Senior Inventory Accountant

Overview

This vacancy is offered on behalf of a partner company based in Germany seeking a Senior Inventory Accountant. The role offers a dynamic opportunity to lead inventory reporting and costing in a vibrant, multinational setting. Positioned at the intersection of finance, operations, and supply chain, this role plays a crucial part in ensuring accurate financial accounting, reinforcing internal controls, and enhancing inventory processes across various sites. Collaborating closely with diverse teams, you will convert detailed inventory data into actionable financial insights, supporting ongoing operational improvements and strategic growth plans.

Key Responsibilities

• Handle inventory-related financial reporting efforts on a monthly, quarterly, and annual basis, including cost of goods sold (COGS) and stock valuations to maintain thorough, precise documentation.
• Develop and audit intricate accounting entries such as adjustments for standard costs, analyses of purchase price variances, and provisions for slow-moving or obsolete stock.
• Perform reconciliations between physical inventory counts, warehouse management systems, sub-ledger data, and ERP financial records, proactively identifying and addressing any inconsistencies.
• Lead and optimize regular cycle counts and coordinate yearly inventory verifications with operational teams and external auditors.
• Oversee inventory costing strategies like standard costing, FIFO, or average costing methods and offer suggestions to enhance margin outcomes.
• Support finalization of monthly and yearly financial close processes, ensuring timely resolution of inventory-related cut-off and reporting matters.
• Act as the main liaison for inventory audits by compiling comprehensive documentation and managing external auditor interactions.
• Design, assess, and refine internal controls and financial workflows to boost operational effectiveness, minimize risks, and enhance governance standards.

Core Requirements

• Hold a professional accounting qualification such as ACCA, ACA, or an equivalent credential.
• Demonstrate solid experience in inventory accounting within sectors like manufacturing, retail, distribution, or similarly intricate operational environments.
• Possess deep knowledge of IFRS and local GAAP requirements concerning inventory valuation, notably IAS 2 standards.
• Have proven expertise managing comprehensive inventory accounting processes, including provisioning for slow-moving stock, purchase price variance assessments, costing methodologies, and reconciliations across multiple locations.
• Exhibit advanced proficiency in ERP systems such as SAP, Oracle, NetSuite, or their equivalents.
• Strong data analysis and Excel skills, capable of handling extensive and complex datasets effectively.
• Excellent communication aptitude, enabling clear financial information delivery to cross-functional teams including operations, procurement, and logistics.
• Ability to manage competing priorities and meet stringent reporting deadlines with high-quality results.
• Additional experience with ERP rollouts, automation, robotic process automation (RPA), VBA, Python scripting, multi-entity accounting environments, foreign exchange accounting, or process optimization is advantageous.

Benefits

• Attractive remuneration package combined with participation in a virtual stock option plan (VSOP).
• Relocation assistance covering financial support and temporary housing arrangements.
• Annual budget allocated for learning and professional development.
• Comprehensive health and wellness offerings, including gym membership subsidies and mental health support resources.
• Regular company gatherings and monthly social event allowances.
• Enhanced parental leave policies with fully paid leave options for both primary and secondary caregivers.
• Family-oriented policies offering paid emergency leave and flexible remote work during pregnancy and return-to-work phases.
• Work within an innovative, mission-driven organization that encourages ownership and impactful contributions.

Additional Information

This opportunity is managed by a partner firm who directly oversee applications and subsequent recruitment steps. Applicants' personal data will be handled in compliance with data protection regulations, including GDPR, with AI-assisted tools aiding recruitment decisions but not substituting human judgment. Final selection decisions are made by human recruiters.