reports to satisfy user requirements
• Interact with other departments to address ad hoc financial analysis
• Communicate with various internal and external customers and suppliers
• Ad hoc financial reporting and analysis as required

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

• Minimum University or college degree (preferably in a business or commerce stream)
• Minimum 5 years of accounting experience; preferably within the pharmaceutical manufacturing environment.
• Candidates possessing an Accounting designation are preferred.
• Able to identify, investigate and resolve discrepancies in the accounting records.
• Able to propose changes to the existing processes and controls
• Strong analytical and Excel skills are a must
• Ability to multi-task and respond to requests from multiple locations
• Excellent interpersonal and communication skills; ability to work with diverse personality types
• Strong computer skills (MS Office including advanced Excel) combined with ERP experience, preferably with SAP.
• Experience with reporting systems, specifically SAP BI.
• Detail oriented with strong analytical skills
• Flexibility in hours required to fulfill demands, particularly during month end and audit periods
• Strong financial accounting skills
• Can work independently, as well as in a team setting
• Working knowledge of costing and inventory accounting principles an asset

Working conditions

Office based role

Physical requirements

Office based role

Direct reports

NA