Flour Mills of Nigeria Plc • Lagos, Nigeria • via MyJobMag

To effectively monitor all inventory transactions relating to production materials, finished goods, engineering spares, and other stock items to prevent financial exposure and ensure accurate financial control of inventory within Flour Operations.

Responsibilities

• Ensure all inventory transactions and stock transfers are correctly posted in the system.
• Perform monthly reconciliation of inventory sub-ledger with the general ledger and resolve all variances.
• Ensure adequate provision is made for stock losses and prevent prior-year adjustments.
• Implement proper controls and approval processes for stock write-offs.
• Monitor stock status to ensure correct item setup and accurate costing at all times.
• Ensure there are no negative stock balances or incorrect inventory postings.
• Monitor transit locations to ensure transfers are completed within standard timelines.
• Reconcile manual inventory records with system records to ensure accuracy.
• Prepare weekly and monthly inventory reports, including movement analysis and stock level reviews.
• Ensure all spare parts transactions are correctly recorded and monitored.

Requirements

• B.Sc. / HND in Accounting, Finance, Economics, or related Social Science discipline.
• Professional qualification ACA /ACCA or equivalent is required.
• Master’s degree will be an added advantage.
• Minimum of 5 years’ experience, with at least 3 years in manufacturing finance or inventory control.
• Experience in FMCG or manufacturing environment will be an added advantage.
• Have good interpersonal and communication skills
• Possess strong analytical and problem-solving skills.
• Have good knowledge of inventory control and manufacturing finance.

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