Retail & Inventory Accountant at Persianas Retail Limited

Job Description

• PRL is seeking a Retail and Inventory Accountant who will play a critical role in managing and monitoring inventory flow, cost control, reconciliation, and financial reporting across the retail and warehouse network.
• S/he will support the finance and operations teams by ensuring all retail sales are accurately recorded, cash receipts are verified, inventory reports are precise, and store reports are submitted on time.
• The ideal candidate will possess strong analytical skills, a detail-oriented mindset, and a solid understanding of financial controls within a retail or FMCG environment.

Responsibilities
Inventory Management & Control:

• Track and monitor inventory movement across all retail stores and warehouses.
• Conduct routine and ad hoc audits to verify inventory records, pricing accuracy, and valuation.
• Visit retail stores periodically to perform cash counts and physical inventory verification.
• Investigate variances in inventory levels and reconcile discrepancies.
• Provide inventory-related insights and reports to inform purchasing and operational decisions.

Inventory Reconciliation & Reporting:

• Perform monthly revenue reconciliations across all retail channels.
• Conduct timely and accurate bank reconciliations.
• Prepare and present detailed reconciliation reports, including findings, root cause analysis, and actionable recommendations.
• Investigate unreconciled items, escalate issues as necessary, and follow through on resolution.

Inventory Pricing:

• Maintain up-to-date inventory pricing records, ensuring accuracy in cost and retail price alignment.
• Collaborate with procurement and retail teams to implement approved price changes and margin structures.
• Ensure consistency in pricing across retail platforms and systems (POS, ERP, and reports).
• Analyze cost fluctuations and recommend adjustments to maintain profitability and compliance with company policies.

Stock count exercise – (Monthly, Quarterly, Year-end):

• Maintain up-to-date inventory pricing records, ensuring accuracy in cost and retail price alignment.
• Collaborate with procurement and retail teams to implement approved price changes and margin structures.
• Ensure consistency in pricing across retail platforms and systems (POS, ERP, and reports).
• Analyze cost fluctuations and recommend adjustments to maintain profitability and compliance with company policies.

Audit & Control:

• Conduct store-level and head office audits covering inventory, cash, and cost processes.
• Ensure timely implementation of both internal and external audit recommendations.
• Support the preparation of audit schedules and documentation for statutory audits.

Stakeholder Engagement & Collaboration:

• Collaborate with finance, store operations, and warehouse teams to ensure data accuracy and alignment of inventory records.
• Foster a culture of accountability, ethical conduct, and continuous improvement across the organization.
• Perform any other finance-related duties as assigned by the Line Manager

Qualifications

• Bachelor’s degree or Higher Diploma in Accounting, Finance, or a related field.
• Professional certification (e.g., ICAN, ACCA) is an added advantage.
• 2-3 years' experience in reconciliation and/or internal audit function.
• Strong understanding of retail financial processes.
• Strong knowledge of inventory costing methods, cost accounting principles, and financial reporting standards.
• Proficiency in Microsoft Excel and accounting software (e.g., Sage, ZohoBooks, or ERP systems).
• Strong analytical, investigative, and problem-solving skills.
• Ability to travel for periodic store visits and physical audits.

Skills:

• Attention to detail and accuracy.
• Good communication and organizational skills.
• Ability to work independently and as part of a team.
• Strong ethical judgment
• Time management and organizational skills
• Results-oriented mindset
• Ability to work independently and collaboratively
• Proactive approach to identifying and solving issues