Inventory Accountant

4 weeks ago


Rickmansworth, Hertfordshire, United Kingdom Andretti Cadillac Full time
Job Title: Inventory Accountant

We are seeking an experienced Inventory Accountant to join our team at Andretti Cadillac. As an Inventory Accountant, you will be responsible for managing and controlling inventory for our organization.

Key Responsibilities:
  • Design and implement the inventory process across the UK organization of both internally manufactured and externally manufactured parts.
  • Manage the inventory accounting process, including tracking and recording inventory transactions.
  • Perform regular inventory reconciliations and ensure accuracy of inventory records.
  • Analyze inventory variations and investigate any discrepancies.
  • Prepare inventory reports and provide analysis to management.
  • Collaborate with the operations team to ensure accurate inventory levels and effective inventory management.
  • Work closely with procurement team to ensure proper valuation and costing of inventory.
  • Ensure compliance with inventory control processes and procedures.
  • Support month-end and year-end close processes as related to inventory.
  • Assist with providing documentation and support for external auditors.
  • Support in the preparation of the Formula One Financial Regulations Inventory data.
  • Coordinate physical inventory counts and audits.
  • Identify opportunities for process improvements and implement changes to enhance efficiency and accuracy of inventory management.
Requirements:
  • ACA/ACCA Qualified
  • Experience with standard costing
  • Strong understanding of inventory accounting principles and procedures.
  • Experience with inventory management software and systems.
  • Proficient in Microsoft Excel and other accounting tools.
  • Detail-oriented with strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to work collaboratively and effectively with cross-functional teams.
  • Strong organisational and time management skills.
  • Experience in Formula One is preferred but not required.
  • Understanding of US GAAP is a plus.

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