Inventory Accounting Job Description

Job Title: Inventory Accountant

Job Description:

ToyTreasures, a dynamic and thriving business, is seeking a dedicated Inventory Accountant to join our accomplished team. Our ideal candidate will be responsible for overseeing inventory transactions, carrying out regular physical inventory counts, reconciling variances, and preparing financial reports. Your expertise in Inventory Accounting will contribute significantly to our operations, ensuring that our inventory valuation adheres to accounting standards and our financial reports are timely and accurate.

Responsibilities and Duties:

Monitor and record inventory transactions, including purchases, transfers, and disposals.
Conduct regular physical inventory counts and reconcile any discrepancies.
Assure proper valuation of inventory in accordance with accounting standards, such as FIFO and LIFO.
Analyze and report on inventory aging and obsolescence.
Prepare routine and specialized reports including monthly, quarterly, and annual inventory reports.
Assist in the preparation of financial statements, including balance sheets and income statements.
Work in partnership with the accounting team to guarantee accurate calculations in Cost of Goods Sold (COGS).

Qualifications and Skills:

The ideal candidate must possess:

A bachelor’s degree in accounting, Finance, or related field.
Proven experience in inventory accounting or a related area.
Thorough understanding of Generally Accepted Accounting Principles (GAAP).
Proficient in Microsoft Office with excellent Excel skills.
Strong interpersonal and communication skills to effectively liaise with other departments.
A detail-oriented approach with strong analytical, problem-solving, and organizational skills.

Benefits and Perks:

At ToyTreasures we believe in rewarding our employees for their hard work. We offer competitive salary, health insurance, retirement benefits, vacation and holidays. This is a full time, onsite position.

How to Apply:

If this sounds like you, we would like to meet you. Please forward your resume and cover letter to [email protected] . For more information, feel free to call us at 222 555 7777. We look forward to receiving your application.

About the Company:

ToyTreasures is your ultimate destination for all things play and imagination. We curate a vast collection of premium toys, ensuring endless joy and learning opportunities for children of all ages. Our commitment to quality and innovation makes us the go to choose for parents and gift-givers alike. Discover the magic of play with ToyTreasures today!