Kyosk Digital Services Limited

Position: General Accountant - Inventory

Reports to: Finance Controller

Reportees: None

Role Profile

We are looking for a talented person to join our team as a General Accountant - Inventory. The role holder will provide full support to the Finance department responsible for managing Inventory including merchandise and material please at hand. He/she will be responsible for developing and implementing various accounting methods, developing & analyzing inventory reports and monitoring all inventory transactions in the organization.

 Duties and Responsibilities:

• Stock Management: Lead physical Inventory counts in the warehouses and post the weekly & monthly stock count numbers. Reconciling inventory accounts to the general ledger and report on any variances. Monitoring inventory prices, track and analyze stock usage on a weekly basis and advice the Finance Controller accordingly. Determine inventory costs and work closely with the purchasing and finance teams to advise the selling prices for good procured by the business. Review and resolve issues with inventory transfer orders between warehouses while providing support and guidance as needed. 

• Inventory Analysis: Review and analyze inventory at hand relative to actual consumption levels, supplier lead times, and logistical efficiencies. Provide accurate inventory metrics by SKU and provide solutions to improve inventory management without impacting customer fulfillment rates.

• Reconciliation: Ensure all inventory, manual inventory schedule and cost of sales transactions are processed and reconciled to General Ledger on a monthly basis as per laid down SOPs. Lead the reconciliation of inter warehouse transfers, landed costs and discounts; prepare monthly journal entries as needed.

• Financial Management: Undertake daily vetting and posting of purchases & invoices in the accounting system. Prepare the budget for all overhead spending and track actual spending on a line-item basis every month.

• Policy & Compliance: Ensure proper procedures are in place, clearly documented and updated regularly. Assist in the improvement of internal controls related to inventory and spearhead their implementation within the organization.

• Reporting:  Develop inventory analysis reports capturing inventory balances, stock movement, prices, cost and variances providing weekly internal inventory reporting. Analyse and prepare reports on key trends to advice business decisions. Track and report actual daily product consumption for each production line and summarize weekly variances and yielded profits or losses per product. Bring to the attention of the Finance Controller any issues or concerns in a timely manner to allow for a quick resolution.

 Job Requirements:

• A minimum of 5 years’ experience as an Inventory or Cost Accountant in an FMCG background;

• Bachelor’s Degree in Finance or Accounting required.

• A professional qualification in accounting – CPA (K) or ACCA is preferred;

• Demonstrated experience in accounting, costing, financial analysis, forecasting and reporting;

• An understanding of the FMCG business model and dynamics from an accounting and inventory perspective;

• A good understanding of GAAP in relation to inventory;

• Is flexible and able to work as part of a team;

• Proficient in MS Excel, advance excel preferred;

• Experience with Inventory management systems, preferably ERP.

 Competencies and Key Skills:

• Strong Financial Acumen;

• Problem Solving Skills;

• Analytical Thinking;

• Detail Orientation;

• Planning & organization skills;

• Tech Savvy.

About the Company:

At Kyosk.App we take immense pride in our role as a Business to Business Technology Platform. We are dedicated to bridging the gap in digital distribution to middle and low-income communities, including smallholder farmers. Our platform is truly product and service agnostic, empowering companies to connect with these communities through local retail outlets.

Today, we are thrilled to share that we serve a thriving community of over 250,000 Retailers on our Platform. We leverage the small retail outlets as a channel to connect with these communities by providing a seamless and direct link between suppliers, traditional retailers as well as farmers and local eateries. Across Africa over 60% of retail trade flows through these small outlets commonly referred to as kiosks. We are on a mission to provide them with an extensive range of high-quality products, all delivered reliably to their doorsteps at fair market prices.

We also help manufacturers and farmers expand their network and product range by providing last mile deliveries to hard-to reach communities as well as data for better demand and business planning.

The platform does not only support product distribution but also helps service providers such as financial institutions to reach and provide their services (for example credit, savings and insurance) to the communities via our network of small retail outlet - Kiosks. Kyosk is present in over 40 territories across Kenya, Tanzania, Uganda and Nigeria.