• Application Deadline:
• Position: Inventory Accountant


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 1 - 2 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Responsibilities

Inventory Management:

• Maintain accurate inventory records, including tracking inventory levels, costs, and movements.


• Perform regular inventory reconciliations to ensure that physical counts match recorded quantities.


• Monitor inventory turnover rates and assist in identifying slow-moving or obsolete inventory.

Financial Reporting:

• Prepare and review inventory-related financial statements, including cost of goods sold (COGS) and gross margin calculations.


• Analyze inventory data and prepare reports on inventory performance and variances.


• Assist with month-end and year-end closing processes related to inventory.

Accounting Duties:

• Record inventory transactions in the general ledger and ensure proper classification and allocation.


• Reconcile inventory accounts and resolve any discrepancies or issues.


• Assist with the preparation of inventory-related journal entries and adjustments.

Audit and Compliance:

• Support internal and external audits by providing necessary documentation and explanations related to inventory.


• Ensure compliance with accounting policies, procedures, and regulatory requirements.

Collaboration:

• Work closely with the procurement and supply chain teams to ensure accurate inventory planning and forecasting.


• Coordinate with the sales and operations teams to address inventory-related issues and optimize inventory levels.


• Provide support and training to other departments on inventory accounting matters.

Process Improvement:

• Identify and implement improvements to inventory accounting processes and systems.


• Stay updated on industry best practices and accounting standards related to inventory management.

Requirements

• Bachelor's Degree in Accounting, Finance or Business.


• 1-2 years of relevant work experience, including knowledge of GAAP.


• Experience examining, analyzing, and interpreting accounting systems, records, and reports.


• Excellent interpersonal communication and problem-solving skills.


• Ability to multi-task and prioritize workload.


• Ability to be an effective team member and display initiative.


• Strong work ethic and attention to detail – eager to learn and grow within the organization.


• Ability to handle confidential information in a discreet, professional manner.


• Proficient with Microsoft Office suite, especially Excel.


• Experience with ERP / Financial systems.