Sr Accountant - Vendor Managed Inventory
NuVasive
At Globus Medical, we move with a sense of urgency to deliver innovations that improve the quality of life of patients with musculoskeletal disorders. Our team is inspired by the needs of these patients, and the surgeons and healthcare providers who treat them. We embrace a culture of exceptional response by partnering with researchers and educators to transform clinical insights into tangible solutions. Our solutions improve the techniques and outcomes of surgery so patients can resume their lives as quickly as possible.
Position Summary:
We are looking for a proactive and analytical Accountant with a strong background in inventory accounting and vendor coordination to oversee Vendor-Managed Inventory. This position plays a key role in maintaining financial integrity over inventory held outside company premises by external vendors. The ideal candidate will be responsible for tracking and reconciling off-site inventory transactions, working with operations, supply chain, and vendor representatives to maintain accurate stock records and ensuring that inventory-related financial data complies with accounting standards.
Essential Functions:
Inventory Management & Reconciliation
Maintain detailed accounting records of inventory stored at third-party locations.
Track all incoming and outgoing inventory transactions managed by external vendors.
Reconcile internal inventory records with external vendor data on a weekly/monthly basis.
Ensure inventory balances are accurately reflected on the general ledger.
Identify and resolve inventory variances, including shrinkage, overages, or lost items.
Vendor & 3PL Coordination
Serve as the primary accounting contact for third-party vendors and logistics providers.
Review and validate inventory reports submitted by vendors.
Communicate discrepancies or transaction issues directly with vendors to resolve in a timely manner.
Collaborate with procurement, operations, and logistics teams to streamline vendor reporting and documentation processes
Accounting & Financial Reporting
Prepare and post journal entries related to inventory receipts, usage, transfers, and adjustments.
Assist in month-end close processes by preparing inventory roll-forwards and account reconciliations.
Support cost accounting functions as they relate to inventory valuation (e.g., FIFO, weighted average).
Prepare detailed reports on inventory aging, turns, and valuation for internal management use.
Internal Controls & Compliance
Implement and maintain robust internal controls over vendor inventory processes.
Ensure vendor inventory accounting aligns with GAAP and internal financial policies.
Support internal and external audits by providing inventory reports, documentation, and reconciliations.
Process Optimization & Systems Integration
Develop and enhance inventory tracking processes to increase accuracy and reduce manual work.
Participate in system implementations or ERP upgrades related to inventory modules.
Work with IT and systems analysts to integrate external vendor data into internal systems where feasible.
Adheres to the letter and spirit of the company Code of Conduct, the AdvaMed Code, MedTech Code, and all other company policies.
Ensures Compliance with applicable governmental laws, rules, and regulations, both in the United States and internationally, by completing introductory and annual training and maintaining knowledge of compliance as it applies to your role
Represents the company in a professional manner and uphold the highest standards of ethical business practices and socially responsible conduct in all interactions with other employees, customers, suppliers, and other third parties
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
Qualifications:
Bachelor’s degree in Accounting or Finance
2+ years of Accounting experience with a manufacturing or a distribution company
Experience with transfer pricing and intercompany transactions, a plus
Extensive experience with Excel commands and functions: PIVOTS, LOOKUPS, IF STATEMENTS, CHARTS, INDEX, MATCH, CONDITIONAL FORMATTING, etc. Must pass an excel test.
Knowledge of ERP Systems
Self-Starter with the ability to work independently with little or no supervision
Detail-orientated, organized and deadline driven with proven ability to multitask effectively while adapting to changing priorities
Derive energy from facing challenges and provide actionable solutions
Excellent communication and problem-solving skills
Requires a demonstrated ability to be objective and use good judgment
Troubleshoot critical issues in a timely fashion
Good social acumen
Strong conceptual and analytical thinking
Ability to analyze data and provide evidence-based recommendations
Physical Demands:
The physical demands listed here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Required to sit; climb or balance; and stoop, kneel, crouch or crawl
Required to regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds
Required to possess specific visons abilities, including: close vision, distance vision, color vision, peripheral vision, depth perception and capacity to adjust focus
Our Values:
Our Life Moves Us philosophy is built on four values: Passionate About Innovation, Customer Focused, Teamwork, and Driven.
Passionate about Innovation: Improving patient care by delivering advanced technology to our customers is at the core of what we do. We are passionate in our role in improving the lives of patients by continuously developing better solutions.
Customer Focused: We listen to our customers’ needs and respond with a sense of urgency.
Teamwork: Working together, anything is possible. We value every person on our team and treat each other with respect. We are accountable to one another and support each other. Together, we make each other stronger.
Driven: We pursue our mission with energy and passion. We are nimble, results-oriented and decisive. We overcome obstacles that arise in our quest to deliver solutions that will improve the lives of our customers and patients.
Equal Employment Opportunity:
Globus Medical is an equal opportunity employer. All applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, age, disability, marital status, pregnancy, national origin or citizenship. We are committed to a diverse workforce. We value all employees’ talents and support an environment that is inclusive and respectful.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.