Assistant Manager/Deputy Manager - Finance Inventory
Responsibilities area:
- Implement a system for monitoring and analyzing inventory levels to ensure precision and adherence to company policies. Conduct regular reconciliations and audits to verify accuracy and address discrepancies.
- Develop and uphold a consistent inventory valuation method (FIFO, LIFO, or weighted average cost) to ensure accurate financial reporting.
- Prepare and deliver comprehensive inventory reports and analyses to management. Investigate variances between actual and expected inventory costs and recommend corrective actions.
- Collaborate with finance and other teams to identify and implement opportunities to streamline inventory accounting processes, including month-end and year-end closing.
- Apply best practices for effective inventory control and management across all aspects of your inventory operations.
- Collaborate with cross-functional teams to improve inventory forecasting and planning to avoid stockouts and excess inventory.
- Maintain documentation for inventory accounting processes and procedures to ensure adherence to relevant accounting standards, regulations, and internal controls. Support internal and external audits related to inventory.
Eligibility:- Graduation/Post Graduation degree in accounting (e.g B.COM/M.COM)
- Minimum 5 yrs of experience in inventory role.
- Familiarity with common ERP systems (e.g., SAP, Oracle).
- Proficiency in Microsoft Excel for data analysis and reporting.