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Urgent Requirement - Inventory Accountant ( Arabs only)

Posted: 29-07-2021
Place: Kuwait
Looking to hire for a leading FMCG distributor in Kuwait.

Job Title: Inventory Accountant/ Supervisor..

Report To: Accounts Officer and over to Finance Manager.

Key Responsibilities

·Performing monthly Brand Wise physical verification of Inventory, in addition to 100% annual Pre audit & Audit physical Inventory verification, analyzing the stock variance and report promptly for further action.

·Performing daily, weekly, monthly surprise physical verification of Van Inventory, analyzing the results and report promptly for further action.

Analyzing and reporting on stock variances and issues, providing recommendations for correction and improvement with implementation of agreed corrective measures

·Ensure follow up on variance finalization and related accounting transactions. Process adjustments as approved

· Timely costing of imported shipments in an accurate manner, analyzing product wise margin to ensure stipulated margins are met, validating monthly shipments vs. orders.

· Raising timely debit notes to Principals in relation to price variances, A&P market spends, charges incurred on POSM/FOC products etc.

· Reporting weekly on shipment cost status & proactive involvement to clear bottlenecks if any.

· Research and resolve stock related discrepancies.

· Provide leadership and support to the inventory team members.

· Monitor warehouse inventory related activities, identifying gaps in internal control, stock discrepancies, inventory delivery gaps and other irregularities such as meeting warehouse standards pertaining to Bad Stock/ Damaged and Expired products and recommend appropriate actions.

· Reconciling inventory accounts to general ledger and prepare journal entries as needed.

· Develop and maintain stock coverage and inventory analysis reports submitting these on a regular basis as per company policy.

· Maintain relevant inventory files and records.

· Recommend improvement in internal controls related to inventory.

· Complete day to day accounting operations, as assigned up to finalization.

· Assist with month - end closing to ensure completion as scheduled.

· Ensure accurate and timely weekly, monthly, quarterly and year end close processes.

· Ensure all financial reporting deadlines are met.

· Develop thorough understanding of the accounting and business processes with involvement in the operational aspects as necessary.


1. Requirement opens for Arab nationals.

2. Qualification in Finance/Commerce.

3. Understanding of accounting processes, procedure and internal controls.

Interested candidates can send your CV to:



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