Inventory Accountant Job Nani Employee Leasing Company (Nani EL)
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Inventory Accountant Job Nani Employee Leasing Company (Nani EL)
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
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How To Apply
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.
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