Specialist - F&A - R2R 4B

Specialist - F&A - R2R

Ready to turn bold ideas into real-world impact?
 At Genpact, we don’t just adapt to change, we lead it. AI and digital innovation are transforming the way businesses work, and we’re at the forefront of it.Genpact’s AI Gigafactory, our industry-first accelerator, exemplifies how we scale advanced technology solutions to help global enterprises work smarter, grow faster, and transform at scale. Whether tackling complex challenges through large-scale models oragentic AI, our breakthrough solutions tackle companies’ most complex challenges.
 
If you thrive in a fast-moving, innovation-driven environment, love building and deploying cutting-edge AI solutions, and want to push the boundaries of what’s possible, this is your moment. 
 
Genpact (NYSE: G) is an agentic and advanced technology solutions company. We leverage process intelligence and artificial intelligence to deliver measurable outcomes. With a strong partner ecosystem and decades of client trust, we provide innovative solutions that transform how businesses run. Powered by a team with an active learning mindset and client centricity at its core, we deliver lasting value for the world’s leading enterprises.
 Get to know us atgenpact.com and onLinkedIn,YouTube,X, andFacebook.

Job Description

Role Purpose 

TheSpecialistfor Record to Report (Product Costing & Inventory Valuation) is responsible for overseeing product costing and inventory accounting processes, ensuring accurate valuation of inventory, cost allocation, and financial reporting in line with accounting standards, SLAs, and control frameworks. This role drives delivery quality, supports manufacturing finance operations, and manages high volumes of production and inventory data within a shared services environment. 

 

Key Responsibilities 

• Manage and overseeinventory accounting and product costing processes, ensuring accuracy in financial records and reporting.  

• Review and approvejournal entries related to inventory valuation, costing adjustments, and variance postings in ERP systems. 

• Leadmonth-end close activities related to inventory and costing, ensuring completeness and adherence to timelines.  

• Review and validateinventory valuations, including FIFO-based valuation and adjustments.  

• Analyze and monitorcost variances (PPV, usage variance, production variance) and identify key drivers.  

• Overseeinventory reconciliations, ensuring alignment between physical stock, sub-ledger, and GL balances.  

• Managehigh volumes of production and inventory data (SKU, plant, warehouse level), ensuring data accuracy and integrity. 

• Drive adherence toSOPs, costing policies, and inventory control frameworks.  

• Supportfinancial statement preparation, including inventory and cost-related reporting.  

• Identify, analyze, and resolveinventory discrepancies, costing issues, and data inconsistencies. 

• Ensure all deliverables meetteam-level SLAs, productivity, and quality standards.  

• Support and manageaudit requirements, including inventory valuation, costing validation, and documentation.  

 

Governance, Controls & Compliance 

• Ensure strong adherence toSOX controls, inventory accounting standards, and internal policies.  

• Review inventory and costing entries foraccuracy, completeness, and compliance. 

• Maintainaudit-ready documentation for inventory valuation and costing activities.  

• Ensure proper controls overinventory valuation, provisioning (NRV), and costing assumptions.  

 

Stakeholder Management 

• Collaborate withplant finance teams, production, supply chain, procurement, and FP&A for issue resolution. 

• Act as a key contact forinventory and costing-related queries and escalation handling. 

• Participate ingovernance calls and stakeholder discussions.  

• Provide insights oncost variances, inventory movements, and financial impact analysis. 

 

Continuous Improvement 

• Driveprocess standardization, automation, and efficiency improvements in costing and inventory processes.  

• Identify root causes ofinventory discrepancies and recurring costing issues. 

• SupportERP enhancements, costing model improvements, and data integrity initiatives. 

• Improve efficiency inhandling large-scale inventory datasets and reporting. 

 

Responsibilities: 

In this role, you will be responsible for all the activities related to month end closing & reporting. 

• Perform day-to-day operational activities includinginventory accounting, product costing, reconciliations, journal entries, reporting, audit requests, and ad hoc analyses.  

