Job Responsibility and Accountability
Prepare, consolidate, and track inventory and costs budgets, annual plans and forecasts.
Determine and track the allocation of costs to SKUs, Categories, brands, channels, and segments.
Compare actual inventories and costs against budgets, investigate variances, communicate findings, and make recommendations for improvement.
Prepare commentaries to explain actual inventories and costs against budget and other comparatives.
Analyze trends on past and current inventories and costs to provide insights that enable the management to anticipate and plan.
Imports’ costing and verification for all inventory items including spares
Designing and maintaining robust inventories and cost controls
Risk assessment and management for inventories and costs
Accounting, monitoring, and managing insurance policies and claims.
Tracking, accounting, and reporting stock adjustments.
Responsible for inventories at all locations including goods-in-transit.
Responsible for end-to-end inventories management including cannibalization, Returns (GRNs), spare parts, scrap, disposals, capitalization, display, promotions, obsolete and saleable stocks.
Conduct risk assessments and develop mitigation plans.
Maintain a controls checklist for inventories, budgets and costs.
Prepare reconciliations and ensure all reconciling items are closed with the agreed timelines.
Ensure a relevant and effective chart of accounts is in place with all materials and sub-ledger mappings configured correctly.
Responsible for finance representation for ERP and automation initiatives related to inventories and costs
Analysing the impact on taxes and duties on costs.
Create and maintain a database of inventories and costs.
Assist in transfer pricing policy calculations and evaluation.
Develop templates for analyzing different scenarios for inventories and costs.
Identify and analyze inventory optimization and cost savings opportunities for the company.
Drive inventory and cost optimization initiatives.
Provide the management with analysis and advice on total cost optimization and allocation.
Use qualitative and quantitative techniques to gauge the efficiency and effectiveness of inventory optimization and cost utilization (e.g use of ratios).
Perform cost / benefit analysis for proposed, current and closed projects and initiatives, including new lines of business, outsourced services, leasing, pricing, discounts e.t.c
Proactively partner with and advise non-finance team members on inventory management best practices, cost control and optimization.
Work closely with the retail, sales, marketing, and supply chain teams to map out inventory and cost optimization opportunities.
Participate in the cross-functional review and analysis of inventory and total cost reports.
Assist the Financial Accountant to conduct the finance training as part of an upskilling and awareness creation program.
Go for structured trade visits to develop a deep commercial appreciation of the business.
Perform pre and post implementation evaluation of the effectiveness of inventory control and cost optimization initiatives.
Monitor and evaluate the cost efficiency of each department and inventory consignment.
Inventories, costs’ budget and tax controls / process checks & reviews
Controls and compliance: Facilitate audits and perform self-assessments on inventories and costs/tax optimization procedures, policies and initiatives.
Qualification and Experience
Bachelor’s degree in finance, accounting, economics from an accredited University.
Membership of a recognized professional accountancy body (e.g. CFA, CPA or ACCA).
Minimum 4 years’ progressive financial reporting, planning and analysis experience.
Must have served at least 2 years in a supervisory position, preferably in retail business.
Experience in working with analytics tools such as BI, Qlik, Business Warehouse e.t.c
Key Skills:
Interpretation of financial information with a commercial lens.
Excellent financial modelling skills.
High attention to detail, excellent analytical and presentation skills.
High level of integrity and confidentiality.
Ability to build collaborative relationships across the organization.
Stakeholder and risk management experience.
A strong team player with demonstrated experience in leading and working with teams.
Knowledge of commercial finance best practices.
Interested and qualified candidates should forward their CV to: careers@hotpoint.co.ke using the position as subject of email.
Apply via :
careers@hotpoint.co.ke
