Inventory Accountant

Avita Care Solutions • Baton Rouge, LA

4h • $50,000 - $70,000 • Onsite

About The Position

The Inventory Accountant will report to the Accounting Supervisor and will be responsible for all inventory accounting duties every month.
The position is located onsite at 10604 Coursey Boulevard, Baton Rouge, LA. The work schedule hours are Monday through Friday, from 7:30 a.m. to 4:30 p.m.
About the Role:
Book all monthly journal entries (JEs) associated with inventory management including but not limited to interstore transfers, pending credits, replenishment collections, return of expired or damaged inventory, items used for store supplies, and rebates data.
Collect and analyze all end of month inventory paperwork from all pharmacy sites.
Receive and analyze all wholesaler purchasing reports from various vendors.
Receive and analyze all 340B replenishment data from vendors and 340B team members.
Identify and report floorstock purchases to 340B team members and appropriate team members.
Assemble the monthly replenishment receivable reconciliation including TPA data and coordinate with 340B team regarding variances.
Assist pharmacies in maintaining perpetual inventory system by monitoring EDI system, performing monthly audits of reports generated from Pioneer, and providing monthly cycle counts to all sites.
Review monthly pricing files and identify inconsistencies or issues.
Coordinate directly with pharmacies to ensure all replenishment orders are reviewed and approved in the IMS system.
Assist pharmacies in managing overstock & dead stock by providing monthly reports and coordinating the movement of inventory product from site to site.
Provide daily reports to members of ELT regarding inventory management.
Work directly with wholesaler reps to rectify issues with accounts such as overages, shortages, credit rebills, delivery issues, miscellaneous situations that could interfere with daily business.
Prepare and reconcile retail cost of goods reports monthly, and work with the Accounts Payable department and wholesalers on any discrepancies.
Collect and analyze quarterly physical count data while identifying and resolving any variances before completing a true up of inventory accounts.
Assist Accounting Supervisor with yearly buy in of ARV drugs with CFO, Controller, and pharmacy locations.
Assist Accounting Supervisor with duties for new store openings, closures and acquisitions, as well as complete all aspects of wholesaler account set ups.
Assist with yearly financial audit preparation including on site inventory observation coordination.
Assist with year-round audit requests from legal and compliance.
Assist pharmacy team members with miscellaneous requests regarding any and all inventory needs.
Perform all other duties as assigned.
About You:
Bachelor’s degree in Accounting (preferred), Finance, Business, or closely related field of study
1 to 2+ years of related experience preferred
Experience in healthcare/pharmacy industry a plus
Working knowledge of MS Office Suite with proficiency in Excel
Knowledge of accounting and financial principles, regulations, and best practices
Proficient with data analysis, critical thinking, and problem solving
Detail-oriented, but also able to multitask and function well in a fast-paced environment
Excellent interpersonal, communication, analytical, and organizational skills
Experience with accounting software programs a plus
Willing and able to work a flexible schedule as needed during busy times of the month, quarter, year-end, etc.
Embrace and perform in the spirit of the Company’s core values and goals.

Requirements

• Bachelor’s degree in Accounting (preferred), Finance, Business, or closely related field of study
• 1 to 2+ years of related experience preferred
• Working knowledge of MS Office Suite with proficiency in Excel
• Knowledge of accounting and financial principles, regulations, and best practices
• Proficient with data analysis, critical thinking, and problem solving
• Detail-oriented, but also able to multitask and function well in a fast-paced environment
• Excellent interpersonal, communication, analytical, and organizational skills
• Willing and able to work a flexible schedule as needed during busy times of the month, quarter, year-end, etc.
• Embrace and perform in the spirit of the Company’s core values and goals.

Nice To Haves

• Experience in healthcare/pharmacy industry a plus
• Experience with accounting software programs a plus

Responsibilities

• Book all monthly journal entries (JEs) associated with inventory management including but not limited to interstore transfers, pending credits, replenishment collections, return of expired or damaged inventory, items used for store supplies, and rebates data.
• Collect and analyze all end of month inventory paperwork from all pharmacy sites.
• Receive and analyze all wholesaler purchasing reports from various vendors.
• Receive and analyze all 340B replenishment data from vendors and 340B team members.
• Identify and report floorstock purchases to 340B team members and appropriate team members.
• Assemble the monthly replenishment receivable reconciliation including TPA data and coordinate with 340B team regarding variances.
• Assist pharmacies in maintaining perpetual inventory system by monitoring EDI system, performing monthly audits of reports generated from Pioneer, and providing monthly cycle counts to all sites.
• Review monthly pricing files and identify inconsistencies or issues.
• Coordinate directly with pharmacies to ensure all replenishment orders are reviewed and approved in the IMS system.
• Assist pharmacies in managing overstock & dead stock by providing monthly reports and coordinating the movement of inventory product from site to site.
• Provide daily reports to members of ELT regarding inventory management.
• Work directly with wholesaler reps to rectify issues with accounts such as overages, shortages, credit rebills, delivery issues, miscellaneous situations that could interfere with daily business.
• Prepare and reconcile retail cost of goods reports monthly, and work with the Accounts Payable department and wholesalers on any discrepancies.
• Collect and analyze quarterly physical count data while identifying and resolving any variances before completing a true up of inventory accounts.
• Assist Accounting Supervisor with yearly buy in of ARV drugs with CFO, Controller, and pharmacy locations.
• Assist Accounting Supervisor with duties for new store openings, closures and acquisitions, as well as complete all aspects of wholesaler account set ups.
• Assist with yearly financial audit preparation including on site inventory observation coordination.
• Assist with year-round audit requests from legal and compliance.
• Assist pharmacy team members with miscellaneous requests regarding any and all inventory needs.
• Perform all other duties as assigned.

Benefits

• Healthcare benefits (medical, dental, vision) for eligible team members and their families, along with additional company paid and voluntary benefit offerings.
• Six company paid holidays and three personal floating holidays, paid time off (PTO), paid leaves - two weeks paid parental leave, bereavement, sick leave, time to vote and jury duty, award recognition program, professional learning and development opportunities.
• Company paid benefits – basic life and AD&D, Maven and Health Care Advocate Work/Life Balance Program, health/dependent flexible spending.
• Voluntary benefits – long and short-term disability, pet insurance, legal, accident, hospital indemnity, critical illness, whole and supplementary life insurance, identity theft protection, 401(K) retirement savings plan with company match.
• All benefits are subject to the applicable plan terms.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level