Inventory Accountant

4 weeks ago

Quezon City, Philippines M and J Solutions Provider Inc. Full time

Responsibilities: Checks that costs recorded are accurate and makes the necessary revaluations, if necessary. Ensures that subsidiary ledgers are tallied with general ledger inventory values and reconciles any differences; Investigates inventory errors and books adjusting/correcting entries; Reviews results and verifies causes of variances from stock counts before they are booked; Participates in stock counts; Verifies requests for inventory adjustments before they are booked including witnessing disposals of damaged and expired stocks; Generates inventory reports and analyzes variances and unusual transactions/occurrences, if any, particularly those relating to shrinkages. Raises significant findings to the Business Unit Controller and coordinates this with concerned departments e.g. Warehouse, Stores and Supply Chain Management; Performs margin analyses and checks on any unusual margin ratios; Records all valid vendor invoices related to inventories completely, timely and accurately, including booking of add‑on costs. Processes payment to foreign inventory suppliers and; Tracks short‑shipped items and coordinates with Supply Chain Management on claiming of credit notes; Also makes sure that these are applied on subsequent payments to suppliers; Monitors billing of landed cost allocations to affiliates; Helps lessen control risk in the inventory process by suggesting policies; Performs other functions that may be required. Qualifications: Graduate of Bachelor of Science in Accountancy . Has excellent mathematical and analytical skills , with a strong aptitude for detail and accuracy in data management. Tech‑Savvy and Proficient in Microsoft Excel (especially advanced functions like VLOOKUP, Pivot Tables, and conditional formatting) and general use of accounting software. Has good written and oral communication skills in English and Filipino and has the ability to communicate complex financial information effectively to non‑finance personnel. Has strong ethical fortitude and professionalism , maintaining confidence and independence in applying accounting standards, even when facing challenging business decisions. Highly honest, trustworthy, and maintains strict confidentiality regarding financial and operational data. Proactive and adaptable, showing eagerness to embrace new processes, software systems, and changing accounting regulations. Possesses strong organizational and time‑management skills , with the ability to manage multiple tasks and meet tight deadlines in a fast‑paced environment. A collaborative team player who is accessible, promotes a positive work environment, and is open to receiving and providing constructive feedback. Foundational understanding of inventory costing methods (e.g., FIFO, LIFO, Weighted Average) and their impact on financial statements. Basic knowledge of internal controls and accounting principles related to inventory management, warehousing, and fixed assets. #J-18808-Ljbffr

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