Inventory Accountant at Neveah Limited

Role Overview

• The Inventory Accountant will be responsible for monitoring, valuing, and reconciling inventory movements to ensure accurate financial reporting and strong internal control of stock.
• The role requires close collaboration with storekeepers, procurement, operations, and finance teams to ensure inventory integrity across all processes.

Key Responsibilities

• Maintain and reconcile inventory records in ERP and accounting systems.
• Track all stock movements (receipts, issues, transfers, and adjustments).
• Perform monthly stock counts and variance analysis in collaboration with storekeepers.
• Monitor inventory valuation methods (FIFO, Weighted Average, etc.) to ensure compliance with IFRS.
• Review and report slow-moving, obsolete, or damaged stock.
• Liaise with procurement and operations teams to ensure inventory accuracy.
• Support cost accounting in preparing COGS and production-related reports.
• Enforce internal control procedures for material receipt, storage, and issuance.
• Prepare periodic inventory and consumption reports for management decision-making.
• Assist auditors during stock audits and year-end reviews.

Smart KPI

• Inventory Reconciliation Accuracy: Maintain ≥ 99% accuracy in stock reconciliation.
• Stock Variance: Ensure monthly stock variance does not exceed ≤ 1%.
• Reporting Timeliness: Submit monthly inventory reports within 3 working days after month-end.
• Audit Compliance: Achieve ≥ 95% compliance rating during internal and external stock audits.
• Obsolete Stock Monitoring: Identify and report ≥ 100% of slow-moving and obsolete stock within reporting timelines.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or related field.
• Must be a Chartered Accountant (ICAN, ACCA, or equivalent).
• Minimum of 5 years post-graduate experience, with at least 3 years in a manufacturing environment.
• Must reside in Lagos or Ogun State, within proximity to Mowe.

Skills & Competencies:

• Strong knowledge of inventory accounting, controls, and reconciliation.
• Proficiency in MS Excel and ERP/accounting software.
• Strong analytical and problem-solving skills.
• High attention to detail and accuracy.
• Ability to work under pressure and meet tight deadlines.
• Excellent communication and collaboration skills.