SCD Inventory Accountant (Associate) at Food Concepts Plc

Requisition ID: 1920

Job Purpose

• To monitor the net worth of goods and maintain accurate inventory records at all times.
• Supports financial reporting, helps control inventory levels, and ensures the integrity of cost and inventory data, whilst helping to determine the organization’s profitability and accuracy of financial statements

Core Responsibilities and Key Result Areas
Inventory Management:

• Assist the inventory Manager in day-to-day management of inventory accounting.
• Assist in collation of, inter-store/ inter-branch transfer Note and Shipment report from the warehouse to QSR locations
• Assist in monitoring daily stock movement (receipts, issues, transfers, scrapping of stock).
• Assist in Investigate inventory discrepancies and variances and recommend corrective actions.
• Prepare journals entries for inventory consumptions
• Assist in determining daily/weekly/monthly consumption of all direct cost, Diesel Usage, Gas consumption & General Consumable.
• Participate on reconciling store by store Cost of Sales, Diesel, Gas & General consumables reconciliation with store managers
• Perform monthly price update of GP template used in the store
• Assist in monthly stock count preparation and collation of reports

Analysis and Reporting:

• Reconcile stock count sheet with GP report from QSR stores
• Assist in preparing stock count report for management decision
• Assist in reconciling inventory ledgers with the inventory valuation report
• Prepare change Price impact on gross profit report

Key Performance Indicators

• Timeliness of stock usage and variance analysis
• Timelines of cost of sales report for monthly profit or loss
• Timeliness of monthly stock count report.
• Accuracy of the inventory valuation reports

Job Specifications

• A good first degree (BSC/HND) in Accounting or Finance
• Membership of the ICAN ACCA would be an added advantage
• 2-3 years’ experience in the accounting field.

Knowledge Requirements:

• Basic accounting knowledge of double entries, stock controls and stock management.
• Knowledge of various inventory methods.

Decision Expectations:

• Monitor daily stock movement
• Reconciles inventory ledgers with inventory valuation report

Working Conditions:

• Jobholders typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
• This role is largely office-based, although at times the job may require travel to meetings held off-site, or speaking on the phone.
• Jobholder must be exact in their work and be sure all details such as the stock/ asset report is accurate or void of errors, hence, the job is one to be under the best conditions.