- Perform regular inventory audits to check accuracy and identify discrepancies.
- Calculate inventory reserves for risks like obsolescence and shrinkage.
- Determine inventory costs using methods like FIFO.
- Conduct monthly physical inventory counts.
- Analyze inventory data to find trends and areas for improvement.
- Prepare inventory reports, including turnover, days on hand, and aging analysis.
- Provide recommendations to optimize inventory levels and reduce costs.
- Ensure compliance with accounting standards and internal controls.
- Work with auditors during financial audits to provide necessary documentation.
- Collaborate with purchasing teams to improve inventory replenishment and manage supplier relationships.
Bachelor's degree in Accounting, Finance,1-3 years of experience in Cost accounting or Inventory management fields.Preferred to have experience in manufacturing or similar industries.Trainings or post-graduate studies in Cost Accounting, Inventory Management, or related fields is highly preferred.Knowledge of inventory management, cost accounting, and financial analysis.Proficiency in accounting software and ERP systems as well as Microsoft Excel for data analysis and reporting.