Inventory Account Manager Job at Asharami Energy Limited


Asharami Energy Limited, a Sahara Group Company, is an oil exploration and production company with a strategy to deliver long term and sustainable growth.

We are recruiting to fill the position below:

Job Position: Inventory Account Manager
Job Location:
 Lagos, Nigeria 
Job type: Full Time

Purpose Statement:

  • Responsible for monitoring and recording all inventory transactions in the general ledger. Identify ideal inventory method, implement, monitor and ensure adequate control mechanism.
  • Oversee the entire inventory process from stock inflow and outflow. Provide real time Inventory position and monetary value of stock.

Key Deliverables

  • Monitor timely and accurate capture of all inventory transactions: inflows and outflows
  • Generate and analyze inventory data to determine and advise inventory cost, selling price and profit margin
  • Update and maintain daily, weekly and monthly inventory report and position
  • Manage the monthly financial closing for the inventory and costing processes
  • Prepare monthly journal entries as required
  • Identify inventory variances and causes and reconcile inventory accounts to the general ledger
  • Analyze inventory related overhead cost and variable cost to ensure proper cost allocation
  • Coordinate periodic physical inventory counts and maintain count records
  • Provide expert advice and timely information as regards inventory to management and other units to aid decision making
  • Provide information to the Commercial department to enable pricing decisions
  • Oversee the entire inventory process and ensure efficiency and accuracy
  • Assist in developing and documenting policies and procedures, including system requirements and internal controls
  • Adhoc duties as advised by the company Knowledge/Skills:
  • Strong grasp of IFRS accounting and general accounting concepts
  • Must possess knowledge of taxes and statutory deductions in Nigeria
  • ERP experience required, strong preference for Oracle experience
  • Must have knowledge of different inventory valuation methods
  • Must be able to do complex analysis required to find and address inventory variances.

Minimum Qualification/ Experience

  • Must have a Bachelor's degree in Accounting, Economics or relevant field
  • Relevant Professional certification such as ICAN, ACCA , CIMA or CPA
  • At least 5 years post-NYSC work experience in a similar role.
  • Business management experience across a range of business disciplines
  • Agility to commit to an action based on logical assumptions and factual information (using analytical tools), taking into consideration resources, constraints, etc.

Personality Traits:

  • Has leadership and management abilities to coordinate inventory custodians across several locations
  • Possesses a passion to help team members and ability to see the big picture and plan out details
  • Strong analytical prowess and detail-oriented
  • Reliable, follows through on commitments
  • Strong process and planning orientation
  • Goal-oriented, task driven

Working Relationships:

  • External customers - including International Oil Companies
  • Competitors
  • Cross-functional with multiple departments
  • External bodies such as Board of Directors, NSE, Capital Market, etc.