Summary
Eastern Province Cement Company is seeking an Inventory Accountant based in Khobar. The role involves recording and reconciling inventory transactions, valuing inventory, analyzing variances, and supporting physical counts and financial close activities. The accountant will work with warehouse, operations, procurement, and logistics teams and support internal controls and audit requirements. Applicants need a bachelor’s degree in finance, accounting, or a related field, 3 to 5 years of relevant experience, and proficiency in Arabic and English.
The posting
As published on epcco.com.sa. Pulled from the employer's site and shown as they wrote it.
JOB OBJECTIVE:
To ensure accurate accounting and valuation of inventory by maintaining proper records, performing reconciliations, and supporting inventory audits in compliance with internal policies and accounting standards.
MAIN ROLES AND RESPONSIBILITIES:
• Record and reconcile inventory transactions including receipts, issues, adjustments, and transfers in the ERP system.
• Ensure accurate valuation of inventory in compliance with company policy and applicable accounting standards.
• Monitor inventory movements and conduct periodic reconciliations between inventory subledger and general ledger.
• Analyze inventory variances and provide explanations for discrepancies, working with warehouse and operations teams to resolve issues.
• Assist in the coordination and execution of regular physical inventory counts and cycle counts.
• Reconcile physical inventory results with book records and post necessary adjustments.
• Support monthly, quarterly, and annual closing processes by preparing inventory-related journal entries and reports.
• Monitor inventory aging and identify obsolete, slow-moving, or excess items for appropriate accounting treatment.
• Assist in the preparation of inventory reports and analysis for internal stakeholders and external auditors.
• Collaborate with procurement, logistics, and warehouse teams to ensure proper inventory controls and documentation.
• Ensure all inventory accounting processes comply with internal control requirements.
• Maintain proper documentation for inventory transactions and support audit requirements.
• Perform any other job-related duties assigned by the Supervisor or Finance Manager.
QUALIFICATIONS AND COMPETENCIES:
EDUCATION:
• Bachelor’s degree in Finance, Accounting, or closely related field.
• Training requirement of API Standard:
1. Quality Management System
2. Quality Objectives
3. Relevance and importance of employees’ activities and how they contribute to the achievement of the Quality Objectives
4. Job specific procedures & work instructions, forms and processes
5. Job specific and/or supplemental training.
6. Product training
7. Customer specified or supplied training, when required
8. Safety procedures, and Environmental procedures, when required
LANGUAGE:
• Proficiency in both English and Arabic Language.
SKILLS:
• Good knowledge of inventory accounting and cost valuation principles.
• Familiarity with IFRS and inventory control processes.
• Proficient in ERP systems and Microsoft Excel.
• Strong reconciliation and analytical skills.
• High attention to detail and accuracy.
• Ability to coordinate with cross-functional teams.
EXPERIENCE:
• 3 to 5 years of experience in inventory accounting or a related role.
Note: The Job holder may be required to undertake additional duties, which may be reasonably expected and forms part of the function of the job.