Senior Cost Accountant

Inventory Costing 

Daily Tasks:

• Receive and review documents related to inventory shipments provided by purchasing and warehouse department, check the validity of documents and resolve any issues with the purchasing if necessary.
• Review Pre-Pricing of inventory prior to posting by Purchasing – matching pro-forma invoice amount, validation of missing and shortages, compliance to standard brand margins, 
• Journal entry posting of inventory overhead invoice and cost allocation assignment per inventory shipment.
• Review daily posting of inventory transfer in and out movement between shops and warehouse.
• Random visits in warehouse to investigate and document inventory missing and shipment shortages.

Monthly Tasks:

• Journal entry posting of Inventory shipment receipt 
• Journal entry posting of Cost of Goods Sold, Damages, Missing Items and Promotions.
• Reconciliation of ending inventory account GL versus SL balances.

Preparation of monthly inventory related reports:

• Inventory movement summary
• COGS performance analysis report per unit cost basis and sales mix.
• Non-moving and slow-moving SKU’s per brand.
• Define and update existing policies and procedures for all cost accounting and inventory activities.
• Coordinate and lead the IT team on building and resolving cost accounting/cogs related system issues
• Responsible for month-end close in cost accounting areas including review of related account reconciliations
• Ability to interface with external or internal auditors and lead/assist in external audit reviews in cast accounting related aspects including Inventory valuations.
• Take ownership in accounting or management related cost accounting projects as necessary.
• Have practical in depth knowledge and able to build the inventory and cost accounting methodology in order to better align processes
• Develop metrics and tracking system for major cost drivers in COGS
• Responsible for overseeing monthly inventory and COGS analysis for reasonableness and accuracy with the ability to investigate and explain any issues to senior management

CAPEX (Fixed Asset) Bookkeeping

Daily Tasks: 

• Identify all the monthly expenditures that should be capitalized into fixed asset. Determine also the department or location where the asset will be installed and used.   
• Journal entry posting of fixed asset acquisitions.
• Journal entry posting of work in-progress for all on-going projects.
• Fixed asset tagging for every asset acquired according by department and employee custodian. 
• Manually update Fixed Asset Register (in excel) for new acquisition of fixed assets, major refurbishing and repairs of existing tangible asset, disposal and sale of fixed assets. 
• Conduct random count of fixed asset for physical existence. 

Monthly Tasks:

• Match the G/L ledger balance against Fixed Asset Register (S/L) total for Fixed Asset and accumulated Depreciation account, reconcile both balance if difference is noted.
• Perform and calculate monthly fixed asset depreciation and trade mark amortization only after reconciling the balance of G/L versus FAR.
• Provide a monthly Fixed Asset Register report with an attached G/L balances to the Chief Accountant after posting the depreciation for the month.

Consumables, Garments  & Services Purchasing