Responsible for: Inventory Finance – Oversee inventory reconciliations, intercompany transactions, work order processing, and variance analysis. Support accurate financial reporting through journal entries, account reconciliations, cost of goods sold (COGS) adjustments, and vendor reconciliations. Collaborate with Supply Chain, vendors, and internal stakeholders to resolve discrepancies, manage billing processes, and maintain accurate inventory and accounting records. Accounts Payable – Manage a portfolio of vendor accounts, ensuring the accurate and timely processing, validation, and control of Accounts Payable invoices. Support on-time payments and continuity of parts supply. |
Key Tasks and Responsibilities - Analyse and reconcile intercompany movements, identifying unrealized profit within inventory.
- Prepare and process monthly journal entries and account reconciliations.
- Process customer direct-ship billing.
- Reconcile freight claims.
- Process VRMAs, communicate professionally with vendors, and reconcile related credit notes.
Product Price Variance (PPV) - Run daily reports.
- Identify and analyse price and quantity variances across trade and intercompany transactions.
- Make the necessary adjustments to inventory costs.
- Process General Ledger entries to update cost of goods sold (COGS).
- Maintain daily logs documenting actions taken.
Work Order Reports - Review third-party Goods Received Not Invoiced (GRNI) and identify and analyse cost variances.
- Identify and assess risks associated with unused raw material components in third-party processing.
- Prepare and process monthly journal entries and account reconciliations.
- Review intercompany in-transit inventory and ageing, and make corrections where required.
Accounts Payable - Process Accounts Payable invoices & Work order Invoices in NetSuite, record business transactions, and validate financial data. Investigate invoice discrepancies, clarify questionable items or prices, and compare system entries against invoices to resolve anomalies.
- Review invoices and requisitions to confirm that the required payment approvals are in place.
- Use the Daily Non-Payable Report to investigate and resolve invoice queries.
- Review aged invoices and follow up with approvers or owners to obtain outstanding approvals and clear invoices from the system promptly.
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