Role: Finance Analyst
Location: Kharadi, Pune
Life Unlimited. At Smith+Nephew, we design and manufacture technology that takes the limits off living.
The E&O Inventory Finance Analyst is a core role within Smith & Nephew’s Inventory Control organisation, responsible for the day-to-day operation and continuous improvement of the models, data processes, and controls that underpin Excess & Obsolescence (E&O) and Lifecycle Management (LCM) reserves — covering approximately 60,000 SKUs across a multi-year phase-out horizon.
Reporting to the E&O Inventory Finance Manager, the role will operate the Excel-based calculation models, work from the Unified Data Platform (UDP), support internal and external audit, and actively improve the processes you run. The role will engage with regional finance teams and auditors globally. This is a role for someone who is technically precise, naturally improvement-oriented, and takes pride in creating and maintaining right-first-time outputs.
What will you be doing?
Reserve Calculation & Model Maintenance (30%)
- Operate and continuously improve the central Excel-based E&O and LCM reserve calculation models across all regions and entities
- Ensure models are robust, version-controlled, and fully documented; implement approved methodology and parameter changes under COE governance
- Standardise inputs and calculation logic to reduce manual intervention and reconciliation effort
Data & Analytics (UDP) (10%)
- Extract, structure, and prepare data from UDP to feed into E&O and LCM reserve calculation models, ensuring inputs are clean, complete, and reconciled
- Validate UDP outputs against financial postings and reserve movements; investigate and resolve discrepancies
- Partner with IT/Data teams to resolve data quality issues and maintain UDP as the single source of truth
Governance, Controls & Audit Support (20%)
- Prepare audit-ready workpapers and respond to internal and external audit queries on E&O and LCM reserves
- Enforce reserve calculation standards across regions and flag deviations for review by the Manager
- Ensure compliance with S&N accounting policy, financial controls, and Sarbanes-Oxley (SOX) requirements
Process Standardisation & Continuous Improvement (25%)
- Identify and implement improvements to data flows, model architecture, and process documentation
- Maintain a continuous improvement log evidencing what changed, why, and what it delivered
- Document all processes to a standard that enables handover and withstands audit scrutiny
Future-State Enablement (15%)
- Support the transition from Excel models toward system-based calculation in Tagetik / SPAR, including logic definition, testing, and validation
What will you need to be successful?
Education:
- Degree in Finance, Accounting, Economics, or related field (required)
- Professional qualification (preferred): CA / ACCA / CIMA
- Big 4 training background is a strong differentiator and will be weighted accordingly in selection
Technical Expertise:
- Advanced Excel — complex formulas, Power Query / Power Pivot, large dataset handling, auditable calculation logic. Non-negotiable
- Sound understanding of inventory accounting and balance sheet reserve methodology
- Data querying capability: SQL or SQL-like, fact vs dimension tables, joining large transactional datasets
- Enterprise data platform exposure (UDP, Snowflake, data lakes) preferred; Enterprise - Resource Planning (ERP) familiarity (SAP) an advantage
Experience:
- 3–6 years’ experience in Finance, Controllership, Audit, or a COE analytical role
- Big 4 background strongly preferred — the analytical discipline, documentation standards, and audit mindset developed in that environment are directly applicable and will be a material differentiator in selection
- Demonstrable track record of process improvement — able to evidence what was changed and what it delivered
- Experience producing audit-quality documentation and engaging with internal or external auditors
- Comfortable working across geographies and time zones in a matrix organization
Competences: Process Ownership, Structured Communication, Global Engagement, Accountability, Continuous Improvement Instinct
You Unlimited.
We believe in crafting the greatest good for society. Our strongest investments are in our people and the patients we serve.
Inclusion + Belonging: - Committed to Welcoming, Celebrating, and Thriving. Learn more about our Employee Inclusion Groups on our website ( https://www.smith-nephew.com/ ).
Other reasons why you will love it here!
Your Future: Major medical coverage + policy exclusions and insurance non-medical limit. Educational Assistance.
Work/Life Balance: Flexible Personal/Vacation Time Off, Privilege Leave, Floater Leave.
Your Wellbeing: Parents’/Parents-in-Law’s Insurance (Employer Contribution of 8,000/- annually), Employee Assistance Program, Parental Leave.
Flexibility : Hybrid Work Model (For most professional roles)
Training: Hands-On, Team-Customized, Mentorship
Extra Perks: Free Cab Transport Facility for all employees; One-Time Meal provided to all employees as per shift. Night shift allowances.
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