INVENTORY ACCOUNTANT

  • plot 1715, Idejo Street, Victoria Island, Lagos, ng
  • Full-time

Company Description

Eat 'N’ Go Limited is a restaurant group on a mission to become the premier food operator in Africa. So far, our growing family consists of three international brands, Domino's Pizza, Cold Stone Creamery & Pinkberry.
Eat ‘N’ Go limited officially started operation in August 2012 with the premier store at 4, Saka Tinubu Victoria Island, Lagos. Today, Eat N' Go has about 50 stores (outlet) across Nigeria and still growing with presence in Abuja, Lagos, Ibadan, Abeokuta, Enugu and Port Harcourt

Job Description

Purpose / Role

Main purpose of this role is to follow prescribed procedures on processing suppliers invoices for inventory items as well as fixed asset purchases. It also covers import of inventory items and Commissary / store equipment. The Inventory Accountant verifies and reviews invoices, and related support documents to ensure its compliance with the company policies and contract terms. 

 

Prime responsibilities and duties

·         Management of the inventory sub-ledger and general ledger

·         Act as financial steward to proactively minimize inventory holding levels

·         Ownership of inventory costing including the costing methodology used

·         Analysis of stock adjustment requirements

·         Ownership of transfer pricing and elimination of associated unrealized profit

·         Development of inventory aging and inventory days reports

·         Provide information to the Sales department to enable pricing decisions

·         Provide inventory financial inputs to modelling to deliver forecasts and budgets

·         Providing support to the supply chain team on inventory planning and controls

·         Serving as the go-to person on inventory accounting related matters in the supply chain

·         Providing the link bridge between the finance department and supply chain

·         Carry out all other special assignments as may be required for efficient and effective inventory management

·         Prepare stock journal and post to ERP upon obtaining the stock count report from the Internal Audit.

·         Developing of Inventory report in a timely manner for management use

·         Special Assignment as may be assigned by management.

·         Support the Company budgeting process with account analysis

·         Perform margin analysis by SKU, category and by branch

  • Develops and determines the inventory accounting methods and also analyses the inventory related reports so as to find the possible flaws in inventory storage, transportation, costing etc.
  • Monitor all the transactions related to inventory and stay updated about the inventory which has been used or the items that have be stocked up for future use.
  • Analyze the overhead costs and variable costs of the company so as to ensure smooth accountancy.
  • Check whether or not the reports made related to the inventory count is correct or not so that any kind of fraud can be avoided and timely action can be taken against the one who has deliberately made a fraud report.

Other duties

·         Any other duties and responsibilities that may be assigned from time to time.

Reports

·         Monthly Stock Variance Report

·         Monthly Purchase Report

·         Monthly Food cost report

·         Monthly Cost Control Report

Qualifications

Experience / Education Required:

·         University Degree in Accounting, Finance or related field.

·         Professional qualification ACCA, ICAN, etc.

·         6 - 8 years’ experience in the field; preferably QSR (Quick service restaurant)

·         Proficiency in Excel; Microsoft Dynamics Navision is an advantage

·         High Integrity, utmost confidentiality level

·         Good analytical skills

·         Excellent verbal and written communication skills and the ability to summarize and present complex financial data in an organized, concise manner

·         Independent, mature, self-initiative and possesses positive attitude

Ability to:

·         Make decisions and exercise sound judgment.

·         Ability to work a flexible schedule based on business needs, which may include evenings, weekends and holidays

·         Demonstrated self-starter and problem solver with excellent interpersonal skills

·         Able to work under pressure and tight deadlines and at the same time deliver time results and reports.

Team player and fast worker

Additional Information

Only qualified candidates will be contacted