• Application Deadline: Mon, 23 Sep 2024 00:00:00 GMT
• Position: Inventory Accountant


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 2 - 5 years


• Location Delta


• Job Field Finance / Accounting / Audit 
  

Department: Finance

Reports to: Finance Lead

Location: Sapele, Delta State

Job Summary:

This role involves managing the inventory accounting system, reconciling inventory accounts, conducting regular audits, and ensuring compliance with financial regulations.

Key Responsibilities:

Accounting, Reporting, Analysis

• Daily accounting entries are correct, complete, timely and authorized (stock, production, losses/variances/shrink). Both execution as well as review of OPS entries.


• Weekly reporting and analysis of inventory management information and production information (stock levels, value/Mt, position in days, DIO, extraction, obsoleteness, slow moving, stock variances, wheat cost per Mt, extraction, shrink)


• Root cause analysis of all inventories related identified issues and follow up on action plans and timing


• Reconcile BI and NAV.


• Reconcile GO and NAV.


• Manufacturing and RM cost analysis and reconciliation.


• Prepare any other required reports (internal or external) related to the areas of responsibilities.

Controls and Compliance

• Perform allocated monthly balance sheet reconciliations are adequately prepared, reviewed and concluded on WD+5.


• Review allocated balance sheet reconciliation for selected accounts.


• Setup a mass balance control.


• Stock take management (plan, lead, conclude, report)


• Grind out certification


• Verification of NAV information on inventory and production (q, p, provisions, BOM etc)


• Compliance of inventory related (accounting policies) and translation to local policies.


• Communicate timely on non- compliance with standards for inventory and production

Audits, reviews, assessments

• Support the year end audit and ensure that auditors are provided with the required information and documentation on time.


• Lead and ensure accurate and timely completion of other internal, external and governmental audits.


• Responsible for timely and effective remediation of all audit findings occurring in the area of responsibility

Development

• Setup and implementation of inventory policies (cross department)


• Follow developments in production, commodity, milling industry, supply chain


• Actively participate and contribute in meetings and business inter actions as required.


• Report development to make reporting most efficient.


• Take an active role in the enhanced use of the current and future system in relation to the areas of responsibilities.


• Maintain existing or obtain credentials and certifications related to improving the performance of your duties.


• Seek out additional educational opportunities in line with Company needs.


• Improve and/or keep up to date with MS Office Suite skills and MS NAV

Staff management

• Train 1 junior accounts clerk/trainee/intern per year on the value chain, inventory and relevant accounting policies


• Train 1 backup team member


• Document SOPs for processes relating to the areas of responsibility


• Any other assigned task or responsibility by management

Qualifications:

• Education: Bachelor’s degree in accounting, Finance, or a related field.


• Experience: 2-5 years of experience in accounting, with a focus on inventory management or cost accounting.


• Certifications: intermediate of ACCA, CA, CMA etc. certification


• Age: 25 – 35years

Skills and competencies:

• Strong analytical and problem-solving skills.


• Proficiency in accounting software (e.g. Microsoft NAV and Microsoft office


• Excellent attention to detail and organizational skills.


• Ability to work independently and as part of a team.


• Knowledge of GAAP and other relevant accounting standards.