Inventory Accountant at Neveah Limited

Neveah Limited is a leading commodities trading company essentially dealing in the export of solid minerals and agricultural products. The company was established in 2014 with five operational offices in different states and her head office in Abuja, Nigeria. Our services are centered around sourcing the finest, solid minerals and the healthiest agricultural products from the local market and exporting them to meet the demands of our customers at international markets.Role Overview:

The Inventory Accountant will be responsible for monitoring, valuing, and reconciling inventory movements to ensure accurate financial reporting and strong internal control of stock. The role requires close collaboration with storekeepers, procurement, operations, and finance teams to ensure inventory integrity across all processes. To provide clarity, our hierarchy included Officer, then the Senior Officer, and both the Assistant Manager and Manager, who are above. This is an officer position.

Key Responsibilities:

Maintain and reconcile inventory records in ERP and accounting systems.
Track all stock movements (receipts, issues, transfers, and adjustments).
Perform monthly stock counts and variance analysis in collaboration with storekeepers.
Monitor inventory valuation methods (FIFO, Weighted Average, etc.) to ensure compliance with IFRS.
Review and report slow-moving, obsolete, or damaged stock.
Liaise with procurement and operations teams to ensure inventory accuracy.
Support cost accounting in preparing COGS and production-related reports.
Enforce internal control procedures for material receipt, storage, and issuance.
Prepare periodic inventory and consumption reports for management decision-making.
Assist auditors during stock audits and year-end reviews.

Qualifications & Experience:

Bachelor’s degree in Accounting, Finance, or related field.
Must be a Chartered Accountant (ICAN, ACCA, or equivalent).
Minimum of 5 years post-graduate experience, with at least 3 years in a manufacturing environment.
Must reside in Lagos or Ogun State, within proximity to Mowe.

Skills & Competencies:

Strong knowledge of inventory accounting, controls, and reconciliation.
Proficiency in MS Excel and ERP/accounting software.
Strong analytical and problem-solving skills.
High attention to detail and accuracy.
Ability to work under pressure and meet tight deadlines.
Excellent communication and collaboration skills.

SMART KPIs:

Inventory Reconciliation Accuracy: Maintain ≥ 99% accuracy in stock reconciliation.
Stock Variance: Ensure monthly stock variance does not exceed ≤ 1%.
Reporting Timeliness: Submit monthly inventory reports within 3 working days after month-end.
Audit Compliance: Achieve ≥ 95% compliance rating during internal and external stock audits.
Obsolete Stock Monitoring: Identify and report ≥ 100% of slow-moving and obsolete stock within reporting timelines.