Inventory Accountant - Neveah Limited, Lagos

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.