Inventory Accountant at Nani Employee Leasing Company (Nani EL)

The Nani Employee Leasing Company (Nani EL) is an employer professional organization focusing mainly on leasing out low and medium cadre staff in all sectors of the economy. Specifically, Nani EL deploys well trained domestic assistants, nursery school assistants, office assistants and factory cleaners to its individual and corporate clients.

Business Purpose/Objective

• Manage the company’s inventory valuation, reconciliation processes, and cost analysis

Duties and responsibilities
Inventory Valuation and Reporting

• Prepare weekly inventory valuation and movement reports
• Ensure accurate costing of inventory items
• Analyze inventory turnover and identify slow-moving items

Reconciliation and Cost Analysis

• Conduct monthly physical inventory reconciliations
• Perform regular cost analysis to identify variances and inefficiencies
• Reconcile inventory sub-ledgers with the general ledger

Inventory Assessment and Optimization

• Lead quarterly assessments of slow-moving and obsolete inventory
• Collaborate with operations to optimize inventory levels
• Recommend strategies for inventory reduction and cost savings

Costing and Process Improvement

• Update and maintain product costing models
• Identify and implement process improvements for inventory management
• Ensure compliance with accounting standards related to inventory

Audit and Reporting

• Coordinate and assist with annual comprehensive inventory audits
• Prepare detailed inventory reports for management and auditors
• Develop and maintain documentation of inventory accounting procedures

Key Metrics 

• Inventory turnover ratio
• Days inventory outstanding (DIO)
• Inventory accuracy rate
• Obsolete inventory as a percentage of total inventory
• Carrying cost of inventory
• Gross margin return on inventory investment (GMROI)
• Inventory shrinkage rate
• Cycle count accuracy

Academic qualifications & skills requirements

• Bachelor's degree in Accounting, Finance, or related field
• 3-5 years of experience in inventory accounting or cost accounting
• Strong knowledge of inventory valuation methods and cost accounting principles
• Proficiency in ERP systems and advanced Excel skills
• Excellent analytical and problem-solving abilities
• Detail-oriented with strong organizational skills
• Knowledge of GAAP as it relates to inventory accounting
• CPA or progress toward CPA is a plus

Interested qualified candidates should send their CV and application letter via email hr@nani.co.ke and a CC to jobs@bestlinks.co.ke with email MUST have subject as: job Title and expected salary. Deadline is 19th October 2024 4.00pm.