Stock Accountant

Posted : 2025-06-19
Closing : 2025-06-28
Position Scope

Position: Stock Accountant
Client: Oil Logistics Company
Location: Kenya
Salary: KES 100,000

Job Purpose:

To manage and reconcile all inventory-related financial transactions, ensuring accurate reporting of stock levels, movements, and valuation in compliance with internal controls and accounting standards. The Stock Accountant plays a critical role in inventory integrity, loss prevention, and financial reporting.

Job Description

Key Responsibilities:

  • Inventory Accounting & Reconciliation:
    • Maintain accurate records of all stock transactions including receipts, transfers, issues, and adjustments.
    • Reconcile physical inventory against system balances and investigate variances.
    • Ensure that stock movements are correctly and promptly recorded in the ERP/accounting system.
  • Costing & Valuation:
    • Monitor and validate stock costing, including landed costs and valuation of inventory at month-end.
    • Prepare and update stock provisions for slow-moving, obsolete, or damaged items.
    • Assist in cost of goods sold (COGS) calculations and stock-related journal entries.
  • Reporting & Analysis:
    • Generate timely inventory reports for internal use and audit purposes.
    • Provide analysis on inventory trends, losses, and efficiency improvements.
    • Assist in forecasting and budgeting stock-related expenditures.
  • Stock Audits & Controls:
    • Support and coordinate periodic and ad hoc stock counts (cycle counts and full physical inventory).
    • Monitor stock controls at warehouses, depots, or outlets to prevent pilferage, loss, and mismanagement.
    • Work closely with operations and warehouse teams to enforce inventory best practices.
  • Compliance & Support:
    • Ensure adherence to company policies, internal controls, and relevant tax or audit requirements.
    • Assist with internal and external audits relating to inventory.
    • Support other finance functions as needed.

Requirements

Qualifications & Experience:

  • Bachelor’s degree in Accounting, Finance, or a related field.
  • CPA (Part II or above) or equivalent professional certification.
  • Minimum 3 years' experience in inventory accounting, preferably in logistics, oil & gas, FMCG, or manufacturing sectors.
  • Experience with ERP systems (e.g., SAP, Oracle, QuickBooks, Odoo) is highly desirable.
  • Proficient in MS Excel, including pivot tables and reconciliations.

Skills