Inventory Accountant

About this role

The role is for an Inventory Accountant at Bradfield Consulting in Lagos, supporting the hospital sector. The position requires ensuring accurate recording, monitoring, reconciliation, valuation, and reporting of inventory in line with accounting standards and policies. It involves coordinating with Stores, Pharmacy, Procurement, Clinical Departments, and Finance to maintain inventory accuracy, control costs, and provide reliable financial reporting. The job focuses on recording transactions, reconciling balances, valuing stock, managing consumption and wastage, and supporting month-end and financial close. It targets candidates with a background in accounting and experience in inventory-heavy environments such as healthcare or manufacturing.

What you would do

• Record and review inventory transactions and ensure correct coding to inventory accounts and cost centres.
• Verify documentation supports inventory receipts and issues and ensure proper cost allocation.
• Reconcile inventory balances with subledgers and stock records; coordinate periodic stock counts.
• Investigate variances, unusual movements, and unexplained adjustments; monitor transfers between stores and departments.
• Ensure inventory is valued per policies and standards; review costs, landed costs, and write-downs where needed.
• Reconcile issued inventory with consumption and charges; collaborate with Billing on gaps between usage and patient charges.
• Monitor stock levels, expiration, obsolescence, and losses; prepare write-offs with approvals.
• Prepare month-end schedules for valuation, stock movement, consumption, and reconciliations.
• Ensure internal controls and process compliance; maintain segregation of duties and proper approvals.
• Support year-end and external audit requirements and maintain relevant documentation.

What they are asking for

• Bachelor's degree or HND in Accounting, Finance or related field.
• Professional accounting qualification (ICAN, ACCA or equivalent) is an advantage.
• 4 to 5 years of relevant experience in inventory accounting or related areas.
• Experience in hospitals, pharmacies, manufacturing, or inventory-intensive settings is advantageous.
• Good knowledge of inventory accounting, valuation, reconciliations, cost of sales and accruals.
• Experience with ERP/accounting systems (e.g., Sage, QuickBooks or similar).
• Proficiency in Microsoft Excel and inventory reporting tools.
• Strong analytical and numerical skills with high attention to detail.

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