Materials Accountant

The Materials Accountant is responsible for the accurate recording, valuation, and reconciliation of all transactions related to material values and inventories. The position contributes to the efficient control of inventories by ensuring accurate recording of material inflows, outflows, transfers, and stock balances, as well as ensuring that inventories are recorded in accordance with the company's accounting policy and applicable financial reporting standards.

The Materials Accountant works closely with the Warehouse, Procurement, Operations, and Finance teams to ensure the integrity and accuracy of inventory accounting, as well as to support the timely preparation of financial statements.

Key Responsibilities and Expected Outcomes

Materials Accounting

Record and reconcile all transactions related to inventories and material values in the accounting system.

Review, support, and record transactions for material inflows, outflows, transfers, returns, and adjustments.

Maintain the fixed assets accounting ledger, create fixed asset cards, and record all movements of fixed assets.

Review and reconcile inventory names and codes, working closely with the Procurement team to ensure database integrity and prevent duplicate or incorrect coding.

Monitor inventory balances and identify unusual or inconsistent transactions.

Perform other accounting duties as required.

Monthly and Annual Reconciliations and Controls

Monitor inventory valuation and ensure that material values are recorded in accordance with the company's accounting policy.

Participate in inventory counts, reconcile count results with accounting data, and investigate any discovered discrepancies.

Participate in fixed asset counts, reconcile results, and investigate any existing discrepancies.

Prepare inventory-related reconciliation reports, analytical tables, and management reports.

Support internal and external auditors by providing necessary documentation and explanations regarding inventories.

Internal Control

Ensure that all processed accounting transactions comply with the company's internal control policies and applicable legal requirements.

Qualifications, Experience, Knowledge, and Skills

Key Working Interactions

Internal

Finance Department

Warehouse and Procurement Departments

Operations and Production Subdivisions

External

Suppliers (in cases where inventory reconciliation or supporting documentation is required)

Qualifications

Bachelor's degree in Finance, Accounting, or a related field.

Work Experience

At least 2 years of work experience in the accounting field, preferably in the direction of materials or fixed assets accounting.

Knowledge

Experience working with ERP systems and the ability to quickly learn new systems.

Good knowledge of Microsoft Excel and financial reporting tools.

In-depth knowledge of inventory accounting principles and methodology.

Skills

High accuracy and attention to detail.

Upper-Intermediate (B2) or higher proficiency in English.

High skills in teamwork and effective collaboration.

Good communication skills and the ability to organize effective work with stakeholders.

Analytical thinking and problem-solving skills.

Ability to manage time effectively and complete tasks within set deadlines.

Interested candidates are requested to send their CV to the email address HR@lydianarmenia.com, specifying the position title in the subject line of the email.