SAP Inventory & Costing Accountant (FI Module)

Inventory functionAn inventory accountant is responsible for monitoring and recording all inventory transactions of a company. They ensure the accuracy of inventory numbers, and identify discrepancies in a timely manner. The inventory accountant also conducts audits and prepares reports for management.Key Responsibilities• Record all inventory transactions in the accounting system (allocating freight charges, import tax etc via MIRO function in SAP)• Map local and overseas invoices relating to inventory in SAP• Ensure the accuracy of inventory numbers by monitoring inventory levels, conducting regular audits and reconciliations, and correcting discrepancies.• Prepare inventory reports for management, including inventory valuation, variance analysis, and cost of goods sold.• Analyze inventory trends and identify opportunities for process improvement.• Collaborate with other departments, including purchasing, manufacturing, and sales, to ensure accurate inventory forecasting and planning.• Manage and report on all inventory-related expenses, such as freight and storage costs.• Ensure compliance with Vietnamese Accounting Standards (VAS) and company policies for inventory accounting.Costing functionAs a cost accountant, you will collect, analyse and report on cost accounting data. This includes preparing standard cost reports, monitoring inventory levels, cost comparisons, product costing analysis, tracking variances and making journal entries. You will also collaborate with other departments to ensure accurate budgeting and forecasting processes.Key responsibilities• Investigate discrepancies in financial records and perform month-end close activities, including journal entries and reconciliations.• Conduct regular audits, interpret rules related to accounting practices and ensure compliance with the standard regulations in India.• Ensure accurate classification of expenses under VAS• Research material costs to ensure the accuracy of the information in the company’s accounting system.• Analyse manufacturing costs and prepare periodic reports comparing standard prices to actual production costs.• Participate in physical inventory counts to ensure the accuracy of inventory records.• Monitor the accumulation of all direct labour, overhead and other manufacturing-related expenses.• Check and compare the cost of suppliers, review monthly costs.