Accountant: Inventory

We have an exciting opportunity for an experienced and driven Accountant to join our dynamic Finance Team . In this role, you will be responsible for the full spectrum of financial activities related to budgeting , forecasting , and inventory management . You’ll play a key part in supporting strategic decision-making by providing accurate, timely, and insightful financial information.

We're a fully in-office team. This role is based at our Support Centre in Kuils River, Cape Town. Experience Required Essential: 5 years accounting experience, with 2 years at a large company or retail environment 2-3 years people management experience Preferred : Retail experience is a bonus.

Qualifications

B Comm or equivalent finance qualification (Diploma/ Degree) Preferred : B Comm Honours CA(SA) qualification CIMA certification JOB RELATED KNOWLEDGE AND SKILLS REQUIRED Knowledge required: Budgeting, Forecasting, Costing and profitability analysis and profit forecasting and management accounts Good planning and building the workflow Understand the inventory system General accounting knowledge Systems knowledge (working with an integrated system) Skills required: Computer skills, intermediate to advanced Excel Communication skills (verbal and written) Interpersonal skills Ability to work independently as well as in a team Attention to detail Above average numerical ability Deadline driven Analytical thinking Ability to work under pressure Able to deal with large volumes of work Ability to multi-task Excellent interpersonal, people management, team management & leadership skills Key Responsibilities:

1. Inventory Management 1.1. Oversight function on stock recons Review monthly inventory reconciliations between UKUSA and general ledger Ensure all reconciling items are identified, explained, and resolved within 30 days Collaborate with Operations, Supply Chain, Business Analyst and store teams to investigate discrepancies 1.2. Balance inventory and general ledger Ensure inventory balances are correctly reflected in the general ledger and agrees to UKUSA Monitor and address mismatches in inventory movements between the GL and UKUSA Work with finance and IT to resolve integration issues or transactional anomalies 1.3. Trend and risk analysis Conduct monthly and quarterly inventory trend analysis (e.g., Stock adjustments, surpluses, Shrinkage) Identify key risks such as excessive shrinkage, and or data integrity issues Present findings and recommendations to senior finance and operations leadership 1.4. Root cause investigation Lead or support deep-dive investigations into significant stock losses, variances, or process breakdowns Work with cross-functional teams (Operations, IT, Loss Prevention, supply change) to identify process gaps Drive implementation of preventative controls and monitor their effectiveness
2. Inventory Reporting 2.1. Report on shrinkage, percentages to Operations Ensure clerks and analyst calculate and report monthly shrinkage metrics (value and percentage) by brand, division, etc. Provide commentary and variance analysis to Operations and Loss Prevention teams Flag abnormal shrinkage trends and initiate collaborative reviews with relevant departments and brands 2.2. Monthly reporting to management accountants on inventory related statistics Prepare accurate and complete inventory-related statistics for inclusion in monthly management packs Include insights into store and DC shrinkage, and provisioning trends Provide value-added commentary to support decision-making and strategic planning
3. Team Management: Planning, organizing and supervising Phadimas Performance management Recruitment Communication Development
4. Authorize, approve and release EFT’s