Manager-Inventory Accounting

Job Code # 220

Job Location-  Chennai

Salary- 10 LPA to 20 LPA

Key skills-
a) Overall 10 Years experience in accounts payable, Accounts receivable with minimum 1 year as a Manager
b) Detailed knowledge of GL process and Accounting Experience
c) Experience of working in Oracle, SAP
d) Graduation in Commerce / MBA (Finance)

Job Description-
• Overall 10 Years experience in accounts payable, Accounts receivable with minimum 1 year as a Manager
• Process, review, and work the daily Inventory costing reports and processes
• Balance weekly the inventory system report to the general ledger
• Assist with resolving inventory transfer differences between warehouses including preparing manual JEs as needed and account reconciliation
• Review open payable balance in prompt for warehouse transfers to ensure all receipts are reconciled timely
• Support/provide inputs for internal/external audit
• Ensuring delivery of the transitioned process as per SLA
• Account Analysis- balance sheet and P&L accounts
• Calculating Inventory Valuation Reserves Track and manage the company’s inventory. This includes maintaining inventory records, conducting physical inventory counts, and reconciling inventory records to physical counts.
• Ensure that inventory levels are accurate. This includes identifying and correcting inventory errors, and recommending inventory levels based on sales forecasts and demand.
• Properly account for inventory. This includes ensuring that inventory is properly classified and valued and that inventory transactions are recorded in accordance with generally accepted accounting principles (GAAP).
• Minimize inventory costs. This includes identifying and implementing cost-saving measures, such as vendor consolidation and inventory optimization.

KRA-
• Detailed knowledge of GL process and Accounting Experience
• Experience of working in Oracle, SAP
• Working knowledge in MS Office, especially MS Excel / Process Maps
• Balance Sheet
• Bank Reconciliation
• Accounts Receivable
• Accounts Payable
• Tally ERP

Critical Skills Required:
• Graduation in Commerce / MBA (Finance)
• Strong understanding of inventory accounting principles and procedures.
• Excellent analytical and problem-solving skills.
• Spreadsheet skills to manipulate large quantities of data; knowledge of PivotTables and VLOOKUP functions. Ensure Global internal controls are completed daily and internal controls are adhered to.
• Maintain service level with customer base – Measure progress against SLA and consistently satisfy customers in a ‘metrics-focused’ organization
• Assist Specialist with maintaining and exceeding Operation Excellence, ensuring full compliance with internal and external audit reviews.
• Provide reporting to management on issues, projects, and processing statistics Carry out tasks to develop and attain team objectives.
• Participate in daily team huddles and Monthly team meetings
• Experience in Oracle is required
• Knowledge of quality initiatives required