Finance Inventory Analyst

Job Responsibilities:

• Financial Reporting:

o Prepare and analyze inventory reports for financial statements.

o Ensure accurate inventory valuation and cost of goods sold (COGS) calculations.

o Assist in the preparation of monthly, quarterly, and annual financial reports.

• Inventory Management:

o Monitor and reconcile inventory accounts to ensure accuracy.

o Conduct regular inventory audits and cycle counts.

o Analyze inventory variances and discrepancies and recommend corrective actions.

• Budgeting and Forecasting:

o Collaborate with the finance and operations teams to develop inventory budgets and

forecasts.

o Analyze historical inventory data to support forecasting models.

o Monitor actual inventory levels against forecasts and budgets and provide variance

analysis.

• Process Improvement:

o Identify opportunities to improve inventory management processes and controls.

o Implement best practices for inventory accounting and reporting.

o Develop and maintain standard operating procedures for inventory management within the

finance department.

• Data Analysis:

o Collect and analyze inventory data to identify trends, patterns, and anomalies.

o Utilize data analysis tools to support decision-making and strategic planning.

o Provide insights and recommendations based on data analysis to improve inventory

efficiency and financial performance.

• Compliance and Controls:

o Ensure compliance with internal controls, policies, and procedures related to inventory

management.

o Assist with internal and external audits related to inventory.

o Maintain accurate and complete inventory records in compliance with accounting

standards.

Job Qualifications:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.

• 2-4 years of experience in inventory analysis, accounting, or financial analysis.

• Experience with inventory management systems and financial software (Oracle) is a plus.

• Experience with Excess and Obsolete (E&O) Inventory Management.

• Proficiency in Microsoft Excel and financial analysis tools.

• Strong analytical and problem-solving skills.

• Detail-oriented with strong organizational skills.

• Excellent communication and interpersonal skills.

• Ability to work independently and as part of a team.