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Finance Manager, Inventory & Intercompany

Company: Astellas
Location: Northbrook
Posted on: August 8, 2022

Job Description:

Do you want to be part of an inclusive team that works to develop innovative therapies for patients? Every day, we are driven to develop and deliver innovative and effective new medicines to patients and physicians. If you want to be part of this exciting work, you belong at Astellas!

Astellas Pharma Inc. is a pharmaceutical company conducting business in more than 70 countries around the world. We are committed to turning innovative science into medical solutions that bring value and hope to patients and their families. Keeping our focus on addressing unmet medical needs and conducting our business with ethics and integrity enables us to improve the health of people throughout the world. For more information on Astellas, please visit our website at www.astellas.com.

This position is based in Northbrook, Illinois. Remote work from certain states may be permitted in accordance with Astellas' Responsible Flexibility Guidelines. Candidates interested in remote work are encouraged to apply.

Purpose and Scope:
The Inventory and Intercompany Manager is responsible for Inventory, Supply Chain, and Intercompany Accounting, including cost allocations and Intellectual Property (IP) holder Accounting. This position supports the standard costing and intercompany transfer pricing processes across multiple regions. This position collaborates with Astellas Tax, IP Holder and Affiliate entities globally to support Tax and transfer pricing compliance. This position prepares financial footnote and disclosures to support group level reporting to Astellas Pharma Inc. (Japan) parent company and is responsible for all associated controls. This position will oversee direct reports within Astellas as well as indirect reports at Astellas' Business Process Outsourcing (BPO) partner.

Essential Job Responsibilities:

  • Maintaining the SAP Cost Objects Structure to ensure costs are properly captured and charged to the responsible IP holding entity
  • Maintaining and overseeing the execution of inter/intra-company assessment cycles and associated invoicing in accordance with intercompany Transfer Pricing Agreements
  • Analysing product profitability and gross margin for intercompany transactions (transfer pricing margins, IP holder margins, contract manufacturing, contract revenue) and performing true-up adjustments to align with Transfer Pricing Policy
  • Leading statutory planning and forecasting for regional tax planning and compliance
  • Overseeing timely and accurate intercompany balance confirmation and dispute resolution process with international affiliates and BPO colleagues
  • Overseeing domestic and international intercompany netting
  • Supporting Inventory and Supply Chain accounting, VAT reporting, reconciliations, and analysis, including 3PL reconciliations and controls
  • Performing inventory revaluation as required and accounting for standard to standard and actual to standard variances, such as purchase price variance
  • Reviewing and resolving balance sheet risks and opportunities identified through the reconciliation process.
  • Working with internal and external auditors for Controls Reviews, PBC requests and other inquiries as needed
  • Identifying and supporting the implementation of process improvement initiatives
  • Developing, monitoring, and maintaining key metrics and reporting
  • Performing special projects as requiredOrganizational Context:
    Internal Stakeholders

    • Record to Report GPO and Service Delivery Leads
    • Global and Regional ERT
    • Global and Regional Tax
    • Financial Controls and Governance (FC&G)
    • Supply Chain Management team
    • Regional Process Improvement LeadsExternal Stakeholders

      • BPO Colleagues
      • Professional service providers
      • External AuditQualifications

        Required

        • BA/BS in Accounting or Finance
        • Strong working knowledge of US GAAP / IFRS principles
        • English (business and conversational)
        • 5-7+ years of experience in relevant field
        • Intercompany accounting experience in a multi-national organization that includes transfer pricing, inventory accounting, and month-end close activities
        • Experienced with a close process, building, and maintaining allocation models, intercompany billing, reconciliation, and dispute resolution.
        • Experienced with implementing and administering technology solutions such as SAP S/4 Hana, BPC and other supporting tools and programs
        • Strong knowledge of US GAAP/IFRS and transfer pricing concepts and requirements
        • Ability to work in a dynamic, rapidly changing environment
        • Ability to manage multiple projects and demands on time
        • Proven history of building and maintaining relationships across various levels of management to help drive collaborative business decisions
        • Ability to positively confront issues and resolve conflict with sound judgment
        • Proven ability to work both individually and within a team environment, build strong relationships and maintain rapport with subordinates, peers, and Finance and SCM leadership teams.
        • Financial Systems proficiency, including SAP S/4 Hana and BPC or equivalent, as well as MS Office Suite of programs
        • Excellent written and verbal communication skills including the ability to succinctly convey relevant information across multiple levels of the organization and confidently project a professional image that fosters relationship building and collaboration.Preferred

          • Advanced professional certification or MBA or MS in Finance or Accounting is preferred.Benefits

            • Medical, Dental and Vision Insurance
            • Generous Paid Time Off options, including Vacation and Sick time, plus national holidays including year-end shut down
            • 401(k) match and annual company contribution
            • Company paid life insurance
            • Annual Corporate Bonus and Quarterly Sales Incentive for eligible positions
            • Long Term Incentive Plan for eligible positions
            • Referral bonus programAstellas is committed to equality of opportunity in all aspects of employment. EOE including Disability/Protected Veterans.

              • LI-CH1Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

Keywords: Astellas, Chicago , Finance Manager, Inventory & Intercompany, Accounting, Auditing , Northbrook, Illinois

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