Food Concepts Plc |
Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.
Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).
We are recruiting to fill the position below:
Job Title: Inventory Manager
Location: Lagos
Employment Type: Full-time
Job Purpose
To monitor the net worth of goods and maintain accurate records at all times, whilst helping to determine the organization’s profitability and accuracy of financial statements
Core Responsibilities and Key Result Areas
Inventory Management:
Ensure proper treatment of , inter-store/ inter-branch transfer Note and Shipment report from the warehouse to QSR locations
Monitor daily stock movement i.e Inter-store transfers
Post all inventory journals ( inventory depletion on a monthly basis) on system in use (Oracle)
Compute all direct cost and other related inventory consumptions; Diesel Usage, Gas consumption & General Consumable and post into the respective ledgers
Reconcile store by store Cost of Sales, Diesel, Gas & General consumables reconciliation with store managers
Perform monthly price update of GP template used in the store
Coordinate monthly inventory count activities.
Analysis and Reporting:
Prepare monthly Stock Usage Analysis and Variance Analysis
Perform valuation of all closing stock includes diesel, Gas and other consumables
Reconcile stock count sheet with GP report from QSR stores
Prepare stock count report for management decision
Reconcile all inventory ledgers with the inventory valuation report
Prepare change Price impact on gross profit report
Key Performance Indicators
Timeliness of stock usage and variance analysis
Timelines of cost of sales report for monthly profit or loss
Timeliness of monthly stock count report
Accuracy of the inventory valuation reports
Job Specifications
A good first degree in Accounting or Finance
Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage
Membership of the ICAN, CFA, ACCA or any other related professional qualification is required.
Minimum of 4-5 years’ experience in a similar role
Decision Expectations
Enforce agreed decisions
Ensures accurate stock reporting
Monitor daily stock movement
Reconciles inventory ledgers with inventory valuation report
Knowledge Requirements:
Knowledge of Accounting and Financial Management
Knowledge of Financial Analysis
Knowledge of operations in the Food/QSR Industry
Knowledge of process of recording raw goods, overhead costs and variable costs.
Knowledge of GAAP
Knowledge of various inventory methods.
Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should:
Click here to apply online