Inventory and Procurement Analyst
Inventory and Procurement Analyst
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Job Description
Summary:
The Inventory and Procurement Analyst will play a vital role within the finance team ensuring the accurate accounting and reporting of inventory costs procurement spending and related transactions. This role requires a strong understanding of inventory costing methods procurement processes and accounting principles. The analyst will collaborate closely with the operations and procurement teams to optimize inventory management and contribute to the companys financial health.
Responsibilities:
Inventory Accounting:
Maintain accurate records of inventory transactions in NetSuite including purchases receipts transfers and adjustments.
Reconcile inventory accounts to ensure accuracy and identify any discrepancies.
Prepare journal entries related to inventory transactions.
Analyze inventory turnover and identify slowmoving or obsolete inventory.
Procurement Accounting:
Review and process purchase orders ensuring proper authorization and compliance with company policies.
Match invoices to purchase orders and receiving reports.
Reconcile vendor statements and resolve any discrepancies.
Analyze procurement spending and identify costsaving opportunities.
Reporting and Analysis:
Prepare regular reports on inventory levels valuation and turnover.
Provide insights to management on inventory and procurement performance.
Assist in the preparation of budgets and forecasts related to inventory and procurement.
Requirements
23 years of experience in accounting with a focus on inventory and procurement.
Bachelors degree in Accounting Finance or a related field.
Strong understanding of inventory costing methods and procurement processes.
Proficiency in Microsoft Excel.
Proficiency in NetSuite preferred.
Excellent analytical and problemsolving skills.
Attention to detail and accuracy.
Ability to work independently and as part of a team
Employment Type
Full Time
