Inventory Accountant

3 weeks ago

London, Greater London, United Kingdom Octopus Energy Full time
Join Our Team as a Cost Management Specialist

We're on a mission to drive the global renewable energy revolution, and we're looking for a talented Cost Management Specialist to help us achieve our goal.

About the Role

  • Take full ownership of the accounting and financial management of inventory, including warehouse and van stock.
  • Ensure accurate tracking and reporting of inventory balances and movements.
  • Conduct regular inventory reconciliations, identifying discrepancies and ensuring timely resolution.
  • Develop and maintain standard costing models for inventory budgets and forecasting, ensuring accuracy and relevancy to business needs.
  • Monitor and analyze cost variances related to inventory, working closely with operations to improve cost controls and efficiency.
  • Support the monthly financial close process by preparing journal entries and ensuring the integrity of inventory-related financial statements.
  • Provide detailed reporting and analysis on inventory levels, usage, and cost trends to support decision-making by senior management.
  • Implement and maintain internal controls over inventory processes and systems to ensure compliance with company policies and accounting standards.
  • Liaise with warehouse and logistics teams to improve inventory accuracy and optimize stock levels.
  • Partner with auditors for inventory audits and ensure compliance with financial regulations.
  • Drive continuous improvement in inventory accounting processes and systems to enhance accuracy and efficiency.

What We're Looking For

  • Fully qualified accountant (ACA, ACCA, CIMA, or equivalent).
  • 3-5 years post-qualification experience (PQE) with a focus on cost accounting, inventory management, or similar roles.
  • Strong technical accounting knowledge, particularly in inventory accounting and cost analysis.
  • Experience with ERP/accounting systems and proficient in Excel.
  • Excellent analytical skills with a keen attention to detail.
  • Ability to work independently and manage multiple tasks with tight deadlines.
  • Strong communication and interpersonal skills, with the ability to collaborate effectively across different departments.
  • Previous experience in the energy, manufacturing, or related industry is an advantage but not essential.

We're an equal opportunity employer, committed to providing equal opportunities, an inclusive work environment, and fairness for everyone. If you're passionate about cost management and inventory control, and you're looking for a challenging role in a dynamic company, we'd love to hear from you.

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