Inventory Accountant

Masterchow Foods; India; On-site; INR 420,000 - 620,000; Full time

Job summary

Masterchow Foods in India seeks an Inventory Accountant to manage accuracy of stock records across RM, Packaging, WIP, and finished goods. You will record receipts and issues, verify documents, and ensure alignment with financial books using Tally and MS Excel.

The role requires strong costing, variance analysis, and reconciliation skills, with preference for FMCG/manufacturing experience. Collaboration with procurement, production, stores, and finance teams is essential.

Qualifications

• Strong knowledge of Inventory Accounting and Manufacturing Accounting.
• Hands-on experience in Tally and MS Excel.
• Knowledge of Inventory Valuation, COGS, Costing & Variance Analysis.
• Strong reconciliation and analytical skills.
• Understanding of BOM, RM Consumption, WIP, Production & Yield.

Responsibilities

• Maintain accurate inventory accounting and records for RM, Packaging, WIP, Finished Goods, and Consumables.
• Record and verify inventory receipts, issues, transfers, returns, adjustments, GRNs, invoices, and related documents.
• Reconcile inventory records between Physical Stock, Stores/Warehouse, Tally, and Financial Books.
• Monitor RM and packaging consumption against production and identify abnormal consumption, wastage, and yield variances.
• Coordinate physical stock verification and investigate stock shortages/excesses.
• Prepare monthly inventory MIS covering purchases, consumption, production, dispatch, closing stock, wastage, variance, ageing, and COGS.

Skills

Inventory accounting

Manufacturing accounting

Tally

MS Excel

Costing & variance analysis

COGS

Reconciliation

BOM understanding

RM consumption

Coordination & communication

FMCG/manufacturing experience

Tools

Tally

MS Excel

Job description

Key Responsibilities

• Maintain accurate inventory accounting and records for RM, Packaging, WIP, Finished Goods, and Consumables.
• Record and verify inventory receipts, issues, transfers, returns, adjustments, GRNs, invoices, and related documents.
• Reconcile inventory records between Physical Stock, Stores/Warehouse, Tally, and Financial Books.
• Monitor RM and packaging consumption against production and identify abnormal consumption, wastage, and yield variances.
• Reconcile production, dispatch, and closing stock and ensure accurate COGS accounting.
• Support inventory valuation as per company policies and applicable accounting standards.
• Monitor slow-moving, non-moving, obsolete, damaged, and ageing inventory.
• Coordinate physical stock verification and investigate stock shortages/excesses.
• Maintain accurate inventory masters, units, locations, and ledger mapping in Tally.
• Prepare monthly inventory MIS covering purchases, consumption, production, dispatch, closing stock, wastage, variance, ageing, and COGS.
• Support SKU/product costing and analyse RM price, consumption, packaging, wastage, yield, and conversion cost variances.
• Ensure proper inventory controls and support internal and statutory audits.
• Coordinate with Procurement, Stores, Production, Warehouse, Sales, Quality, and Finance teams for inventory-related matters.

Key Skills & Competencies

• Strong knowledge of Inventory Accounting and Manufacturing Accounting
• Hands-on experience in Tally and MS Excel
• Knowledge of Inventory Valuation, COGS, Costing & Variance Analysis
• Strong reconciliation and analytical skills
• Understanding of BOM, RM Consumption, WIP, Production & Yield
• Good coordination and communication skills
• FMCG/Manufacturing industry experience preferred