Inventory Accounting Associate

WHR Global Consulting; Quezon City; On-site; PHP 279,000 - 390,600; Full time

Job summary

A consulting firm in Quezon City is seeking an Inventory Accounting Associate to ensure efficiency in inventory processes and minimize related risks. The role involves accurate recording of inventories, performing margin analyses, and participating in stock counts. Ideal candidates should have a Bachelor’s degree in Accountancy, preferably be a CPA, and possess strong mathematical and analytical skills. Proficiency in English and Filipino communication is necessary, alongside effective interpersonal skills. This position is full-time and requires on-site work.

Qualifications

• Graduate of Bachelor of Science in Accountancy.
• Good mathematical and analytical skills.
• Effective communication of complex information.

Responsibilities

• Check accuracy of recorded costs and make necessary revaluations.
• Ensure subsidiary ledgers match general ledger inventory.
• Investigate and correct inventory errors.
• Review results and verify causes of variance.
• Participate in stock counts.
• Verify inventory adjustment requests.
• Generate inventory reports and analyze variances.
• Record all valid vendor invoices related to inventories.
• Monitor billing of landed cost allocations.

Skills

Mathematical skills

Analytical skills

Communication skills in English

Communication skills in Filipino

Interpersonal skills

Education

Bachelor of Science in Accountancy

Certified Public Accountant (preferable)

Job description

On-site - Quezon City Fresh Graduate/Student Bachelor Full-time

Chat

Apply

Share

Job Description

POSITION TITLE: Inventory Accounting Associate

WORK SETUP: Day Shift | On-site

Overview

Job Summary: Expert with regards to the controls and costs associated with the inventory process. Responsible in ensuring inventory efficiency measures and in minimizing inventory related risks. Handles accurate, timely and complete recording of inventories.

Responsibilities

1. Checks that costs recorded are accurate and makes the necessary revaluations, if necessary.
2. Ensures that subsidiary ledgers are tallied with general ledger inventory values and reconciles any differences.
3. Investigates inventory errors and books adjusting/correcting entries.
4. Reviews results and verifies causes of variances from stock counts before they are booked.
5. Participates in stock counts.
6. Verifies requests for inventory adjustments before they are booked including witnessing disposals of damaged and expired stocks.
7. Generates inventory reports and analyzes variances and unusual transactions/occurrences, if any, particularly those relating to shrinkages. Raises significant findings to Business Unit Controller and coordinates this with concerned departments e.g. Warehouse, Stores and Supply Chain Management.
8. Performs margin analyses and checks on any unusual margin ratios.
9. Records all valid vendor invoices related to inventories completely, timely and accurately, including booking of add-on costs. Processes payment to foreign inventory suppliers.
10. Tracks short-shipped items and coordinates with Supply Chain Management on claiming of credit notes; Also makes sure that these are applied on subsequent payments to suppliers.
11. Monitors billing of landed cost allocations to affiliates.
12. Helps lessen control risk in the inventory process by suggesting policies.
13. Performs other functions that may be required.

Qualifications

1. Graduate of Bachelor of Science in Accountancy, preferably a Certified Public Accountant;
2. Has good mathematical and analytical skills;
3. Has command of both technology and finance issues;
4. Has good written and oral communication skills in English and Filipino and has the ability to communicate complex information effectively;
5. Confident especially in challenging decisions that are not in the Company’s best interests;
6. Honest and trustworthy;
7. Has effective interpersonal skills;
8. Accessible; promotes teamwork and encourages feedback.

Working Location

If the position requires you to work overseas, please be vigilant and beware of fraud.

If you encounter an employer who has the following actions during your job search, please report it immediately

• withholds your ID,
• requires you to provide a guarantee or collects property,
• forces you to invest or raise funds,
• collects illicit benefits,
• or other illegal situations.

Tips

Some of our features may not work properly on your device.