Accounting Specialist | Inventory and Cost  

The Accounting Specialist for Inventory and Cost will assist the management in various financial decisions by providing accurate reports and analyses related but not limited to inventory costs, inventory balances and historical and projected movements, patterns and trends.

Duties and Responsibilities:

• Inventory Costing
  • Monitors all costs related to the inventory daily
  • Performs reconciliation and clearing of accounts related to inventory daily
  • Ensures all costs related to inventory are accounted timely and accurately
  • Prepares and submit reports as required
• Inventory Adjustments and Movements
  • Monitors inventory movements by checking inbound and outbound transactions related to inventories
  • Check, investigate and records inventory adjustments requests due to shortages and overages
  • Handles inventory adjustment due to supplier claims
  • Handles inventory adjustment due to customer claims
• Inventory Reconciliation
  • Ensures that Inventory per books is reconciled per count by partnering with Operations during cycle count
  • Coordinates with other departments to resolve discrepancies
• Month-end closing and annual audit
  • Validates the cost of goods sold
  • Determines monthly inventory provision
  • Determines annual inventory valuation
• Participates in a special project like migration to new ERP
• Performs other tasks as may be assigned from time to time

• Bachelor’s degree in Accounting is required
• A minimum of 2 years’ experience as an Inventory or Cost Accountant
• Understanding of accounting principles and standards in relation to Inventory
• Proficient in MS Excel (Pivot, Vlookup, formulas etc.)
• Experience in any ERP system
• Can work independently and with a team
• Strong attention to details
• Process-oriented