• Review and approvejournal entries related to inventory valuation, cost adjustments, and variance postings with accuracy and adherence to timelines.  

• Preparation and review ofinventory and balance sheet reconciliations, ensuring timely clearance of reconciling items.  

• Supportinventory valuation processes (FIFO, NRV) and cost analysis activities.  

• Monitor and resolveinventory discrepancies and open items through cross-functional coordination. 

• Ensure compliance with SOX controls and contribute toprocess improvements in costing and inventory valuation.  

 

Minimum qualifications 

• Relevant years of experience in accounting or related financial processes, with strong exposure to product costing and inventory valuation.  

• Bachelor’s (B. Com), Master’s (M. Com),ICWA / CMA / CIMA / CA (qualified or semi-qualified) with specialization in Finance or Accounting. 

• Strong understanding ofproduct costing concepts (standard costing, variance analysis). 

• Strong knowledge ofinventory valuation methods (FIFO, NRV).  

• Experience inmanufacturing / production accounting environments. 

• Strong proficiency inMS Office applications, especially Excel (handling large datasets).  

• Experience working onERP systems such as SAP (CO/MM) / Oracle / PeopleSoft / Workday.  

 

Preferred additional Skills 

• Strong expertise ininventory accounting, costing models, and variance analysis.  

• Experience inhandling high volumes of production and inventory data. 

• Good understanding ofinternal controls, audit frameworks, and compliance requirements.  

• Exposure toautomation, reporting tools (Power BI), and process optimization initiatives. 

• Strong analytical and problem-solving capabilities. 

• Excellent communication and stakeholder management skills.  

 

Key Competencies 

• Strong expertise inproduct costing and inventory valuation methodologies 

• Deep understanding ofstandard costing, FIFO, and cost variance analysis 

• Ability to managelarge-scale inventory and production datasets 

• Strong analytical and reconciliation capability 

• Cross-functional collaboration withplant and supply chain teams 

• Strong control mindset and compliance orientation 

• Problem-solving and root cause analysis capability 

• Stakeholder management and communication 

Qualifications

Bachelors - Accounting, Bachelors - Commerce, Bachelors - Economics, Bachelors - Finance, Masters - Finance

Certifications

Certified Anti-Money Laundering Specialist (CAMS) - Professional School of Indian Banking (PSIB)Professional School of Indian Banking (PSIB), Certified Compliance Officer (CCO) - VskillsVskills, Certified Financial Analyst (CFA) - SkillabSkillab, Certified Public Accountant (CPA) - Perfekt SzolnokPerfekt Szolnok, Certified Regulatory Compliance Manager (CRCM) - The International Association of Risk and Compliance Professionals (IARCP)The International Association of Risk and Compliance Professionals (IARCP)

Required Skills

Banking Capital Markets, Client Relations, Close Consolidation Journal, Collaboration Tools, Financial Close, Financial Consolidations, Fixed Assets, Oracle Enterprise Resource Planning (ERP) Systems, Reconciliations, Record To Report (R2R), Regulatory Reporting, Risk Management, SAP Enterprise Resource Planning (ERP)

Language

English

Language Proficiency -

Advanced - C1

Additional Job Location -

Job Type

Regular

Master Skill List -

F&A - R2R

Remote Type -

Office

Work Shift -

Rotating (India)

Why join Genpact?
•    Lead AI-powered transformation – Drive innovation and solve real-world business challenges that matter
•    Make an impact– Help global enterprises solve business challenges that matter 
•    Accelerate your career – Gain hands-on experience, mentorship, and world-class learning opportunities to stay ahead
•    Work with the best – Join 140,000+ bold thinkers and problem-solvers who push boundaries every day 
•    Thrive in a values-driven culture – Our courage, curiosity, and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress 
 
Come join the 140,000+ coders, tech shapers, and growth makers at Genpact and take your career in the only direction that matters: Up.  
Let’s build tomorrow together. 
 
Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values respect and integrity, customer focus, and innovation.  
Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.