Inventory Accountant Job In Kuwait

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Description

A reputed company is looking to fill the following local positions, preferably with candidates from a construction background:
________________________________________Job Title: Inventory Accountant (Oracle ERP)
Department: Finance / Supply Chain
Reports To: Finance Manager
Employment Type: Full-Time
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Job Summary:
The Inventory Accountant is responsible for managing and analyzing inventory transactions, valuations, and reconciliations within the Oracle ERP system. This role ensures the accuracy of inventory-related financial
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Key Responsibilities:
1. Inventory Accounting & Reconciliation
• Monitor and reconcile inventory sub-ledger (Oracle Inventory Module) to the general ledger (Oracle GL).
• Perform month-end and year-end inventory close activities in Oracle.
• Validate inventory valuation, including standard vs. actual cost variances, internal controls.
• Use Oracle modules such as Inventory (INV), Cost Management (CST), and General Ledger (GL).
• Review and maintain item master data, cost setup, and inventory transaction accuracy.
• Assist with Oracle inventory-related system upgrades, and data migration when required.
• Analyze inventory transactions (receipts, issues, transfers, and adjustments) and ensure proper accounting treatment.
• Track inventory in various locations (e.g., warehouse, consignment, in-transit).
• Maintain and analyze standard cost data in Oracle Cost Management.
• Perform cost rollups and simulate new cost scenarios.
• Work with operations and supply chain teams to ensure cost accuracy.
• Prepare inventory schedules and supporting documentation for internal and external audits.
• internal controls, and company policies.
• Support cycle counts and physical inventory counts; reconcile count results.
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2. Reporting & Analysis
• Generate inventory valuation reports, cost variance reports, and usage analysis using Oracle BI or standard reports.
• Preparing Inventory Reports of Movements, stock Balances, check and validation of item control points.

• Provide insights into slow-moving, obsolete, or excess inventory and recommend provisions.
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3. Qualifications and Skills:
• Bachelor’s degree in Accounting, Finance, or related field.
• 5+ years’ experience in inventory or cost accounting.
• Proficiency in Oracle ERP (especially Inventory and Cost Management modules).
• Strong Excel and analytical skills.

Interested candidates are requested to forward their CVs to:
Please mention the position title in the email subject line.

Basic Details

Location : Sulaibiya , Kuwait

Qualification :

Posted : 3 months ago

Job Type : Full-Time

Company : Kuwait Jobs

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