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Inventory and Financial Accountant

2 months ago


Slough, Slough, United Kingdom Parkside Recruitment Full time
Job Description

We are seeking an experienced Inventory and Revenue Accountant to join our team at Parkside Recruitment. As an integral part of our UK finance team, you will play a crucial role in managing the day-to-day financial activities related to inventory control and reporting of cost of sales.

Key Responsibilities:

  • Inventory Management
    • Responsible for the valuation and reconciliation of group inventories in line with IFRS requirements and consolidation of financial statements (IFRS and UK GAAP) for UK filing purposes
    • Reviews and analyses landed costs to ensure that inventory is valued accurately (on a product, SKU and location basis) in accordance with IFRS
    • Leads the financial audit in relation to stock checks and inventory reconciliation. Responsible to implement audit recommendations
  • Reporting
    • All reporting requirements related to inventory and cost of sales
    • Monthly inventory analysis (levels and changes)
    • Manufacturing cost variance analysis
  • Cost Accounting
    • Monthly update of standard costs in the bill of materials
    • Review standard and actual costs for inaccuracies
    • Validate the cost of goods sold as part of the month-end close
    • Accumulate and apply overhead costs, as required, by using robust accounting principles
  • Reconciliations
    • Reconciliation of balance sheet for areas in scope, including inventory
    • Responsible for reconciliations and stock checks of components, WIP, semi-finished goods and finished goods
    • Calculation of stock provisions
    • Making true-up and revaluation adjustments to ensure that bulk supplied from OPC is valued in accordance with transfer pricing policy
  • Central Distribution Hub Accounting
    • Accounting for stock movements between packaging plants and Arvato and from Arvato to customers
    • Reconciling stock movements at the packaging plants and Arvato
    • Reconciling stock movements with sales transactions at Arvato
    • Monitoring, reconciling and resolving discrepancies with Arvato on a regular basis during the month
  • Controls
    • Responsible for ensuring controls over inventory are robust and movements are recorded accurately

Requirements

  • Qualified Accountant (ACCA, CIMA), preferably with a relevant Finance or Accounting degree
  • Broad Finance and Accounting experience with operational business experience
  • Previous experience with inventory management and standard costing preferred

Technical Skills & Experience

  • Advanced level in MS Office packages, integrated accounting systems including SAP and related transactional, report generating software and experience managing data (both batch control and financial)
  • Proven ability to process high volumes of data rapidly and operate routine workflows and processes
  • Understands what constitutes good internal control and governance
  • Broad and in-depth Finance knowledge with the ability to communicate financial information clearly to individuals with limited finance knowledge and provide definitive financial advice