Inventory Accountant at Sara. O Events Company

Sara. O Events Company, an events, design and decoration company in Lagos, is recruiting suitably qualified candidates to fill the position below:

Job Title: Inventory Accountant

Location: Lagos
Employment Type: Full-time

Job Summary

• The Inventory Accountant is responsible for overseeing and managing all financial aspects related to inventory within the organization.
• This role involves tracking and reconciling inventory transactions, maintaining accurate stock records, monitoring variances, and collaborating with other departments to ensure efficient inventory control.
• The Inventory Accountant plays a crucial role in ensuring inventory valuation aligns with financial reporting standards and organizational policies.

Key Responsibilities

• Record and reconcile inventory transactions, including purchases, sales, returns, and transfers.
• Maintain accurate and up-to-date inventory records in accounting systems.
• Calculate inventory valuation using methods such as FIFO, LIFO, or weighted average as per company policy.
• Prepare regular inventory reports, including month-end and year-end close processes.
• Conduct periodic inventory counts and reconcile discrepancies.
• Monitor stock levels to ensure inventory accuracy, flagging issues with stockouts, overages, or damages.
• Collaborate with the Inventory Supervisor to address variances and improve inventory control practices.
• Generate monthly and quarterly inventory cost reports and variance analyses.
• Assist in budgeting and forecasting inventory requirements and related costs.
• Support internal and external audits by providing accurate and timely inventory-related information.
• Identify and implement process improvements to strengthen inventory controls and reduce risk of errors.
• Ensure accurate data entry and system integrity within inventory modules.

Qualifications

• Bachelor's Degree / HND in Accounting, Finance, Business Administration.
• 2 years of experience in inventory management, accounting, or a similar role.
• Strong knowledge of accounting principles related to inventory.
• Excellent attention to detail, analytical, and problem-solving skills.
• Strong communication skills for collaboration across departments.
• Experience in inventory-heavy industries (e.g., manufacturing, retail, or logistics) is advantageous.
• Familiarity with Generally Accepted Accounting Principles (GAAP) is a plus.

Salary
N200,000 monthly.

Application Closing Date
22nd November, 2024.