Store Control Clerk
2025-07-24T03:17:41+00:00
NeCo EDC
https://cdn.greatugandajobs.com/jsjobsdata/data/employer/comp_11856/logo/logo_neco.jpg
https://www.necoedc.org/
FULL_TIME
Kampala
Kampala
00256
Uganda
Education, and Training
Admin & Office
2025-07-30T17:00:00+00:00
Uganda
8
Inventory Accountant
About NeCo EDC
We are a leading business firm that provides professional business services to small, medium-sized and established entities across all sectors.
We help our clients in diverse industries improve their performance, transform their enterprises and reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth.
Job Purpose
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 Roles
1. 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.
2. 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.
3. 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.
Competency Requirements
Knowledge 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 Ethics: Proactive, self-motivated, organized, and capable of working effectively under pressure and meeting tight deadlines.
Key Performance Indicators (KPIs)
| KPI | Objective/Target | Measurement/Indicator |
|---|
| 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.
1. 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. 2. 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. 3. 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.
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.
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.
JOB-6881a5d5c8ae5
Vacancy title:
Store Control Clerk
[Type: FULL_TIME, Industry: Education, and Training, Category: Admin & Office]
Jobs at:
NeCo EDC
Deadline of this Job:
Wednesday, July 30 2025
Duty Station:
Kampala | Kampala | Uganda
Summary
Date Posted: Thursday, July 24 2025, Base Salary: Not Disclosed
Similar Jobs in Uganda
Learn more about NeCo EDC
NeCo EDC jobs in Uganda
JOB DETAILS:
Inventory Accountant
About NeCo EDC
We are a leading business firm that provides professional business services to small, medium-sized and established entities across all sectors.
We help our clients in diverse industries improve their performance, transform their enterprises and reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth.
Job Purpose
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 Roles
1. 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.
2. 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.
3. 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.
Competency Requirements
Knowledge 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 Ethics: Proactive, self-motivated, organized, and capable of working effectively under pressure and meeting tight deadlines.
Key Performance Indicators (KPIs)
| KPI | Objective/Target | Measurement/Indicator |
|---|
| 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.
Work Hours: 8
Experience in Months: 60
Level of Education: bachelor degree
Job application procedure
Interested in applying for this job? Click here to submit your application now.
All Jobs | QUICK ALERT SUBSCRIPTION
