Alkaffary Group seeks a detail-oriented Inventory Accountant to manage inventory accounting, ensuring accurate reporting, valuation, and reconciliation. You will collaborate with Procurement and Inventory Control to support month-end/year-end closing
Key Responsibilities
- Maintain and reconcile inventory accounts in the finance system, ensuring accuracy and completeness of records.
- Ensure proper accounting treatment for all inventory-related transactions (purchases, transfers, adjustments, write-offs).
- Prepare and review inventory valuation outputs and reports, and support financial statement preparation by providing accurate inventory figures.
- Monitor inventory transactions and aging to identify trends, risks (e.g., obsolescence), and potential provisioning needs.
- Coordinate with procurement and inventory control / warehouse teams to investigate and resolve inventory discrepancies.
- Support month-end and year-end closing processes related to inventory accounts, ensuring timely and accurate entries.
- Support internal and external audits by providing required documentation, explanations, and audit-ready evidence.
- Analyze inventory data to support management with insights and actionable recommendations related to costing and inventory performance.
Requirements
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum 3 years of experience in accounting, preferably with exposure to inventory accounting and reconciliation.
- Strong knowledge of accounting principles and inventory valuation methods (e.g., FIFO / weighted average—based on company policy).
- Proficiency in accounting systems/ERP and Microsoft Office, with strong Excel skills.
- Strong analytical, organizational, and problem-solving skills with high attention to detail.
- Ability to collaborate effectively with cross-functional teams (procurement, inventory control/warehouse, and finance).
- Commitment to accuracy and adherence to policies, controls, and applicable accounting standards (IFRS/GAAP as required).
