Inventory Accountant at Neveah Limited

Role Overview

A reputable organization seeks a dedicated Inventory Accountant to monitor, value, and reconcile inventory movements to ensure accurate financial reporting and strong internal control of stock. This 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 including 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

Performance Key Indicators (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

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or related field
• Chartered Accountant qualification (ICAN, ACCA, or equivalent)
• Minimum of 5 years post-graduate experience, with at least 3 years in a manufacturing environment
• Must reside in Lagos