Senior Specialist - Inventory and Cost Accounting

Job Summary

IFF is a global leader in flavors, fragrances, food ingredients and health & biosciences, we deliver sustainable innovations that elevate everyday products.

Global Business Services: Delivering streamlined, scalable support—enhancing efficiency, compliance and service excellence across the company.

The role is based in Hyderabad, India(hybrid role). Be part of a creative, solution-oriented team where together we can achieve greatness and make a real impact. Your potential is our inspiration.

Where You’ll Make a Difference

• Perform daily GR-IR account reconciliations using SAP and Blackline, ensuring timely resolution of open items.
• Monitor GR-IR balances, review aged items, and collaborate with Procurement, Accounts Payable, and Receiving teams to resolve mismatches.
• Prepare and maintain reconciliation documentation for audits, ensuring compliance with internal controls and accounting standards.
• Support internal and external audits by providing reports, explanations, and acting as the focal point for auditor communications.
• Review account reconciliations in Blackline, analyze trends, complete fluctuation analysis, and manage process metrics for transparency.
• Organize monthly briefings with GPOs, implement policy updates, and participate in process improvement initiatives to enhance efficiency.
• Identify and escalate reconciliation issues, perform root cause analysis, and assist in implementing corrective actions.
• Act as the focal point for external financial and statutory filings, ensuring compliance with US GAAP, local accounting principles, and legal requirements.
• Propose and implement practical solutions and new ideas to improve work processes, reduce complexity, and drive continuous improvement.

What Makes You the Right Fit

• Qualified Accountant (CA, CMA, CPA, CIMA, ACCA) with a bachelor’s degree in commerce.
• 3+ years of experience in GL reconciliation with strong technical accounting skills.
• Proficient in Excel (including basic Macros), Blackline, and Microsoft Office Suite (Excel, Word, PowerPoint).
• Working knowledge of US GAAP, IFRS, and sound understanding of SAP FICO.
• Strong analytical ability to summarize processes and information clearly and concisely.
• Excellent communication skills, both verbal and written, with clarity in thought process.
• Ability to share knowledge and collaborate professionally across teams.
• Demonstrates initiative and adaptability to work in a fast-paced environment during peak periods.
• Proactive in proposing ideas and solutions to improve processes and drive efficiency.

How Would You Stand Out?

• Positive attitude with zeal to learn new things and ability to handle heavy or varied workload.
• Strong in accounting and analytical skills.
• Capable to challenge status quo for process improvement.

Why Choose Us?

• Hybrid model(3 days/week).
• Two-way transportation.
• Learning and development programs.

We are a global leader in taste, scent, and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy. At IFF, we believe that your uniqueness unleashes our potential. We value the diverse mosaic of the ethnicity, national origin, race, age, sex, or veteran status. We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability.

Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more