Branch Inventory Accounting

Opus; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

Opus Inventory Accountant position based in Riyadh and the Eastern Region requires auditing of branch inventories and reconciliation with records. You will prepare reports, analyze variances, and ensure internal controls are followed across locations.

The candidate should hold a Bachelor’s degree in Accounting with SOCPA membership, be proficient in Excel and inventory systems, and willing to travel between Riyadh and the Eastern Region.

Qualifications

• Bachelor’s degree in Accounting with SOCPA membership.
• Experience in inventory auditing and accounting, preferably in fashion/retail.
• Proficient in Microsoft Excel and inventory management systems.
• Willingness to travel between Riyadh and the Eastern Region.

Responsibilities

• Conduct periodic and surprise inventory audits for branch inventories in Riyadh and the Eastern Region.
• Reconcile actual inventory with system data and identify variances.
• Analyze variances, determine causes, and report recommendations.
• Review item movement including sales, transfers, receiving and returns.
• Ensure accurate recording of items, quantities and prices per procedures.
• Prepare periodic inventory reports for the Finance Department.
• Monitor slow-moving or damaged items and include in reports.
• Coordinate with branch managers and warehouse staff during audits.
• Ensure compliance with inventory audit policies and internal controls.
• Participate in annual audits and field visits as planned.

Skills

Inventory auditing

Branch coordination

Education

Bachelor’s degree in Accounting

Tools

Microsoft Excel

Inventory management system

Job description

Job Title: Inventory Accountant for Branches
Location: Riyadh and the Eastern Region – Kingdom of Saudi Arabia
Nationality: Saudi
Qualification: Bachelor’s degree in Accounting
Membership: Valid membership in the Saudi Organization for Certified Public Accountants (SOCPA) (Socpa)

Job Purpose:
To carry out the company’s periodic inventory audits for its branches and verify the accuracy of inventory balances and their alignment with records and accounting systems, while identifying discrepancies and preparing the required reports—ensuring inventory accuracy and the integrity of financial operations in the company’s branches.

Duties and Responsibilities:

• Conduct periodic and surprise inventory audits of the company’s branch inventories in Riyadh and the Eastern Region.
• Reconcile the actual inventory quantities with the data recorded in the system.
• Identify, analyze, and report inventory audit variances, determine their causes, and submit the necessary recommendations for addressing them.
• Review item movement, including sales, transfers, receiving, and returns.
• Ensure the accurate recording of items, quantities, and prices according to the approved procedures.
• Prepare periodic inventory reports and submit them to the Finance Department.
• Monitor slow-moving, damaged, or non-compliant items and include them in inventory reports.
• Coordinate with branch managers and warehouse and sales staff during inventory audit activities.
• Ensure compliance with inventory audit policies and internal control procedures.
• Participate in annual inventory audits and close the related financial periods.
• Conduct field visits to branches according to the approved inventory audit plan.
• Maintain the confidentiality of financial data and inventory data.

Requirements:

• The applicant must be Saudi.
• Bachelor’s degree in Accounting.
• Valid membership in the Saudi Organization for Certified Public Accountants (SOCPA).
• Prior experience in inventory, inventory auditing, and accounting, preferably in the fashion or retail sector.
• Proficiency in using Microsoft Excel and accounting systems/inventory management systems.
• Ability to analyze inventory audit variances and prepare reports.
• Ability to work in the field and travel between branches in Riyadh and the Eastern Region.
• High accuracy and attention to detail.
• Ability to work under pressure and within the specified inventory audit timelines.

Preferred:
Experience in retail companies with a large number of branches, along with strong knowledge of the inventory cycle, item movement, and transfers between branches.