Stock Accounting officer at Neveah Limited in Mowe (Lagos-Ibadan Express Way), Ogun

Profile

• We pursue to employ a certified and technically skilled Stock Accounting officer its Aluminium and Copper Ingots Production operations Plant.
• The factory, which is based in Mowe [Lagos-Ibadan Express Way], Ogun state will primarily recycle a extensive range of scrap materials and transform them to usable Aluminium and Copper Ingots for different production operations purposes.
• The Stock Accounting officer is in charge of coordinating and preserving precise stock records, evaluating cost variances, and making sure adherence with accounting guidelines in a production operations environment.
• This position includes operating closely with generation, procurement, and finance teams to track stock financial record and enhance stock management methods.

Key Outputs

Average Stock Level: Offer a clear depiction of the mean inventory level throughout the financial year Order Head Time / Order Cycle Time: Measure the total time it takes for goods to reach clients. It is counted from the moment clients put in an order to the moment they accept the finished product. Stock Turnover Rate:Theinventory turnover ratemeasures the frequency at which you sell your entire inventory. In other words, it returns the percentage of total inventory that you handled to sell in each period. Tracking this KPI delivers a ratio of sales to the amount of stock in inventory. Inventory-to sales ratio / Stock-to-sales ratio: This compares the average stock value of a provided time with finished sales for the period. The inventory-to-sales ratio is significant to keep at a balanced level – too low is indicative of an boosted risk of stockouts: too high, however, means tighter profit margins due to mounting storage expenses. Days Sales of Stock:This measures the average time it takes for inventory to be sold and therefore, how long cash is tied up in inventory. A low days sales value matches with faster turnover and, among other things, can be a good indicator of stockout risk. Carrying Cost of Stock signifies all of the overhead expenses that you incur by holding stock in inventory. The metric returns a percentage which, naturally, you want to goal to be as low as possible, whilst covering all bases. Backorder Rate: The backorder rate is a KPI that description the percentage of incoming orders that could not be fulfilled for a provided time period. It is calculated simply by dividing the number of incoming orders that you weren’t capable to finalize by the total number of incoming orders. Backorder rate is an easy metric, high values of which reliably point towards lax stock chain management or organizing procedures. Sell-through Rate: The sell-through rate KPI returns the percentage of inventory that you’ve sold relative to the total accessible inventory for sale for a provided product. It is a useful metric for quickly analyzing the closing sales effectiveness of inventory items and can be used to modify generation volumes or replenishment as appropriate.

Credentials

• Bachelor's degree Academic qualification in Accounting or Finance
• At least 6 years proven operating expertise as Stock Accounting officer
• Must possess production operations industry expertise
• A member of a professional body is essential; ICAN and other applicable qualifications.
• Require expertise in ISOs
• Expertise with stock cycle counting and physical inventory audits.
• Expertise in lean production operations principles and stock chain management.
• Understanding with legal adherence and tax implications connected with stock
• Improved computer competencies on MS Workspace, financial system and databases.

Necessary Skilled:

• Specialized abilities: Competence in financial system (SAP, Oracle, QuickBooks, or similar Enterprise platform planning operational structures). Robust Excel competencies, which includes VLOOKUP, pivot tables, and financial forecasting.
• Expertise: Comprehension of cost accounting, standard costing, and stock appraisal methods (FIFO, LIFO, Weighted Average).
• Critical thinking: Robust analytical abilities with the capability to evaluate financial data and produce findings.
• Information exchange: Outstanding documented and spoken communication competencies with the capability to work alongside cross-functional units.
• Meticulousness: High level of precision and robust planning abilities to oversee various duty productively.
• Work Ethics: Capability to operate independently and deliver on time in a dynamic production operations environment.