AM - Inventory accounting

 Manage month-end inventory close activities, including inventory reconciliations, accruals, journal entries, and inventory-related financial reporting.  Monitor inventory balances and ensure inventory transactions are accurately recorded in compliance with company policies, accounting standards, and internal control requirements.  Perform monthly reconciliations between inventory subledgers and the general ledger, investigating and resolving discrepancies on a timely basis.  Execute inventory cost adjustments, including purchase price variance (PPV) analysis, landed cost allocations, and other inventory costing activities, ensuring appropriate accounting treatment.  Analyze inventory movements, valuation, variances, reserves, and key inventory metrics to identify trends, risks, and opportunities for improvement.  Prepare inventory-related financial reports, balance sheet reconciliations, management analyses, and commentary to support business decision-making.  Assess inventory recoverability and evaluate excess, slow-moving, and obsolete inventory, including the preparation of inventory reserve analyses and recommendations.  Partner with Supply Chain, Procurement, Logistics, and Operations teams to improve inventory management practices, strengthen financial controls, and support inventory governance.  Support physical inventory counts, cycle counts, stock audits, and inventory verification activities to ensure inventory accuracy and integrity.  Prepare audit schedules and supporting documentation for internal and external audits, and assist in the timely resolution of audit inquiries.  Ensure compliance with corporate accounting policies, regulatory requirements, and inventory-related internal controls.  Identify and implement process improvements to enhance inventory accounting accuracy, efficiency, reporting capabilities, and operational effectiveness.  Participate in ERP implementations, system enhancements, business process transformations, and other inventory-related projects. experience 8 working at a client of randstad india

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