Financial Accountant - Contract



Accounting & Finance
Sydney, NSW, Australia
Posted on Thursday, January 25, 2024

Koala’s mission is: Better furniture experiences, designed with the World in mind. Combining customer-centric products, a world-class technology and fulfillment platform, incredible customer service and social good; we are changing the way people buy and enjoy furniture to create happier, healthier habitats.

Why we have this role @ Koala

We are looking for a Financial Accountant who will be responsible for all financial inventory controls and processes at Koala. From reviewing the item receipts and billing, through to cost of sales recognition and stock on hand verification, this role is a critical link between Supply Chain and Finance to ensure that our financial systems can report accurate and timely data to the business for decision making.

Koala is looking for someone who is a challenger, to look at our existing processes globally and introduce best practice systems, automation and efficiencies.

What key responsibilities does this role have @ Koala?

  • Oversee inventory financial management in accordance with company guidelines
  • Develop and implement improvements to existing operational procedures in order to maximise efficiency and accuracy of inventory on hand and cost of goods sold
  • Ownership of cost of goods recognition in line with company accounting policy
  • Perform critical inventory tasks to ensure the correct amount and value of items are recorded in stock accurately in the general ledger
  • Maintain updated and accurate records of inventory, including transfers and cycle counts
  • Review documentation and monitor product codes to search for discrepancies; troubleshoot quantity discrepancies between stock and records
  • Track rates of accuracy, purchase and return as well as defective items to inform supply chain and quality control
  • Generate financial inventory reports including product profitability; review reports monthly with relevant stakeholders
  • Prepare intercompany invoicing for Global Koala Group
  • Nurture positive relationships with suppliers and provide a highly accountable level of customer service to all stakeholders
  • Month end reporting
  • Reconciliation of balance sheet accounts regularly
  • Provide insights to the wider finance team and business