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Inventory Control Accountant Job in Kenya

Inventory Control Accountant

Job description: The Inventory Control Accountant is primarily responsible for applying accounting principles and procedures to analyze inventory transactions, balances and financial information to properly reflect the value of inventory on the balance sheet and related transactions on the P&L as well as creating other inventory related analyses and reports.

The expectation of this role is to assume ownership of all inventory accounting responsibilities and take initiative to improve the efficiency and effectiveness of the various tasks associated with this position.

In addition, this position is expected to serve as the “go – to” person for all inventory related finance and accounting questions and be the primary resource for both internal and external audit support.

Duties and Responsibilities include the following. 

  • Additional duties may be assigned.
  • Ensure accurate and timely month-end closing tasks that include, account analysis, reconciliations, accruals, journal entries, actual to forecast variance analysis, and preparation of various internal reports
  • Analyze inventory cost variances and other accuracy issues impacting perpetual inventory records
  • Develop a strong understanding of business, inventory flow and systems. Work cross functionally to align accounting methodology for inventory reserves with business drivers  impacting those reserves
  • Responsible for  preparation and support of external audits engagements
  • Assist with planning, execution, reconciliation and reporting of physical counts.
  • Be proactive in planning and executing to meet month-end close, financial reporting deadlines and other project timelines.
  • Ensure financial records are compliant with company policies and procedures. Assist with maintaining and developing strong internal controls. Revise/create process narratives and standard operating procedures related to area of responsibility.

Desired Skills and Experience
  • Degree in Accounting or related field plus CPA Finalist.
  • Minimum of 5 years financial accounting/general ledger experience and particularly inventory/warehousing related accounting.
  • Advanced proficiency in Excel (heavy pivots and V-lookups) and Word. Ability to work with large data files.
  • Possess a high level of initiative and accountability. Constantly striving to raise the bar.
  • Strong attention to detail and accuracy required.
  • Strong interpersonal skills and excellent written and verbal communication required with a demonstrated ability in planning and organizing work.
  • Must thrive in a fast-paced, multi-tasking and dynamic environment while managing shifting priorities.
  • Demonstrable SAP ERP experience.

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