SCD Inventory Associate 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: SCD Inventory Associate

Job Requisition ID: 1783
Location: Nigeria (Head Office)
Grade: 5
Reports to: Finance Manager-SCD
Department: Finance Department

Job Purpose

• To assist the SCD Finance Manager in the the day-to-day administration of stock movements across business functions within the Suply Chain team including PPU.

Core Responsibilities and Key Result Areas

• Responsible for inventory management.
• Receive documents for stock transfers and check for correctness.
• Monitor daily stock movement of SAP.
• Coordinate monthl products count in warehouse; preform quality checks on stock count process.
• Maintain accurate records of inventory levels and values in accordance with company policies and generally accepted accounting principles (GAAP).
• Perform monthly reconciliations of physical inventory counts to system records, investigating and resolving any discrepancies identified.
• Prepare and analyze inventory reports to identify trends, excess stock, and potential obsolescence, recommending actions to optimize inventory levels.
• Implement and maintain internal controls over inventory to prevent loss and ensure integrity of stock and accounting records.
• Coordinate with external auditors during audits by providing necessary inventory records and explanations for inventory accounting methods used.
• Develop and refine inventory accounting policies and procedures to improve efficiency.
• Check the computation of direct cost, diesel usage, gas consumption & general consumables for each business location within SCD.
• Assist in reconciliation of locational store cost of sales, diesel, gas & general consumables.
• Reconciliation with store managers.

Key Performance Indicators

• Timeliness of monthly stock count report.
• Accuracy of the inventory valuation reports.
• Timeliness of reporting monthly stock consumption and reconciliation
• Ensure accuracy of the inventory valuation report.
• Provision of timely inventory reports that helps in gaining visibility across the company.
• Ensure timely reconciliation of sales order reports before posting into the system.
• Timely review and validation of monthly GP reports via reconciliation of inward and outward inventory transfer within the units.
• Timeliness of stock usage and variance analysis.
• Timelines of cost of sales report for monthly profit or loss.

Job Specifications

• A good first degree in Accounting or Finance
• Membership of ICAN, ACCA, or any other related professional degree is an added advantage
• 3 - 4 years’ experience in a similar role is required.

Knowledge Requirements:

• Knowledge of Basic Bookkeeping and accounting receivables principles
• Knowledge of General accounting principles
• Knowledge of regulatory standards and compliance requirements
• Knowledge of managing accounting figures and financial records
• Demonstrates data entry skills with a knack for numbers
• Knowledge of accounting software.

Decision Expectations:

• Generate financial statements and reports detailing accounts receivable status
• Send clients complete, itemized invoice that clearly states financial terms and provides instructions for remitting payment.
• Identify and create solutions to recurring payment issues
• Remind clients at, or just before the due date, of the payment requirement.
• Support other accounting functions.

Application Closing Date
Not Specified.