Senior FRA Specialist, Inventory

Salary Range:

Kč808,381.00 - Kč1,501,279.00

Job Description Summary

Location: Prague, Czech Republic

Relocation Support: This role is based in Prague, Czech Republic. Novartis is unable to offer relocation support: please only apply if accessible.

Imagine playing a pivotal role in ensuring the accuracy and integrity of financial information that supports life-changing medicines reaching patients worldwide. As a Senior FRA Specialist Inventory, you will be at the center of Novartis’ inventory accounting and reporting operations, partnering with Finance, Supply Chain, and business stakeholders across the organization to deliver high-quality financial insights, strong controls, and operational excellence. This is an opportunity to combine technical accounting expertise with cross-functional collaboration, driving impactful decisions while helping shape efficient, compliant, and transparent financial processes in a global environment.

Job Description

Key Responsibilities

• Lead month-end close activities for inventory and cost of goods sold accounting processes.
• Perform inventory account reconciliations and ensure accurate balance sheet and income statement reporting.
• Manage inventory provisioning activities, including slow-moving and non-moving stock assessments.
• Oversee product revaluation and devaluation analysis impacting inventory reserves and financial performance.
• Deliver accurate and timely Novartis Product Margin Reporting, including data analysis and validation.
• Collaborate with Finance, Supply Chain, and business partners to resolve inventory accounting matters.
• Strengthen financial controls, review reconciliations, and support compliance, audit, and reporting requirements.

Essential Requirements

• Bachelor's degree in Accounting, Finance, Economics, or a related business discipline.
• Proven experience in financial accounting, reporting, or record-to-report processes within a global organization.
• Strong knowledge of inventory accounting principles, financial controls, and month-end closing activities.
• Experience analyzing complex financial data and translating findings into actionable business insights.
• Ability to collaborate effectively with cross-functional stakeholders in an international environment.
• Strong attention to detail with a commitment to accuracy, compliance, and continuous process improvement.

Benefits & Rewards

At Novartis, we’re committed to reimagining medicine together - and rewarding the people who make it happen.

Expected Annual Base Salary Range for role: 808,381 CZK to 1,501,279 CZK

The base salary offered is determined based on gender-neutral objectives, such as relevant skills, competencies and experience in accordance with the Novartis pay setting policy and upon joining Novartis will be reviewed periodically.

In addition to your base salary, you may be eligible for a performance-based bonus depending on certain performance parameters.

The rewards of being part of our team go far beyond base pay and incentives. We also offer a variety of competitive benefits in kind to help you thrive personally and professionally, such as insurance plans, retirement plans, wellbeing resources and global recognition programs. In addition, we provide flexible and hybrid working options, where possible, and minimum 14 weeks paid parental leave.

Read our brochure to learn more about our global total rewards offering:

https://www.novartis.com/sites/novartis_com/files/novartis-life-handbook.pdf

Note: Benefits and compensation may vary by country and are subject to local legal requirements, including provisions of collective bargaining agreements where applicable. A full overview of your compensation package, including any relevant collective bargaining agreement details applicable to your role based on your employment location and Novartis employer entity, will be communicated separately to you during the application process.

What you will receive

Monthly pension contribution matching your individual contribution up to 3% of your gross monthly base salary; Risk Life Insurance (full cost covered by Novartis); 5-week holiday per year; (1week above the Labour Law requirement); 4 paid sick days within one calendar year in case of absence due to sickness without a medical sickness report; Cafeteria employee benefit program –

choice of benefits from Benefit Plus Cafeteria in the amount of 17,500 CZK per year; Meal vouchers in amount of 105 CZK for each working day (full tax covered by company); Public Transportation Allowance; MultiSport Card, Employee Share Purchase Plan. Find out more about Novartis Business Services: https://www.novartis.cz/

Commitment to Diversity and Inclusion

Novartis is committed to building an outstanding, inclusive work environment and diverse teams representative of the patients and communities we serve.

Accessibility and accommodation

Novartis is committed to working with and providing reasonable accommodation to all individuals. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the recruitment process, or in order to receive more detailed information about the essential functions of a position, please send an e-mail to di.cz@novartis.com and let us know the nature of your request and your contact information. Please include the job requisition number in your message.

Skills Desired

Building High Performance Team, Communication, Critical Thinking, Financial Accounting, Financial Management Reporting, Key Driver Analysis (KDA), People Development, Process Optimization, Resource Allocation, Stakeholder Influence

Welcome to where we thrive together

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