Inventory Accountant

Job details

Pay

From ₹15,000 a month

Job type

Permanent
Fresher
Full-time

Shift and schedule

Morning shift
Fixed shift

Location

Chennai, Tamil Nadu

Full job description

The Inventory Accountant will be responsible for managing and overseeing all inventory-related accounting functions. This includes maintaining accurate inventory records, performing reconciliations, analyzing data, and ensuring compliance with accounting standards and company policies.

Key Responsibilities:

Inventory Tracking: Manage and record inventory transactions including purchases, sales, and adjustments in the accounting system.
Reconciliation: Perform regular reconciliations of inventory records to ensure accuracy between physical counts and system records. Investigate and resolve discrepancies remotely.
Cost Analysis: Analyze inventory costs and prepare detailed cost reports. Monitor cost variances and provide actionable insights for cost control and financial planning.
Financial Reporting: Generate and present inventory-related financial reports on a monthly, quarterly, and annual basis. Ensure timely and accurate reporting.
Audit Support: Facilitate internal and external audits by providing necessary documentation and explanations related to inventory accounts. Implement corrective actions based on audit findings.
Compliance: Ensure adherence to accounting standards, company policies, and regulatory requirements related to inventory management.
Process Improvement: Identify opportunities for process improvements and recommend enhancements to inventory accounting procedures to increase accuracy and efficiency.
Collaboration: Communicate effectively with procurement, warehousing, and sales teams to resolve inventory issues and ensure seamless operations.
System Management: Assist with the implementation and maintenance of inventory management systems and ensure data integrity and accuracy remotely.

Qualifications:

Experience: Proven experience as an Inventory Accountant or similar role with a focus on inventory management.
Technical Skills: Strong understanding of accounting principles related to inventory. Proficiency in Zohobooks, Google Sheets and MS Excel.
Analytical Skills: Excellent analytical skills with the ability to interpret complex data and provide actionable insights.
Attention to Detail: High level of accuracy and attention to detail in all inventory accounting functions.
Communication: Strong written and verbal communication skills with the ability to collaborate effectively in a virtual environment.
Self-Motivation: Ability to work independently, manage time effectively, and meet deadlines while working remotely.
Education: Bachelor’s/Master's degree in Accounting, Finance. Professional certification (e.g., CPA) is a plus.