Assistant Manager, Inventory Accounting

General Responsibilities

1. Reporting & Analysis

Prepare regular reports on stock levels, aging, movement trends, stock valuation, and shrinkage.

Analyze inventory data to identify patterns and support management decision-making.

Assist in annual/ quarterly physical inventory audits and coordinates with internal/external during audits. Ensure compliance with applicable accounting standards and regulatory requirements.

Review account reconciliations of inventory (sub-ledger vs GL).

2. Inventory control & management

Investigate and resolve inventory discrepancies or variances.

Maintain records of all inventory transactions in the ERP or inventory management system.

Track slow-moving, obsolete, or excess stock and recommend corrective actions.

Contribute to development of inventory optimization strategies to reduce carrying costs.

3. Process Improvement & Compliance

Support the implementation and enforcement of standard operating procedures (SOPs) for inventory management.

Ensure adherence to company policies, safety standards, and audit requirements.

Identify process gaps and recommend improvements for efficiency and accuracy.

4. Leadership & Team Management

Lead and develop a team of finance staff.

Set performance goals, conduct evaluations, and promote professional growth.

Collaborate with other departments to ensure alignment on financial processes.



Professional experience and Qualifications

Education: Bachelor's Degree in Finance, Accounting, or related field.

Professional certifications (ACCA, CPA, CIMA) is advantageous.

Experience: Minimum of 5 years of experience in Operational Finance, including at least 2 years in a supervisory or managerial role.

Experience in Retail / Convenience Store / FMCG Environment will be an added advantage

Excellent interpersonal skills with an ability to work with people at all levels

Soft Skills:

Strong analytical and problem-solving skills.

Excellent communication skills to collaborate effectively with stakeholders.

Attention to detail with the ability to work independently and meet deadlines.

Technical Skills:

Solid understanding of accounting principles and reporting standards

Proficiency in ERP systems (SAP)

Advanced Excel and data analysis skills