Inventory controller h1.location_city

GENERAL JOB DESCRIPTION

An Inventory Financial Analyst oversees the financial aspects of inventory operations within an organization. By applying strong analytical skills and deep knowledge of inventory processes, this role supports efforts to optimize stock levels, control costs, and enhance supply chain performance.

The Inventory Financial Analyst evaluates inventory data, prepares accurate financial reports, and delivers strategic insights to improve inventory management. This role partners closely with supply chain, logistics, accounting, and leadership teams to interpret trends, forecast needs, and support decisions that drive operational efficiency and profitability.

Essential Job Functions:

• Inventory Data Analysis: Collect, organize, and analyze inventory data from systems, physical counts, and financial records. Identify trends, variances, and key drivers affecting inventory turnover and valuation.
• Reporting and Forecasting: Develop accurate reports and forecasts for inventory levels, movements, and valuation. Present findings to managers using clear visuals like charts, tables, and graphs to support planning and decision-making.
• Cost Control: Monitor inventory-related expenses, analyze variances, and recommend strategies to reduce losses from obsolescence, shrinkage, or excess stock.
• Inventory Valuation: Perform inventory valuation using methods such as FIFO, LIFO, or weighted average. Ensure accuracy for financial statements and audit compliance.
• Optimization Support: Collaborate with supply chain and operations to recommend optimal reorder points, safety stock levels, and replenishment strategies, considering both financial and operational constraints.
• Risk Assessment: Identify risks affecting inventory, such as market changes, supplier reliability, or unforeseen events. Propose mitigation strategies to protect company assets.
• Compliance and Audits: Ensure adherence to accounting standards and company policies through accurate reconciliations. Prepare documentation for audits and internal reviews.
• Process Improvement: Identify inefficiencies in inventory management and propose data-driven improvements to streamline operations and reduce costs.
• Cross-Functional Collaboration: Work closely with accounting, logistics, procurement, and IT teams to ensure data integrity and effective inventory practices.
• Ad Hoc Analysis: Carry out special projects such as evaluating new inventory systems, analyzing the financial impact of inventory changes, or supporting mergers and acquisitions.

EDUCATION, EXPERIENCE & SKILLS

Education:

• Bachelor’s Degree in Finance, Accounting, Supply Chain Management, Business Administration, or related field required.

Required Qualifications:

• Strong understanding of inventory management principles and accounting methodologies.
• Experience with ERP and inventory management systems (such as SAP, Oracle, NetSuite) and advanced proficiency in Excel or similar analytic tools.
• Knowledge of inventory valuation, reporting, and forecasting techniques.
• Excellent communication and presentation skills.
• 5+ years of experience in manufacturing finance, operations, finance, or inventory accounting.

Desired Skills:

• Analytical Thinking: Skilled at translating complex inventory and financial data into actionable insights and recommendations.
• Detailed Orientation: Accurate in handling large datasets and sensitive financial information.
• Problem-Solving: Resourceful in identifying root causes of inventory inefficiencies and developing effective solutions.
• Collaboration: Strong team player with the ability to work effectively across departments to achieve common goals.