Job Title: Inventory Accountant
Organisation: Aldelia Limited
Duty Station: Kampala, Uganda
About Organisation:
Aldelia is a global leading human resources company founded in 2005 and specialised in recruitment, outsourcing and payroll management services to blue-chip multinationals and fast-growing SMEs. The group operates in more than 30 countries across all industries and disciplines on four continents. Our mission is to create a better future for people by delivering compliant, world-class and innovative HR solutions to the companies and communities we serve
Job Summary: We are seeking a highly skilled and results-driven Inventory Accountant to join our finance team. The Inventory Accountant is responsible for overseeing and managing all inventory-related financial operations. This includes ensuring accurate inventory records, implementing robust inventory control measures, and mitigating inventory-related risks. This role requires close collaboration with cross-functional teams to optimize inventory processes, enhance data accuracy, and ensure full compliance with accounting standards.
Key Duties and Responsibilities:
- Inventory Accounting & Reporting
- Maintain Accurate Records: Ensure all inventory transactions are accurately documented, reflecting precise balances, costs, and movements.
- Perform Reconciliations: Conduct regular and thorough inventory reconciliations, promptly identifying and resolving discrepancies between physical stock and system records.
- Ensure Compliance: Adhere strictly to industry accounting standards (e.g., IFRS) and internal company policies to maintain impeccable inventory accounting.
- Generate Reports: Prepare comprehensive and timely inventory reports, including valuation, aging, and movement analyses.
- Inventory Control & Optimization
- Collaborate with Stores: Work closely with the Stores department to ensure accurate inventory receipt, efficient storage, and precise issuance processes.
- Implement Control Procedures: Develop, implement, and enforce robust inventory control procedures, including cycle counting, periodic audits, and other best practices to enhance inventory accuracy and operational efficiency.
- Process Improvement: Continuously identify areas for process improvement, developing and implementing innovative solutions to optimize inventory operations and reduce costs.
- Risk Management
- Identify Risks: Proactively monitor and identify potential inventory-related risks such as obsolescence, damage, theft, and other issues that could impact inventory levels and financial value.
- Mitigate Risks: Develop and implement strategies to mitigate identified risks through improved inventory processes, staff training, and strict adherence to best practices.
Qualifications, Skills and Experience:
- Education: Bachelor’s degree in Accounting, Finance, Business Administration, or a closely related field.
- Experience: A minimum of 5 years of progressive experience in inventory control or management, preferably within a manufacturing or retail environment.
- Technical Skills:
- Strong understanding of inventory control procedures, including cycle counting, valuation methods, and risk management.
- Advanced proficiency in Microsoft Excel is required.
- Demonstrated experience with inventory management software (ERP systems preferred).
- In-depth knowledge of accounting standards (e.g., IFRS) specifically related to inventory.
- Personal Characteristics
- Analytical Skills: Exceptional analytical and strong numeracy skills with a keen eye for detail.
- Problem-Solving: Excellent problem-solving abilities and a proactive approach to identifying and resolving issues.
- Collaboration: Proven ability to collaborate effectively and build strong relationships with cross-functional teams.
- Communication: Strong verbal and written communication skills, with a focus on clear and concise reporting.
- Work Ethic: Proactive, self-motivated, organized, and capable of working effectively under pressure and meeting tight deadlines.
- Inventory Accuracy
- Ensure up-to-date and accurate inventory records
- 98% accuracy in inventory records (system vs. physical count)
- Inventory Reconciliation
- Ensure timely and accurate monthly reconciliations
- Monthly reconciliation reports submitted by the 5th working day
- Cycle Count Accuracy
- Perform regular cycle counts to verify inventory
- 95% accuracy in cycle count results
- Risk Mitigation
- Identify and minimize inventory-related risks
- Less than 2% of inventory value written off due to damage, theft, or obsolescence
- Inventory Movement Monitoring
- Monitor stock movements and mitigate discrepancies
- Weekly inventory movement reports with zero discrepancies
- Compliance with Accounting Standards
- Ensure adherence to IFRS and company policies
- 100% adherence to internal and external accounting standards for inventory
- Collaboration with Stores
- Ensure smooth coordination with the Stores team
- 100% compliance with inventory control procedures and storage guidelines
- Audit Implementation
- Ensure periodic audits are conducted and issues resolved
- Conduct at least one audit per quarter, with all discrepancies resolved within 30 days
- Additional Expectations
- The Inventory Accountant may be required to undertake occasional travel to other company locations, including warehouses or supplier sites, to conduct inventory checks and assessments.
How to Apply:
All candidates should send their applications online at the link below.
Deadline: 31st July 2025
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Level of Education: Bachelor Degree
Work Hours: 8
Experience in Months: 60