Teva Pharmaceuticals Hiring for Group Leader Costing at Bangalore, Karnataka, India Full Time

Job Description

Who we are
Together, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we’re always looking for new ways to continue making a difference, and new people to make a difference with.
The opportunity
The Group Leader Cost Accounting owns & leads the cost accounting processes in the Finance GBS, in close partnership with business, operations, Procurement, Supply Chain and other accounting teams.
In-depth and up to date knowledge of USGAAP and (more complex) materials accounting standards is required, as well as the ability to coach and share this guidance across the team members.
Communication and (internal) stakeholder management with higher management levels within the Global Teva organization is required in this process.
The Group Leader Cost Accounting mentors a team of professional accountants by guiding, supporting and motivating team members.
How you’ll spend your day

• Financial close of multiple entities – ability to drive the book close efforts, help improve the close processes and reduce the time to close the books
• Managing all Costing & Inventory related Accounting activities including inventory accounting policies and memos and write offs, their reporting and balance sheet reconciliations.
• Manage, Guide & Mentor a team size of 8-10 members
• Full responsibility for the initial transition of processes in cost accounting activities into the Global Business Services. Therefore, tight communication and collaboration with local, regional and global accounting teams where needed
• Standardize and streamline cost accounting booking and recon process with clear methodology across all sites and BU’s; Provide sites tools for calculations and analysis, uniform templates supporting accounting policies to ensure constant and accurate actual & forecast reporting; Build robust monthly recon process.
• Understand and ensure adherence with applicable financial policies and guidelines with special emphasis on: costing guidelines, global accounting policies, corporate policies, TGO economic guidelines, Health & Safety and Environmental requirements
• Be fully accountable for all the cost accounting activities- plan, report, monitor and analyze.
• Perform regular scrutiny of ledgers, to ensure accuracy of general ledgers, cost center & profit center accounting

Your experience and qualifications

• CMA/MBA Finance
• Minimum 10 years of complex Cost accounting experience; out of which at least 3 years as a people manager
• To work in Shift to support US region
• Strong knowledge of US-GAAP and SOX
• IT Literacy- SAP, Oracle or any other ERP, Microsoft Office
• Lean & Six Sigma experience preferred
• Well versed with latest trends, technology & best practices in the industry
• Experience in fast-paced multinational matrix organization
• Strong change management, communication and influencing skills
• Fluent verbal and written communication in English

Reports To
Manager Financial Operations
Already Working @TEVA?
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Teva’s Equal Employment Opportunity Commitment
Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva’s global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.