Job Purpose:- To oversee all cycle count programs of inventories and tracks depreciation calculations of fixed assets and ensure consistency and accuracy in same and identify all operational problems in inventory and fixed assets of the company.

Main Duties and Responsibilities:

• Leads, coordinates, and oversees day-to-day operation of team members.
• Sets clear team goals and follows up their implementation.
• Ensures employees follow health and safety regulations.
• Ensures fixed assets are correctly accounted for in line with accounting standards.
• Coordinates regular inventory audits.
• Manages periodic physical count of fixed assets.
• Collaborates with cross-functional teams and stakeholders to implement and support initiatives to optimize inventory capabilities using best inventory management practices.
• Ensures compliance with fixed asset policy and procedures.
• Develops and updates inventory control procedures and policies to minimize losses and reduce costs.
• Recommends to the management whether fixed assets should be disposed of.
• Ensures inventory reserves, including obsolescence, are properly recorded, properly reviewed, and are reflective of the company’s current state of inventory.
• Performs periodic process audits/inquiries and review of inventory-related controls to ensure proper management and reconciliation of inventory including cycle count compliance, audit review, warehouse transfer, virtual bucket analysis, process review, obsolescence risk and claim status.
• Implements and maintains a fixed asset inventory process, including recommendations for disposals of fixed assets, useful life assignment, and depreciation schedules.
• Establishes inventory control procedure at new warehouse locations (strengthen at existing) and implements corrective action in conjunction with logistics to mitigate any financial risks.
• Ensures accurate inventory records are maintained, and that inventory levels are replenished in a timely manner.
• Implements random audits of fixed assets to ensure assets are not obsolete or lost.
• Responsible for internal and external audit support & coordination of inventory/fixed assets, revenue recognition.
• Monitors and analyzes inventory levels and customer purchase trends to ensure that goals are met, and inventory is always available.
• Performs other duties assigned by the immediate supervisor.

Qualification

• BSc or MSc Degree in Accounting, Accounting and Finance, Management, Business administration or related fields.

Experience

• 6 years for BSc/BA
• 4 years for MSc/MA

Skills

• Sound understanding of accounting principles.
• Solid cost systems background.
• Meticulous attention to detail with organizational skills.
• Verbal and written communication skills.
• Supervisory and leadership skills.
• Computer literacy, proficient in Microsoft Word, Excel.