Inventory Coordinator at Promasidor

Job Objectives

• The Inventory Coordinator will be responsible for overseeing and managing inventory accounting and physical controls, ensuring efficient stock movement, storage, and control. The Inventory Coordinator will monitor, evaluate, and report inventory-related metrics, collaborating with production, procurement, and finance teams to maintain ideal inventory levels and effective reporting.

Key responsibilities

Coordinate all activities of the Stock Control Unit:

• Stock movement monitoring - Main/Sub-ledger reconciliation
• Carryout constant Physical vs Business Central stock balance reconciliation
• Responsible for POS/Diesel and other inventory related items reconciliation
• Processing of claims for stock losses/damages
• Responsible for effective and quality quarterly stock-taking exercise across all inventory locations
• Carryout required ad-hoc discrepancy anomaly report investigation and stock adjustments
• Effectively coordinate faulty and expiring stocks across all inventory locations
• Stock provisioning through effective aging process
• Be involved in waste-to-wealth operation (animal feed sales)
• Implementation and regularly review of stock policy for relevance and consistency
• Constantly monitoring of work-in-progress items.
• To assess and evaluate stock and review adequacy of provisions in the books and recommend adjustment where necessary.
• Analyze inventory metrics (such as Days Sales of Inventory, Inventory Turnover, and Stock-to-Sales Ratio) to identify improvement areas and track progress
• Regularly audit inventory processes and adjust controls to reduce risk of stock loss, shrinkage, and other risks
• Constantly monitor adjust cost function and ensure no negative inventory
• Ensure no Surprises in inventory management
• Lead and motivate the inventory team

Ownership and reconciliation of purchase accrual accounts

• Investigation, follow up and resolution of purchase order-related issues
• Posting of purchase accrual adjustments

Business Partnership

• BOM analysis
• Monthly weighted average price tracking.
• Cost of sale data support for naked margin analysis
• Monthly inventory flash.
• Group insurance analysis support
• Ad-hoc analysis

Job Requirements

• BSc/HND in Accounting, Finance, Banking, Banking and Finance Economics or any related discipline.
• Professional Qualification: ACA or ACCA.
• Computer literacy and advance user of excel is required

Experience

• Five years’ experience of which at least three must have been in the manufacturing sector

Knowledge & skills

• Sound Knowledge of the Nigerian Accounting Standard & IFRS
• Advance user of excel
• Advance analytical skills
• Advance financial modelling

Personal Attributes

• Good Communication skill
• Interpersonal Relationship
• Team Building Spirit
• Ability to work under pressure
• Ability to impact knowledge on subordinates
• Ability to use Excel, Word and PowerPoint applications
• Attention for details