Inventory Accountant (Pref Manufacturing)

Randstad; Pune District; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Randstad in Pune, India seeks an experienced inventory accounting professional to lead month-end close activities, ensure accurate financial reporting, and support governance of inventory processes.

Role requires collaboration with Supply Chain, Procurement, Logistics, and Operations, strong Excel skills, and the ability to drive process improvements in an ERP-enabled environment.

Qualifications

• 35 years of accounting or finance experience, preferably in inventory accounting, manufacturing, distribution, or supply chain finance.
• Strong knowledge of inventory accounting and financial reporting requirements.
• Advanced Excel skills and data analysis capabilities.

Responsibilities

• Manage month-end inventory close activities, including inventory reconciliations, accruals, journal entries, and inventory-related financial reporting.
• Monitor inventory balances and ensure inventory transactions are accurately recorded in compliance with company policies, accounting standards, and internal control requirements.
• Perform monthly reconciliations between inventory subledgers and the general ledger, investigating and resolving discrepancies on a timely basis.Execute inventory cost adjustments, including purchase price variance (PPV) analysis, landed cost allocations, and other inventory costing activities, ensuring appropriate accounting treatment.
• Analyze inventory movements, valuation, variances, reserves, and key inventory metrics to identify trends, risks, and opportunities for improvement.
• Prepare inventory-related financial reports, balance sheet reconciliations, management analyses, and commentary to support business decision-making.
• Assess inventory recoverability and evaluate excess, slow-moving, and obsolete inventory, including the preparation of inventory reserve analyses and recommendations.
• Partner with Supply Chain, Procurement, Logistics, and Operations teams to improve inventory management practices, strengthen financial controls, and support inventory governance.
• Support physical inventory counts, cycle counts, stock audits, and inventory verification activities to ensure inventory accuracy and integrity.
• Prepare audit schedules and supporting documentation for internal and external audits, and assist in the timely resolution of audit inquiries.
• Ensure compliance with corporate accounting policies, regulatory requirements, and inventory-related internal controls.
• Identify and implement process improvements to enhance inventory accounting accuracy, efficiency, reporting capabilities, and operational effectiveness.
• Participate in ERP implementations, system enhancements, business process transformations, and other inventory-related projects.

Skills

Inventory accounting

Financial reporting

Advanced Excel

Time management

Agile mindset

Tools

ERP systems

Job description

35 years of accounting or finance experience, preferably in inventory accounting, manufacturing, distribution, or supply chain finance.

• Strong knowledge of inventory accounting and financial reporting requirements
• Advanced Excel skills and data analysis capabilities.
• Ability to work under tight time schedules and to handle multiple tasks.
• Able to adapt to new responsibilities with an agile mindset.

Key Responsibilities

• Manage month-end inventory close activities, including inventory reconciliations, accruals, journal entries, and inventory-related financial reporting.
• Monitor inventory balances and ensure inventory transactions are accurately recorded in compliance with company policies, accounting standards, and internal control requirements.
• Perform monthly reconciliations between inventory subledgers and the general ledger, investigating and resolving discrepancies on a timely basis.Execute inventory cost adjustments, including purchase price variance (PPV) analysis, landed cost allocations, and other inventory costing activities, ensuring appropriate accounting treatment.
• Analyze inventory movements, valuation, variances, reserves, and key inventory metrics to identify trends, risks, and opportunities for improvement.
• Prepare inventory-related financial reports, balance sheet reconciliations, management analyses, and commentary to support business decision-making.
• Assess inventory recoverability and evaluate excess, slow-moving, and obsolete inventory, including the preparation of inventory reserve analyses and recommendations.
• Partner with Supply Chain, Procurement, Logistics, and Operations teams to improve inventory management practices, strengthen financial controls, and support inventory governance.
• Support physical inventory counts, cycle counts, stock audits, and inventory verification activities to ensure inventory accuracy and integrity.
• Prepare audit schedules and supporting documentation for internal and external audits, and assist in the timely resolution of audit inquiries.
• Ensure compliance with corporate accounting policies, regulatory requirements, and inventory-related internal controls.
• Identify and implement process improvements to enhance inventory accounting accuracy, efficiency, reporting capabilities, and operational effectiveness.
• Participate in ERP implementations, system enhancements, business process transformations, and other inventory-related projects.