INVENTORY ACCOUNT OFFICER AT BRANDS AND TRADE LIMITED

About Company:

Brands and Trade Limited is a unique distribution and logistics company in Lagos poised to disrupt the distribution landscape. We have a team of thinkers and doers, some of whom are supply chain and distribution experts who share a singular commitment to the job done. This includes our investors and directors who are not active in day-to-day operations.

Job Description:

Inventory Accounting & Reporting:

• Maintain accurate records of inventory transactions in the accounting system.
• Monitor and reconcile stock balances between physical count and ERP/manual records.
• Track inventory inflows and outflows (purchases, transfers, sales, returns, wastage).
• Prepare and submit periodic inventory reports (daily, weekly, monthly).
• Post journal entries for inventory adjustments, write-offs, and transfers.

Stock Control & Reconciliation

• Participate in physical stock counts and random spot checks.
• Reconcile stock variances between system and physical counts.
• Investigate and resolve discrepancies in coordination with relevant departments.
• Ensure accurate stock valuation based on FIFO, LIFO, or Weighted Average methods.

Internal Controls & Compliance:

• Ensure inventory transactions are properly documented (e.g., requisition forms, GRNs).
• Implement and enforce internal controls to prevent stock loss, theft, or misreporting.
• Maintain compliance with inventory policies and accounting standards.

Interdepartmental Coordination:

• Collaborate with warehouse and logistics teams to verify and document stock movement.
• Liaise with sales and operations teams to confirm product availability and resolve stock issues.

Audit & Documentation:

• Prepare inventory schedules and reports for internal and external audits.
• Support audit teams with required documentation and data.
• Maintain a well-organized archive of inventory and financial records.

Key Performance Indicators (KPIs)

• Accuracy of inventory records (physical vs. system).
• Timeliness and completeness of monthly reconciliations.
• Number of discrepancies identified and resolved.
• Readiness and accuracy of audit reports.
• Reduction in inventory losses and shrinkage.

Requirements:

Technical Skills:

• Proficiency in Microsoft Excel (including Pivot Tables, VLOOKUP, etc.).
• Experience with ERP/inventory software (e.g., Online QuickBooks, SAP).
• Solid understanding of accounting principles related to inventory.

Soft Skills:

• Strong attention to detail and numerical accuracy.
• Analytical and problem-solving skills.
• Excellent communication and organization.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.

Qualifications and Skills:

• Education: B.Sc. / HND in Accounting, Finance, Business Administration, or a related field.
• Experience:** 0–4 years in inventory, accounting, or finance roles (preferably within FMCG).

Salary

Application Closing Date: 30th September, 2025

Application Instructions:

Interested and qualified candidates should send their CV to: herristoneresources@gmail.com using the Job Title as the subject of the email.