Avet Pharmaceuticals - East Brunswick, NJ
posted 4 months ago
The Accounting Manager position at Avet is a critical role that encompasses a variety of responsibilities primarily focused on inventory management, accounts payable, and treasury management processes. The individual in this position will be tasked with maintaining accurate inventory records, processing accounts payable transactions efficiently, and engaging in treasury activities such as preparing weekly cash forecasts. This role demands strong analytical skills, excellent organizational abilities, and a solid understanding of financial accounting principles. In terms of inventory management, the Accounting Manager will be responsible for maintaining precise records of inventory levels, including quantities, values, and locations. This includes performing accounting transactions related to all inventory cycles, such as inventory transfers, receiving inventory, recording vendor invoices, and making necessary inventory adjustments. The role also involves month-end reconciliation of inventory-related general ledger accounts, including inventory in-transit and accrued purchases, as well as preparing inventory-related financial reports and analyzing inventory data to identify trends and opportunities for improvement. For accounts payable processing, the Accounting Manager will oversee the accurate and efficient processing of vendor invoices, ensuring proper coding and timely payments. This includes daily oversight of the accounts payable support staff, reconciling vendor statements, and preparing accounts payable aging reports. The role also involves managing employee travel and expense reimbursements and assisting with month-end and year-end closing activities related to accounts payable. In treasury management, the Accounting Manager will monitor cash flow forecasts and prepare weekly proposals for payment for review by the Controller or CFO. The position requires the ability to process ACH and wire payments in the general ledger and prepare ad hoc analyses as requested. The successful candidate will be expected to work collaboratively with other departments to drive process improvements and adhere to safety and cGMP standards.