Inventory Accountant

This vacancy presents a chance to join a leading organization. Role Overview - The Inventory Accountant will be responsible for monitoring, valuing, and reconciling inventory movements to ensure accurate financial reporting and strong internal control of stock. - The role requires close collaboration with storekeepers, procurement, operations, and finance teams to ensure inventory integrity across all processes. Key Responsibilities: - Maintain and reconcile inventory records in ERP and accounting systems. - Track all stock movements (receipts, issues, transfers, and adjustments). - Perform monthly stock counts and variance analysis in collaboration with storekeepers. - Monitor inventory valuation methods (FIFO, Weighted Average, etc.) to ensure compliance with IFRS. - Review and report slow-moving, obsolete, or damaged stock. - Liaise with procurement and operations teams to ensure inventory accuracy. - Support cost accounting in preparing COGS and production-related reports. - Enforce internal control procedures for material receipt, storage, and issuance. - Prepare periodic inventory and consumption reports for management decision-making. - Assist auditors during stock audits and year-end reviews. SMART KPIs - Inventory Reconciliation Accuracy: Maintain ≥ 99% accuracy in stock reconciliation. - Stock Variance: Ensure monthly stock variance does not exceed ≤ 1%. - Reporting Timeliness: Submit monthly inventory reports within 3 working days after month-end. - Audit Compliance: Achieve ≥ 95% compliance rating during internal and external stock audits. - Obsolete Stock Monitoring: Identify and report ≥ 100% of slow-moving and obsolete stock within reporting timelines. Required Qualifications: & Experience - Bachelor’s degree in Accounting, Finance, or related field. - Must be a Chartered Accountant (ICAN, ACCA, or equivalent). - Minimum of 5 years post-graduate experience, with at least 3 years in a manufacturing environment. - Must reside in Lagos or Ogun State, within proximity to Mowe. Skills: & Competencies: - Strong knowledge of inventory accounting, controls, and reconciliation. - Proficiency in MS Excel and ERP/accounting software. - Strong analytical and problem-solving skills. - High attention to detail and accuracy. - Ability to work under pressure and meet tight deadlines. - Excellent communication and collaboration skills.