Head Finance, Inventory at Dangote

Job Summary

Dangote Cement is seeking an experienced Head Finance, Inventory to oversee the efficient management of inventory, ranging from raw materials to finished goods, across multiple production facilities. This position is responsible for planning, organising, and controlling inventory levels to meet production demands while minimising excess or obsolete stock.

Key Duties and Responsibilities

• Develop and implement inventory strategies to optimize stock levels and ensure on-time production.
• Monitor and adjust inventory parameters, such as reorder points and safety stock, to balance supply and demand effectively.
• Conduct regular physical inventory counts and reconcile discrepancies.
• Implement inventory control procedures to minimize losses due to theft, damage, or obsolescence.
• Collaborate with suppliers to ensure timely and cost-effective delivery of raw materials.
• Negotiate favourable terms and agreements with suppliers to enhance inventory management.
• Work closely with production, sales, and other relevant departments to forecast demand accurately.
• Utilize demand forecasting tools and historical data to plan inventory levels effectively.
• Generate regular reports on inventory levels, turnover, and stock accuracy.
• Provide management with insights and recommendations for continuous improvement.
• Coordinate with production, logistics, and procurement teams to align inventory with production schedules and market demand.
• Ensure compliance with all relevant laws and regulations related to inventory management.
• Implement safety measures to safeguard the inventory and warehouse facilities.

Requirements

Education and Work Experience:

• Bachelor’s degree or its equivalent in Accounting, Finance, Supply Chain Management, Economics or a related field.
• Relevant professional certification (e.g. ACA, ACCA, CIMA, CFA).
• A Minimum of Eighteen (18) years relevant experience.

Skills and Competencies:

• Good understanding of trends, challenges, opportunities, regulations and legislations relating to the cement manufacturing industry.
• Good understanding of micro and macroeconomic indices and their impact on the cement business.
• Experience in strategic financial planning and analysis.
• Strong finance and accounting knowledge, including experience with International Financial Reporting Standards (IFRS).
• Demonstrated experience in planning, budgeting and forecasting activities.
• Significant experience in the use of financial systems including SAP.
• Good leadership and people management skills.
• Good communication and networking skills.
• Good presentation and facilitation skills.
• Good problem solving skills.
• High ethical standards and integrity.