Inventory Accountant

Doveriye · Hyderabad, India

Key Responsibilities

Inventory Management (RM,PM & FG)

• Manage end-to-end accounting of Raw Material (RM) and Packing Material (PM) and Finished Goods inventory.
• Record inward and outward inventory transactions accurately in Tally ERP/Unicommerce.
• Verify Goods Receipt Notes (GRNs), material issues, production consumption, and stock transfers.
• Reconcile physical inventory with book stock and investigate discrepancies.
• Monitor inventory valuation and ensure accurate closing stock records.
• Coordinate with Stores, Production, Procurement, and Finance teams for inventory accuracy.
• Preparation of Month end reports like Raw Material & Packing Material consumption throughout the month without any errors and submitting the closing stock like Finished goods/Raw Material/Packing Material.
• Preparation of COGS Report every month
• Ensure proper accounting of expired, damaged, rejected, and returned materials.
• Verify material consumption against production records.
• Reconcile production batches with inventory consumption.
• Support costing activities by validating raw material and packing material consumption.
• Monitor production-related inventory adjustments and stock movements.
• Assist in preparation of inventory MIS and monthly stock reports.

Statutory Compliance

• GST Knowledge is added advantage
• TDS Knowledge is added advantage

Required Skills & Knowledge

• Strong hands-on experience in Tally ERP.
• Excellent knowledge of bookkeeping and accounting principles.
• Expertise in Raw Material (RM) and Packing Material (PM) inventory management.
• Experience in inventory reconciliation and stock accounting.
• Good proficiency in Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, SUMIFS, and basic reporting).
• Good communication and coordination skills.
• Knowledge of GST, TDS, and statutory compliance.
• Strong analytical, problem-solving, and reconciliation skills.

Qualification

• Bachelor’s Degree in Commerce (B.Com) or equivalent.
• CA Inter / CMA Inter will be an added advantage.

Experience

• 5–8 years of relevant experience in Accounts & Finance.
• Experience in manufacturing, FMCG, or inventory-driven industries is preferred.
• Hands-on experience in managing RM & PM inventory accounting is mandatory