Inventory Accountant

Early Applicant

Exp: 0-2 Years

Job Description

Reviewing purchase orders for accuracy and ensuring that they have been approved by the appropriate department head or manager
Calculating cost of goods sold by using methods such as first in first out (FIFO) or last in first out (LIFO)
Calculating inventory turnover ratios by dividing costs of goods sold by average inventory balances
Monitoring inventory levels to ensure they are within acceptable ranges
Ensuring that all inventory transaction details are recorded accurately in an accounting system
Reporting on inventory levels, costs, and turnover rates to management
Calculating cost of goods sold by using methods such as average cost, FIFO, LIFO, or average market price
Verifying inventory counts and recording adjustments to inventory levels for items that have been used, damaged, or lost
Determining methods for recording inventory transactions such as physical counts, perpetual systems, or estimates based on previous usage rates

Requirements

Candidate with Commerce graduation is preferred.
Proven experience as a junior accountant
Excellent organizing abilities
Candidates with instability in career will not be given preference as were looking for candidates with long term perspective.
Great attention to detail
Good with numbers and figures and an analytical acumen
Good understanding of accounting and financial reporting principles and practices
Excellent knowledge of MS Excel and familiarity with relevant computer software (e.g. Tally)