Junior Stock Accountant | Brackenfell | Cape Town at Managed People Solutions

Job Description

• Are you detail-oriented and passionate about stock and accounting? Meridian Services is seeking a Junior Stock Accountant based in Brackenfell. The role is responsible for accurate inventory accounting, supporting stock and distribution teams with queries, and managing supplier stock accounts in line with company policies and accounting standards.

Key Responsibilities:

• Review the consignment reports and invoices, ensuring accuracy in the invoicing process from consignment vendors to payable vendors.
• Ensure accurate accounting for all imports and associated costs to facilitate precise payments and financial reporting for both stock and JFH invoicing.
• For cash flow planning, estimate month-end payments for CLM, MWD, MWK, and M&S, ensuring accurate payments and financial reporting.
• Identify the Stock payments vendor, process the payments, recon, and check for accuracy.
• Manage stock and supplier queries through the client queries ticket system, with a commitment to addressing urgent inquiries within 24 hours and clearing all queries weekly.
• Respond to stock-related queries promptly, ensuring queries are addressed as needed and processing is completed.
• Coordinate the LR | MWK | JFH counts
• Provide Sales, Stock adjustments, and delivery fees feedback.
• Prepare/check the farm recons (58 in MWD | 5 CLM Suppliers | MWK 1 Supplier).
• Review the Purchase Receipt Report as prepared by Stock Receipting Accountant.
• Ensure BOMs are run when needed.
• Balance sheet reconciliations for stock-related general ledger accounts (GLs).
• Provide feedback on stock adjustments, sales, delivery fees, and (COS) in management reports.
• Calculate, provide, and investigate stock loss provisions to ensure accurate financial reporting and mitigate inventory discrepancies.
• Process delivery fees, reconciling intercompany transactions, and handling logistics-related invoices efficiently.
• Review the calculation for marketing fees, ensuring it includes the cost plus a 5% markup.
• Process export transactions, addressing any exceptions related to MC and MWD, and provide support as necessary.
• Manage and report on CLM and A&P activities, including accruing free stock, to ensure accuracy and timely submission.
• Review the report monthly.
• Prepare and review the sales summary report.
• Manage the FSC team to ensure motivation and adherence to deadlines while fostering a positive team spirit. Address any raised issues promptly, with collaboration from the MWD team when necessary.
• Ensure continuous development and up-to-date industry knowledge and competence.
• Ensure compliance with King III.
• Ensure compliance with MOI and Shareholders Agreement.
• Ensure adherence to standards and compliance with legislation within the Risk committee, including insurance.
• Ensure adherence to standards and compliance with legislation within the Audit Committee.
• Ensure adherence to standards for the Board meeting minutes.
• Manage the risk register.
• Credit control, including terms.
• Manage the solvency and liquidity of the company.
• Understand and mitigate key elements of the company's risk profile.
• Share Capital management and resolutions applicable to Statutory.
• Take full responsibility for the continuous development of leadership capability by growing leadership skills and knowledge, as well as participating in educational opportunities, reading professional publications, maintaining personal networks, participating in professional organisations, etc.
• This also includes participating in all leadership focused training and development initiatives presented by the company.
• Motivate, inspire, and empower team members to foster a positive work environment.
• Unlock effort and drive a high-performing team.
• Facilitate open and effective communication and promote cross-functional and cross-company collaboration, thereby contributing towards a diverse and productive work environment.
• Address and resolve conflicts within the team to maintain a healthy work environment

Qualifications and Experience:

• Degree in Accounting, Finance, or Business Administration
• 3 years plus experience in Stock Accounting
• Valid Driver’s licence