Inventory Accountant

Position Summary

This role is responsible for overseeing inventory accounting and remittance processing. The ideal candidate will ensure precise inventory records, timely reconciliation of stock, and proper handling of remittance collections and deposits. This position requires strong analytical abilities and the capacity to work cross-functionally with operations, logistics, and finance teams. Your contributions will directly impact the company's financial health and compliance.

Key Responsibilities


Maintain accurate records of inventory transactions, including acquisitions, transfers, adjustments, and disposals.
Conduct regular reconciliation between physical stock and system records.
Assist with periodic inventory counts (cycle and physical) and investigate discrepancies.
Collaborate with warehouse and procurement teams to ensure inventory accuracy and control.
Track and record all cash, bank, and electronic remittances from sales, branches, or agents.
Reconcile daily remittances against sales and deposit records.
Examine and resolve remittance discrepancies or delays with internal teams or external partners.
Keep remittance logs and prepare reports for finance and audit purposes.
Ensure adherence to statutory and regulatory requirements related to inventory, taxation, and reporting.
Support the development and implementation of inventory-related internal controls and risk mitigation strategies.
Create journal entries and account reconciliations related to inventory and compliance activities.
Compile and submit compliance reports to management and regulatory authorities, as required.
Suggest and implement process improvements to enhance accuracy and efficiency.


Candidate Profile


Bachelor's degree in Accounting, Finance, or a related field.
Professional qualification is an advantage
4–6 years of experience in accounting, preferably with exposure to inventory and compliance and remittance handling.
Experience in retail, distribution, FMCG, or logistics sectors (preferred).
Solid understanding of accounting principles (GAAP/IFRS).
Proficiency in Microsoft Excel (pivot tables, lookups, etc.).
Experience with ERP or accounting software (e.g., SAP, Oracle, QuickBooks, NetSuite).
Strong attention to detail and accuracy.
Excellent analytical and problem-solving skills.
Effective organizational and communication skills.