Inventory Manager at Food Concepts Plc

Job Purpose

• To monitor the net worth of goods and maintain accurate records at all times, whilst helping to determine the organization’s profitability and accuracy of financial statements

Core Responsibilities and Key Result Areas

Inventory Management

• Ensure proper treatment of , inter-store/ inter-branch transfer Note and Shipment report from the warehouse to QSR locations
• Monitor daily stock movement   i.e Inter-store transfers
• Post all inventory journals ( inventory depletion on a monthly basis) on system in use (Oracle)
• Compute all direct cost and other related inventory consumptions;  Diesel Usage, Gas consumption & General Consumable and post into the respective ledgers
• Reconcile store by store Cost of Sales, Diesel, Gas & General consumables reconciliation with store managers
• Perform monthly price update of GP template used in the store
• Coordinate monthly inventory count activities.

Analysis and Reporting

• Prepare monthly Stock Usage Analysis and Variance Analysis
• Perform valuation of all closing stock includes diesel, Gas and other consumables
• Reconcile stock count sheet with GP report from QSR stores
• Prepare stock count report for management decision
• Reconcile all inventory ledgers with the inventory valuation report
• Prepare change Price impact on gross profit report
• Key Performance Indicators
• Timeliness of stock usage and variance analysis
• Timelines of  cost of sales report for monthly profit or loss
• Timeliness of monthly stock count report
• Accuracy of the inventory valuation reports

Knowledge Requirements

• Knowledge of Accounting and Financial Management
• Knowledge of Financial Analysis
• Knowledge of operations in the Food/QSR Industry
• Knowledge of process of recording raw goods, overhead costs and variable costs.
• Knowledge of GAAP
• Knowledge of various inventory methods

Job Specifications

• A good first degree in Accounting  or Finance
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
• Membership of the ICAN, CFA, ACCA or any other related professional qualification is required.
• Minimum of 4-5  years’ experience in a similar role
• Decision Expectations
• Enforce agreed decisions
• Ensures accurate stock reporting
• Monitor daily stock movement
• Reconciles inventory ledgers with inventory valuation report