Inventory Accountant

Job description / Role

• Reviewing purchase orders for accuracy and ensuring that they have been approved by the appropriate department head or manager
• Calculating cost of goods sold by using methods such as average cost
• Calculating inventory turnover ratios by dividing costs of goods sold by average inventory balances
• Monitoring inventory levels to ensure they are within acceptable ranges
• Ensuring that all inventory transaction details are recorded accurately in an accounting system
• Reporting on inventory levels, costs, and turnover rates to management
• Calculating cost of goods sold by using methods such as average cost , average market price
• Verifying inventory counts and recording adjustments to inventory levels for items that have been used, damaged, or lost
• Determining methods for recording inventory transactions such as physical counts, perpetual systems, or estimates based on previous usage rates

Requirements

• Work experience as an Accountant in a Trading company
• Hands-on experience with accounting software.
• Advanced MS Excel skills including Vlookups and pivot tables
• Experience with general ledger functions
• Strong attention to detail and good analytical skills
• BSc in Accounting, Finance or relevant degree
• Experience in using Focus software is an advantage

About the Company

In 2005, the Majestic Medical and Tech. Supplies L.L.C were founded with the aim of becoming the leading healthcare distributor in the UAE. The success story started by establishing our main office in Abu Dhabi, the capital of UAE, forming our team and building business partnerships with some of the top manufacturers in the healthcare sector. Since we started, we are aware that our good values will make our company attractive to deal with while offering the best quality products and exceptional services with reasonable prices will sustain the stability of our achievements. In order to keep in growing, we need to keep in doing extreme efforts and our passion for excellence consistently drives us to continue on our missions and turn our aims to reality.

And now after years of dedicated striving, we can proudly say that we became the sole representative in UAE of many prestigious top manufacturers well known globally in the healthcare sector and we have the best infrastructure, systems, logistics and people. We are committed to keep in developing ourselves and seeking for more success to come.