Inventory Accountant

1. Inventory Control

• Develop, implement, and enforce inventory policies, procedures, adopt appropriate technology, ERP workflows and internal controls.

• Diagnose and resolve causes of inventory variances/discrepancies.

• Perform monthly stock reconciliations of physical counts against system for all categories of inventory /warehouses and highlight variances to the management.

• Oversee and coordinate physical inventory counts of goods (monthly and cycle counts) for all locations along with regular inspections to identify discrepancies or ways to improve inventory management.

• Coordinate with warehouse team to implement and ensure proper control systems and procedures to reduce theft, damage, breakage, and inventory obsolescence.

• Handle and document approved non-routine inventory transactions i.e., stock adjustments.

• Monitor all inventory related transactions on the ERP to ensure proper recording, completion, and clean-up of incomplete transactions i.e., transfer orders, purchase orders and sales orders/return orders.

• Manage the monthly financial close for inventories.

2. Manufacturing

• Verifying/confirming daily records and postings for production outputs Ice cream, Yoghurt & Chocolates

• Data Entry/Updates for production Bill of Materials for Ice Cream, Yoghurt and Chocolates as per approved formulations

• Identifying Production Module gaps and issues and raising them with HOF corrective actions.

• Coordinate trainings/support for the team utilizing the production module.

• Updating, Testing and implementation of changes in Production Module.

3. Inventory Reporting

• Regular review and reporting on Inventory Ageing analysis report and taking appropriate/recommended actions.

• 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 directors.

• Weekly and monthly reporting as per pre-determined reports

• Assist with the preparation of schedules and/or reports required by external auditors in connection with the audit of the annual financial statements.

4. Team Management

• Supervision, guidance, and performance monitoring for the inventory accounts assistants

• Implement and oversee processes to verify goods received from supplier’s vis a vis invoices and GRNS posted in the ERP system.

JOB SPECIFICATIONS

1. Key Competencies

• Good understanding of stock related operational and control requirements

2. Academic / Professional Background

• Bachelors/Master’s degree in Accounting/Operations Management

• CIMA/ACCA

• O-level Mean Grade B+ and above

• CPA K

3. Work experience

• 3 Years’ experience in Inventory control in a manufacturing firm or Audit Firm

4. Leadership Experience

• Be a team player

• Ability to work under high pressure with minimal supervision

5. Decision-Making Authority

• Ensure all decisions are within the approved guidelines

• Apply due care, diligence, objectivity, and consistency in decision making

• Any changes to policies, terms, and conditions of the ICT infrastructure to be referred to relevant authority