Stock Audit Supervisor at International Energy Services Limited (IESL)

JOB PURPOSE / OBJECTIVE

• Lead stock audit processes ensuring inventory accuracy and compliance.

KEY RESPONSIBILITIES:

• Develop and implement the Renaissance annual stock audit plan covering all Renaissance storage locations, including third-party warehouses.
• Conduct planned and ad hoc stock audits to verify that physical inventory aligns with system records (SAP).
• Investigate discrepancies between physical stock and system data, identifying root causes and recommending corrective actions.
• Ensure compliance with company policies, procedures, and industry standards in inventory management.
• Prepare detailed audit reports highlighting findings, discrepancies, risks, and improvement opportunities.
• Analyze inventory data to detect trends, variances, and areas for operational enhancement.
• Ensure adherence to internal controls and regulatory requirements.
• Monitor high-risk areas such as obsolete, damaged, or slow-moving inventory.
• Collaborate with warehouse and supply base teams to strengthen stock auditing processes and controls.
• Identify and report obsolete, rusted, expired, damaged, or leaking materials for preservation or refurbishment.
• Highlight surplus materials not yet coded into SAP for mass upload and proper tracking.
• Detect and report weak warehousing practices that may lead to pilferage or fraud.
• Recommend process improvements to enhance inventory accuracy and reduce replenishment costs.
• Recommend improvements to inventory management systems and processes based on audit findings.
• Collaborate with IT and operations to implement changes that enhance accuracy and efficiency.
• Lead and train audit teams on procedures and best practices.
• Monitor performance and provide feedback to improve audit quality.
• Communicate findings and recommendations to senior management.
• Work with cross-functional teams to resolve issues and implement corrective actions.

Qualifications/Experience:

• Bachelor’s degree or HND in Accounting, Finance, Business Administration, Supply Chain Management, or a related field.
• Professional certifications such as ICAN or ACCA are an added advantage.
• 7–10 years of experience in Inventory Management, Auditing, or Supply Chain Roles.
• Hands-on experience with ERP systems like SAP.

Core Competencies:

• Strong analytical skills with the ability to interpret audit results and inventory data.
• High ethical standards and impartiality in audit execution and reporting.
• Proficiency in Microsoft Excel (including pivot tables, VLOOKUP) and inventory software.
• Ability to clearly document and communicate audit findings to both technical and non-technical stakeholders.
• Skilled in investigating and resolving stock discrepancies.
• Understanding of inventory workflows and control procedures.
• Efficient in planning and executing audits within defined timelines.

Technical & Soft Skills:

• Advanced Excel skills and familiarity with ERP systems.
• Basic knowledge of accounting principles and audit methodologies.
• Strong collaboration and stakeholder engagement abilities.
• Adaptability to diverse warehouse environments and systems.
• Conflict resolution and negotiation skills, especially when addressing discrepancies.