Senior Cost Controller & Inventory Accountant

Responsibilities

• Inventory Valuation Accuracy:
  Ensure precise inventory valuation and verify that all associated costs are accurately allocated to specific items.
• Unit Cost Approval:
  Review and approve the unit cost of items prior to posting and updating inventory records.
• Procurement Coordination:
  Coordinate with the Procurement Department to audit prices and review all posted costs.
• GL Reconciliation:
  Monitor inventory movements and ensure stock balances are fully reconciled with the General Ledger (GL).
• Inventory Correction:
  Resolve negative stock balances and address items with zero-cost records to ensure data integrity.
• Turnover Analysis:
  Analyze and report on inventory turnover ratios, while identifying stagnant and slow-moving items.
• COGS Oversight:
  Control the Cost of Goods Sold (COGS) and ensure it is recorded accurately and reflected in financial statements.
• Variance & Margin Analysis:
  Perform variance analysis on costs and profit margins (Actual vs. Expected) per branch, and report findings to the Finance Department.
• Physical Stocktaking:
  Participate in periodic physical counts and analyze discrepancies between system records and actual stock.
• Root Cause Analysis:
  Analyze inventory variances and provide strategic recommendations to address and mitigate the root causes.