Summary
Date Posted: Tuesday, May 07 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Overview
The Inventory & Revenue Controller manages and oversees effective preparation, analysis, and insight for inventory balances. Ensures accurate and timely close processes are in place and implements measures to identify all material transactions are appropriately recorded. As an integral member of the finance team, this position will be responsible for analyzing inventory related data to provide insight into operational performance. This position requires excellent analytical skills, experience in inventory management and variance analysis and the ability to perform at high levels in a fast- paced, dynamic environment.

Key Responsibilities
Stock Reconciliations
• Ensure that products received have been accounted for correctly in warehouses and service centres.
• Review the stock reconciliation done by Operations to determine accuracy and advise Operations of any discrepancies for correction.
• Verify the variations and ensure that reasons are provided for any adjustments other than those for shrinkage
• Visit warehouses and service centres regularly to interface with staff and ensure that the processes, corrections and stock reconciliations are being done timely and correctly
• Check the trend and reasonableness of stock losses and liaises with Operations for Corrective action.
• Circulate stock highlights report on total summary stock, variations, stock days and losses
• Lead efforts to report, manage & dispose of excess & obsolete inventory.

Reporting
• Coordinate the timeliness, accuracy and completeness of period end close activities for inventory and related inventory reserves, including journal entries, account reconciliations in accordance with reporting deadlines.
• Manage end-to-end inventory processes and provide analysis of company performance by collecting, interpreting, and presenting key reports to management
• Collaborate with FP&A, Accounts Payable, Operations, and Customer Finance to ensure accurate recording of inventory and related expenses


Inventory Valuation
• Monitor inventory accounting and related system reports for accuracy and completeness
• Ensure that inventory is correctly valued
• Ensure that product costs have been correctly captured in SAP
• Verify the accuracy of product unit costs.

Revenue Accounting
• Ensure daily booking of sales revenue in SAP
• Ensure monthly segmentation of receivable balances
• Ensure analysis of bad debts writeoffs and provisions
Internal Controls
• Assesse and evaluate the status of internal controls in stock management
• Protect integrity of inventory by establishing, monitoring, and enforcing internal controls in stock management
• Assist with the financial audits and provide recommendations for procedural improvements to ensure accounting procedures and reporting conform to generally accepted accounting principles
• Follow up on all audit findings on stock management to ensure prompt and appropriate implementation.
• Oversee internal controls in the stock management function. This entails ensuring adherence to company inventory management procedures
• Carry out a variety of technical and project related process reviews to ensure that significant risks are identified and managed appropriately by ensuring that the laid down procedures are fit for purpose.

Knowledge and skills Experience:
• Intermediate Excel skills
• Significant hands-on experience using a modern ERP system
• Solid understanding of inventory and cost accounting
• The ability to prioritize and plan department work activities
• Strong analytical, communication, organizational, and problem-solving skills.
• Extraordinary interpersonal skills to work in conjunction with other departments.
• Must be a team player who also works well independently.
• Must be able to analyze data, draw conclusions, interpret results, and make recommendations.

Qualifications:
• Bachelor’s degree in accounting or finance/ Full ACCA/FullCIMA


Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure
• Interested and qualified? Click here to apply
 
All Jobs

QUICK ALERT SUBSCRIPTION