Management Trainee - Inventory Accounting

About Genpact

Genpact is a global professional services firm that makes business transformation real. Genpact works and supports businesses solves problems, and delivers ideas that help make significant and worthwhile modifications for their betterment. 

Your role

As part of the role your responsibilities include the following:

• Analysis of the difference between Goods Receipts and Invoice Receipts due to timing differences and the process of the necessary adjustments. and ensure the inventory is recorded correctly for the period.
• Review of stock on hand, and whether it needs to be a lot graded. Updating lot tagging in the system for those marked to be lot graded.
• Review of accounts by-products to verify purchase price variances and Subcontract variances. Any adjustment must be reviewed and re-classed to COGS or the B/S inventory account.
• Perform monthly inventory reconciliation comparing the perpetual inventory report (Semi Finished Goods for Internal Products) to internal manufacturing plant ERP system reports. Ensure the correct Inventory population is included and reconciled to the General ledgers.
• Identify any stock deviations between ERP and Third Party Contract Manufacturing Organizations' stock confirmations and whether the variances require a reserve for stock on hand (e.g. reserve recognition, correct inventory reserve release according to sell-through/ scrapping).
• Review lots tagged within the internal manufacturing plant's ERP system within the period to determine any requirement for inventory reserves. Any reserves identified will be posted to SAP.
• Posting Journal Entries to Reserves – Creation and amortization.
• Reconciliation of Balance Sheet Accounts about Inventory Reserves Accounts.

Training  & development

At Genpact, you will have the opportunity to work with and learn from industry professionals. As a trainee, you will develop skills in accounting, invoice reporting, financial analysis and stock review, stock deviations, COGS knowledge in ERP and SAP, and reconciliation of balance sheets etc. 

Benefits

Listed below are some benefits:

• Job Training
• Gymnasium
• Free Transport
• Team Outings
• Cafeteria
• Soft Skill Training

Career progression

At Genpact, following entry-level, there are several Inventory Accounting career path levels to advance into. It may take two years for an entry-level to progress to the next seniority-level position. Each advanced position requires a learning period to move next level to advance in your career path.

Work-life balance

Work days are usually from Monday to Friday with flexible work timings. This role is considered flexible and will be a mix of working from the office and home depending on your preferences and the arrangements determined by your future manager.

Culture & vibe

Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. They empower each person to bring their authentic self to work. Celebrating what makes each of them unique and accepting their differences lie at the heart of their culture and are key to their success.

About you

Preferred Qualifications/ Skills:

Education Level:

• Master's / Equivalent

How to apply

This role is currently closed. If you are interested in this role, simply click "Pre-Register" and Prosple will inform you once this position opens again.