Inventory Accountant Needed in Lagos

Job Description

Job Title: Inventory Accountant

Location: Lagos

Responsibilities
Inventory Management:

Maintain accurate inventory records, including tracking inventory levels, costs, and movements.
Perform regular inventory reconciliations to ensure that physical counts match recorded quantities.
Monitor inventory turnover rates and assist in identifying slow-moving or obsolete inventory.

Financial Reporting:

Prepare and review inventory-related financial statements, including cost of goods sold (COGS) and gross margin calculations.
Analyze inventory data and prepare reports on inventory performance and variances.
Assist with month-end and year-end closing processes related to inventory.

Accounting Duties:

Record inventory transactions in the general ledger and ensure proper classification and allocation.
Reconcile inventory accounts and resolve any discrepancies or issues.
Assist with the preparation of inventory-related journal entries and adjustments.

Audit and Compliance:

Support internal and external audits by providing necessary documentation and explanations related to inventory.
Ensure compliance with accounting policies, procedures, and regulatory requirements.

Collaboration:

Work closely with the procurement and supply chain teams to ensure accurate inventory planning and forecasting.
Coordinate with the sales and operations teams to address inventory-related issues and optimize inventory levels.
Provide support and training to other departments on inventory accounting matters.

Process Improvement:

Identify and implement improvements to inventory accounting processes and systems.
Stay updated on industry best practices and accounting standards related to inventory management.

Requirements

Bachelor’s Degree in Accounting, Finance or Business.
1-2 years of relevant work experience, including knowledge of GAAP.
Experience examining, analyzing, and interpreting accounting systems, records, and reports.
Excellent interpersonal communication and problem-solving skills.
Ability to multi-task and prioritize workload.
Ability to be an effective team member and display initiative.
Strong work ethic and attention to detail – eager to learn and grow within the organization.
Ability to handle confidential information in a discreet, professional manner.
Proficient with Microsoft Office suite, especially Excel.
Experience with ERP / Financial systems.

Application Closing Date
9th December, 2024.

How to Apply
Interested and qualified candidates should send their CV to: hr@khenpro.com using the job title as the subject of the mail.