Inventory Accountant at GZ Industries

Job responsibilities     

• Participates in month-end closing activities, including analysis of COGM, COGS and inventory journal entries and reconciliation.
• Conducts month-end stock-taking exercise of all inventory items in all our plants and generate stock-count variance report.
•  Make use of physical inventory process in SAP to update all stock-count variances after appropriate approval.
•  Reconciles daily production and materials usage variance with production, QC and PPC team.
• Review actual overhead absorbed into finished products and compare with planned overhead monthly.
• Drives cost roll-up in the system whenever the bill of materials is updated, new products are introduced or when there is change in the components of the bill of materials.
• Monitors all inventory prices in material ledger and reports any abnormality.
• Creates internal order for CAPEX related items and subsequent settlement at month-end.
• Partners with financial planning & analysis and operations teams to coordinate budgeting and forecasting, including materials, labour and overhead expense forecasting, standard cost setting, etc.
• Review all inventory general ledgers on regular basis and report any exception.
• Assists in annual standard cost planning for inventory, labour and overheads.
• Drives continuous improvement through trend reporting analysis and metrics management
• Maintains and improves processes and controls associated with manufacturing costs and inventory valuation.
• Prepares maintenance cost report monthly.
• Other tasks may be assigned.

Job requirement

• HND/BSc in Accounting.
• Good knowledge of SAP.
• Advanced Excel knowledge.
• Good knowledge of production accounting.
• Excellent communication skills.
• Minimum of 5 years relevant experience.
• Manufacturing experience is required.