Inventory and Revenue Accountant

4 days ago


Slough, Slough, United Kingdom Parkside Recruitment Full time
Job Title: Inventory and Revenue Accountant

Company: Parkside Recruitment

We are seeking an experienced Inventory and Revenue Accountant to join our team at Parkside Recruitment. As an integral part of our finance team, you will be responsible for leading the day-to-day financial activities related to inventory control and reporting of cost of sales.

Key Responsibilities:
  • Preparation of month-end accounts, budgeting & forecasting, balance sheet reconciliations, standard cost calculations and meeting audit and year-end statutory accounting requirements.
  • 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.
  • Monthly inventory analysis (levels and changes), manufacturing cost variance analysis, and 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, and accumulate and apply overhead costs.
  • Work with the materials review board to locate and dispose of obsolete inventory, complete annual inventory revaluations, and reconciliation of balance sheet for areas in scope, including inventory.
  • Accounting for stock movements between packaging plants and Arvato and from Arvato to customers, reconciling stock movements at the packaging plants and Arvato, and reconciling stock movements with sales transactions at Arvato.
  • Monitoring, reconciling and resolving discrepancies with Arvato on a regular basis during the month, and 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.
  • 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.


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