Senior FRA Specialist Inventory Accounting

Job title: Senior FRA Specialist Inventory Accounting

Company: Novartis


Job description: Job Description Summary Senior FRA Specialist Inventory Accounting & Novartis Product Margin Reporting will be responsible for multiple aspects of the accounting and reporting of inventory balances, which includes month-end closings, reporting, reconciliations, financial controls, while collaborating closely with business partners from country and above-country FRA teams, Supply Chain and country BPAs. Furthermore, responsibilities embrace high quality reporting & reconciliation of Novartis product margin reporting (NPMR).Job DescriptionKey Responsibilities:

• Manage month end closing process by performing account reconciliations and ensuring all balance sheet and income statement inventory accounts are correctly represented.

• Manage monthly inventory reserve process, including booking auto trade reserve program and manual journal entries.

• Manage the monthly slow mover / no mover provision process, while complying with Novartis Accounting Manual (NAM) requirements.

• Manage & analyze product revaluation & devaluation impacting inventory reserves.

• Manage the Novartis Product Margin Reporting (NPMR) process, including cost, bill of material (BoM), income statement and inventory download, analysis and upload.

• Drive operational excellence with full alignment with all Novartis business, compliance and audit requirements.

• Collaborate with internal & external stakeholders, which encompasses cross-functional collaboration with country and above-country FRA teams, Supply Chain and BPAs but not limited to internal & external accounting authorities/auditors, while ensuring appropriate communication with these stakeholders when questions regarding inventory accounting & NPMR matters arise.

• Provide financial accounting services and data in a timely and accurate manner, which requires appropriate information is provided to relevant individuals and external bodies.

• Ensure the effective application of Novartis related control procedures (SOX/NFCM) within scope of responsibility.

Key Requirements:

• The applicant must have at least 5 years of experience in the finance field.

• The job requires working effectively in a multi-national matrix organization, and the ability to build productive business partnerships.

• Applicants should have knowledge of IFRS, accounting and financial reporting requirements, SAP, and experience in working with MS application e.g. Excel.

• The candidate should possess an undergraduate degree in Accounting and/or Finance, with a preference for an advanced degree in Finance, Accounting or Business.

• Professional level of English both written and spoken

You’ll receive:Monthly pension contribution matching your individual contribution up to 3% of your gross monthly base salary; Risk Life Insurance (full cost covered by Novartis); 5-week holiday per year; (1 week above the Labour Law requirement) ; 4 paid sick days within one calendar year in case of absence due to sickness without a medical sickness report; Cafeteria employee benefit program – choice of benefits from Benefit Plus Cafeteria in the amount of 17,500 CZK per year; Meal vouchers in amount of 105 CZK for each working day (full tax covered by company); Public Transportation allowance; MultiSport Card, Employee Share Purchase Plan. Find out more about Novartis Business Services:Accessibility and accommodation:Novartis is committed to working with and providing reasonable accommodation to all individuals. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the recruitment process, or in any order to receive more detailed information about essential functions of a position, please send an e-mail to inclusion.switzerland@novartis.com and let us know the nature of your request and your contact information. Please include the job requisition number in your message.Skills Desired Ability To Influence Key Stakeholders, Building High Performance Team, Communication, Critical Thinking, Financial Accounting, Financial And Management Reporting, Process Optimization, Resource Allocation, Understanding Value Drivers, Workforce Development

Expected salary:

Location: Praha

Job date: Thu, 20 Mar 2025 08:11:31 GMT

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