To manage and reconcile all inventory-related financial transactions, ensuring accurate reporting of stock levels, movements, and valuation in compliance with internal controls and accounting standards. The Stock Accountant plays a critical role in inventory integrity, loss prevention, and financial reporting.

Job Description

Key Responsibilities:

Inventory Accounting & Reconciliation:

• Maintain accurate records of all stock transactions including receipts, transfers, issues, and adjustments.
• Reconcile physical inventory against system balances and investigate variances.
• Ensure that stock movements are correctly and promptly recorded in the ERP/accounting system.

Costing & Valuation:

• Monitor and validate stock costing, including landed costs and valuation of inventory at month-end.
• Prepare and update stock provisions for slow-moving, obsolete, or damaged items.
• Assist in cost of goods sold (COGS) calculations and stock-related journal entries.

Reporting & Analysis:

• Generate timely inventory reports for internal use and audit purposes.
• Provide analysis on inventory trends, losses, and efficiency improvements.
• Assist in forecasting and budgeting stock-related expenditures.

Stock Audits & Controls:

• Support and coordinate periodic and ad hoc stock counts (cycle counts and full physical inventory).
• Monitor stock controls at warehouses, depots, or outlets to prevent pilferage, loss, and mismanagement.
• Work closely with operations and warehouse teams to enforce inventory best practices.

Compliance & Support:

• Ensure adherence to company policies, internal controls, and relevant tax or audit requirements.
• Assist with internal and external audits relating to inventory.
• Support other finance functions as needed.

Job Requirements

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, or a related field.
• CPA (Part II or above) or equivalent professional certification.
• Minimum 3 years’ experience in inventory accounting, preferably in logistics, oil & gas, FMCG, or manufacturing sectors.
• Experience with ERP systems (e.g., SAP, Oracle, QuickBooks, Odoo) is highly desirable.
• Proficient in MS Excel, including pivot tables and reconciliations.