We are recruiting to fill the position below:
Job Title: Inventory Accountant
Location: Abeokuta, Ogun
Employment Type: Full-time
Job Description
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- Reelfruit’s Inventory Accountant will play a crucial role in managing and maintaining accurate inventory records.
- He or She will be responsible for overseeing inventory transactions, reconciling discrepancies, analyzing inventory data, and ensuring compliance with accounting principles and company policies.
- The role involves collaborating with cross-functional teams to monitor inventory movements, conducting audits, and analyzing data to optimize inventory processes.
Duties and Responsibilities
Inventory Management:
- Monitor and reconcile inventory levels regularly across multiple locations and systems.
- Coordinate with procurement and warehouse/ inventory teams to ensure accurate recording of incoming and outgoing inventory.
- Monitor inventory movements, including issues, receipts, transfers, returns, and disposals.
Financial Reporting:
- Prepare weekly inventory reports, including valuation, cost analysis, and variance reports.
- Assist in month-end and year-end closing activities related to inventory.
- Prepare and analyze inventory reports, highlighting trends and variances.
Compliance and Auditing:
- Ensure compliance with accounting standards and company policies.
- Conduct monthly inventory audits to verify accuracy and address discrepancies.
- Collaborate with cross-functional teams to investigate and resolve inventory issues.
Process Improvement:
- Identify opportunities to enhance inventory management processes.
- Implement improvements to optimize inventory control, accuracy and efficiency.
Cross-functional Collaboration:
- Work closely with finance, production, procurement and supply chain teams to align inventory processes with business objectives.
- Collaborate on forecasting and budgeting exercises related to inventory.
Educational Qualifications, Experience & Requirements
- Bachelor’s degree or HND in Accounting, Finance, or related field.
- A Master’s degree is an added advantage.
- Professional certificate (e.g. ACA, ACCA, & CIMA) is preferred.
- Proven experience of at least 3 years in inventory accounting or related roles within the manufacturing or consumer goods industry.
- Strong understanding of accounting principles and inventory valuation methods (e.g., FIFO, LIFO, etc.).
- Proficiency in ERP systems and advanced Excel skills.
- Attention to detail, analytical mindset, and strong problem-solving abilities.
- Effective communication and collaboration skills to work across departments.
Application Closing Date
31st January, 2024.
Job Features
Job Category | Inventory Accountant |