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  • Inventory Account Manager at Sahara Group

  • Posted on: 11 June, 2019 Deadline: Not Specified
  • View Jobs in Oil and Gas / Marine View All Jobs at Sahara Group
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  • Asharami Energy Limited, a Sahara Group Company, is an oil exploration and production company with a strategy to deliver long term and sustainable growth.

    Inventory Account Manager


    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.

    Method of Application

    Use the link(s) below to apply on company website.

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