Inventory Control and SOX Compliance Manager

Lantheus is headquartered in Bedford, Massachusetts with offices in Canada and Sweden. For more than 60 years, Lantheus has been instrumental in pioneering the field of medical imaging and has helped physicians enhance patient care with its broad product portfolio. In 2023, Lantheus had more than $1B in revenues, led by sales of imaging agents for cardiac ultrasound and for prostate cancer.

Lantheus is an entrepreneurial, agile, growing organization that provides innovative diagnostics, targeted therapeutics, and artificial intelligence (AI) solutions that empower clinicians to find, fight and follow disease. At Lantheus our purpose and values guide our behaviors in all interactions and play a vital role in creating a dynamic environment that contributes to our success. Every employee is crucial to our success; we respect one another and act as one knowing that someone's health is in our hands. We believe in helping people be their best and are seeking to bring together a diverse group of individuals with different viewpoints and skill sets to be a part of a productive and inclusive team.

Summary of role

The Inventory Controls and SOX Compliance Manager will be responsible for overseeing and optimizing the inventory management processes within the organization. This hands-on role will ensure accurate inventory records, minimizing discrepancies, and will implement best practices to support efficient supply chain operations. The Inventory Controls Manager will work closely with cross-functional teams (Quality, Manufacturing and Finance) to develop and enforce policies that enhance inventory accuracy and improve overall operational efficiency.

Key Responsibilities/Essential Functions

Inventory Management and Accuracy:

• Oversee daily operations to ensure accurate record keeping and reporting, utilizing SAP to maintain real time inventory tracking
• Management of expired material across internal warehouses, CMO's, 3PL's and Third-Party distributors
• Monthly CMO inventory reconciliations; investigating and resolving inventory discrepancies in a timely manner
• Management of the cycle counting program: ensure regular cycle counts are conducted in a timely manner and errors investigated to meet compliance targets, ABC coding evaluated annually to reflect business need requirements, analyze hit % accuracy
• Conduct full physical inventory audits as needed to validate inventory control
• Develop and conduct inventory training periodically to the Tech Ops organization
• Collaborate with Supply Chain Planning on periodic ROP/Safety Stock analysis for security of supply, ensuring the ERP system is reflecting correct information

SOX Compliance

• Ensure compliance with Sarbanes-Oxley Act, company policy and industry standards
• Full ownership of Inventory controls within the organization; ability to navigate the Internal Controls reporting tool
• Act as the Liaison between the Internal Audit team, External Audit team and the business to deliver all requests and testing requirements on time

Process Optimization

• Analyze current inventory control processes and identify opportunity areas
• Develop and implement SOP's and Work Instructions in line with current business process
• Collaborate with Quality, Manufacturing and Warehouse to troubleshoot errors and establish optimal business processes

Reporting and Analytics

• Lead a weekly Inventory meeting with multiple stakeholders
• Lead a monthly KPI Supply Chain meeting on the month's KPI's and performance metrics.
• Analyze inventory to provide actionable insights to senior management to support strategic decision-making

Other

• Manage on-site Third Party non-inventoried items, reviewing ROP's based on historical usage.
• Collaborate with the Facilities team on Spare Parts Management and integration of the Asset Management system with SAP
• Participate in projects related to inventory management, lending advice and support on future integrations

Basic Qualifications

• Bachelor's degree in supply chain management, logistics, business administration, or a related field
• 5+ years experience in inventory management, supply chain in a GMP environment, preferably radiopharmaceutical, pharmaceutical or life sciences industry
• Experience working with Microsoft Office and ERPs - preferably SAP S4 Hana. Ability to pick up technology easily
• Strong analytical, attention to detail, problem solving and project management skills
• Excellent communication (both written and oral) and leadership skills with demonstrated ability to influence key stakeholders based on sound business rationale
• Ability to work in a fast-paced environment and adapt to changing priorities

Other Requirements

• This position is site-based in Billerica and requires a presence on-site three days per week (four preferably).
• May require occasional travel to other facilities or vendors for cycle counting and inventory oversight.

Lantheus is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Lantheus is an E-Verify Employer in the United States.

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