Curia
Location
Secunderabad | India
Job description
1. The Inventory Accounting Specialist is responsible for performing the following tasks related to period close:
· Executing period close jobs/procedures in ERP such as standard cost rollup, period close, subledger accounting (SLA), purchasing, etc.
· Perform accounting edit checks & diagnostics to identify, analyze, and clear any errors that are preventing period close
· Reconcile inventory subledger and the walk to the ending value in the general ledger at the item-lot level
· Prepare and record capitalization & amortization adjustments for purchasing and manufacturing variances
· Perform monthly reserve analysis and adjustments
· Calculate monthly ASC 606 inventory derecognition adjustments
2. The Inventory Accounting Specialist is responsible for performing the following tasks outside of period close:
· Reconcile and record surplus/deficit related to the annual physical inventory counts
· Prepare and summarize detailed roll forward/rollback of physical inventory count to year-end.
· Support internal/external audit requests
· Support efforts to improve or modify system accounting logic/mapping
· Monitor and test inventory processes and methodologies to ensure compliance with company accounting policies
· Perform periodic inventory forecasts
· Support the annual standards update
· Maintain and improve existing reporting and the development of new reporting.
3. Responsible for actively supporting close acceleration initiatives that achieve and maintain a maximum 4-day close cycle.
4. Support the general accounting element of strategic business initiatives and transactions, including mergers and acquisitions and the related due diligence and integration activities, as needed.
5. Provide support for special projects on an as needed basis
Education and/or Experience
· B.COM or any other Graduate degree in accounting or equivalent experience.
· 7+ years of accounting experience – inventory accounting / cost accounting highly preferred
· Enterprise software experience required, SAP or Oracle experience required
· Management of diverse data population – good organizational skills
· Ability to interact with various levels of employees, customers and vendors
Job tags
Salary
