To maintain optimal stock levels, ensure accurate stock valuation, and record financial transactions related to stock movements in compliance with accounting standards.
Responsibilities
- Monitor and maintain current inventory levels, track orders and inventory movements.
- Perform physical counts of inventory and reconcile actual stock count to computer-generated reports.
- Develop and implement inventory control procedures and best practices.
- Coordinate with relevant departments to ensure appropriate stock levels are maintained.
- Understand and apply basic principles of debits and credits.
- Assist in the preparation of financial statements, including ledger balances, profit and loss accounts, and other reports.
- Process accounts payable and accounts receivable in relation to stock transactions.
- Analyze and report on financial status pertaining to inventory, including discrepancies and aging inventory.
- Oversee the scheduling, dispatching, and issuing of stock from the storeroom.
- Ensure accurate and timely delivery of stock to the appropriate departments or external clients.
- Maintain detailed records of stock dispatched and issued, including documentation for tracking and audit purposes.
- Ensure compliance with internal policies and regulatory requirements related to inventory management and accounting.
- Prepare and submit reports on stock levels, financial transactions related to stock, and any discrepancies identified.
- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- Proven experience in inventory management, preferably in a role that involves accounting or financial reporting.
