Accounting Manager

Avet Pharmaceuticals - East Brunswick, NJ

Full-time - Mid Level

East Brunswick, NJ

About the position

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.

Responsibilities

• Maintain accurate records of inventory levels, including quantities, values, and locations.
• Perform accounting transactions related to all inventory cycles, including inventory transfers, receiving inventory, recording vendor invoices, landed costs, and inventory adjustments.
• Conduct month-end reconciliation of inventory-related GL accounts, including inventory in-transit, accrued purchases, and landed costs; research and resolve discrepancies.
• Prepare inventory-related financial reports, including inventory reconciliation, valuation, and turnover analysis.
• Act as the audit lead for all inventory-related requests, including external audits and ABL facility inquiries.
• Analyze inventory data to identify trends, variances, and opportunities for improvement.
• Process vendor invoices accurately and efficiently, ensuring proper coding, approval, and timely payment.
• Oversee daily operations of the accounts payable support staff.
• Reconcile vendor statements and resolve discrepancies in a timely manner.
• Prepare and review accounts payable aging reports to ensure timely payments and maintain positive vendor relationships.
• Calculate profit-sharing arrangements with vendors on a monthly basis.
• Manage employee travel and expense reimbursement platform (Concur).
• Assist with month-end and year-end closing activities related to accounts payable and accrued expenses.
• Organize and maintain tax information applicable to federal, state, and international filings.
• Collaborate with other departments to drive process improvements.
• Monitor cash flow forecasts and prepare weekly proposed payments for Controller/CFO review.
• Process ACH/Wire payments in GL.
• Prepare and maintain ad hoc analysis as requested.

Requirements

• Bachelor's degree in finance/accounting.
• Minimum of 5 years of relevant experience, preferably in the pharmaceutical industry.
• Experience with SAP and Microsoft Dynamics - Great Plains is preferred.
• Strong analytical, organizational, and problem-solving skills.
• Excellent verbal and written communication skills.
• Advanced knowledge of Excel, including strong competency in pivot tables and vlookups.
• Strong financial accounting and general ledger skills and understanding.
• Ability to adjust and work effectively in a dynamic, changing environment.
• Willingness to work extended hours during fiscal year-end closing and other peak periods.

Nice-to-haves

• Experience in a highly regulated workplace.
• Knowledge of cGMP standards and guidelines.

Benefits

• Competitive salary
• Health insurance
• 401k plan with matching contributions
• Paid time off
• Professional development opportunities
• Relocation assistance (based on discretion)