INVENTORY ACCOUNTANT JOB DESCRIPTION

Job Purpose

The inventory Accountant is responsible for ensuring proper management of the company’s inventory or stock items. Maintains and updates the stock records, responsible for conducting physical stock counts, performing regular stock reconciliations and overall monitoring of stock transactions. Working closely under the Finance department.

Responsibilities
•    Implement and enforce inventory policies, procedures, and adopt appropriate internal controls.
•    Diagnose and resolve causes of inventory variances/discrepancies
•    Collate, document and report all variances reported during receipt of goods from suppliers/ inter warehouse transfers and ensure proper adjustments are done after approval by Head of department.
•    Perform weekly stock reconciliations of physical counts against system for all categories of inventory on the production floor and highlight variances to the head of department.
•    Perform monthly stock reconciliations of physical counts against system for all categories of inventory on the production floor and highlight variances to the head of department.
•    Oversee and coordinate physical inventory counts of goods for all locations along with regular inspections to identify discrepancies and ways to improve inventory management.
•    Carry out spot checks (inventory ad hoc audits) on stock balances in all stock holding locations as against the system records to capture any anomalies.
•    Ensure that goods received from warehouse team are matched with the actual invoices and packing list on the production floor.
•    Reconcile stock deliveries with stock orders and raise non-conformity reports where applicable
•    Diagnose and resolve causes of inventory variances/discrepancies
•    Coordinate with warehouse and production team to implement and ensure proper control systems and procedures to reduce theft, damage, breakage, and inventory obsolescence.
•    Quarterly review and reporting on Inventory Ageing analysis report and implementing agreed/recommended actions.
•    Manage the monthly financial close for inventories.
•    Monitor implementation of inventory policies and procedures.
•    Assist the Head of department in other relevant tasks as assigned.

Knowledge and skills 
 Experience:
•    Minimum 2 Years’ experience in Stock accounting and management is an added advantage.
•    Good understanding of stock related operational and control requirements
•    Excellent computer skills with proficiency in MS Excel.
•    Good communication skills in both oral and written forms
•    Ability to deliver excellent results under minimum supervision.
•    Keen eye for details
Qualifications:
•    Bachelor’s degree or HND in Accounting/Finance/Busibusiness

Interested applicants can apply

Only shortlisted candidates will be contacted. Thank you