Inventory Control Officer at GZ Industries

Roles & Responsibilities

• Participates in month-end closing activities including analysis of COGM, COGS and inventory journal entries and reconciliations.
• Conducts month-end stock taking exercise of all inventory items and generate variance report.
• Provides support to production in the analysis of usage variances and in the development of product costs
• Make use Of physical inventory process in SAP to update stock variance after approval.
• Partners with financial planning and analysis and Operations teams to coordinate budgeting and forecasting, including materials, labour and overhead expense forecasting, standard cost setting, etc.
• Reconciles daily production and materials usage variance with production, QC and PPC team.
• Evaluates standard costing on an on-going basis and makes adjustments as required.
• Drives continuous improvement through trend reporting analysis and metrics management
• Carry out cost roll-up whenever the bill of materials is updated, new products are introduced or when there is a change in the components of the bills of materials.
• Monitors all inventory prices in the material ledger and reports any abnormality.

Required Education/ Qualification

• Minimum of a first degree in Accounting, Finance, Economics or any related discipline
• Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered
• Accountants (ACCA) or its equivalent is required
• MBA or a Masters' in related discipline is an added advantage
• Minimum of 3 years' experience in a similar role within the manufacturing industry.