Inventory Officer at Rite Foods Limited

Location: Ososa, Ogun state

Job Purpose

• Inventory Officer is responsible in assisting the inventory accounting process by regularly generating and analyzing inventory reports and monitoring cost of raw materials and production.
• To be responsible for the company’s cost accounting, cost of sales analysis, product costing and variance analysis

Key Responsibilities

• Review all inventory purchase orders and invoices for accuracy before invoicing and payments.
• Minimize inventory losses by controlling unacceptable leakages, pilferages and nonchalant attitudes of Warehouse staff leading to loss of inventory and theft.
• Inspect all bad/damaged products returned from Depots and Trade before disposing/writing-off and replacement.
• Analyze and monitor raw material inventory.
• Create and maintain detailed inventory of incoming and outgoing supplies and ensuring that all purchase received are in accordance with the purchase order (PO) specifications.
• Work closely with relevant process owners to obtain necessary information and input required for compilation, documentation and analysis of costs.
• Process and post inter-depot transfers for beverage and bakery.
• Prepare inventory analysis reports and analyses variances.
• Assist in compiling cost data for preparation of annual budgets including estimates of standard cost increases for the following year.
• Assist in conducting analysis of raw materials and packaging standard costs for accuracy, on annual basis.
• Assist in generating monthly & quarterly departmental report.

Qualification

• First degree or its equivalent in Accounting, Finance, Economics or other related discipline
• Professional Certification, e.g. ACA, is an added advantage
• Minimum of 2-3 years’ relevant experience on similar role.

Required Skills & Competencies:

• Inventory Control and Management Skills
• Inventory Count, Analysis and Forecasting Skills
• Cost Accounting and Management Skills
• Knowledge of Accounting Standards, Principles and Concepts.