Inventory Accountant

Job Overview

We seek a meticulous and accountable Inventory Accountant to oversee all inventory accounting activities, including maintaining stock records, processing purchase and sales entries, reconciliation tasks, and other routine accounting operations.

Key Responsibilities

• Accurately maintain records of inventory, procurement, sales, stock movements, and adjustments.
• Verify and record purchase invoices, sales invoices, credit and debit notes, and other related accounting documents.
• Conduct reconciliation between physical stock and system/book records, investigating any inconsistencies.
• Track inventory flow among warehouses, branches, and various locations.
• Manage monitoring of stock receipts, issues, transfers, returns, and damages.
• Regularly perform stock reconciliations and evaluate inventory valuation.
• Validate purchase orders, Goods Receipt Notes (GRNs), invoices, and associated documentation.
• Collaborate with warehouse and procurement teams to ensure precise inventory records.
• Identify and report on stock shortages, surpluses, negative stock occurrences, and anomalous inventory activities.
• Keep adequate documentation and records to support audit processes.
• Assist in month-end and year-end closing related to inventory and accounts.
• Reconcile vendor accounts and address discrepancies concerning invoices or payments as needed.
• Generate regular reports detailing stock levels, inventory worth, procurement, sales, and any discrepancies.
• Ensure adherence to company accounting standards as well as GST and taxation compliance.
• Support internal and statutory audits by supplying necessary inventory and accounting documentation.
• Guarantee timely and accurate data input into accounting or ERP systems.

Qualifications & Experience

• Bachelor’s degree in Commerce, Accounting, Finance, or related discipline.
• Between 2 and 5 years of professional experience in inventory accounting, accounts, or stock management.
• Sound understanding of inventory accounting principles and reconciliation processes.
• Working knowledge of GST, purchase/sales accounting, and fundamental taxation norms.
• Proficient with MS Excel features such as VLOOKUP/XLOOKUP, Pivot Tables, SUMIFS, and basic data analysis techniques.
• Experience with Tally, ERP, or other accounting and inventory management software.
• Strong numerical aptitude and analytical abilities.
• Exceptional attention to detail and accuracy in record-keeping.
• Capable of identifying discrepancies and effectively resolving them.
• Good communication skills and ability to coordinate with cross-functional teams.

Preferred Industry Experience

Familiarity with the marble, granite, tiles, building materials, manufacturing, trading, or warehouse sectors is advantageous.

Performance Indicators

• Maintaining accurate inventory records.
• Timeliness in recording purchases and inventory transactions.
• Precision in stock reconciliation activities.
• Reduction of discrepancies in stock levels.
• Prompt completion of monthly inventory closing procedures.
• Ensuring all documentation is audit-ready.

Compensation & Opportunities

• Competitive monthly salary ranging from 12,000 to 18,000 INR based on experience and skills.
• Chance to contribute to a growing organization.
• Exposure to key facets of accounting, inventory control, and business operations.
• Potential growth prospects contingent on performance.