Inventory Accountant

Job Purpose:

To ensure accurate inventory valuation, tracking, and financial reporting by maintaining robust inventory controls, reconciling stock records, and optimizing inventory management processes. The role supports compliance, cost efficiency, and data-driven decision-making

Key Tasks/Accountabilities

• Perform regular inventory counts and reconcile physical stock with system records.

• Apply costing methods (FIFO, LIFO, weighted average) to value inventory accurately.

• Monitor inventory movements (purchases, sales, returns) and record adjustments.

• Analyse inventory for obsolescence, shrinkage, or write-offs; recommend actions.

• Prepare monthly inventory reports (e.g., Inventory valuation, aging).

• Reconcile inventory subledgers with the General Ledger, .

• Maintain documentation for audits and ensure compliance with GAAP/IFRS.

• Collaborate with procurement, warehousing, and finance teams to streamline workflows.

• Support month-end/year-end closing processes related to inventory.

• Troubleshoot discrepancies and implement corrective measures.

• Utilize ERP systems (e.g., SAP, Oracle) for inventory tracking and reporting.