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 or agentic 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 at genpact.com and on LinkedIn, YouTube, X, and Facebook.
Job Description
Role Purpose
The Specialist for 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
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Manage and oversee inventory accounting and product costing processes, ensuring accuracy in financial records and reporting.
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Review and approve journal entries related to inventory valuation, costing adjustments, and variance postings in ERP systems.
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Lead month-end close activities related to inventory and costing, ensuring completeness and adherence to timelines.
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Review and validate inventory valuations, including FIFO-based valuation and adjustments.
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Analyze and monitor cost variances (PPV, usage variance, production variance) and identify key drivers.
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Oversee inventory reconciliations, ensuring alignment between physical stock, sub-ledger, and GL balances.
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Manage high volumes of production and inventory data (SKU, plant, warehouse level), ensuring data accuracy and integrity.
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Drive adherence to SOPs, costing policies, and inventory control frameworks.
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Support financial statement preparation, including inventory and cost-related reporting.
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Identify, analyze, and resolve inventory discrepancies, costing issues, and data inconsistencies.
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Ensure all deliverables meet team-level SLAs, productivity, and quality standards.
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Support and manage audit requirements, including inventory valuation, costing validation, and documentation.
Governance, Controls & Compliance
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Ensure strong adherence to SOX controls, inventory accounting standards, and internal policies.
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Review inventory and costing entries for accuracy, completeness, and compliance.
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Maintain audit-ready documentation for inventory valuation and costing activities.
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Ensure proper controls over inventory valuation, provisioning (NRV), and costing assumptions.
Stakeholder Management
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Collaborate with plant finance teams, production, supply chain, procurement, and FP&A for issue resolution.
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Act as a key contact for inventory and costing-related queries and escalation handling.
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Participate in governance calls and stakeholder discussions.
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Provide insights on cost variances, inventory movements, and financial impact analysis.
Continuous Improvement
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Drive process standardization, automation, and efficiency improvements in costing and inventory processes.
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Identify root causes of inventory discrepancies and recurring costing issues.
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Support ERP enhancements, costing model improvements, and data integrity initiatives.
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Improve efficiency in handling large-scale inventory datasets and reporting.
Responsibilities:
In this role, you will be responsible for all the activities related to month end closing & reporting.
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Perform day-to-day operational activities including inventory accounting, product costing, reconciliations, journal entries, reporting, audit requests, and ad hoc analyses.
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Review and approve journal entries related to inventory valuation, cost adjustments, and variance postings with accuracy and adherence to timelines.
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Preparation and review of inventory and balance sheet reconciliations, ensuring timely clearance of reconciling items.
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Support inventory valuation processes (FIFO, NRV) and cost analysis activities.
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Monitor and resolve inventory discrepancies and open items through cross-functional coordination.
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Ensure compliance with SOX controls and contribute to process improvements in costing and inventory valuation.
Minimum qualifications
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Relevant years of experience in accounting or related financial processes, with strong exposure to product costing and inventory valuation.
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Bachelor’s (B. Com), Master’s (M. Com), ICWA / CMA / CIMA / CA (qualified or semi-qualified) with specialization in Finance or Accounting.
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Strong understanding of product costing concepts (standard costing, variance analysis).
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Strong knowledge of inventory valuation methods (FIFO, NRV).
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Experience in manufacturing / production accounting environments.
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Strong proficiency in MS Office applications, especially Excel (handling large datasets).
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Experience working on ERP systems such as SAP (CO/MM) / Oracle / PeopleSoft / Workday.
Preferred additional Skills
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Strong expertise in inventory accounting, costing models, and variance analysis.
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Experience in handling high volumes of production and inventory data.
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Good understanding of internal controls, audit frameworks, and compliance requirements.
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Exposure to automation, reporting tools (Power BI), and process optimization initiatives.
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Strong analytical and problem-solving capabilities.
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Excellent communication and stakeholder management skills.
Key Competencies
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Strong expertise in product costing and inventory valuation methodologies
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Deep understanding of standard costing, FIFO, and cost variance analysis
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Ability to manage large-scale inventory and production datasets
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Strong analytical and reconciliation capability
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Cross-functional collaboration with plant and supply chain teams
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Strong control mindset and compliance orientation
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Problem-solving and root cause analysis capability
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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.
