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Stock Accountant

2 months ago

Abu Dhabi, United Arab Emirates Middle East Group of Companies Full time

Job Description:

- Reviewing purchase orders for accuracy and ensuring that they have been approved by the appropriate department head or manager.
- Calculating cost of goods sold by using methods such as average cost, FIFO, LIFO, or average market price.
- Reporting on inventory levels, costs, and turnover rates to management.
- Verifying inventory counts and recording adjustments to inventory levels for items that have been used, damaged, or lost.
- Calculating cost of goods sold by using methods such as first in first out (FIFO) or last in first out (LIFO).
- Calculating inventory turnover ratios by dividing costs of goods sold by average inventory balances.
- Monitoring inventory levels to ensure they are within acceptable ranges.
- Ensuring that all inventory transaction details are recorded accurately in an accounting system.
- Determining methods for recording inventory transactions such as physical counts, perpetual systems, or estimates based on previous usage rates.

Requirement:

- Bachelor's Degree in Accounting or related field.
- Good communication skills.
- Knowledge and understanding in Inventory Management Principles.
- Proficient in Microsoft Office Applications.
- Excellent problem solving abilities.
- Strong organizational and time management skills.
- Ability to work independently with mínimal supervision

Ability to commute/relocate:

- Abu Dhabi: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- Stock Accountant: 3 years (preferred)

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