Lead Inventory Analyst

Job description

The Lead Inventory Accounting role is responsible for ensuring the accuracy, integrity, and compliance of inventory-related financial data within the Trauma & Extremities and Joint Replacement divisions.

This position plays a critical role in cost accounting, inventory valuation, and financial reporting, supporting month-end close, standard cost maintenance, and variance analysis. The role partners closely with Operations, Supply Chain, and Finance teams to deliver insights, strengthen internal controls, and drive data-informed decision-making.

What you will do:

Key Responsibilities

• Lead and execute the annual standard cost roll, ensuring accurate and consistent product costing structures

• Manage inventory revaluation accounting, including ERV (Revaluation Reserve) analysis, validation, and postings

• Monitor and analyze Purchase Price Variance (PPV), ensuring timely investigation and resolution of discrepancies

• Execute month-end close (MEC) activities, including journal entries, accruals, and inventory-related variance analysis impacting COGS

• Calculate and post Unrecognized Profit in Inventory (UPI) eliminations, ensuring compliance with consolidation

• Perform and review daily and monthly balance sheet reconciliations for inventory-related accounts, including revaluation reserves and system reconciliations (e.g., SAP vs. GIM)

• Ensure adherence to SOX controls, accounting policies, and GAAP/IFRS standards

• Investigate, resolve, and escalate discrepancies to ensure data accuracy and audit readiness

• Collaborate closely with Operations, Supply Chain, and Finance stakeholders to understand key business drivers, enhance cost visibility, and support decision-making

• Participate in cross-training initiatives to build team flexibility and resilience

Key Skills

• Strong analytical and problem-solving skills, with ability to perform root cause analysis

• Ability to interpret complex financial and operational data and translate it into actionable insights

• High level of accuracy, attention to detail, and accountability

• Effective communication and stakeholder management

• Ability to collaborate effectively with cross-functional and global teams

• Proactive, continuous improvement mindset with focus on automation and efficiency

• Adaptability in a dynamic, fast-paced environment

What you need:

• Minimum qualification:

• Bachelor’s degree in accounting, Finance, or related field (required)

• At least 4 years of experience in inventory accounting, cost accounting, or full-cycle accounting processes

• Strong experience working with ERP systems (SAP highly preferred)

• Experience in multinational or shared services environments is a plus