Inventory Profitability Analyst
About The Position
The Inventory Profitability Analyst plays a pivotal role in optimizing the financial performance of a specialty pharmacy's inventory. This role is responsible for analyzing, forecasting, and improving inventory-related profitability metrics, including cost of goods sold (COGS), inventory turnover, and gross margin. The analyst will work closely with finance, procurement, and operations teams to ensure cost-effective purchasing, reduce waste, and support product sourcing strategic decision-making. This position requires strong financial acumen, data analysis expertise, and an understanding of the unique market dynamics of specialty pharmacy products.
Requirements
- Bachelor's degree in Finance, Accounting, Business Administration, Supply Chain Management, or a related field.
- 2-5 years of experience in inventory analysis, financial analysis, or profitability analysis (experience in a specialty pharmacy, healthcare, or pharmaceuticals preferred).
- Strong knowledge of cost accounting principles and understanding of healthcare-specific inventory models.
- Advanced proficiency in Microsoft Excel (pivot tables, advanced formulas, financial modeling).
- Experience with ERP systems (e.g., SAP, Oracle, or NetSuite) and business intelligence (BI) tools (e.g., Tableau, Power BI, SQL).
- Knowledge of data visualization and dashboarding for tracking financial and operational KPIs.
Responsibilities
- Analyze the cost structure of inventory, including purchase prices, carrying costs, and indirect expenses, to identify areas for improvement.
- Track and report on Gross Margin Return on Investment (GMROI), COGS, and other profitability metrics.
- Track inventory turnover rates and recommend actions to improve turnover while minimizing obsolescence.
- Identify slow-moving or excess inventory and support liquidation or redistribution efforts to reduce financial losses.
- Collaborate with commercial and finance teams to review supplier agreements, pricing terms, and payment schedules.
- Analyze the impact of volume discounts, rebates, and supplier incentives on overall profitability.
- Perform variance analysis to identify discrepancies in purchase price, reimbursement rates, and utilization forecasts.
- Work closely with finance, procurement, and pharmacy operations teams to align on profitability goals.
- Collaborate with pharmacy teams to ensure optimal purchasing of specialty medications.
- Partner with accounting to support month-end close processes related to inventory valuation and cost accounting.
- Participate in internal audits and compliance reviews related to inventory controls and financial reporting.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
