Accountant II: Inventory at Woolworths

Introduction

• To provide the business with an effective and efficient management and internal control of inventory reconciliations and processes, by adhering to the required Finance and business policies and procedures including International Financial Reporting Standards (IFRS). This is a permanent position based at the Head Office in Cape Town.

Job description

• Manage effective financial and accounting processes relating to inventory.
• Assist in establishing and implementing inventory policies and procedures in line with Group policy and IFRS.
• Engagement with key stakeholders.
• Responsible for reporting, analysing and interpreting trends on stock losses (shrinkage, waste, stock in-transit, etc).
• Ensure Year-end audit requirements are met.
• Accountable to fully reconcile General Ledger Inventory Accounts as well as processing journals for detailed provisions & accruals.

Ensure the following in the area of responsibility:

• All relevant sub-ledgers are compliant with the rigors of audit to substantiate values in the balance sheet.
• Compliance with best practice regarding internal controls and accounting practices.
• All system-related month end processes are completed by close of the GL month end.
• Complete Inventory Provisions calculation.
• Complete Inventory Roll-forwards for DCs and ROA at Year-End Audit.
• Support DCs Alignment processes.
• Reconcile Sample Shop Account.
• Review of Stocktake results.
• Prepare timeous management reporting in line with best practice.  This should include:
• Monthly report pack providing progress on all scorecard deliverables as well as progress on 100-day items for all activities regarding productivity and performance measures.
• Prepare and distribute monthly and ad-hoc inventory levels report to all the relevant stakeholders.
• Adhoc Inventory related queries, projects and processes.

Minimum requirements
Technical Skills:

• B. Comm. (Accounting) / B.Tech 3-year Financial Accounting
• Articles (preferable)
• 4 years experience in an Accounting or Financial environment 
• Able to apply accounting knowledge in an IT driven accounting environment, as well as manual processes for adherence to accounting practice and principles  
• Able to effectively use Excel and Oracle financial system
• Understanding International Financial Reporting Standards (IFRS)

 Behavioural Skills:

• Problem Solving ability
• Committed to high quality standards
• Ability to work accurately with attention to detail
• Ability to work autonomously
• Communication skills (written and verbal)
• Service oriented
• Self Starter
• Effective Time Management Skills
• Team Player
• Analytical