Inventory Accountant in Lagos, Nigeria

at Healthplus

Healthcare / Medical
Minimum Qualification
Bachelor's Degree
Required Experience
3 - 5 years
Employment Type
Full Time
Male or Female
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Job Description

Key elements of the role

  • Report to the Chief Financial Officer
  • Assist in establishing and implementing inventory policies and procedures
  • Report shortfalls and surplus inventory weekly and monthly for replenishment
  • Alert management on bad stock management practices noticed and initiate actions to mitigate possible losses
  • Ensure proper, accurate, timely and relevant financial records are maintained
  • Maintain and update the inventory data base of the company
  • Ensure that there are duly authorized documentary approvals for every data that is to be entered into the inventory data base
  • To ensure effective liaison between the supply chain management team, audit, user departments and the finance department on matters relating to inventory management
  • Prepare and distribute daily, weekly, monthly and ad-hoc inventory levels and consumption reports to all the relevant departments
  • Handle goods returns by adjusting the stock item out of the vendors account and printing the adjusted vendors invoice and passing same to the storekeeper and the accounts payable accountant
  • Maintain acceptable and accurate inventory levels at warehouse and retail outlets
  • Support annual physical inventory process across branch network
  • Work closely with Purchasing department, Warehousing Operations, and Branch management to assure proper inventory control and accounting practices
  • Support the Company budgeting process with account analysis
  • Coordinate with accounting to ensure that all product costs are properly taken in the cost of sales and inventory costs
  • Perform margin analysis by SKU, category and by branch
  • Responsible for communicating with all department managers and purchasing on inventory levels and locations
  • Ensure that goods received by warehouse are matched with the actual invoices from the suppliers in the ERP system
  • Coordinate with warehouse team to implement and ensure control system to reduce damage, breakage and inventory obsolescence
  • Assist other functional units within the Finance team in carrying out jobs as and when required by the management

Desired Skills & Experience

  • Bachelor's degree in Accounting with 5 years relevant experience
  • Ability to handle people, processes and products
  • Sound analytical and strategic thinking skills
  • Influential leadership, managerial and communications skills
  • Innovative and forward thinking, with a track record of executing new ideas
  • An understanding of GAAP in relation to inventory
  • Familiar with the Group’s ERP
  • Excellent organisational skills
  • High standard of attention to detail
  • Good problem solving and decision making skills
  • Good negotiation and persuasion skills
  • Strong proficiency in the use of Microsoft Office Suite.


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