Job Description
We are seeking a meticulous Inventory Officer to join our team and play a vital role in managing our inventory accounting processes.
In this position, you will be responsible for generating and analyzing comprehensive inventory reports, closely monitoring the costs associated with raw materials and production. Your expertise will be crucial in ensuring the accuracy of inventory data and contributing to the overall financial health of our operations.
Key responsibilities include reviewing purchase orders and invoices, minimizing inventory losses through vigilant control, and inspecting damaged products. You will also manage the detailed inventory of incoming and outgoing supplies, process inter-depot transfers, and prepare insightful inventory analysis reports, including variance analysis.
Furthermore, you will assist in compiling cost data for annual budgets, analyzing raw material and packaging standard costs, and generating monthly and quarterly departmental reports. This role offers a significant opportunity to impact cost accounting and financial planning within the organization.
Key Responsibilities
- Review all inventory purchase orders and invoices for accuracy before invoicing and payments.
- Minimize inventory losses by controlling unacceptable leakages, pilferages and nonchalant attitudes of Warehouse staff leading to loss of inventory and theft.
- Inspect all bad/damaged products returned from Depots and Trade before disposing/writing-off and replacement.
- Analyze and monitor raw material inventory.
- Create and maintain detailed inventory of incoming and outgoing supplies and ensuring that all purchase received are in accordance with the purchase order (PO) specifications.
- Work closely with relevant process owners to obtain necessary information and input required for compilation, documentation and analysis of costs.
- Process and post inter-depot transfers for beverage and bakery.
- Prepare inventory analysis reports and analyses variances.
- Assist in compiling cost data for preparation of annual budgets including estimates of standard cost increases for the following year.
- Assist in conducting analysis of raw materials and packaging standard costs for accuracy, on annual basis.
- Assist in generating monthly & quarterly departmental report.
Qualifications
- First degree or its equivalent in Accounting, Finance, Economics or other related discipline
- Professional Certification, e.g. ACA, is an added advantage
- Minimum of 2-3 years’ relevant experience on similar role.
To apply for this job email your details to talents@ritefoodsltd.com
