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Supplier - Inventory Reconciliation Specialist

Company Name Confidential

Keywords / Skills : Supply Chain, Inventory, Inventory Reconciliation, Supplier, Inventory specialist Cost Accountant, Inventory Control

2 - 4 years
Posted: 2018-11-29

Job Description
Supplier/Inventory Reconciliation Specialist – Retail

Department: Supply Chain/Inventory 
No of position: 1

Salary Scale: AED 4000 to 6000 (Please Display)

General Purpose:

The Inventory Reconciliation Specialist is a key member Inventory Control and Accuracy team. This position must handle multiple assignments in a rapidly changing, fast paced environment with frequent direct interaction with senior management.

Essential Duties and responsibilities:

-Responsible for closely monitoring inventory systems and working with business partners to resolve inventory concerns.

-Respond to business partner requests for assistance by checking physical on-hand inventory, compare to system and communicate issues affecting inventory.

-Research discrepant inventory and physically search for lost/misplaced inventory.

-Comply with and support the health, safety, and environmental programs, policies and procedures set by the company.

-Responsible for Inventory Control activities including inventory system research and analysis, cycle counting, internal audits and corrective action for inventory count discrepancies.

-Reconciling inventory accounts to the general ledger and preparing monthly entries as needed.

-Developing inventory analysis reports and analyzing variances

-Assisting in the improvement in internal controls related to inventory.

-Prepare, generate, and file financial inventory reports; review reports monthly with management

-Maintain updated and accurate records of inventory, including transfers and cycle counts.

-Review documentation and monitor product codes to search for discrepancies

-Track rates of accuracy, purchase and return as well as defective items to inform quality control decisions

-Nurture positive relationships with suppliers

-Special projects and responsibilities as assigned by their manager as required.

-Must maintain confidentiality concerning all company related processes and matters.

-Verifies clerical computations against physical count of stock and adjusts errors in computation or count or investigates and reports reasons for discrepancies.

-Provide timely and accurate response to internal and external teams specific to required counts, balance on-hand and analysis. Initiate communication to resolve errors.

-Perform system adjustments as required and analyze for root cause. Initiate subsequent corrective action.

-Coordinate physical stock count activity. Maintain accurate records of all audits, counts, adjustments, and analysis.


Job Qualifications:

Knowledge, Skills, and Abilities

-2-4 years of experience as an Inventory specialist or Cost Accountant preferred.

-Must be able to communicate effectively, orally and written.

-Bachelor’s Degree in Finance or Accounting required.

-Basic knowledge of accounting and auditing principles and practices.

-Must be able to prepare a variety of reports and analyses.

-Knowledge of ERP system, MS Excel, and other Microsoft tools.

-Must have good inter-personal skills and the ability to work effectively with others.

-Knowledge of modern office practices, procedures, methods, and equipment.

Compensation

-AED 5000 K depending on the skill set & expertise



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