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Inventory Accountant - OMASCO - Oman Job in Oman
Al Futtaim Private Company LLC , Oman

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2 Years
0 - 0 USD
Job Type
Job Shift
Job Category
Requires Traveling
Career Level
Total Vacancies
1 Job
Posted on
Jan 28, 2021
Last Date
Apr 28, 2021

Job Description

The primary responsibility of this role is inventory and vendor invoice processing, provide support in reviewing order planning reports (Electronics, TLB & Marine), weekly inventory provision reports, Inventory adjustment, annual physical verification, verification of local vendor invoices, provision for utility payment etc.

Inventory Ordering, management and reporting
• Reviewing Stock order request, comparing it with past sales history and ageing of current inventory.
• Verify stock purchase order: To release purchase orders as per the approved order sheet/ cost sheet. And monitoring cost factor, verification of all cost conditions and exchange factor in PO for correct computation of inventory cost.
• Adjustment of quantity and ACP of stock as per the approval. management.
• Preparing stock age analysis report weekly basis and circulating among HOD’s. Reviewing month end stock ageing report and creating provision as per Group Policy.
• Supervision of Scraping of Damaged Stock on behalf of Finance and verification of TR reports with physical damaged stock at ESD and adjustment of Scrapped/write off stock items.
• Preparation of Location wise stock report- For insurance.

Annual Physical Inventory
• Planning and organizing Annual Physical Inventory at year end: As per the Instructions from management, Organising team for different locations on planned date and time for conducting the stock counting.
• Coordination with internal and statutory auditors who is participating in Annual Physical Inventory. Analysis and Reporting of Annual Physical Inventory Variances.
• Adjustment of shortage and Excess of stock as per management approval.

• Renewal of company’s Various Insurance Policies - With Co-Ordination of Finance Controller and relevant division and preparation of Reports for renewal of company’s Various Insurance Policies.
• Verification of Insurance Debit notes / Invoice is in line with Insured value.
• Accounting of Debit / Credit Note of AOI received against Auto Insurance, Monitoring of GL of Insurance recovery account

Utility / Rental / Clearing and Forwarding Expense
• Verification of Utility invoices posting into respective expense head and cost centers (Telephone, Water, Electricity, Fuel etc).
• Preparing payment to landlord based on request from Admin,
• Receiving payment request from Logistic Department, verifying the payment request with BL and other supporting document and releasing payment.
• Arranging monthly PASI payment

Used Car / Customer Refund etc
• Verifying Used Car procurement document, follow up with Department for Mulkiyah copy for registration used car before releasing the payment.
• Refund of Down payment, payment for Hire Purchase settlement, refund for sales return and clearing the corresponding document in GL.

• Reconciliation of Supplier a/c’s
• Reconciliation of Used Trade-In clearing a/c & Installation Recovery Prov. A/c (Projects Division)
• Reconciliation of Rental Vendor a/c’s
• Reconciliation of Bank Account (NBO Payment and Credit card)
• Preparation of Cash Flow Statement and cashflow forecast for local payment.
• Providing all information / schedules requested by Auditor for annual audit.

Job Specification

•Bachelor’s degree / Semi Qualitied Chartered Accountants / CPA / CMA
•5 / 8 years similar relevant experience within a large corporate.

Job-Specific Skills: Strong accounting knowledge, analytical, advanced systems skills particularly in Advance MS Excel, Power Point Presentation and SAP, strong communication skills and team player, ability to work off own initiative,
Behavioural Competencies: able to plan & prioritise tasks; initiative; self starter; strong team player, positive can-do attitude.

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

Al Futtaim Private Company LLC

Consumer Goods - Dubai, United Arab Emirates