Inventory Accountant at Summit Recruitment and Search

The successful candidate will manage and oversee all aspects of inventory accounting for retail operations and other accounting duties. The ideal candidate will play a critical role in ensuring accurate inventory valuation, cost tracking, and financial reporting to support business operations and decision-making.

Inventory Accountant Key Responsibilities:

• Perform regular reconciliations between physical inventory and accounting records, investigating and resolving discrepancies.
• Monitor and maintain accurate cost of goods sold (COGS) and inventory valuation using appropriate costing methods (e.g., FIFO, weighted average).
• Coordinate and execute month-end and year-end inventory close processes, including journal entries and account reconciliations.
• Support internal and external audits by providing detailed inventory data, documentation, and analysis.
• Generate and analyze inventory-related financial reports to provide insights on stock levels, shrinkage, obsolescence, and turnover metrics.
• Ensure all inventory accounting activities comply with internal policies, procedures, and applicable accounting standards.
• Other accounting duties.

Qualifications to work as Inventory Accountant:

• Bachelor’s degree in Accounting, Finance, or a related field.
• CPA or ACCA certification preferred.
• Excellent analytical, organizational, and communication skills.
• Advanced Excel skills required.