Description
Summary:
This role involves maintaining accurate inventory records, monitoring production costs, managing stock control, preparing accounting reports, and ensuring internal control compliance.
Highlights:
1. Maintain accurate inventory records and perform reconciliations
2. Monitor production variances and support product costing
3. Coordinate cycle counts and recommend inventory write-offs
**DUTIES AND RESPONSIBLITIES**
**Inventory Accounting**
* Maintain accurate inventory records in the ERP system.
* Record and verify all inventory transactions, including receipts, issues, transfers, returns, and adjustments.
* Ensure proper accounting treatment for raw materials, WIP, finished goods, consumables, and spare parts.
* Perform daily, weekly, and monthly inventory reconciliations between physical stock and ERP records.
**Production \& Cost Control**
* Monitor material consumption against approved Bills of Materials.
* Verify production orders and inventory transactions generated by the production department.
* Monitor production variances and investigate abnormal material usage.
* Support product costing and standard cost updates.
* Assist in calculating manufacturing costs and inventory valuation.
**Stock Control**
* Coordinate monthly cycle counts and annual physical inventory.
* Investigate inventory shortages, overages, and stock variances.
* Monitor slow\-moving, obsolete, damaged, and expired inventory.
* Recommend inventory write\-offs and provisions in accordance with company policy.
**Accounting Reporting**
* Prepare monthly inventory valuation reports.
* Reconcile inventory\-related General Ledger accounts.
* Support month\-end and year\-end financial closing.
* Prepare inventory reports for management and auditors.
**Internal Controls**
* Ensure compliance with inventory control procedures.
* Review warehouse documentation for completeness and accuracy.
* Monitor segregation of duties within inventory processes.
* Recommend improvements to inventory controls and operational efficiency.
* Ensure all inventory transactions are properly authorized.
Job Type: Full\-time
Pay: From QAR7,000\.00 per month
Education:
* Bachelor's (Required)
Experience:
* Accounting: 5 years (Required)
Work Location: In person