Job DescriptionReport to the Chief Financial Officer
To assist the CFO in developing, establishing and implementing inventory policies and procedures.
Inventory Management
Maintain and update the Inventory Database of the Company.
Alert Management on poor stock management practices observed and initiate actions to mitigate possible losses.
Ensure proper, accurate, timely and relevant financial records are maintained.
Ensure that there are duly authorized documentary approvals for all data entered into the Inventory Database.
To ensure effective liaison between the Supply Chain Management Team, Internal Control, Accounts and other User Departments on matters relating to inventory management.
Handle Goods returned by adjusting such stock item(s) out of the Vendors Account; printing the adjusted Vendor’s invoice and passing same to the Store and the Accounts Department.
Maintain acceptable and accurate inventory levels at the store and retail outlets
Support annual physical inventory process across branch network.
Work closely with Procurement, Store and Field Management to assure proper inventory control and accounting practices.
Support the Company budgeting process with Account Analysis.
Coordinate with Accounts Department to ensure that all product costs are properly taken in the cost of sales and inventory costs.
Perform margin analysis by SKU, category and by branch.
Responsible for communicating inventory levels and locations to Management.
Coordinate with Store Team to implement and ensure control system to reduce damage, breakage, expiration, short-dating, etc.
Assist other functional units within the Finance team in carrying out jobs as and when required by Management.
Ensure that goods received by Store are matched with the actual invoices from the suppliers in the RetailPro system.
Reporting
Report shortfalls and surplus inventory weekly and monthly for replenishment
Prepare and distribute daily, weekly, monthly and ad-hoc inventory levels and consumption reports to all the relevant departments
Desired Qualities
Bachelor’s degree/HND in Accounting with 5 years relevant experience
Demonstrable experience in the same capacity
Ability to handle people, processes and products
Sound analytical and strategic thinking skills
Innovative and forward thinking, with a track record of executing new ideas
Excellent organisational skills
High level of attention to detail
Good problem solving and decision making skills
Good negotiation and persuasion skills
Strong proficiency in the use of Microsoft Office Suite
Experience in the use of ERP
Understanding of the principles of IFRS in relation to Inventory
Influential leadership, managerial and communications skills
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