Inventory Accountant at Dangote Industries Limited

Dangote Group is one of Nigeria’s most diversified business conglomerates with a hard – earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.

We are recruiting to fill the position below:

Job Title: Inventory Accountant

Location: Apapa, Lagos

Job Summary

• The Inventory Accountant is responsible for accurate accounting, valuation, control, and reconciliation of inventory across raw materials, consumables, work-in-process (WIP), by-products, finished goods, and spares in a continuous sugar refinery environment.
• The role ensures inventory integrity in SAP, compliance with accounting standards, and close coordination between operations, stores, production, and finance.

Key Responsibilities
Inventory Accounting & Control:

• Maintain accurate inventory records for raw sugar, chemicals, consumables, packaging, WIP, finished goods (sugar, molasses, by-products), and engineering spares.
• Ensure correct valuation of inventory in line with company policy and accounting standards (FIFO / Weighted Average).
• Monitor and analyze inventory movements, adjustments, and consumption trends.
• Investigate variances, shortages, and excess stock.

SAP Operations & Data Integrity:

• Ensure all material movements are correctly posted in SAP (GR, GI, transfers, consumption, production postings).
• Reconcile SAP inventory balances with physical stock and general ledger.
• Support month-end and year-end closing activities related to inventory.
• Resolve posting errors, incorrect valuations, and master data issues.

Physical Stock Verification:

• Plan and conduct periodic stock counts (daily/weekly/monthly cycle counts).
• Participate in annual physical inventory and surprise checks.
• Investigate discrepancies and prepare variance reports with root cause analysis.

Costing & Production Support:

• Support process costing for continuous sugar manufacturing.
• Analyze material consumption vs. standard norms and highlight abnormal losses.
• Monitor process losses, wastage, and recoveries specific to sugar refining.

Reporting & Compliance:

• Prepare inventory reconciliation statements, aging analysis, and reports on slow-moving/obsolete inventory.
• Ensure compliance with internal controls, audit requirements, and statutory regulations.
• Provide inventory-related data for internal and external audits.

Coordination & Communication:

• Work closely with stores, production, procurement, and finance teams.
• Act as the finance point of contact for inventory and material management matters.

Qualifications & Experience

• B.Sc. in Accounting, Finance, or Commerce (Professional certification such as ACA / ACCA preferred).
• 3–7 years of experience in inventory accounting in manufacturing (preferably Sugar Industry, FMCG, or continuous process manufacturing).
• Hands-on experience with SAP MM, PP, CO & FI modules.
• Strong understanding of inventory accounting and costing principles.

Skills & Competencies:

• Excellent analytical and reconciliation skills with strong attention to detail.
• Ability to work under pressure in continuous operations.
• Knowledge of manufacturing flows in 24/7 operations.
• Familiarity with by-product accounting (molasses, bagasse) and process losses/yield analysis.
• Strong communication and cross-functional coordination skills.

Personal Attributes:

• Integrity and professionalism.
• Problem-solving mindset and ability to work independently.
• Resilience and adaptability in a fast-paced environment.

Application Closing Date
Not Specified.