Inventory Accountant(Retail)- Nairobi at Summit Recruitment and Search

Key Responsibilities:

• Monitor, record, and reconcile all inventory movements between warehouse, showroom, and customer deliveries to ensure real-time accuracy in financial and stock systems.
• Prepare daily, weekly, and monthly inventory and valuation reports, highlighting variances, slow-moving, or obsolete items and recommending corrective actions.
• Coordinate and supervise physical stock counts (monthly, quarterly, and annual), investigate discrepancies, and ensure timely reconciliation with system balances.
• Ensure accurate posting of inventory-related transactions including goods receipts, stock adjustments, transfers, cost of goods sold (COGS), and landed cost allocations.
• Collaborate with procurement, warehouse, and sales teams to forecast inventory needs, optimize stock turnover, and prevent stockouts or overstocking.
• Enforce internal controls over inventory and credit policies, ensuring all dispatches are supported by invoices, payments, or approved credit terms.
• Process and reconcile daily sales receipts (cash, card, and bank transfers), ensuring timely posting, banking, and accurate financial reporting.
• Maintain well-organized client and inventory documentation, support audits through accurate schedules and reconciliations, and provide management with insights on stock trends and performance.

Key Qualifications:

• Bachelor’s degree in Accounting, Finance, Supply Chain Management, or related
• CPA or equivalent accounting certification is an added advantage.
• Minimum of 5 years’ experience in inventory accounting, cost accounting, or operations finance, preferably in retail, import, or distribution environments.
• Proficiency in Microsoft Excel and ERP or inventory management systems.
• Strong analytical, reconciliation, and reporting skills with high attention to detail.