Finance Vacancies – Stocks Accountant at Shell Uganda

Job Title: Stocks Accountant
Reports to: Financial Controller
Job Summary: The individual will be expected to Have controls to ensure accurate stock volumes and values for inland and external depots. He/she will ensure that stock control procedures are in place and adhered to in order to safe guard Company stocks. The role is also responsible for ensuring accurate and efficient management of stocks (with correct stock entries which are updated in a timely manner). The Stock processes and procedures used should be continuously updated and improved by the incumbent & other staff that interface with stocks. He/she will support accurate and timely financial reporting through ensuring all stock Master data is updated correctly.
Key Duties & Responsibilities:
Key Performance areas for the role:
·         Daily Integrities Check
·         Run daily stocks integrity reports.
·         Investigate, explain the causes and correct any differences on a daily basis.
·         Monitor unit costs for all the products in the system and correct any unusual movements.
·         Review  and take up landed costs for all products in the system. Monitor landed cost vs accruals and correct any unusual movements.
·         Ensure that all sales orders and transfers have been updated correctly in the correct period.
·         Focal Point (Inventory Management and Supply)
·         Stabilise and sustain the inventory management module in the JDE system.
·         Provide technical support and training requirements to the system users on stock related issues.
·         Monitor Logistics transactions, identify abnormalities and correct them.
·         Coordinate with Stock Management Team initiatives and best practices
·         Independent Stock Take  for the Inland depots – (Kampala, Mbale  and Entebbe depots)
·         Ensure physical stock counts are carried at the end of every quarter in accordance with laid down stock taking procedures.
·         Carry out surprise stock counts during the year.
·         Compare physical stocks with book stocks.
·         Identify variances and their causes and task physical custodians to account for the variances.
·         Identify and follow up on damaged, obsolete & slowing moving stock items for appropriate action.
·         Month End Stock Accounting (Month End Check List)
·         Carry out Manual stock reconciliation at the end of the month as a check on the stocks in the JDE system.
·         Reconcile all stock accounts.
·         Sales and allocations of Supply & Handling costs
·         Reconcile stock transfers with the account for clearing transfers
·         Check to ensure that all stock transactions for the month have been processed.
·         Run month end STOCK AS AT reports, compare value of stocks in General Ledger to the subsystems, identify and correct any differences.
·         Compute Current Cost of Supply.
·         Carry out FIFO valuation of stocks at month end and take up relevant entries
·         Review Gains/Losses  in the depots
·         Ensure operational reconciliation is done on the system.
·         Review daily operational gains/losses.
·         Check that operational gains/losses are within allowable depot targets.
·         Review Gain/Loss stock accounts on a daily basis.
·         Minimum requirements/competencies
Qualifications, Skills & Experience:
·         Bachelor’s degree in business, Commerce, Statistics, Economics or Mathematics and a professional accounting qualification (ACCA/CPA).
·         Knowledge of Stock Accounting/Inventory Management support especially for oil products
·         Must possess skills in General Ledger Accounting with bias in stock accounting and purchase order processing.
·         Awareness of Financial accounting working knowledge
·         Knowledge of Depot Operations with ability to Integrate operational and accounting requirements
·         Must possess strong Analytical skills with keen interest for detail
·         Good Supervisory and communication Skills
·         Knowledge and experience in the use of accounting packages
·         Integrity and honesty plus high level dedication to resolve issues unsupervised
How to Apply:
Interested Applicants should apply by logging onto or Send application letter and CV to E-mail not later than 7th January, 2013 at 5:00PM. Only E-mails received on stated email & website will be considered.
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