Stock Auditor at International Energy Services Limited (IESL)

JOB PURPOSE / OBJECTIVE

• The purpose of a Stock Audit Service is to ensure the accuracy, integrity, and compliance of inventory records within an organization.

KEY RESPONSIBILITIES:

• Implement Yearly Stock Audit plan covering all Renaissance storage locations including those in third party warehouses.
• Conduct yearly and ad hoc stock audits in all Renaissance storage locations to ensure that inventory control decisions are based on accurate stock information.
• Identify discrepancies between physical inventory and system records and investigate the root causes.
• Ensure adherence to company policies, procedures, and industry standards in stock management.
• Prepare audit reports detailing findings, discrepancies, and recommendations for corrective actions.
• Analyse inventory data to identify trends, variances, and opportunities for continuous improvement.
• Collaborate with warehouse and Supply Base teams to ensure effective stock auditing for the company.
• Conduct yearly and ad hoc stock audits in all Renaissance storage locations to ensure accurate inventory records so that inventory quantity in SAP system corresponds with the physical stock quantity on the shelves.
• Identify potential risks in inventory management such as inventory pilferages, inventory damages and bad inventory handling for continuous improvement.
• Identify obsolete, rusted, expired, deteriorated/ damaged and materials having leakages for immediate preservation and refurbishment during the stock count to reduce rate of replenishment as well as encouraging cost saving.
• Conduct yearly and ad hoc stock audits in all Renaissance storage locations to improve the overall warehouse operations by highlighting any weak warehousing processes and business controls to deter pilferages or fraudulent practices.
• Identify surplus materials in the warehouse not coded into SAP for necessary mass upload.

Qualifications/Experience:

• Bachelor’s degree or HND in Accounting, Finance, Business Administration, Supply Chain Management, or related field.
• Professional certifications (e.g., ICAN, ACCA) are an added advantage.
• 5–7 years of experience in inventory management, auditing, or supply chain roles.
• Familiarity with ERP systems (SAP, Oracle) is often required.

Core Competencies:

• Clear reporting and ability to explain findings to non-financial stakeholders.
• Competence in Microsoft Excel and inventory software.
• Ability to investigate and resolve stock discrepancies.
• Strong ethical standards and impartiality in audits.
• Ability to spot inconsistencies and errors in stock records and physical counts.
• Strong skills in analyzing data, identifying trends, and interpreting audit results.
• High ethical standards and impartiality in reporting findings.
• Understanding of inventory workflows and control procedures.
• Ability to clearly document and present audit findings to stakeholders.
• Capable of investigating discrepancies and recommending corrective actions.
• Efficient in planning and executing audits within set timelines.

Technical & Soft Skills:

• Proficiency in Microsoft Excel (pivot tables, VLOOKUP, etc.)
• Experience with inventory management software or ERP systems.
• Basic knowledge of accounting principles and audit procedures.
• Team collaboration and stakeholder engagement.
• Adaptability to different warehouse environments and systems.
• Conflict resolution and negotiation (especially when discrepancies arise).