Senior Accountant – Inventory & Consolidation

Outsourced Quality Assured Services Inc. (ISO Certified); Muntinlupa; Hybrid; PHP 1,004,000 - 1,339,000; Full time

Benefits offered by this job

Hybrid work arrangement

Professional development opportunities

Job summary

Outsourced Quality Assured Services Inc. (ISO Certified) is seeking a Senior Accountant - Inventory to manage month-end close, inventory recording, and group consolidation across international entities. You will drive accurate reporting, support internal controls, and liaise with operations to resolve stock discrepancies.

The role requires strong Excel and ERP experience, multi-entity consolidation, and a professional accounting qualification. Hybrid work in the Philippines is offered.

Qualifications

• Month-End Closing: journals, accruals, prepayments, provisions, and management accounts.
• Inventory accounting: reconciliations, costing, valuation, and variance analysis.
• Group consolidation across multi-entity structures with intercompany eliminations.
• Reconciliations: balance sheet and sub-ledger accuracy with proper documentation.
• Financial reporting: schedules and year-end support for audits.
• External audits: respond to queries with supporting documentation.
• Systems: strong Excel skills and ERP system proficiency.
• Ownership: detail-oriented, deadline-driven, and able to work with international teams.

Responsibilities

• Manage month-end close and consolidate financial results across entities.
• Oversee inventory accounting, reconciliation, and stock valuation processes.
• Prepare and review group consolidations and management reporting packs.
• Assist with internal controls, reconciliations, and audit readiness.
• Coordinate with warehouses and operations on inventory discrepancies.
• Support external auditors with schedules and documentation.

Skills

Month-End Closing

Inventory Accounting

Group Consolidation

Reconciliations

Financial Reporting

External Audit

Excel & ERP

Communication & Ownership

Education

Professional Accounting Qualification (ACA/ACCA/CIMA/CPA)

Tools

Syspro

F9 reporting

Job description

Senior Accountant - Inventory

Key Responsibilities

1. Month-End Close and Management Accounts

• Manage the month-end closing process and ensure all reporting deadlines are met.

• Prepare month-end journals, accruals, prepayments, provisions, and adjusting entries.

• Prepare monthly management accounts and departmental reports.

• Coordinate the timely submission of financial results from other entities for consolidation.

• Prepare and reconcile intercompany transactions, balances, turnover, and elimination entries across multiple entities.

2. Group Consolidation and Reporting

• Prepare group consolidations across multiple international entities, including elimination entries.

• Generate consolidated financial reports using the relevant reporting system.

• Prepare management reporting packs for review by the Group Financial Controller.

• Investigate and resolve consolidation discrepancies and intercompany differences.

• Ensure the accuracy and completeness of financial information submitted by individual entities.

3. Inventory Accounting and Reconciliation

• Oversee inventory accounting and ensure accurate recording and reporting of inventory transactions.

• Reconcile inventory sub-ledger balances against the general ledger and investigate discrepancies.

• Review inventory movements, adjustments, and valuation to ensure accurate financial reporting.

• Analyze inventory variances, including stock adjustments, write-offs, and discrepancies between physical stock and system records.

• Review inventory costing and ensure appropriate accounting treatment of inventory-related transactions.

• Coordinate with operational and warehouse teams to investigate inventory discrepancies and resolve issues.

• Ensure proper documentation and accounting treatment of inventory provisions and obsolete or slow-moving stock.

4. Reconciliations and Financial Controls

• Review balance sheet and sub-ledger reconciliations prepared by the Junior Accountant, including AP, AR, bank, and goods received not invoiced (GRNI).

• Ensure reconciling items are investigated, resolved, and properly documented.

• Maintain accurate financial records and a clear audit trail.

• Identify and elevate unusual transactions, discrepancies, and control issues.

• Strengthen financial controls and ensure consistency in accounting processes across entities.

5. Financial Reporting and Audit

• Prepare financial statements and supporting schedules in accordance with applicable accounting standards.

• Prepare year-end schedules and supporting documentation for external audits.

• Support the preparation of consolidated financial statements.

• Respond to external auditor queries and provide supporting documentation.

• Assist with financial reviews, audit requirements, and historical balance adjustments where necessary.

6. Team Management and Process Improvement

• Line-manage and review the work of the Junior Accountant handling AP and AR.

• Ensure the timely completion and accuracy of the team's deliverables.

• Maintain process documentation and standard operating procedures.

• Identify opportunities to improve accounting workflows, reporting accuracy, and operational efficiency.

• Ensure appropriate team coverage and continuity of accounting operations.

Must-Haves

• Month-End Closing: Strong hands-on experience managing month-end close, including journals, accruals, prepayments, provisions, and management accounts.

• Inventory Accounting: Demonstrated hands-on experience in inventory accounting, inventory reconciliations, costing, valuation, and inventory variance analysis.

• Group Consolidation: Experience consolidating financial results across multiple entities, including intercompany transactions and elimination entries.

• Reconciliations and Financial Controls: Experience reviewing balance sheet reconciliations, investigating discrepancies, and maintaining sound financial controls.

• Financial Reporting: Experience preparing financial reports, supporting schedules, and year-end audit documentation.

• External Audit: Experience preparing audit schedules and supporting external auditors.

• Systems and Excel: Strong Excel skills and experience using an ERP or accounting system.

• Communication and Ownership: Strong attention to detail, ability to meet strict reporting deadlines, and confidence working independently with international teams.

Nice-to-Haves

• Professional Accounting Qualification: ACA, ACCA, CIMA, CPA, or a recognized local equivalent.

• Experience using Syspro or another ERP system in a multi-entity environment.

• Experience using F9 reporting and consolidation tools.

• Background in a manufacturing or product-based business.

• Experience with multi-currency accounting and intercompany reconciliations.

• Experience preparing consolidated financial statements at group level.

• Previous experience supervising or line-managing junior accounting staff.

• Experience working with international entities, particularly across multiple regions.

• Experience maintaining transfer pricing documentation and supporting historical financial restatements.

About You

• You take ownership of financial reporting and ensure the numbers are accurate, complete, and supported by documentation.

• You are organized, analytical, and deadline-driven.

• You have a strong understanding of inventory accounting and can identify and investigate discrepancies.

• You can independently manage accounting processes from preparation through review.

• You communicate clearly and confidently with international colleagues and external advisors.

• You are comfortable reviewing others' work, providing guidance, and maintaining consistent accounting standards.

• You are proactive in identifying opportunities to improve accounting processes and financial controls.

Reporting Structure

• Reports to: Group Financial Controller

• Direct Report: Junior Accountant - Accounts Payable/Accounts Receivable

• Working Hours: 3:00 PM - 12:00 AM Philippine Time

Work Setup and Requirements

• Work Setup: Hybrid (Alabang, Muntinlupa)

• Internet Requirements: Stable and reliable internet connection with at least 20 Mbps download and upload speed.

• Work Schedule: Night shift, 3:00 PM - 12:00 AM Philippine Time.

• Equipment: Equipment will be provided by the company.