Manager, Inventory Accounting
3 days ago
Location: Bangkok, TH, TH, 10260
- Global Business Unit: OTH
- Job Function: Finance
- Requisition Number: 173185
- Description:
**Job Summary**:
Leading and oversee the Central Services for inventory accounting within the organization. This position requires a deep understanding of accounting principles, inventory management, and financial reporting. This position will lead a team to ensure accurate recording, valuation, and reporting of inventory transactions while also implementing best practices to optimize inventory control.
**General Responsibilities**:
- Develop and implement inventory control policies and procedures to ensure accurate recording and tracking of inventory levels, including raw materials, work-in-progress, and finished goods.
- Oversee the preparation and analysis of inventory-related financial reports, including inventory valuation, cost of goods sold (COGS), inventory reserves, inventory movement/turnover and inventory provision.
- Ensure compliance with accounting standards and regulatory requirements related to inventory accounting. Stay abreast of changes in accounting regulations and assess their impact on inventory accounting practices.
- Establish and maintain appropriate inventory valuation methods (e.g., FIFO, LIFO, weighted average) in accordance with accounting policies and industry standards. Monitor inventory valuation adjustments and reconcile inventory accounts.
- Identify opportunities to streamline inventory accounting processes and improve efficiency. Implement automation solutions and leverage technology to enhance accuracy and reduce manual effort.
- Collaborate with cross-functional teams, including operations, procurement, and finance, to ensure alignment between inventory management practices and business objectives. Provide insights and analysis to support decision-making processes.
- Serve as the primary point of contact for internal and external auditors regarding inventory-related inquiries and audit procedures. Prepare audit schedules and documentation to support audit requirements.
- Lead and develop a team of inventory accounting professionals, providing guidance, training, and performance feedback. Foster a culture of accountability, collaboration, and continuous improvement within the team.
**Functional Skills and Knowledge**:
- Strong knowledge in inventory accounting and internal control.
- Knowledge and understanding of the business and industry.
- Demonstrate strong attention to detail and advanced analytical skills.
- Solid understanding of accounting principles and financial concepts.
- Digital savvy and embrace automation.
- Strong proficiencies in Excel and Power Point.
- Fluent in English, both verbal and written
**Education**:
- Master's degree in Accounting, Finance or related fields with CPA preferred.
- Minimum 12 years’ experience of progressive experience in inventory accounting, with a proven track record of leading complex inventory management in a corporate, including managerial roles.
- Solid understanding of inventory management principles, including inventory costing methods and inventory control techniques.
- Proficiency in accounting software systems (e.g., ERP systems) and advanced Microsoft Excel skills.
- Excellent analytical skills and attention to detail, with the ability to interpret complex financial data and identify trends.
- Effective communication and interpersonal skills, with the ability to interact confidently with senior management and cross-functional teams.
- Proven leadership abilities, including the ability to motivate and develop a high-performing team.
- Strong organizational skills and the ability to manage multiple priorities in a fast-paced environment.
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