Inventory Controller - 6 Months Contract at Woolworths

Introduction

• To manage the TRADE and NON-TRADE system integrity and financial stock including movement reporting.

Job description

• Accountable for driving non trade stock query resolution with all relevant stakeholders (Non Trade Payables, Procurement, RED, Gift Card, Head Office Facilities (Stationery, Dining Room, Hairdresser, ITS, Special Occasions).
• Accountable for understanding the technical processes for non-trade stock from end to end.
• Accountable for communication to BUFM’s on all non-trade stock and gross profit inventory adjustment issues.
• Responsible for the reconciliation of Non-Trade stock balance sheet accounts (RED, Gift Card, Head Office Facilities (Stationery, Dining Room, Hairdresser, ITS and Special Occasions and stock accrual accounts).
• Accountable operationally and financially for Non-Trade stocktakes of warehouses including capturing, approval and reporting thereof.
• To reconcile the stock ledger to the records held at the outsourced stock location.
• To ensure that all charges to the manufacturer are accurate and are adjusted against stock.
• To ensure accurate costing of RED imported Non trade stock including ‘all on cost’ additional charges.ie.freight and duty.
• Accountable operationally and financially for non-trade stocktakes of warehouses including reporting thereof.
• Responsible for the reconciliation of certain non-trade stock balance sheet accounts.
• Responsible for processing miscellaneous transactions (receipt and issuing of stock) as per BU requests
• To keep record of all gift cards(WW and CRG) issued out of stock to stores, head office and external corporates
• Process monthly billing for stores relating to gift card stock issued and relating service charges.ie.courier and management fees.
• To reconcile the gift card stock ledger to the records held at the outsourced stock location(Crossgate)and ensure that all charges to the manufacturer are accurate and are adjusted against stock
• Accountable for first receipt of Red Imported Non Trade stock and liaise closely with Finance Imports Team to ensure payment thereof
• Accurate calculation of costing profit/ loss and filing of the RED shipment file with supporting documentation
• Meet with relevant stakeholders to ensure accurate closure of the shipments.
• To ensure the WIP (Work in Progress) Special Occasions account is fully reconciled and process adjustments to ensure billing takes place to recover funds from suppliers.
• Ensuring that the non-trade stock is accurately aged for possible provisions.
• Providing input into finance policies, principles and procedures
• Training relevant stakeholders to understand and communicate finance’s business requirement across multiple departments/divisions for non-trade.
• Working with the Business Systems Analyst to communicate the business requirement and interaction to ensure that any development meets the business need.
• Assisting with the analysis of process changes, risk impacts and communication required.
• Responsible for status reporting, feedback on issues and risks.
• Responsible for reconciling Division 5 stock clearing and stock control accounts.
• Responsible for compiling Division 5 stock rollforwards
• Liaising with Auditors

Minimum requirements

TECHNICAL AND FUNCTIONAL

• Understand and apply financial accounting principles and concepts including knowledge of IFRS.
• Able to use & solve problems in a large, complex, integrated Finance IT system and to process large volumes of financial transactions.
• Able to apply accounting knowledge in a large IT driven accounting environment and identify financial exposure and risk.
• Strong Excel skills and ability to use business reporting tools e.g. Oracle, Qlikview,  Cognos etc.
• Strong numeric ability.
• 1 year’s reconciliation experience required.

 MINIMUM QUALIFICATION

• B. Comm. (Accounting)/ BTech 3-year.
• 2-3 year experience in accounting or financial environment.

 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