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Stock Accountant (Cape Town, ZA)

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Anga

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Purpose of the Job

To effective management of weighted average costs by reviewing associated processes and inventory movements to ensure costs are accurately recorded and significant movements are analysed and ensure costing fidelity to provide the degree of exactness (completeness and accuracy) for single point accountability to protect overall company margins and profitability.

Who You Are:

You are detail-oriented:  ensuring precise tracking and recording of stock movements and transactions.

You have strong analytical skills: enabling you to assess stock levels and identify discrepancies efficiently.

You are numerically proficient: comfortable with financial data and stock valuations, ensuring accurate reporting.

You possess excellent organizational skills:  managing stock records methodically and keeping inventory well-documented.

You are a problem-solver: quick to address and resolve stock-related issues as they arise.

Your knowledge of accounting principles is solid, especially in inventory control and stock management.

What you’ll have done before:

Baseline

  • NQF Level 7 (Degree in Finance/ Commerce)
  • 5 years’ experience in Inventory Management/ Accounting/ Auditing

Advantageous

  • CA (SA)

Exciting challenges you might face in the role:

  • Managing Stock Discrepancies: Identifying and resolving discrepancies between physical stock and system records, ensuring accuracy in reporting.
  • Handling High-Volume Inventory: Keeping track of large amounts of stock across multiple locations, ensuring data integrity and avoiding mismanagement.
  • Improving Stock Control Systems: Implementing or optimizing inventory management systems to streamline stock tracking, which can be both technically challenging and rewarding.
  • Balancing Stock Valuation: Ensuring precise valuation of stock while accounting for variables like depreciation, spoilage, or obsolescence.
  • Meeting Tight Deadlines: During financial reporting or audits, working under pressure to ensure accurate and timely stock data for financial statements.
  • Cross-Department Collaboration: Coordinating with operations, procurement, and finance teams to manage stock levels and solve inventory issues, which requires strong communication and negotiation skills.
  • Minimizing Losses and Shrinkage: Developing strategies to reduce stock loss due to theft, damage, or errors, which can be a constant challenge but crucial for profitability.

What you’ll be doing:

PLANNING & REPORTING

  • Prepare financial reports, inventory valuation forecast while ensuring compliance with accounting standards, policies, and procedures
  • Assist with Inventory business planning process
  • Performa analysis of inventory movements

 

INVENTORY MONITORING

  • Review reports to ensure stock transactions are properly and completely captured in the SAP system and supported by appropriate documentation. 
  • In addition, identify any potential process lapses and engage with relevant stakeholders to remedy the situation

 

INVENTORY GOVERNANCE

  • Ensuring that all stock movements are supported by appropriate documentations strictly in compliance with all the company’s financial controls and procedures
  • Ensure adherence to regulatory requirements, mitigating risks and maintaining internal controls

 

DAILY INVENTORY REPORTS

  • Review purchase order anomalies using exception reporting to ensure correct weighted average costs.
  • Analyze material prices and correct discrepancies promptly.
  • Process price updates in the SAP system.
  • Conduct daily inventory price reviews and adjust out-of-range prices immediately.
  • Collaborate with stakeholders to verify cost price accuracy.

 

INVENTORY RECONCILIATIONS

  • Coordinate stock transactions to ensure completeness.
  • Ensure timely and accurate monthly balance sheet reconciliations for all stock accounts.
  • Perform regular verifications and reconciliations to maintain inventory transaction integrity.
  • Review and approve in-transit landed costs for deal-level accuracy.
  • Identify and implement process improvements to boost efficiency.

 

Job Advert Closing Date:  All job adverts close five days after date posted

 

Engen’s approved Employment Equity plans and targets will be considered as part of the recruitment process.

We welcome applications from people with disabilities. Let us know how we can accommodate you to participate in the recruitment process.

 

 

Important Information:

  1. The appointment will be made in line with Engen’s Employment Equity Strategy.
  2. All applications must be submitted to the contact person/ numbers provided & in the manner requested.
  3. If  not submitted by the closing date, your application will automatically not be considered.
  4. Engen does not guarantee that you will be called for an interview or appointed by virtue of your application.
  5. Engen reserves the right not to make an appointment.