Inventory Accountant at Golden Oil Industries Limited

Golden Oil Industries Limited was incorporated in Nigeria on 8th September, 1988, and has grown into a household name in Nigeria's edible oil's industry. The company's focus is to provide healthy oil as a cooking medium to its customers. The company is Nigeria's trusted name for supply of refined palm oil, palm kernel oil, olein, soybean Oil, stearin, soybean meal, soy lecithin, and palm kernel de-oiled cake. Our oils are used as healthy cooking medium. Soybean meal and palm kernel de-oiled cake are used in premier poultry / animal feed.

The company's products have been duly certified by the appropriate regulatory agencies Such as the National Agency for Food and Drug Administration and Control (NAFDAC), Standard Organization of Nigeria (SON) and National Environmental Standards and Regulations Enforcement Agency (NESREA). Golden Oil has modern processing technology and plants, which can be compared to worldwide standards. The company has highly trained seasoned oil experts, who's commitment is to delivering healthy oil to Nigerian consumers.

We are recruiting to fill the position below:

Job Title: Inventory Accountant

Location: Ogun
Job type: Full-time

Job Summary

• This role is entitled to manage inventory accounting and remittance processing. 
• The ideal candidate will ensure accurate inventory records, timely reconciliation of stock, and proper handling of remittance collections and deposits. 
• This role requires strong analytical skills and the ability to work cross-functionally with operations, logistics, and finance teams. 
• Your contributions will directly impact the financial health and compliance of the company.

Responsibilities

• Maintain accurate records of inventory transactions, including purchases, transfers, adjustments, and disposals.
• Perform regular reconciliation between physical stock and system records.
• Support periodic inventory counts (cycle and physical) and investigate discrepancies.
• Work with warehouse and procurement teams to ensure inventory accuracy and control.
• Monitor and record all cash, bank, and electronic remittances from sales, branches, or agents.
• Reconcile daily remittances against sales and deposit records.
• Investigate and resolve remittance discrepancies or delays with internal teams or external partners.
• Maintain remittance logs and prepare reports for finance and audit purposes.
• Ensure compliance with statutory and regulatory requirements related to inventory, taxation, and reporting.
• Assist in the development and implementation of inventory-related internal controls and risk mitigation strategies.
• Prepare journal entries and account reconciliations related to inventory and compliance activities.
• Prepare and submit compliance reports to management and regulatory authorities, as required.
• Recommend and implement process improvements to enhance accuracy and efficiency.

The Person

• Bachelor’s Degree in Accounting, Finance, or a related field.
• Professional qualification is an advantage
• 4–6 years of experience in accounting, preferably with exposure to inventory and compliance and remittance handling.
• Experience in retail, distribution, FMCG, or logistics sectors (preferred).
• Strong knowledge of accounting principles (GAAP/IFRS).
• Proficiency in Microsoft Excel (pivot tables, lookups, etc.).
• Experience with ERP or accounting software (e.g., SAP, Oracle, QuickBooks, NetSuite).
• High attention to detail and accuracy.
• Strong analytical and problem-solving skills.
• Good organizational and communication skills.

Salary
N300,000 - N400,000 / Month.

Application Closing Date
31st May, 2025.

Method of Application
Interested and qualified candidates should send their CV to: career@goldenoiltd.com using the job title as the subject of email.