Inventory Cost Analyst (Remote)

Inventory Cost Analyst | Laurelton Diamonds Belgium BV | Belgium

The Inventory Cost Analyst will ensure that product costing for Laurelton Diamonds Belgium BV and Tiffany & Co. loose stone inventory goods in JD Edwards are correctly reported and updated throughout the different steps of the production process. He / She reconciles the inventory balance sheet positions reported to the perpetual inventory records and ensures remediation of unexplained differences.

The Inventory Cost Analyst manages periodic physical inventor, supports internal controls related to inventory, provides analysis of inventory cost drivers and periodic updates of subcontracting prices and standard absorption rates. He/she is expected to develop further automation and reporting as a tool to reinforce and strengthen the inventory internal control environment.

Areas of responsibility:

Inventory Cost Set up and control:

• Update daily control tools and report observed discrepancies.
• Ensure that periodic update of standard absorption rates and subcontracting fees are performed aiming to maximize the automatic absorption of product cost.
• Apply policy and procedure for accounting for obsolete inventory – % write off applied.
• Perform OSPO receiving, review and management override on OSPO receiving outside of tolerance and to streamline the WIP and order receiving process.
• Control and manage set up of DMAAI’s as to ensure proper transfer of data from perpetual inventory system to update the GL accounts when posting batches either automatically or manually.
• To manage manual updates to inventory as a result e.g. of broken stones, lost stones – ensure Missing Asset Reports are completed for any stone lost and in support of performing manual inventory adjustment entry.
• Manage periodic physical inventory and reconciliation of (counting) results to the financial records.
• Manage/Document/Standardize and Audit the procedures for JDE inventory item set up.
• Support further development of automation and reporting as a tool to reinforce and strengthen the inventory internal control environment.
• Support KPC, statutory and group audit procedures as required.
• Support any project with IT or Ops teams, locally or with corporate office in respect of flow of goods and the impact on product costing.

Inventory Cost Analyses and Reporting:

• Reconciliation of the inventory balance sheet positions reported to the perpetual inventory records and ensures remediation of unexplained differences.
• Report on the drivers for the standard value of production and monitor deferred inventory in view of updating standard absorption rates and TP recharge price tables.
• Support development of reporting allowing insightful analysis and perform monthly inventory roll forward.
• Reconcile result from tender sales to detailed inventory records, set reserves, and reported PL impact and analyze aging of inventory parcels throughout the supply chain as to identify potential risks for obsolete inventory or opportunities.
• Monitor cost updates of inventory parcels throughout the production process and report and remediate issues noted with IT and Ops teams.
• Complete reporting schedules in support of Tiffany & Co. and LVMH periodic reporting Quarterly and disclosures and annual fiscal closing procedures.
• Perform annual inventory compliance reporting to Belgian Government.

Intercompany transactions and transfer pricing:

• Ensure transfer of goods between affiliated companies is done at correct inventory or service cost + mark up.
• Ensure invoicing of finished product to Tiffany & Co. is reported completely, timely and correctly – establish manual true up recharge invoice as required.
• Support, follow up on audits / opportunities and any project related to transfer pricing and inventory valuation environment as required.

Profile:

• Relevant studies on university level (Bachelor/Master) in Finance, Accounting or Economics (TEW, Handelswetenschappen) or equivalent through experience
• +5 years’ relevant experience within a similar position (Accounting and Financial Analysis, Inventory Costing, Internal Audit).
• Experience with US GAAP.
• Proficiency in use of MS Office products. Advanced Excel capabilities. Good working knowledge with Power BI and previous experience working with ERP-system (JD Edwards or SAP is a plus) and financial modeling tools.
• Facts & Figures minded, with strong data analytical and organizational skills.
• Accurate, detail- and result oriented with proven ability to multitask and prioritize workload
• Be hands-on, comfortable taking initiative and making decisions, have ability to work independently as well as in a team and have strong interpersonal skills.
• Good communications skills. Fluent in Dutch and English, both spoken and in writing. Knowledge of French is an asset.

We Offer:

• Opportunity to develop your career in an international environment in Belgium, within a leading global company.
• A competitive salary with benefits (no company car) and flexible work hours
• Possibility working from home up to 2 days/week
• Nice working environment in the center of Antwerp, close to public transportation.

Job Types: Full-time, Permanent contract

Benefits:

• Eco vouchers
• Food allowance
• Hospitalization insurance
• Internet reimbursement
• Profit sharing
• Retirement plan
• Work from home

Schedule:

• Day shift
• Monday to Friday

Supplemental Pay:

• 13th month salary
• Vacation money

Application Question(s):

• Do you have proficient use of Excel and PowerBI (data reporting) ?

Language:

• English (Required)

Work Location: In person

Tagged as: remote, remote job, virtual, Virtual Job, virtual position, Work at Home, work from home