Head of Inventory and Cost Accountant at Jumia Nigeria

Introduction to the Role

As Head of Inventory and Cost Accounting you work directly with the CFO and the Head of the Accounting department. You will be responsible for overseeing and supervising the day-to-day operations of the Inventory Accounting department and for all inventory accounting functions.

The position of Head of Inventory and Cost Accountant entails:

• Monitoring inventory transactions, responsible for the COGS bookkeeping and recording all transaction in the warehouse relating to receiving and issuing goods
• Preparing monthly journal entries as needed and performing month-end reconciliations of inventory-related accounts payable ledger amounts
• Reviewing and validating open balances associated with Inventory PO’s while working closely with business partners
• Developing inventory analysis reports and analyzing variances
• Assisting in the improvement in internal controls related to inventory
• Execution of the periodic inventory physical count
• Reconciling the inventory in Nav Accounting system with OMS and justify any differences.
• Monitoring the slow moving items according to inventory aging, flagging the impaired items to be sold quickly or making provision according to the company’s inventory policy
• Controlling and tracing lost items from the warehouse to be charged accurately in income statement
• Performing month-end account reconciliations of inventory subsystems and general ledger.
• Assist the field with OMS issues related to inventory

Profile Requirements

A successful candidate will fulfill the following requirements:

• A minimum of 6 years’ experience as an Inventory or Cost Accountant.
• AA or Bachelor’s Degree in Finance or Accounting required.
• CPA designation highly desirable
• Familiarity with retail accounting and retail inventory
• Experience handling large accounts as well as an understanding of GAAP in relation to inventory
• Experience with or curiosity for IT systems and ERP systems. E-commerce is 50% IT, so you must not be afraid of systems
• Demonstrate proficiency in PC based accounting software (NAV experience preferred)
• Ability to work well under pressure, to meet changing priorities and deadlines
• Strong supervisory skills and ability to handle questions and problems in a timely manner
• Ability to communicate effectively with internal and external affiliates and clients
• Strong analytical and problem-solving skills. We are building ventures from scratch, learning and solving problems along the way
• Hands-on attitude. E-commerce is 50% operations, so you must not be afraid of rolling up your sleeves and getting your hands dirty
• Strong drive and ability to implement change in fast moving organizations
• Willingness to make decisions as necessary and appropriate in accordance with company policies. Self-starter who will take initiative to effect positive change
• Ability to work independently, as well as in a team environment
• Strong organizational skills

• Accuracy and attention to detail