As an Accountant Executive (Inventory) ensuring the inventory and COGS are recorded correctly and resolving discrepancies with the vendors in an efficient and effective manner.

Your responsibilities

Clear GRN Clearing Account to Price variance GL

• Matching standard GRN vs Actual GRN and the variance between standard vs actual going to COGS

Clear Standard Import Duty vs Actual import duty to Other consumable by JV & Clear Standard Freight charge vs Actual Freight charge to Freight &handling (Trade) 
 

• Matching standard Import duty and freight charge vs Actual import duty and freight charge and  the variance between standard vs actual going to COGS

Annual stock count;

• Attend annual stock take of all store
• Coordinate with Auditor and outsourced vendor to schedule stock count
• Follow up stock adjust form and follow up MIS adjust stock count variance in SAP
• Make stock count variance report and calculate Vat of stock count variance to submit to the Revenue department And to prepare any others required document related to stock count.
• Analysis report
• Liaise with SM and prepare the necessary  document so that the Store Manager can submit to police in respect stock count lost

Costing Sheet

• The stocks are maintained on a standard costing where a certain mark up for custom and freight are included in the purchase order.
• Quarterly review of the actual custom and freight charges on all goods received against the standard mark-up for the purpose of ensuring that the stocks are fairly stated at cost.
• Ensure the costing rate is updated as per schedule

Stock adjustment

• Finance will be responsible to review quantity and transaction stock adjustment and make report
• Follow MIS to  adjust inventory as requested by store personnel via e-mail.

Report

• Follow with MIS to ensure that Finance receives all month end Inventory report by location on 1st of each month.  and cross check against the summary inventory report with GL in SAP and table the monthly Aged stock summary report by store
• Prepare monthly Stock Turnover report
• Liaise with H&M Global for any stop order after received action from Logistics.
• Compile the monthly report in respect to goods given to influencer and brand ambassadors.

knowledge and skills

• Degree in Accounting
• 4-5 years experiences in accounting controller, costing controller, costing accountant, accounting AR, accounting AP related with inventory or logistics industry
• Knowledge of general accounting principles, regulatory standards and compliance requirements, and inventory
• Conversant in MS office and knowledge of SAP is preferred
• Good English communication (both spoken and written)
• Good analytical, problem solving and decision making skills
• Able to work under pressure
• Demonstrates a sense of urgency and ability to meet deadlines
• Ability to work independently or as a team member