Inventory Accountant

England, Bristol
£35000 - £45000 per annum + benefits
12 Oct 2017
01 Nov 2017
Jack Watters
Qualification Level
Fully qualified, Newly qualified
Professional Membership
Contract Type

The Inventory Accountant is an important role within the Supply Chain Function, whose responsibility is the Budgeting, Procurement and Reporting of the Materials and Logistics Expenditure exceeding $130m pa

Client Details

Market leading FMCG and retail brand

  • Preparation of Weekly and Monthly Inventory Reports , by Location/Product Group etc, in GBP and USD, with variances to Plan etc
  • Preparation of Month End Journals relating to Inventory, COGS and other Logistics items, within tight deadlines
  • Review Inventory Transactions in Oracle to ensure accuracy of records - report on any variances or exceptional items
  • Report and monitor Cyclical Counts, investigate large variances. Play a major part in the Full Physical Count Process
  • Undertake Inventory Aging Analysis - review adequacy of provisions for accounting purposes and to assist Management in strategies to reduce Aged Inventory
  • Budget and Report on Materials/Services purchased in respect of Goods for Resale,analysing Variances - study Margins , identify exceptional items and bring to Management's attention
  • Ensure compliance with SOX procedures that impact Inventory - maintaining records of support and highlighting any potential weaknesses or exceptions to Management
  • Budget and Report on Logistics Expenditure - the main items being Freight In , Freight Out and Labour (including Temp Labour needs) - review variances, identify exceptions, continually review and look for Operational savings and efficiencies
  • Provide Decision Support analysis to suport the Logistics, Supply Chain and Sales Teams


  • Preferably possessing a Bachelors Degree in Finance/Accounting and/or relevant background experience in a manufacturing or Distribution Environment
  • Formal Accounting Qualification (ACA/ACCA/CIMA or equivalent) - will consider qualified by experience
  • Strong and proven analytical and problem solving skills
  • Strong Excel skills
  • Experience of Oracle and/or OBIEE an advantage

Job Offer

Competitive basic salary