• Application Deadline: Sat, 4 Nov 2023 00:00:00 GMT
• Position: Inventory Manager/Stock Accountant


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 5 - 7 years


• Location Ondo


• Job Field Finance / Accounting / Audit 
  

Job Summary

Our client, an indigenous agricultural commodity trading company is looking to hire an inventory manager/stock accountant. The ideal candidate will be responsible for developing and implementing inventory management strategies and policies to optimize stock levels, reduce carrying costs, and ensure efficient operations. In addition, make decisions related to stock levels, order prioritization, quality control, supplier relationships, technology integration, process improvements, returns handling, contract execution, compliance, inventory valuation, training, supervision, continuous improvement, and cost control to optimize inventory operations in the company.

Responsibilities

• Develop and implement inventory management strategies and policies to optimize stock levels, reduce carrying costs, and ensure efficient operations.


• Provide leadership and guidance to the Stock Account Officers, ensuring they understand their roles and responsibilities and are effectively executing them.


• Collaborate with the sales team to prioritize the distribution of outgoing orders and ensure timely deliveries to customers.


• Oversee all warehouses (Akure, Sagamu, Ikom, Kano, and Lagos) to ensure proper stock storage, organization, and security. Monitor stock movements in and out of these warehouses.


• Ensure that stock loaded out of the warehouse reaches its destination with the same weight and in good condition. Implement quality control measures to prevent stock damage or losses.


• Instruct warehouse managers on contracts to be executed after obtaining all necessary approvals. Ensure that all contract terms and conditions are met.


• Validate all regulatory processing of returned goods and oversee the proper handling and documentation of return processes, both at the federal and state levels.


• Conduct regular stock valuations to assess the value of inventory on hand and report this information accurately for financial purposes.


• Provide the necessary support and records for month-end close, audit, and year-end financial statement preparation. Ensure that inventory-related financial data is accurate and up-to-date.


• Generate daily inventory level reports to track stock levels, movement, and trends, enabling informed decision-making.


• Implement and manage inventory management software or systems to enhance efficiency and accuracy in stock tracking and reporting.


• Ensure compliance with all relevant regulatory and industry standards in stock management and reporting.


• Work on strategies to minimize inventory carrying costs, such as storage and insurance expenses, while maintaining optimal stock levels.


• Identify areas for improvement in inventory management processes and implement changes to enhance efficiency and reduce costs.


• Collaborate with suppliers to optimize lead times, order quantities, and quality control, ensuring a smooth supply chain.


• Use historical data and market trends to forecast future inventory needs, helping the company to meet customer demand effectively.

Requirements

• HND/B.Sc. in Accounting, Finance or any related course. 


• MSc is an added advantage.


• A minimum of 5-7 years experience as a head of finance or a similar role.


• Professional certification such as ACA, ACCA, CMA or CPA is compulsory.

COMPETENCIES

• Proven knowledge of Inventory management, supply chain management, quality control, regulatory compliance, and data analysis.


• Comprehensive market knowledge and understanding of commodity procurement.


• Possess analytical, organizational, leadership, negotiating and communication skills.


• Possess technical proficiency and time management skills.