Location: Ngong road, Nairobi
Our client, a retail and distribution company, is looking for a competentInventory and Cost Accountantto join their team.
Job Profile:This position is responsible for accounting and reconciliation of inventory, timely identification and resolution of inventory discrepancies as well as perform physical inventories.
Responsibilities
Inventory
Devise ways to optimize inventory control policies
Enforce compliance with company’s inventory policies and operational guidelines
Conduct inventory control audits, variance analysis, store returns and physical inventory count reconciliations
Ensure product stock is adequate for all distribution channels
Record daily deliveries and shipments to reconcile inventory
Partner with management to place orders to replenish stock avoiding insufficiencies or excessive surplus
Collaborate with warehouse employees and other staff to ensure business goals are met
Report to management on stock levels, issues etc.
Evaluate performance using key metrics and address issues to improve it
Develop exit strategies for unsuccessful products
Data & Financial Analysis
Reconcile inventory accounts to the general ledger
Regulary develop inventory analysis reports and analyze variances
Monitor purchase cost to determine price and desired profit margins
Diagnose the cause of inventory discrepancies/variances
Analyze data to anticipate future needs
Undertake sound financial management to ensure the company is profitable and stays within budget
Report to senior executives on progress and issues
Identify customer preferences and forecast consumer trends
Assist upper management in buying decisions
Negotiate terms of agreements to achieve the best deal for the company
Monitor stock levels and make plans for buying within budget
Create reports on sales and budgets and adjust strategies accordingly
Make forecasts for product demand to ensure the sustainability of inventory
Stores Management
Enforce compliance with company’s inventory policies and operational guidelines
Forge and maintain trust relationships with vendors to promote fair dealing
Place appropriate orders to ensure product availability that meets consumer demands
Liaise with marketing teams to determine competitive pricing and promotional activities of a product category
Qualifications
Minimum of 4 years experience as a Cost Accountant, Cost Analyst, Inventory Manager or similar role
Understanding of GAAP in relation to inventory
Excellent knowledge of data analysis and forecasting methods
Ability to accurately track inventory and create reports
Strong business acumen with a strategic orientation
Knowledge of inventory performance evaluation metrics and principles
Up to speed with purchasing best practices
Demonstrable aptitude in effective negotiating
An analytical mind with strong math skills
Excellent organizational and planning skills
Proficient in MS Office; working knowledge of Sage is an advantage
Exceptional communication and interpersonal abilities
Reliable and trustworthy
