Inventory Accountant

4 days ago

Libis Metro Manila, Philippines M and J Solutions Provider Inc. Full time ₱600,000 - ₱800,000 per year

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.

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