Inventory Accountant

3 weeks ago

London, Greater London, United Kingdom Octopus Energy Full time
Drive the Global Renewable Energy Revolution

At Octopus Energy, we're on a mission to make a big green dent in the universe. As an Inventory Accountant, you'll play a crucial role in our journey by taking full ownership of the accounting and financial management of inventory, including warehouse and van stock. Your expertise will ensure accurate tracking and reporting of inventory balances and movements, conduct regular inventory reconciliations, and identify discrepancies for timely resolution.

Key Responsibilities
  • 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.

Requirements
  • 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.

Join Our Team
At Octopus Energy, we're committed to creating an inclusive and diverse work environment where everyone feels valued and empowered to contribute their best work. If you're passionate about making a difference in the renewable energy sector and have the skills and experience we're looking for, we'd love to hear from you.

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