Are you an experienced Inventory Accountant looking for a new challenge and an opportunity to advance your career? If you have excellent marketing skills and thrive in a challenging and dynamic work environment, we have the perfect job.
We seek an Inventory Accountant to join our vibrant, happy, and successful company. If you are a talented and passionate Inventory Accountant looking to join a dynamic team, we would love to hear from you.
Inventory Accountant Job Description
The Inventory Accountant will report weekly and analyze inventory management and production information (stock levels, value/Mt, position in days, DIO, extraction, obsoleteness, slow-moving, stock variances, wheat cost per Mt, extraction, shrink). As well as preparing any other required reports (internal or external) related to the areas of responsibility.
Inventory Accountant Responsibilities
- Perform allocated monthly balance sheet reconciliations that are adequately prepared, reviewed, and concluded on WD+5.
- Review allocated balance sheet reconciliation for selected accounts.
- Set up a mass balance control.
- Stocktake management (plan, lead, conclude, report)
- Grind out certification
- Verification of NAV information on inventory and production (q, p, provisions, BOM, etc)
- Compliance with inventory-related (accounting policies) and translation to local policies.
- Root cause analysis of all inventories related to identified issues and follow-up on action plans and timing
- Lead and ensure accurate and timely completion of other internal, external, and governmental audits.
- Responsible for timely and effective remediation of all audit findings occurring in the area of responsibility
Inventory Accountant Requirements and Skills
- Setup and implementation of inventory policies (cross-department)
- Follow developments in production, commodity, milling industry, supply chain
- Actively participate and contribute in meetings and business interactions as required.
- Report development to make reporting the most efficient.
- Maintain existing or obtain credentials and certifications related to improving the performance of your duties.
- Seek out additional educational opportunities in line with Company needs.
Staff management
- Able to train junior accounts clerk/trainee/intern per year on the value chain, inventory, and relevant accounting policies
- Document SOPs for processes relating to the areas of responsibility
- Improve and/or keep up to date with MS Office Suite skills and MS NAV
- Any other assigned task or responsibility by management
Frequently Asked Questions
Who is an Inventory Accountant?
An Inventory Accountant is responsible for planning, developing, and managing daily accounting entries that are correct, complete, timely, and authorized (stock, production, losses/variances/shrink).
What are the qualities of a good Inventory Accountant?
As an Inventory Accountant, if you want to be successful, you must be ready to communicate timely on non-compliance with standards for inventory and production.
What is the key skill of an Inventory Accountant?
In any company, the Inventory Accountant should have an adequate knowledge of business and management principles such as budgeting, strategic planning, resource allocation, and human resources skills.
