Inventory Accountant at Health Plus Limited

Job Description
Key elements of the role

• Report to the Chief Financial Officer
• Assist in establishing and implementing inventory policies and procedures
• Report shortfalls and surplus inventory weekly and monthly for replenishment
• Alert management on bad stock management practices noticed and initiate actions to mitigate possible losses
• Ensure proper, accurate, timely and relevant financial records are maintained
• Maintain and update the inventory data base of the company
• Ensure that there are duly authorized documentary approvals for every data that is to be entered into the inventory data base
• To ensure effective liaison between the supply chain management team, audit, user departments and the finance department on matters relating to inventory management
• Prepare and distribute daily, weekly, monthly and ad-hoc inventory levels and consumption reports to all the relevant departments
• Handle goods returns by adjusting the stock item out of the vendors account and printing the adjusted vendors invoice and passing same to the storekeeper and the accounts payable accountant
• Maintain acceptable and accurate inventory levels at warehouse and retail outlets
• Support annual physical inventory process across branch network
• Work closely with Purchasing department, Warehousing Operations, and Branch management to assure proper inventory control and accounting practices
• Support the Company budgeting process with account analysis
• Coordinate with accounting 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 with all department managers and purchasing on inventory levels and locations
• Ensure that goods received by warehouse are matched with the actual invoices from the suppliers in the ERP system
• Coordinate with warehouse team to implement and ensure control system to reduce damage, breakage and inventory obsolescence
• Assist other functional units within the Finance team in carrying out jobs as and when required by the management

Desired Skills & Experience

• Bachelor's degree in Accounting with 5 years relevant experience
• Ability to handle people, processes and products
• Sound analytical and strategic thinking skills
• Influential leadership, managerial and communications skills
• Innovative and forward thinking, with a track record of executing new ideas
• An understanding of GAAP in relation to inventory
• Familiar with the Group’s ERP
• Excellent organisational skills
• High standard 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