Inventory Control Accountant at Global Rainbowbird Partners

Job Summary

• Inventory Control Accountant is responsible for managing and maintaining accurate inventory records, ensuring proper stock valuation, and reconciling inventory accounts.
• They play a crucial role in tracking inventory movements, preventing discrepancies, and supporting financial reporting.

Key Responsibilities
Inventory Management & Reconciliation:

• Monitor inventory transactions, including purchases, sales, transfers, and adjustments.
• Perform regular inventory reconciliations between physical stock and accounting records.
• Investigate and resolve inventory discrepancies.

Stock Valuation & Costing:

• Maintain accurate inventory costing methods (FIFO, LIFO, weighted average, etc.).
• Ensure proper valuation of raw materials, work-in-progress (WIP), and finished goods.
• Assist in periodic cost analysis and adjustments.

Financial Reporting & Compliance:

• Prepare inventory-related reports for financial statements.
• Ensure compliance with accounting standards and company policies.
• Support audits by providing necessary inventory records and reports.

Process Improvement & Internal Controls:

• Develop and implement inventory control procedures to reduce losses and inefficiencies.
• Collaborate with warehouse and procurement teams to enhance inventory accuracy.
• Monitor inventory turnover rates and recommend improvements.

Software & System Management:

• Utilize ERP or inventory management systems for tracking and reporting.
• Assist in system updates and integration for better inventory control.

Key Skills & Qualifications

• Educational Qualification: Minimum of OND in Accounting, Finance, or a related field.
• Experience: 2+ years in inventory accounting, cost accounting, or related roles.
• Technical Skills: Proficiency in ERP systems (SAP, QuickBooks, Oracle) and Microsoft Excel.
• Analytical Skills: Ability to analyze stock trends and resolve discrepancies.
• Attention to Detail: Ensuring inventory records are accurate and compliant.
• Languages: Must be fluent in English and Igbo