Closing: Mar 31, 2024
This position has expiredPublished: Mar 6, 2024 (2 months ago)
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Job Summary
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Job Requirements
- A minimum of 5 years’ experience as an Inventory or Cost Accountant in an FMCG background;
- Bachelor's Degree in Finance or Accounting required.
- A professional qualification in accounting - CPA (K) or ACCA is preferred;
- Demonstrated experience in accounting, costing, financial analysis, forecasting and reporting;
- An understanding of the FMCG business model and dynamics from an accounting and inventory perspective;
- A good understanding of GAAP in relation to inventory;
- Is flexible and able to work as part of a team;
- Proficient in MS Excel, advance excel preferred;
- Experience with Inventory management systems, preferably ERP.
Competencies And Key Skills:
- Strong Financial Acumen;
- Problem Solving Skills;
- Analytical Thinking;
- Detail Orientation;
- Planning & organization skills;
- Tech Savvy.
Responsibilities
Job Requirements
- A minimum of 5 years’ experience as an Inventory or Cost Accountant in an FMCG background;
- Bachelor's Degree in Finance or Accounting required.
- A professional qualification in accounting - CPA (K) or ACCA is preferred;
- Demonstrated experience in accounting, costing, financial analysis, forecasting and reporting;
- An understanding of the FMCG business model and dynamics from an accounting and inventory perspective;
- A good understanding of GAAP in relation to inventory;
- Is flexible and able to work as part of a team;
- Proficient in MS Excel, advance excel preferred;
- Experience with Inventory management systems, preferably ERP.
Competencies And Key Skills:
- Strong Financial Acumen;
- Problem Solving Skills;
- Analytical Thinking;
- Detail Orientation;
- Planning & organization skills;
- Tech Savvy.
- We are looking for a talented person to join our team as an Inventory Accountant.
- The role holder will be responsible for managing Inventory including merchandise and material at hand.
- He/she will be responsible for developing and implementing various accounting methods, developing & analyzing inventory reports and monitoring all inventory transactions in the organization.
Duties
Stock Management:
- Lead physical Inventory counts in the warehouses and post the weekly & monthly stock count numbers.
- Reconciling inventory accounts to the general ledger and report on any variances.
- Monitoring inventory prices, track and analyze stock usage on a weekly basis and advice the Finance Manager accordingly.
- Determine inventory costs and work closely with the purchasing and finance teams to advise the selling prices for good procured by the business.
- Review and resolve issues with inventory transfer orders between warehouses while providing support and guidance as needed.
Inventory Analysis:
- Review and analyze inventory at hand relative to actual consumption levels, supplier lead times, and logistical efficiencies.
- Provide accurate inventory metrics by SKU and provide solutions to improve inventory management without impacting customer fulfilment rates.
Reconciliation:
- Ensure all inventory, manual inventory schedule and cost of sales transactions are processed and reconciled to General Ledger on a monthly basis as per laid down SOPs.
- Lead the reconciliation of inter warehouse transfers, landed costs and discounts; prepare monthly journal entries as needed.
Financial Management:
- Undertake daily vetting and posting of purchases & invoices in the accounting system.
- Prepare the budget for all overhead spending and track actual spending on a line item basis every month.
Policy & Compliance:
- Ensure proper procedures are in place, clearly documented and updated regularly.
- Assist in the improvement of internal controls related to inventory and spearhead their implementation within the organization.
Reporting:
- Develop inventory analysis reports capturing inventory balances, stock movement, prices, cost and variances providing weekly internal inventory reporting.
- Analyse and prepare reports on key trends to advice business decisions.
- Track and report actual daily product consumption for each production line and summarize weekly variances and yielded profits or losses per product.
- Bring to the attention of the Finance Manager any issues or concerns in a timely manner to allow for a quick resolution.
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