Inventory Associate Job at Food Concepts Plc

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.

Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).

We are recruiting to fill the position below:

Job Position: Inventory Associate

Requisition ID: 1042
Job Location: Lagos
Job Type: Full-time
Department: Finance Department
Reports to (Title): Inventory Manager
Direct Reports: N/A

Job Purpose

• To assist in the day to day administration of stock movements across business divisions s
• Core Responsibilities and Key Result Areas

Inventory Management:

• Receive documents for stock transfers and check for correctness.
• Assist in monitoring daily stock movement   i.e Inter-store transfers
• Assist in the computation of direct cost, Diesel Usage, Gas consumption & General Consumable and post into the respective ledgers
• Assist in Reconcile store by store Cost of Sales, Diesel, Gas & General consumables reconciliation with store managers
• Participate in periodic stock count exercises.

Analysis and Reporting:

• Assist in Compilation of monthly stock count report
• Assist in performing valuation of all closing stock includes diesel, Gas and other consumables
• Assist in the reconciliation of stock count sheet with GP report from QSR store

Key Performance Indicators:

• Timeliness of stock usage and variance analysis
• Timelines of cost of sales report for monthly profit or loss
• Timeliness of monthly stock count report
• Accuracy of the inventory valuation reports

Knowledge Requirements:

• Basic accounting knowledge of double entries, stock controls and stock management
• Knowledge of various inventory methods

Job Specification

• A good First Degree (BSc / HND) in Accounting  or Finance
• Minimum of 1 year of experience in Accounting field.
• Membership of the ICAN ACCA would be an added advantage

Decision Expectations:

• Monitor daily stock movement
• Reconciles inventory ledgers with inventory valuation report