Inventory Manager at Food Concepts Plc

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.

Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).

We are recruiting to fill the position below:

Job Title: Inventory Manager

Location: Lagos
Employment Type: Full-time

Job Purpose

• To monitor the net worth of goods and maintain accurate records at all times, whilst helping to determine the organization’s profitability and accuracy of financial statements

Core Responsibilities and Key Result Areas
Inventory Management:

• Ensure proper treatment of , inter-store/ inter-branch transfer Note and Shipment report from the warehouse to QSR locations
• Monitor daily stock movement   i.e Inter-store transfers
• Post all inventory journals ( inventory depletion on a monthly basis) on system in use (Oracle)
• Compute all direct cost and other related inventory consumptions;  Diesel Usage, Gas consumption & General Consumable and post into the respective ledgers
• Reconcile store by store Cost of Sales, Diesel, Gas & General consumables reconciliation with store managers
• Perform monthly price update of GP template used in the store
• Coordinate monthly inventory count activities.

Analysis and Reporting:

• Prepare monthly Stock Usage Analysis and Variance Analysis
• Perform valuation of all closing stock includes diesel, Gas and other consumables
• Reconcile stock count sheet with GP report from QSR stores
• Prepare stock count report for management decision
• Reconcile all inventory ledgers with the inventory valuation report
• Prepare change Price impact on gross profit report
• Key Performance Indicators
• Timeliness of stock usage and variance analysis
• Timelines of  cost of sales report for monthly profit or loss
• Timeliness of monthly stock count report
• Accuracy of the inventory valuation reports

Job Specifications

• A good first degree in Accounting  or Finance
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
• Membership of the ICAN, CFA, ACCA or any other related professional qualification is required.
• Minimum of 4-5  years’ experience in a similar role 
• Decision Expectations
• Enforce agreed decisions
• Ensures accurate stock reporting
• Monitor daily stock movement
• Reconciles inventory ledgers with inventory valuation report

Knowledge Requirements:

• Knowledge of Accounting and Financial Management
• Knowledge of Financial Analysis
• Knowledge of operations in the Food/QSR Industry
• Knowledge of process of recording raw goods, overhead costs and variable costs.
• Knowledge of GAAP
• Knowledge of various inventory methods.

Application Closing Date
Not Specified.