Sr Accountant - Vendor Managed Inventory

Globus Medical Inc.•Collegeville, PA

59d

About The Position

At Globus Medical, we move with a sense of urgency to deliver innovations that improve the quality of life of patients with musculoskeletal disorders. Our team is inspired by the needs of these patients, and the surgeons and healthcare providers who treat them. We embrace a culture of exceptional response by partnering with researchers and educators to transform clinical insights into tangible solutions. Our solutions improve the techniques and outcomes of surgery so patients can resume their lives as quickly as possible. Position Summary: We are looking for a proactive and analytical Accountant with a strong background in inventory accounting and vendor coordination to oversee Vendor-Managed Inventory. This position plays a key role in maintaining financial integrity over inventory held outside company premises by external vendors. The ideal candidate will be responsible for tracking and reconciling off-site inventory transactions, working with operations, supply chain, and vendor representatives to maintain accurate stock records and ensuring that inventory-related financial data complies with accounting standards.

Requirements

Bachelor's degree in Accounting or Finance
2+ years of Accounting experience with a manufacturing or a distribution company
Extensive experience with Excel commands and functions: PIVOTS, LOOKUPS, IF STATEMENTS, CHARTS, INDEX, MATCH, CONDITIONAL FORMATTING, etc. Must pass an excel test.
Knowledge of ERP Systems
Self-Starter with the ability to work independently with little or no supervision
Detail-orientated, organized and deadline driven with proven ability to multitask effectively while adapting to changing priorities
Derive energy from facing challenges and provide actionable solutions
Excellent communication and problem-solving skills
Requires a demonstrated ability to be objective and use good judgment
Troubleshoot critical issues in a timely fashion
Good social acumen
Strong conceptual and analytical thinking
Ability to analyze data and provide evidence-based recommendations

Nice To Haves

Experience with transfer pricing and intercompany transactions, a plus

Responsibilities

Maintain detailed accounting records of inventory stored at third-party locations.
Track all incoming and outgoing inventory transactions managed by external vendors.
Reconcile internal inventory records with external vendor data on a weekly/monthly basis.
Ensure inventory balances are accurately reflected on the general ledger.
Identify and resolve inventory variances, including shrinkage, overages, or lost items.
Serve as the primary accounting contact for third-party vendors and logistics providers.
Review and validate inventory reports submitted by vendors.
Communicate discrepancies or transaction issues directly with vendors to resolve in a timely manner.
Collaborate with procurement, operations, and logistics teams to streamline vendor reporting and documentation processes
Prepare and post journal entries related to inventory receipts, usage, transfers, and adjustments.
Assist in month-end close processes by preparing inventory roll-forwards and account reconciliations.
Support cost accounting functions as they relate to inventory valuation (e.g., FIFO, weighted average).
Prepare detailed reports on inventory aging, turns, and valuation for internal management use.
Implement and maintain robust internal controls over vendor inventory processes.
Ensure vendor inventory accounting aligns with GAAP and internal financial policies.
Support internal and external audits by providing inventory reports, documentation, and reconciliations.
Develop and enhance inventory tracking processes to increase accuracy and reduce manual work.
Participate in system implementations or ERP upgrades related to inventory modules.
Work with IT and systems analysts to integrate external vendor data into internal systems where feasible.
Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies.
Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role
Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties