Inventory Account Manager at Sahara Group

Purpose Statement:

• Responsible for monitoring and recording all inventory transactions in the general ledger. Identify ideal inventory method, implement, monitor and ensure adequate control mechanism.
• Oversee the entire inventory process from stock inflow and outflow. Provide real time Inventory position and monetary value of stock.

Key Deliverables

• Monitor timely and accurate capture of all inventory transactions: inflows and outflows
• Generate and analyze inventory data to determine and advise inventory cost, selling price and profit margin
• Update and maintain daily, weekly and monthly inventory report and position
• Manage the monthly financial closing for the inventory and costing processes
• Prepare monthly journal entries as required
• Identify inventory variances and causes and reconcile inventory accounts to the general ledger
• Analyze inventory related overhead cost and variable cost to ensure proper cost allocation
• Coordinate periodic physical inventory counts and maintain count records
• Provide expert advice and timely information as regards inventory to management and other units to aid decision making
• Provide information to the Commercial department to enable pricing decisions
• Oversee the entire inventory process and ensure efficiency and accuracy
• Assist in developing and documenting policies and procedures, including system requirements and internal controls
• Adhoc duties as advised by the company Knowledge/Skills:
• Strong grasp of IFRS accounting and general accounting concepts
• Must possess knowledge of taxes and statutory deductions in Nigeria
• ERP experience required, strong preference for Oracle experience
• Must have knowledge of different inventory valuation methods
• Must be able to do complex analysis required to find and address inventory variances.

Minimum Qualification/ Experience

• Must have a Bachelor's degree in Accounting, Economics or relevant field
• Relevant Professional certification such as ICAN, ACCA , CIMA or CPA
• At least 5 years post-NYSC work experience in a similar role.
• Business management experience across a range of business disciplines
• Agility to commit to an action based on logical assumptions and factual information (using analytical tools), taking into consideration resources, constraints, etc.

Personality Traits:

• Has leadership and management abilities to coordinate inventory custodians across several locations
• Possesses a passion to help team members and ability to see the big picture and plan out details
• Strong analytical prowess and detail-oriented
• Reliable, follows through on commitments
• Strong process and planning orientation
• Goal-oriented, task driven

Working Relationships:

• External customers - including International Oil Companies
• Competitors
• Cross-functional with multiple departments
• External bodies such as Board of Directors, NSE, Capital Market, etc.