Job title: Stock Accountant
Job type: Permanent
Emp type: Full-time
Industry: Manufacturing and Production
Expertise: Accounting & Finance
Salary from: KES Ksh100,000.00
Salary to: KES Ksh150,000.00
Location: Industrial Area
Job published: 2021-03-26
Job ID: 32191
Contact name: Natasha Shaikh
Contact email: admin@anzanow.co.ke

Job Description

POSITION – STOCK ACCOUNTANT

Our client, a leading and one of the largest corporate branding company is seeking to urgently recruit a Stock Accountant who will be responsible for managing and monitoring inventory.   

Job Purpose

To ensure proper management of all inventories and ensure that correct physical stocks are reported and always reconciled with the SAP Inventory balances for all the warehouses.

 

Key Duties and Responsibilities:

  • Assist in maintaining accurate stock listings.
  • Facilitate and participate in monthly and annual stock counts.
  • Perform monthly stock reconciliations of physical counts against system for all categories of inventory and highlight variances to the management.
  • Develop, implement and enforce inventory policies, procedures, adopt appropriate technology, SAP workflows and internal controls
  • Report shortfalls and surplus inventory, weekly and monthly for replenishment;
  • Ensure that goods received by warehouse are matched with the actual invoices from the suppliers;
  • Reconcile stock deliveries with purchase orders and or agreed contract terms, and raise non-conformity reports where applicable;
  • Ensure that finished goods dispatched to the customers are matched with the actual invoices issued to the customers;
  • Coordinate with warehouse team to implement and ensure a control system to reduce damage, breakage and inventory obsolescence;
  • Support accurate and timely financial reporting through ensuring all stock data is updated correctly;
  • Manage the monthly financial close process for all categories of stock;
  • Ensure proper records and classification in terms of cost and quantity of all inventory items; Finished Goods, raw materials, spare parts and other consumables;
  • Ensure stock ledger entries are properly coded and classified;
  • Carry out spot checks on stock balances in the warehouse as against the system records to capture any anomalies.
  • Assist with the preparation of schedules and/or reports required by external auditors in connection with the audit of the annual financial statements.
  • Regular review and reporting on Inventory Ageing analysis report and taking appropriate/recommended actions.
  • Handle and document approved non-routine inventory transactions i.e. stock adjustments.
  • Monitor all inventory related transactions on the SAP to ensure proper recording, completion and clean-up of incomplete transactions i.e. transfer orders, purchase orders and sales orders/return orders.
  • Diagnose and resolve causes of inventory variances/discrepancies.
  • Collate, document and report all variances reported during receipt of goods from suppliers/ inter warehouse transfers and ensure proper adjustments are done after approval by the CEO.
  • Assist the Finance Manager in other relevant tasks as assigned.

Qualifications & Skills

  • Bachelor degree in Business / Accounting / Finance or related field or Minimum CPA -K.
  • 3 years minimum experience in manufacturing industry.
  • Working Knowledge of ERP - SAP - B1
  • Specific experience in stock accounting and management is mandatory.
  • Experience in stores operations/ management.
  • Computer literate with hands on experience in use of SAP.
  • Good understanding of stock-related operational and control requirements.
  • Strong analytical and problem solving skills.
  • Team player with good communication skills.
  • Ability to work with minimal supervision.
  • Person of high integrity, honest and self-discipline.

KENYAN CITIZENS ONLY.