Business Purpose/Objective
Manage the company’s inventory valuation, reconciliation processes, and cost analysis
Duties and responsibilities
Inventory Valuation and Reporting
Prepare weekly inventory valuation and movement reports
Ensure accurate costing of inventory items
Analyze inventory turnover and identify slow-moving items
Reconciliation and Cost Analysis
Conduct monthly physical inventory reconciliations
Perform regular cost analysis to identify variances and inefficiencies
Reconcile inventory sub-ledgers with the general ledger
Inventory Assessment and Optimization
Lead quarterly assessments of slow-moving and obsolete inventory
Collaborate with operations to optimize inventory levels
Recommend strategies for inventory reduction and cost savings
Costing and Process Improvement
Update and maintain product costing models
Identify and implement process improvements for inventory management
Ensure compliance with accounting standards related to inventory
Audit and Reporting
Coordinate and assist with annual comprehensive inventory audits
Prepare detailed inventory reports for management and auditors
Develop and maintain documentation of inventory accounting procedures
Key Metrics
Inventory turnover ratio
Days inventory outstanding (DIO)
Inventory accuracy rate
Obsolete inventory as a percentage of total inventory
Carrying cost of inventory
Gross margin return on inventory investment (GMROI)
Inventory shrinkage rate
Cycle count accuracy
Academic qualifications & skills requirements
Bachelor’s degree in Accounting, Finance, or related field
3-5 years of experience in inventory accounting or cost accounting
Strong knowledge of inventory valuation methods and cost accounting principles
Proficiency in ERP systems and advanced Excel skills
Excellent analytical and problem-solving abilities
Detail-oriented with strong organizational skills
Knowledge of GAAP as it relates to inventory accounting
CPA or progress toward CPA is a plus
Interested qualified candidates should send their CV and application letter via email hr@nani.co.ke with email MUST have subject as: job Title and expected salary. Deadline is 19th October 2024 4.00pm.
Apply via :
hr@nani.co.ke
