Inventory Accountant

5 days ago

القاهرة, Egypt Insharo Consulting Full time

**Overview**

We are a dynamic and innovative company specializing in Business Consulting and Digital Solutions that partners and in-house projects with organizations to achieve growth, efficiency, and sustainable success. With a team of highly experienced professionals, we provide strategic guidance and practical solutions to help our clients overcome challenges and seize opportunities in today's dynamic business landscape. As part of our commitment to financial excellence, we are currently seeking a skilled and detail-oriented Inventory Accountant to join our team in Egypt. As an Inventory Accountant, you will play a crucial role in ensuring the accuracy and compliance of our client's financial records, processes, and controls.

**Values**

At Insharo, we value professionalism, positive teamwork, and fast learning attitudes. Insharo is an environment that encourages open learning as well as a thinking outside-the-box mentality that consequently offers space for creativity and talent.

**Responsibilities**:
**Inventory Accounting Responsibilities**
- Manage and reconcile inventory accounts, ensuring accurate recording of inventory costs, including purchases, returns, and adjustments.
- Monitor inventory movements and conduct regular inventory counts to verify physical stock aligns with accounting records.
- Record and adjust for inventory shrinkage, obsolescence, and damaged goods.
- Prepare and analyze inventory-related journal entries, including cost of goods sold (COGS) calculations.
- Maintain and update inventory valuation methods (FIFO, LIFO, or weighted average) to ensure compliance with company policies and accounting standards.
- Collaborate with operations and supply chain teams to ensure proper tracking of stock and timely reporting of inventory discrepancies.
- Generate and analyze inventory turnover ratios and other key performance indicators (KPIs) to support financial decision-making.
- Prepare inventory schedules for monthly, quarterly, and year-end reporting.
- Support audits by providing detailed inventory documentation and reconciliations.

**General Accounting**
- Support the team in managing cash and bank book entries, ensuring a clear understanding of the differences between cash and accrual basis of accounting.
- Assist in performing bank reconciliations using Excel, helping to verify the correct starting balance and ensuring that discrepancies are resolved.
- Help record general entries, including sales with discounts, and assist in reconciling discrepancies between expected and actual payments.
- Work with the team to prepare and analyze entries related to assets, liabilities, and capital accounts, ensuring all data is compiled accurately.
- Help maintain accurate records by entering financial transaction details and ensuring that all documents are properly accounted for.
- Collaborate with the team in analyzing accounting options and assisting with recommendations for financial actions.
- Support the team in collecting data and preparing financial reports such as balance sheets, profit and loss statements, and other necessary documents to summarize the company's current financial status.
- Help audit financial transactions, substantiating documents and ensuring compliance with accounting policies.
- Work with the team to assist in maintaining accounting controls by preparing and recommending policies and procedures that align with company standards.
- Assist in guiding and coordinating accounting clerical staff by answering questions and helping them with daily tasks.
- Help reconcile any financial discrepancies by collecting and analyzing relevant account information.
- Assist in securing financial information by performing necessary database backups and ensuring information is properly protected.
- Support the team by verifying, allocating, posting, and reconciling transactions, ensuring all entries are accurate.
- Help in producing and reviewing error-free accounting reports, ensuring that results are presented clearly and accurately.
- Work alongside the team to analyze financial information and summarize the company’s financial status to inform decision-making.
- Assist in reviewing accounting systems and recommending improvements or modifications to enhance the accuracy and efficiency of financial procedures.
- Collaborate with the team in setting financial standards and assisting in the forecasting process to ensure effective financial planning.
- Support the preparation of financial statements and budgets according to company timelines and goals.
- Assist in the coordination and preparation for internal and external audits to ensure compliance with financial regulations.
- Assist in planning, assigning, and reviewing the work of staff, ensuring tasks are completed efficiently and accurately.
- Help support the team during month-end and year-end close processes by ensuring that all financial data is properly recorded and reviewed.
- Assist in developing, documenting, and

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