The Inventory Control Finance Team Member is responsible for supporting financial accuracy and accountability within inventory management processes. This role ensures timely reconciliation, reporting, and analysis of inventory transactions, working cross-functionally with operations, supply chain, and finance teams to maintain data integrity and optimize inventory-related financial performance.

Key Responsibilities:

• Monitor and reconcile inventory accounts, including cycle counts, adjustments, and variances.
• Analyze inventory transactions and report on trends, discrepancies, and root causes of variances.
• Coordinate with operations and supply chain teams to ensure proper inventory movements and documentation.
• Support monthly, quarterly, and annual inventory reporting and close processes.
• Assist with physical inventory counts and related financial reporting.
• Maintain inventory costing and ensure compliance with accounting standards (e.g., GAAP or IFRS).
• Assist in developing internal controls and best practices related to inventory management and financial reporting.
• Participate in audits and provide supporting documentation and explanations as needed.
• Utilize ERP systems (e.g., SAP, Oracle, NetSuite) for data entry, analysis, and reporting.
• Support continuous improvement initiatives to enhance inventory accuracy and financial visibility.

Qualifications:

Education:

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field (or equivalent experience).

Experience:

• 1–3 years of experience in inventory accounting, financial analysis, or supply chain finance.
• Experience in a manufacturing, distribution, or retail environment is preferred.

Skills:

• Strong analytical and problem-solving skills.
• Proficient in Microsoft Excel and financial systems (ERP experience preferred).
• Attention to detail and accuracy.
• Ability to work collaboratively in a cross-functional team.
• Strong communication and organizational skills.

Preferred Qualifications:

• Experience with inventory audits or physical counts.
• Knowledge of standard costing, FIFO, LIFO, or weighted average methods.
• Familiarity with financial reporting standards and inventory valuation principles.

About company

Cipla, as an organisation has been built brick-by-brick on the foundation of care. Caring For Life has always been and continues to remain, our guiding purpose. Driven by the same purpose, we have extended our presence to 80+ countries providing over 1,500 products across various therapeutic categories in 50+ dosage forms. To make healthcare more affordable globally, we are deepening our presence in the key markets of India, South Africa, the U.S. among other economies of the emerging world.

For over eight decades, making a difference to patients has inspired every aspect of Cipla’s work. Our paradigm-changing offer of a triple anti-retroviral therapy in HIV/AIDS at less than a dollar a day in Africa in 2001 is widely acknowledged as having contributed to bringing inclusiveness, accessibility and affordability to the centre of the HIV movement. A responsible corporate citizen, Cipla’s humanitarian approach to healthcare in pursuit of its purpose of Caring for Life and deep-rooted community links wherever it is present, make it a partner of choice for global health bodies and stakeholders.