Inventory Accountant at Health Plus Limited

Job Description

Report to the Chief Financial Officer

• To assist the CFO in developing, establishing and implementing inventory policies and procedures.

Inventory Management

• Maintain and update the Inventory Database of the Company.
• Alert Management on poor stock management practices observed and initiate actions to mitigate possible losses.
• Ensure proper, accurate, timely and relevant financial records are maintained.
• Ensure that there are duly authorized documentary approvals for all data entered into the Inventory Database.
• To ensure effective liaison between the Supply Chain Management Team, Internal Control, Accounts and other User Departments on matters relating to inventory management.
• Handle Goods returned by adjusting such stock item(s) out of the Vendors Account; printing the adjusted Vendor’s invoice and passing same to the Store and the Accounts Department.
• Maintain acceptable and accurate inventory levels at the store and retail outlets
• Support annual physical inventory process across branch network.
• Work closely with Procurement, Store and Field Management to assure proper inventory control and accounting practices.
• Support the Company budgeting process with Account Analysis.
• Coordinate with Accounts Department 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 inventory levels and locations to Management.
• Coordinate with Store Team to implement and ensure control system to reduce damage, breakage, expiration, short-dating, etc.
• Assist other functional units within the Finance team in carrying out jobs as and when required by Management.
• Ensure that goods received by Store are matched with the actual invoices from the suppliers in the RetailPro system.

Reporting

• Report shortfalls and surplus inventory weekly and monthly for replenishment
• Prepare and distribute daily, weekly, monthly and ad-hoc inventory levels and consumption reports to all the relevant departments

Desired Qualities

• Bachelor’s degree/HND in Accounting with 5 years relevant experience
• Demonstrable experience in the same capacity
• Ability to handle people, processes and products
• Sound analytical and strategic thinking skills
• Innovative and forward thinking, with a track record of executing new ideas
• Excellent organisational skills
• High level 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
• Experience in the use of ERP
• Understanding of the principles of IFRS in relation to Inventory
• Influential leadership, managerial and communications skills