Job Information
InvaGen Pharmaceuticals, Inc. Cost Accountant in Central Islip, New York
About Cipla Cipla is a leading global pharmaceutical company, dedicated to high-quality, branded, and generic medicines. We are trusted by healthcare professionals and patients across geographies. Over the last eight decades, we have strengthened our leadership in India's pharmaceutical industry and fortified our promise of strengthening our global focus by consolidating and deepening our presence in the key markets of India, South Africa, the U.S., and other economies of the emerging world. Driven by the purpose 'Caring for Life', Cipla's focus has always been on making affordable, world-class medicines with a reputation for uncompromising quality standards across the world. In the last 85 + years, Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 100 countries. Cipla is a fast-growing pharmaceutical company with a continued focus on the expanse of our strong legacy. Over the last five years, Cipla has significantly expanded its portfolio and presence in the U.S. with both a generic and brand division. InvaGen Pharmaceuticals, Inc. InvaGen Pharmaceuticals is a Cipla subsidiary engaged in the development, manufacture, marketing, and distribution of generic prescription medicines with focus on a range of therapeutic areas, including cardiovascular, anti-infective, CNS, anti-inflammatory, anti-diabetic, and anti-depressants. The company was founded in 2003 and is based in Central Islip and Hauppauge, New York. In October 2020, InvaGen established its project site in Fall River, Massachusetts to support the launch of Cipla's respiratory business in the United States. Job Title Cost Accountant Organization Name InvaGen Pharmaceuticals Location 550 South Research Place Central Islip, NY 11722 Employment Type (Hourly/ Full Time) Full Time - Salaried/Exempt Salary Range (Base/ Hourly) $80,000 - $100,00 Benefits In addition to a fulfilling career and competitive salary, the Company offers a comprehensive benefits package to include a 401(k) savings plan and matching, health insurance - medical/dental/vision, health savings account (HSA), flexible spending account (FSA), paid time off (PTO) - vacation/sick/flex time, paid holidays, short-term disability (STD), long-term disability (LTD), parental leave, paid and unpaid family leave, employee discounts, and other benefits Work Hours/ Shift/ Remote 8:30 AM - 5:00 PM Responsibilities/ Accountabilities A. Inventory Analysis & accounting Inventory roll forward exercise, reconciliation & valuation using Excel. Prepare and maintain Material COGS reconciliation Inventory analysis and accrual booking for slow / non-moving, near expiry, rejects and NRV. Inventory Ageing analysis, monitoring and control Inventory count & physical verification on periodic basis. Preparation & analysis of schedules - provision movement, ageing, destruction and WIP B. Inventory Review existing controls around inventory and product costing and propose and implementing changes to eliminate control gaps. Evaluation of PR and PO raised for souring API/RM/PM to rationalize stock availability. Tracking procurement and consumption of excipients, stores and spares. Ensuring timely GRN of goods and follow up with warehouse team on any delay. C. Opex Evaluation Operating expense evaluation at the time of PO or Invoice booking approval. Looking over new operating expense proposal/ agreement and submitting pros and cons of proposal. Physical verification of services taken by users, to approve service invoices. D. Product Costing Manage Product costing sheet for all the products with live update of cost data. Regularly reviewing & updating the costing information including recipe and cycle time to ensure availability of up-to-date product costing at any point of time. Gathering recipe information for new product or SKUs & prepare costing for same. Computation of Key activity rates for overheads costing & inventory valuation per policy Periodic review & revaluation of key activity rates and executing quarterly costing runs in SAP E. Monthly Performance Analysis, MIS, Audit and SAP support SAP SPOC from Finance side to test and execute all SAP development Support all financial audits and point of contact for inventory, fixed assets, sales and AR. Preparation of Monthly plant performance report - production, KPIs and financial metrics. Support monthly and year end books closing & financial Statement finalization Preparation and analysis of reports and schedules for audit and analysis Assist in Annual Budget preparation & compilation F. Accounts Receivable Ensure timely and accurate knocking off customer payments with open invoices Follow-up on third payment, ensuring that overdue invoices are timely Prepare AR Aging and sales schedules and ensure timely profit share booking Education Qualifications Experience Skills/ Competencies Physical Requirements Other Information No remote work available. Relocation available. NOTICE: The posting for local applicants only - is not for those applying for a global assignment and/or for employees working outside of Cipla's U.S. Subsidiaries or Affiliates. Equal Opportunity Employer Cipla USA & its U.S. Affiliates are committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard towithout regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected bylocal, state, or federal laws, rules, or regulations. Pre-employment Process Applicants who receive a conditional offer must satisfactory complete pre-employment drug testing. Disclaimer on Pay Ranges About the Salary/ Pay Range: The salary range mentioned above is an anticipated base salary range for this position. Exact salary depends on several factors such as experience, skills, education, and budget. Salary range may vary based on geographic location. In addition to base salary, this position may be eligible for benefits and participation in a bonus program based on performance and company results.
At Cipla, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact careers.northamerica@cipla.com.
Cipla USA and its US Affiliates is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, genetic information, disability, or protected veteran status.
Minimum Salary: 31200.00 Maximum Salary: 31200.00 Salary Unit: Yearly