Senior Financial Accounting Associate - Inventory Reserves - Elanco

At Elanco (NYSE: ELAN) – it all starts with animals!

As a global leader in animal health, we are dedicated to innovation and delivering products and services to prevent and treat disease in farm animals and pets. We’re driven by our vision of ‘Food and Companionship Enriching Life’ and our approach to sustainability – the Elanco Healthy Purpose™ – to advance the health of animals, people, the planet and our enterprise.

At Elanco, we pride ourselves on fostering a diverse and inclusive work environment. We believe that diversity is the driving force behind innovation, creativity, and overall business success. Here, you’ll be part of a company that values and champions new ways of thinking, work with dynamic individuals, and acquire new skills and experiences that will propel your career to new heights.

Making animals’ lives better makes life better – join our team today!

Senior Financial Accounting Associate Inventory Reserves

This position will be a key contributor to the Elanco Corporate Accounting and Reporting (ECAR) team and will assist with many aspects of the month-end closing process for the Consolidations Inventory reserves for Elanco Corporate. This includes participation in monthly consolidation activities, management of consolidation reserves, analysis of inventory, and assisting with process improvement and special projects. This position requires working with fellow ECAR team members, Manufacturing Finance (affiliate and corporate), Supply Chain and Operations, Financial Planning and Analysis (FP&A), shared services (Elanco Solutions Center, or ESC), Corporate Tax, Corporate Manufacturing, global affiliate controllers, and external auditors.
 
Key Responsibilities/Objectives:

• Act as a key team member in the global close process for Intercompany profit and LIFO

• Perform corporate consolidation Intercompany Profit journal entries

• Analyze monthly SAP variances and facilitate corrections, as needed

• Maintain and update Intercompany Profit system/tool master data tables

• Investigate exception messages and complete data validation for the tool, including remediation of all issues using cross functional support as needed

• Prepare monthly-close SOx deliverables, including audit and quality checks

• Troubleshoot accounting and operational issues with affiliates and other corporate functions

• Prepare monthly and quarterly analysis of inventory and intercompany profit reserve

• Participate in the ongoing process improvement of global close process, identifying opportunities for streamlining and improving processes, inclusive of but not limited to improved inventory reporting

• Partner with Manufacturing Finance on improved inventory reporting, as well as enhancing the understanding of the accounting impact for inventory activity

• Create and maintain process documentation

• Identify ways to leverage technology tools to improve existing processes

• Assist in assuring compliance with Elanco Global Accounting Policies and Practices

• Assist with other special project work including changes in accounting and consolidations activities

Basic Qualifications

• Bachelor's Degree in Accounting

• Minimum 3 years’ experience in Accounting function or public accounting practice with knowledge of US GAAP technical accounting

• An understanding of inventory, costing and operational transactions

• Qualified candidates must be legally authorized to be employed in the United States. Elanco does not anticipate providing sponsorship for employment visa status (e.g., H-1B or TN status) for this employment position

Additional Skills/Preferences

• Ability to work effectively with detailed transactions, with extreme attention to detail

• Solid problem-solving skills and ability to be innovative and creative

• Understanding of Supply Chain Operations, and Inventory Management

• Proven ability to produce high-quality work

• Ability to perform well under pressure

• Strong self-management skills and high learning agility

• Excellent interpersonal skills with customer focus

• Strong communication and teamwork skills

• Ability to multi-task and prioritize responsibilities

• Experience in MS Excel and Word

• Familiarity with ERP GL and ML modules; SAP experience a plus

• CPA or Chartered Accountant

• Fluency in English

Additional Information

• Flexibility during peak closing periods - overtime is required during month-end closing, especially at year-end.

• Minimal travel

• Location: Global Elanco Headquarters - Greenfield, IN - Hybrid Work Environment

Elanco Benefits and Perks:

We offer a comprehensive benefits package focusing on financial, physical, and mental well-being while encouraging our employees to pursue our purpose! Some highlights include:

• Multiple relocation packages

• Two weeklong shutdowns (mid-summer and year-end) in the US (in addition to PTO)

• 8-week parental leave

• 9 Employee Resource Groups

• Annual bonus offering

• Flexible work arrangements

• Up to 6% 401K matching

Elanco is an EEO/Affirmative Action Employer and does not discriminate on the basis of age, race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, protected veteran status, disability or any other legally protected status