Inventory and Cost Controller

Job Purpose

The Inventory and Cost Controller is responsible for monitoring inventory movements, ensuring accurate recording of stock transactions, and supporting the financial control of production costs.

The role acts as the financial link between the Finance Department, Production, and Warehouse operations.

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Key Responsibilities

Inventory Monitoring

• Monitor inventory movements across warehouses and production lines
• Ensure proper recording of all stock transactions
• Track material consumption and production usage

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Inventory Accounting

• Record inventory-related accounting entries
• Ensure accurate inventory valuation in the accounting records
• Maintain alignment between physical stock and accounting records

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Stock Reconciliation

• Perform periodic reconciliation between physical inventory and system records
• Investigate inventory discrepancies
• Support stock counting activities and ensure proper documentation

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Production Cost Monitoring

• Monitor material usage in production
• Analyze production cost components when required
• Identify unusual consumption patterns or operational variances

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Documentation & Control

• Ensure all inventory movements are supported by proper documentation
• Verify compliance with warehouse and inventory procedures
• Maintain organized records of inventory transactions

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Coordination

• Coordinate with warehouse team on stock movements and documentation
• Work closely with production to monitor material consumption
• Communicate relevant inventory information to the finance team

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Requirements

Required Qualifications

Bachelor’s degree in Accounting, Finance, or related field

• Not less than 7 years of experience in accounting, inventory control, or cost monitoring
• Experience working in manufacturing or industrial environments is preferred
• Good understanding of inventory processes and documentation
• Strong working knowledge of Microsoft Excel

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Skills

• Strong attention to detail
• Analytical and problem-solving skills
• Ability to work with operational teams
• Organizational and documentation skills
• Professional integrity and accountability

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Key Performance Indicators (KPIs)

• Accuracy of inventory records
• Timeliness of stock reconciliations
• Quality of inventory documentation
• Identification and resolution of inventory discrepancies