Manager, Inventory Accounting

Veloxis Pharmaceuticals, an Asahi Kasei Group company based in Cary, NC, is a patient-centric organization focused on transforming transplant medicine. We develop new therapies and programs to support transplant healthcare providers and their patients, fostering a dynamic, innovative, and collaborative work environment that values professional development and diversity.

About the role

This position supports the Company’s accounting activities to ensure compliance with US GAAP, IFRS, and corporate policies. It has a strong focus on inventory accounting, including accounts payable for inventory-related suppliers, inventory balance sheet reconciliations, cost of goods sold calculations, monthly/quarterly/annual closing activities, physical inventories, budgeting, forecasting, variance analyses, financial statement audits, and Japanese SOX compliance. The role also involves technical accounting analyses and serves as the primary contact for internal and external auditors on inventory-related matters.

Responsibilities

• Abide by GAAP/IFRS standards and comply with the Company’s internal control and accounting policies.
• Perform timely inventory-related general ledger account reconciliations, accruals, cost of goods sold calculations, and necessary journal entry adjustments for month/quarter-end close.
• Partner with Supply Chain to review and maintain inventory costing methodologies, including standard cost updates, inventory valuation analyses, and implementation of product cost changes.
• Monitor landed cost components (freight, duties, tariffs, and other supply chain costs) to ensure accurate accounting treatment and inventory valuation.
• Perform activities related to annual physical inventory procedures, including reconciliation of book-to-physical variances.
• Support resolution of inventory-related supplier invoicing, pricing, and receipt discrepancies to ensure accurate inventory valuation and timely financial reporting.
• Lead budgeting and forecasting for financial statement items related to inventory, including inventory balance sheet planning, costs of goods sold, and gross margin.
• Perform monthly variance analyses for actual inventory balance sheet and income statement results against budget.
• Monitor procedures to identify and suggest improvements/efficiencies in the accounting and closing processes related to inventory.
• Participate in the ongoing development/establishment of accounting policies and procedures and operational strategies, including review and implementation of process and system changes.
• Participate in strategic financial projects, including upgrades to existing software and ERP systems.
• Serve as the primary point of contact for internal and external audit processes related to inventory.
• Assist with Japanese SOX documentation and testing.
• Support assessment of external service providers, including evaluation of SOC reports.
• Prepare technical accounting analyses as needed, including assessment of new accounting standards.
• Assist the Supply Chain department in reviewing invoices from inventory and manufacturing suppliers, resolving quantity or pricing discrepancies, and working with accounts payable for timely payment.
• Engage in special projects and analyses as assigned.

Requirements

• Bachelor’s Degree in Accounting; Master’s Degree a plus.
• Minimum of 5 years’ experience in an accounting role, preferably in the pharmaceutical industry.
• Minimum of 3 years’ experience in inventory accounting.
• CPA preferred.
• Strong knowledge of and hands-on experience with Microsoft D365 F&O or similar Microsoft-based ERP system (AX or Great Plains).
• Experience working within a virtual manufacturing environment, including collaboration with CMOs, CDMOs, and 3PL partners, is a plus.
• Strong knowledge of US Generally Accepted Accounting Principles (GAAP); IFRS a plus.
• Strong analytical and problem-solving skills with a process improvement mindset.
• Strong verbal and written communication skills.
• Ability to work in a dynamic, fast-paced environment with shifting priorities to meet tight month-end deadlines.
• Proficiency in MS Office Suite, with emphasis on advanced MS Excel skills.

Pay

The annual base compensation range for this role is $95,000 - $105,000. Base compensation is influenced by factors including time in the role, previous experience, skills, knowledge, performance, work requirements, internal equity, and business/economic conditions.

Benefits

• Health and insurance benefits.
• Training and development opportunities.
• Performance-based bonus eligibility.

Hybrid