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Objective:
The Inventory Accountant is responsible for managing and monitoring inventory accounting activities, ensuring accurate recording, valuation, reconciliation, and reporting of inventory in compliance with accounting standards and internal policies.
Key tasks and responsibilities:
1. Inventory Recording & Reconciliation
Maintain accurate inventory records in the accounting system.
Perform annual inventory reconciliation between physical stock and accounting records.
Investigate and resolve inventory discrepancies.
2. Costing & Valuation
Monitor inventory costing (FIFO / Weighted Average, etc.).
Review and analyze inventory valuation and provision for slow-moving or obsolete stock.
Ensure accurate cost allocation and product costing.
3. Reporting & Analysis
Support month-end and year-end closing activities.
Provide inventory-related financial analysis to management.
4. Internal Controls & Compliance
Ensure compliance with accounting standards and company policies.
Support internal and external audits.
Maintain proper documentation of inventory transactions.
5. Process Improvement
Identify opportunities to improve inventory accounting processes.
Coordinate with warehouse and operations teams.
Job requirements:
Bachelor's degree in Accounting, Finance, or a related field.
25 years of accounting experience; inventory experience preferred.
Strong knowledge of inventory accounting principles and costing methods.
Proficiency in ERP systems and Microsoft Excel.
Fluent in English, both written and spoken.
Strong analytical, problem-solving, and reconciliation skills.
Job ID: 144497023