Specialist Discards and Invertory of Questionable Value (IQV)
Merck Sharp & Dohme Corp.
Haarlem, NH, NL
7 dagen geleden

Specialist Discards and Invertory of Questionable Value (IQV) Job

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Enter your email to apply Requisition ID : COS000237


Discards and Inventory of Questionable Value (IQV)

MSD is working to help the world be well.

Through our medicines, vaccines, biologic therapies, and animal health

products, we work in more than 140 countries to deliver innovative health

solutions to patients and animals. We also demonstrate our commitment to

increasing access to health care through far-reaching programs that donate

and deliver our products to the people who need them. MSD has a workforce of

almost 4500 in the Netherlands at three main sites. MSD is also known as

Merck & Co., Inc. in the US and Canada.

The COSI organization includes 3 main

pillars (COSI Inventory, IQV & Discards / COSI Cost & Sales / COSI

Above Market & Intercompany), and is responsible to perform End-to-End

activities from actual transactional occurrence of a financial result till

consolidation level in HQ. These activities are performed for >


Company Codes (and increasing) for all regions, which will roll up directly

into divisional and global results. On a monthly basis actual financial results

being provided to business partners with high level commentary and

explanations, so that adequate (strategic) business decisions can be made for

Merck’s Inventory Life Cycle. Hereby the financial results are provided with

integrity and treated with sensitivity.

Further, this organization is continuously

looking for synergies and business processes changes with business partners

to optimize and improve systems & processes in line with Merck s internal

policies and procedures but also external, US GAAP & IFRS.

This position is part of the COSI Inventory

team supporting all regions globally under the SAP platform. The team is responsible

for accurately performing accounting activities in relationship to Merck’s

Inventory with main focus on IQV (Inventory of Questionable Value) & Discards,

informing business partners of actual Inventory results from an End-to-End


The primary activities include but are not

limited to :
  • Ensuring
  • Ensuring
  • that appropriate and adequate internal controls are in place in accordance

    with corporate procedures including liaising with internal (MCAAS) and

    external (PwC) audit teams.

  • Responsible
  • for performing accounting activities for IQV, from and in line with US GAAP

    and according to Merck internal reporting design from End-to-End perspective.

  • Review
  • of accounting Discards and accurate reporting within Merck’s internal reporting

  • Responsible
  • for alignment of Discard’s P&L accounts with the relevant FSA (Financial

    Sharing Area) metrics on Country and Divisional level.

  • Responsible
  • for alignment of IQV balance accounts with the FSA Inventory Roll-Forward

    metrics per Company Code.

  • Acting
  • as a first point of contact for external and internal auditors in relation to

  • Responsible
  • for maintaining the IQV & Discard FSA metrics for all regions.

  • Support
  • roll out of Standardized and Centralized processes, tools, and activities in

    line with Merck’s policies and procedures.

  • Participate
  • in regional Governance meeting and provide pro-active feedback to

  • Responsible
  • to identify and follow up on process improvement from an End-to-End scenario.

  • Maintaining
  • and reporting performance metrics, and perform ad-hoc consolidation analysis

    to support business decisions.

  • Maintaining
  • and reconciling inventory account balances related to COSI processes between

    the General Ledger and SAP to ensure alignment for all regions.

  • Ongoing
  • process and tool developments, and optimizing IQV & Discard reporting and

    analysis of related data.

  • Provide
  • accurate and timely financial month-end results to business partners and

  • Responsible
  • to provide COSI analysts estimated IQV & Discard numbers on a monthly

    Qualifications :
  • University
  • University
  • or Bachelor’s degree in Business Economics, Finance or Accountancy

  • 3-5 years of relevant experience
  • in Finance. Experience in Supply Chain is a plus

  • Knowledge and experience
  • with Lean Six Sigma - Yellow belt certified is a plus

    Skills :
  • Willingness
  • Willingness
  • to take on responsibility

  • Capable
  • of making (rapid) decisions

    to change

  • Customer-orientated
  • Organized
  • with good analytical skills

  • Flexible
  • in work hours (and willingness to work in shifts)

  • Intercultural
  • experience and enjoys to work in a multi-cultural organization

  • Attention
  • to details and meeting deadlines

    Technologies :
  • Previous
  • Previous
  • practical experience of preparing accounts in accordance with US GAAP

  • Knowledge
  • and experience with SAP and Microsoft Office (Excel)

    Access knowledge is a plus

    knowledge :
  • Fluency
  • Fluency
  • in written and spoken English is mandatory

  • Able
  • to explain complex financial concepts to non-financial stakeholders

    Methods :
  • Have
  • Have
  • the ability to robustly challenge decisions with reasoned financial

  • Able
  • to see the wider picture and how decisions could affect the Site, Country, Region,

    and various Merck Divisions


    MSD is a global health care leader with a diversified portfolio of

    prescription medicines, vaccines and animal health products. The difference

    between potential and achievement lies in the spark that fuels innovation and

    inventiveness; this is the space where MSD has codified its 125-year legacy.

    MSD’s success is backed by ethical integrity, forward momentum, and an

    inspiring mission to achieve new milestones in global healthcare.

    MSD. Inventing for Life. For more information, visit our website :

    A good place to work

    Your role at MSD is integral to helping the world meet new breakthroughs that

    affect generations to come, and we’re counting on your skills and

    inventiveness to help make meaningful contributions to global medical

    advancement. At MSD, we’re inventing for life.


    If you are interested in this challenging role, you are requested to apply

    online by uploading your resume and application letter in English.

    Search Firm

    Representatives Please Read Carefully :

    MSD is not accepting

    unsolicited assistance from search firms for this employment opportunity.

    Please, no phone calls or emails. All resumes submitted by search firms to any

    employee at MSD via email, the Internet or in any form and / or method without a

    valid written search agreement in place for this position will be deemed the

    sole property of MSD. No fee will be paid in the event the candidate is hired

    by MSD as a result of the referral or through other means.

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