Inventory Accountant

Inventory Accountant

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Inventory Accountant

Summary

The Inventory Accountant is responsible for tracking and managing the company’s inventory. The Inventory Accountant will work with other members of the accounting team to ensure that inventory levels are accurate, that inventory is properly accounted for, and that inventory costs are minimized.

Responsibilities

  • Track and manage the company’s inventory. This includes maintaining inventory records, conducting physical inventory counts, and reconciling inventory records to physical counts.
  • Ensure that inventory levels are accurate. This includes identifying and correcting inventory errors, and recommending inventory levels based on sales forecasts and demand.
  • Properly account for inventory. This includes ensuring that inventory is properly classified and valued, and that inventory transactions are recorded in accordance with generally accepted accounting principles (GAAP).
  • Minimize inventory costs. This includes identifying and implementing cost-saving measures, such as vendor consolidation and inventory optimization.
  • Other duties as assigned. This may include a variety of other tasks related to inventory management, such as preparing reports, conducting training, and providing support to other departments.

Qualifications

  • Bachelor’s degree in accounting, finance, or a related field.
  • Experience in inventory management.
  • Strong understanding of inventory accounting principles and procedures.
  • Excellent analytical and problem-solving skills.
  • Ability to work independently and as part of a team.
  • Excellent written and verbal communication skills.