Analyst- Inventory & Cost Accounting

Are you passionate about service excellence? Would you love to work for a global organization that is doing more good for people and planet? IFF is a global leader in flavors, fragrances, food ingredients and health & biosciences. We deliver sustainable innovations that elevate everyday products. Food Ingredients: Innovating improved nutritional profiles, better taste and texture, and greater cost efficiency to meet the needs of global food and beverage manufacturers. The role is based in Hyderabad, India(hybrid role). Be part of a creative, solution-oriented team where together we can achieve greatness and make a real impact. Your potential is our inspiration. Where You'll Make a Difference Drive accurate inventory accounting and valuation processes that directly impact financial reporting. Support month-end and year-end close activities, ensuring timely and compliant reporting. Partner with manufacturing, supply chain, and finance teams to improve inventory visibility and control.

Record financial transactions accurately in the ERP system in accordance with established guidelines. Prepare and review account reconciliations to ensure accuracy and completeness. Analyze financial data and provide meaningful insights to support decision-making. Prepare reports and presentations to support financial analysis and reporting. Support supervisors and senior team members on projects and ongoing tasks. Monitor and analyze inventory volume drivers including production settlements, WBS, and internal order allocations. Support allocation cycles and cost flow impacting inventory and cost of goods sold. Execute and support actual costing runs and inventory valuation activities. Analyze purchase price variances (PPV) and production variances, identifying root causes. Process and validate manual inventory postings (goods in transit, accruals, corrections). Perform inventory reconciliations (subledger vs GL) and manage backlog resolution. Investigate inventory discrepancies including quantity/value mismatches and negative stock. Support period-end close activities including settlements, variance analysis, and reporting. Ensure proper documentation and support for audit requirements related to inventory. Support allocation cycle governance and closing cockpit activities. Identify and support process improvements in inventory accounting and reporting. Analyze inventory cost drivers, variances, and reconciliations to identify improvement opportunities. Contribute to process optimization initiatives that enhance efficiency, compliance, and data accuracy. Support audit readiness by maintaining robust documentation and controls. What Makes You the Right Fit? Bachelor's degree in Accounting, Finance, Business Administration, or a related field. 2-5 years of experience in accounting, inventory accounting, cost accounting, or shared services environments. Strong knowledge of accounting principles, reconciliations, financial reporting, and inventory processes. Analytical mindset with the ability to identify trends, variances, and process gaps. Excellent attention to detail and commitment to accuracy. Strong communication and stakeholder management skills. Ability to work independently while collaborating effectively across teams. How Would You Stand Out? Experience supporting manufacturing or supply chain finance environments. Hands-on experience with inventory valuation, actual costing, standard costing, and variance analysis. Knowledge of SAP or other ERP platforms. Experience with process improvement, automation, or continuous improvement initiatives. Familiarity with audit support, compliance controls, and financial governance processes. Proven ability to manage multiple priorities in a fast-paced global environment. Why Choose Us? Opportunity to build expertise in inventory accounting and costing within a global organization. Collaborative environment with exposure to Finance, Operations, and Supply Chain teams.