Inventory Accountant- Socks Accountant- 12 Months Role

The Inventory Accountant is responsible for managing and reconciling all inventory-related financial transactions to ensure accurate reporting of the company’s assets. This role involves analyzing inventory costs, monitoring stock movements, ensuring proper valuation, and supporting operational teams in maintaining efficient inventory control and cost accounting practices.

Key Responsibilities:

• Inventory Management & Reconciliation
• Record and reconcile all inventory transactions in the general ledger.
• Perform monthly, quarterly, and annual inventory reconciliations between physical counts, sub-ledgers, and financial systems.
• Investigate and resolve inventory variances or discrepancies.
• Cost Accounting
• Maintain accurate standard costs and update them as needed.
• Analyze cost of goods sold (COGS) and identify cost trends or anomalies.
• Assist in preparing and analyzing inventory valuation and margin reports.
• Reporting & Analysis
• Prepare periodic inventory reports for management, including stock aging, obsolescence, and turnover.
• Support budget and forecast processes by providing accurate inventory data and analysis.
• Assist in audit requests related to inventory, including internal and external audits.
• Process Improvement & Controls
• Develop and maintain internal controls over inventory and cost accounting processes.
• Partner with operations, procurement, and warehouse teams to improve accuracy and efficiency in inventory tracking.
• Recommend improvements in systems or procedures to optimize inventory management.

Job Types: Full-time, Contract