Finance Assistant Inventory job at Dei BioPharma Ltd | Apply Now

Key Responsibilities:

• Maintain accurate records of inventory transactions, including receipts, issues, transfers, and adjustments, ensuring they are properly reflected in the accounting system.

• Update inventory data in the system based on warehouse reports, delivery notes, and other relevant documents.

• Monitor inventory levels across locations and report discrepancies or shortages to the Inventory Accountant.

• Assist in the regular reconciliation of physical stock against system records to identify discrepancies and ensure inventory accuracy.

• Work with warehouse staff to investigate and resolve variances between actual stock and recorded stock levels.

• Conduct cycle counts and support the finance team in planning and executing periodic physical stock counts.

• Enter inventory-related transactions accurately in the accounting and inventory management systems, including stock receipts, adjustments, and returns.

• Prepare inventory reports, such as inventory valuation, stock aging, and stock movement reports, for management review.

• Assist in generating monthly and quarterly inventory reports, ensuring data integrity and timeliness.

• Support the calculation and recording of inventory costs, ensuring accurate valuation based on FIFO, LIFO, or weighted average costing methods as applicable.

• Assist the Inventory Accountant in tracking cost changes, including freight, taxes, and adjustments that impact inventory valuation.

• Ensure accurate record-keeping of inventory cost adjustments and analyze cost variance trends.

• Assist with the month-end and year-end inventory closing processes, ensuring that inventory records and reports are accurate and complete.

• Prepare supporting documents and schedules for internal and external audits related to inventory.

• Reconcile inventory accounts with the general ledger as part of the monthly closing activities.

• Ensure adherence to company policies and internal controls related to inventory management and financial reporting.Participate in the documentation of inventory processes, suggesting improvements to enhance efficiency and accuracy.

• Maintain confidentiality of inventory records and ensure compliance with regulatory and internal requirements for inventory accounting.

• Work closely with warehouse, procurement, and production teams to ensure accurate and timely recording of inventory movements.

• Coordinate with suppliers and procurement to resolve discrepancies in inventory receipts and purchase orders.

• Collaborate with the finance team to support budgeting and forecasting related to inventory levels.