Analyst- Inventory & Cost Accounting

Overview

Analyst role in inventory and cost accounting within IFF's Food Ingredients business unit, supporting accurate inventory valuation and financial reporting from the Hyderabad GBS team.

What you'll do

• 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.
• 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.
• 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.
• 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.

What you'll need

• 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.

Nice to have

• 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.

Details

• Location: Hyderabad, India (Hyderabad GBS).
• Work mode: Hybrid.
• Position is part of the Food Ingredient business unit, which IFF has announced will transition to CVC Capital Partners, expected to close in the first half of 2027 pending regulatory approvals.