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Stock And Costing Accountant

Closing: Sep 21, 2023

This position has expired

Published: Aug 28, 2023 (29 days ago)

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We are seeking to recruit a Stocks Accountant to oversee the management of Inventory, Business partner our supply chain and enforce the disciplines and controls on stock management.


We are seeking to recruit a Stocks Accountant to oversee the management of Inventory, Business partner our supply chain and enforce the disciplines and controls on stock management.

1. Optimize Stock Control

  • Ownership of stock verification process through monthly stock counts and ensuring 100% adjustment to physical after stock counts and explanations for stock take differences are sought and accountability and improvement actions attributed and owned by relevant personnel in the business.

  • Collaborate with the procurement team to establish optimal inventory levels based on production and sales forecasts.

  • Tracking of Stock from the silo, costing and monitoring draw down.

  • Assess, together with operations slow moving and obsolescence risk in stocks (Raw Materials, Packaging, Finished Goods, Engineering Stores and Others) and ensure up to date provisions are maintained in the balance sheet.

  • Work with the Payables accountant to ensure the GRNI account is reconciled and additionally ensure that the production WIP account is zerorized before period closures and stock counts.

  • Verify, analyse, reconcile, understand and explain to the business process owners the cost l of sales (COGS) reported in the financial statements (including variances to expectations) for the total business, product groupings and SKUs where necessary before period closure (Input into the pre book closure integrity check by the Finance Manager and post results management accountant COS variance analysis reporting), ensuring the allocations of cost of sales to product groups are accurate and verifiable

2. Inventory Valuation

  • Stock Valuation : Oversee and audit the stock valuation process to ensure that all stock is correctly valued as per the Company guidelines and in conformity with IFRS and other best practices.

  • Verify stock valuations and ensure that stock is always valued at the lower of cost or net realizable value.Carry out SKU gross margin tests monthly to adjust stock valuations basis of any loss-making SKUs, and feed back to business for action to rectify any selling price issues.

  • Landed cost : Accurate computation of landed costs for imported products and raw materials and ensuring they are accurately valued in the ERP

  • Bill of Material (BOM) reviews to ensure accuracy of SKU mapping to cost ledgers and ensuring innovations are accurately mapped in the ERP

3. Business Partnering and Costing

  • Key Business partner to the Operations teams (Factory, Warehousing, Supply Chain, Procurement,) on all costing and stock related issues. Providing support as a Business Partner through insights, Trend analysis, cost drivers analytics, Price and Material Usage Analysis.

  • Efficiency Analytics of supply chain matrices through OEE Reports, Material Usage Variances and Distribution efficiencies, Market Returns, Promotion stock, DIO, Working Capital

  • Enforcing controls and discipline on stock management in the Business and ensuring all stock guidelines are strictly adhered to. Audit the stock control measures to ensure best practices on stock management.

  • Create, maintain and update quarterly unit cost sheets for all SKUs in the business, both on spreadsheet for pricing & cost modelling (and profit optimization decision making), and in the ERP for stock valuation, returns, count adjustments etc.

  • Partner sales and marketing team in co-ordination with the management accountant in the pricing process by owning the modelling of SKU standard P&Ls to determine price structures (using the unit cost sheets as foundation) including RRP, ex factory price, wholesale and distributor prices.


  • Achieving a 100% reconciliation between the stock book and physical counts, while accurately executing all P&L adjustments to reflect precise stock quantities.

  • Implementing precise stock valuation and inventory costing methods to ensure accurate financial representation.

  • Enforcing stringent stock control measures and optimizing practices in alignment with industry standards.

  • Eliciting favorable feedback from essential business partners and immediate subordinates to gauge performance and collaboration effectiveness.

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