Group Inventory Controller (Permanent) - Johannesburg

About the role

A Group Inventory Controller position is open in JHB North, Johannesburg, within the finance and accounting function of supply chain. The role covers accurate recording of inventory transactions, reconciliation with the general ledger, stock counting, audit liaison and advice to regions on stock levels, with a salary of up to R763,922 per year depending on experience.

Key responsibilities

• Ensure accurate recording of inventory transactions in the inventory system and general ledger, and reconcile the inventory module regularly with the general ledger.
• Analyse inventory movements and investigate discrepancies with regions; advise regions on optimal stock levels and replenishment timing.
• Capture, approve and post expense store journals on time, and ensure compliance with company inventory policies, GRAP standards, PFMA and Treasury Regulations.
• Prepare inventory audit files and supporting documentation, and liaise with internal and external auditors on inventory matters.
• Implement and monitor cyclical and annual physical stock counts, and manage procedures to minimise inventory losses and wastage.
• Monitor expiring and obsolete stock, prepare waste and expiry reports for committees, and support regions on system and process queries.
• Identify opportunities to strengthen internal controls, support inventory training, ensure ISO 9001 compliance and maintain complete, auditable inventory records.
• Create and manage electronic databases for inventory reporting and year-end purposes.

Required profile

• Matric (Grade 12) qualification.
• National Diploma in Financial Accounting or an equivalent NQF Level 6 qualification.
• 5 years' experience in inventory management.
• Proven knowledge of accrual accounting and GRAP/IFRS standards, and knowledge of PFMA and Treasury regulations.
• Knowledge of procurement matters and relevant legislation.
• Leadership and supervisory skills, aptitude for numbers, and ability to work with senior managers.

Required skills

• Experience with ERP systems (Oracle preferable).
• GRAP/IFRS and accrual accounting.