Virtual Inventory Accountant

Location: Remote
Company: Naukri Mitra
Annual Salary: $68,326

About Naukri Mitra
Naukri Mitra is a trusted recruitment company connecting skilled professionals with innovative organizations worldwide. We focus on finding the perfect match between talent and opportunity, ensuring our clients and candidates enjoy a fulfilling partnership. We are seeking a motivated and skilled Virtual Inventory Accountant for our client. This expanding global enterprise requires someone to assist in maintaining an efficient inventory accounting system.

Position Overview
We seek a highly organized and detail-oriented Virtual Inventory Accountant to oversee the accounting, analysis, and reporting of inventory-related activities for our client's business operations. The Virtual Inventory Accountant will support the company's financial health by managing inventory, optimizing the process, reducing discrepancies, and providing timely and insightful reports. This role is ideal for someone who thrives in a dynamic and fast-paced environment and is committed to helping our clients maintain accurate financial records while ensuring the highest efficiency in inventory management.

Key Responsibilities

1. Inventory Accounting and Management
   • Maintain and update inventory records to ensure accurate information is reflected in the accounting system.
   • Track and record inventory purchases, returns, and adjustments, reconciling data with the company's financial system.
   • Ensure inventory accounting complies with company standards, industry regulations, and accepted accounting principles.
2. Inventory Analysis and Reporting
   • Prepare regular inventory reports highlighting valuation, turnover rates, and inventory levels.
   • Analyze inventory discrepancies, identify patterns, and collaborate with operations teams to resolve issues.
   • Monitor inventory variances and assist in developing corrective measures to reduce discrepancies.
   • Provide insights and recommendations on improving inventory turnover and minimizing excess or obsolete inventory.
3. Reconciliation
   • Conduct periodic inventory reconciliations to match physical inventory counts to the data recorded in accounting systems.
   • Investigate and resolve discrepancies between physical inventory and records in collaboration with internal teams.
4. Internal Controls and Process Improvement
   • Establish and maintain internal controls to ensure accurate inventory transactions are recorded and the integrity of financial data is preserved.
   • Review current inventory processes and suggest improvements to enhance efficiency and accuracy.
   • Assist in implementing best practices related to inventory control and valuation and contribute to optimizing inventory management software and tools.
5. Financial Collaboration
   • Work closely with other departments, such as purchasing, supply chain, and finance, to ensure alignment in inventory planning, purchasing, and tracking activities.
   • Assist in the month-end and year-end closing processes, providing data on inventory valuation and adjustments to the finance team.
   • Collaborate with auditors and provide the required information related to inventory during audits.
6. Cost Accounting
   • Calculate inventory costs, including cost of goods sold (COGS), inventory write-offs, and other related expenses.
   • Monitor price changes, product costs, and associated variances to maintain accurate financial records.

Qualifications and Skills

• Education: Bachelor's degree in Accounting, Finance, Business Administration, or a related field. CPA or equivalent professional accounting designation is a plus.
• Experience: At least 3-5 years of experience in inventory accounting or a similar role, preferably in a virtual or remote setting.
• Technical Skills:
  • Proficiency in accounting software (e.g., QuickBooks, NetSuite, SAP) and Microsoft Excel for managing large datasets and performing reconciliations.
  • Knowledge of Generally Accepted Accounting Principles (GAAP) and inventory management methodologies.
  • Familiarity with Enterprise Resource Planning (ERP) systems is highly desirable.
• Analytical Skills: Strong ability to analyze inventory data, identify trends, and provide insights to improve inventory management. Experience in calculating the cost of goods sold and monitoring inventory turnover rates is essential.
• Communication Skills: Effective verbal and written communication skills are required to work with various teams and prepare inventory-related reports. Strong interpersonal skills are also necessary for collaborating with purchasing, supply chain, and finance teams.
• Organizational Skills: Highly organized with the ability to prioritize tasks and manage multiple responsibilities. Strong attention to detail to ensure accurate inventory records and financial data.
• Problem Solving: Ability to troubleshoot discrepancies, identify root causes, and provide corrective measures to prevent recurrence.
• Self-motivation: A proactive individual who works independently, sets deadlines, and achieves goals without close supervision in a virtual environment.
• Team Collaboration: Capable of working effectively within a remote team, taking part in video conferences, providing reports and updates, and ensuring team alignment on inventory management goals.

Why Join Us?

• Remote Work: Enjoy the benefits of working remotely, with flexible hours allowing an excellent work-life balance.
• Career Growth: Join a growing company that values talent and supports the professional development of its team members. There are opportunities for learning, development, and taking on increased responsibilities.
• Innovative Environment: Work with a creative, forward-thinking team that values creativity and improvement.
• Supportive Company Culture: Join a team where your ideas, contributions, and dedication are appreciated and acknowledged. We encourage an inclusive work culture that welcomes diversity and values teamwork.

How to Apply

If you are an experienced accountant with a passion for inventory management and a desire to work in a dynamic and growing environment, we would love to hear from you. Join us at Naukri Mitra, where we match great talent with promising opportunities.

Naukri Mitra is committed to building a diverse and inclusive team. We welcome applicants from all backgrounds and experiences and strive to create a supportive environment where all team members can thrive.