Inventory Accounting Manager at Jumia Nigeria

Job Description
Objective:

• Reporting to the Chief Financial Officer, the Inventory Accounting Manager will manage all aspects of accounting for inventory, including day-to- management of the accounts payable department, month end journal entries, account reconciliations, reserve calculations, accounting controls and procedures, variance analyses, bank reporting and assistance with the physical inventory.

Responsibilities

• Responsibility of Outright, Consignment and Marketplace Inbounding, Invoicing and Item reconciliation
• Responsibility and accountability for all of the Inventory GL accounts on the balance sheet from data entry to reconciliation of the Inventory GL accounts
• Develops inventory analysis reports and analyzing variances and provides recommendations to management regarding process improvements
• Assists in the improvement in internal controls related to inventory
• Monitors inventory transactions to ensure accuracy of all inventory related activities as they relate to the general ledger
• Reconciles inventory accounts to the general ledger
• Works with impacted departments to design process improvements, which strengthen the inventory controls and results in reduced inventory shrinkage
• Works with Operations to identify, review and resolve inventory, margin and shrinkage issues
• Manages the physical inventory process, and determine target shortage areas and formulate ideas to combat them
• Develops and implement procedures that improve company shrinkage

Qualification & Experience

• Bachelor's Degree in Finance or Accounting or related field, MBA is an added advantage
• 7 years of experience as an inventory or cost accountant with at least 5 years of experience as a manager in an inventory accounting function
• Professional qualification must be ACCA, ACA
• Retail and/or Manufacturing industry experience highly desired
• Working knowledge of inventory cost flows and the related impact on financial statements
• Ability to effectively multitask, problem solve, and prioritize
• Detailed, methodical, and organized approach to tasks
• Sound communication and interpersonal skills with a customer service focus
• Excellent numeric skills with a sound logical approach to analytics
• Adequate knowledge of the E-commerce Industry