Inventory & Cost Accountant Job in Nairobi

Our client, a retail and distribution company, is looking for a competent Inventory and Cost Accountant to join their team.

Location: Ngong road, Nairobi

Job Profile: This position is responsible for accounting and reconciliation of inventory, timely identification and resolution of inventory discrepancies as well as performing physical inventories.

Key Responsibilities & Duties


  • Devise ways to optimize inventory control policies
  • Enforce compliance with company’s inventory policies and operational guidelines
  • Conduct inventory control audits, variance analysis, store returns and physical inventory count reconciliations
  • Ensure product stock is adequate for all distribution channels
  • Record daily deliveries and shipments to reconcile inventory
  • Partner with management to place orders to replenish stock avoiding insufficiencies or excessive surplus
  • Collaborate with warehouse employees and other staff to ensure business goals are met
  • Report to management on stock levels, issues etc.
  • Evaluate performance using key metrics and address issues to improve it
  • Develop exit strategies for unsuccessful products

Data & Financial Analysis

  • Reconcile inventory accounts to the general ledger
  • Regulary develop inventory analysis reports and analyze variances
  • Monitor purchase cost to determine price and desired profit margins
  • Diagnose the cause of inventory discrepancies/variances
  • Analyze data to anticipate future needs
  • Undertake sound financial management to ensure the company is profitable and stays within budget
  • Report to senior executives on progress and issues
  • Identify customer preferences and forecast consumer trends
  • Assist upper management in buying decisions
  • Negotiate terms of agreements to achieve the best deal for the company
  • Monitor stock levels and make plans for buying within budget
  • Create reports on sales and budgets and adjust strategies accordingly
  • Make forecasts for product demand to ensure the sustainability of inventory

Stores Management

  • Enforce compliance with company’s inventory policies and operational guidelines
  • Forge and maintain trust relationships with vendors to promote fair dealing
  • Place appropriate orders to ensure product availability that meets consumer demands
  • Liaise with marketing teams to determine competitive pricing and promotional activities of a product category


  • Minimum of 4 years experience as a Cost Accountant, Cost Analyst, Inventory Manager or similar role
  • Understanding of GAAP in relation to inventory
  • Excellent knowledge of data analysis and forecasting methods
  • Ability to accurately track inventory and create reports
  • Strong business acumen with a strategic orientation
  • Knowledge of inventory performance evaluation metrics and principles
  • Up to speed with purchasing best practices
  • Demonstrable aptitude in effective negotiating
  • An analytical mind with strong math skills
  • Excellent organizational and planning skills
  • Proficient in MS Office; working knowledge of Sage is an advantage
  • Exceptional communication and interpersonal abilities
  • Reliable and trustworthy

Deadline: Interested parties should send their online applications on or before 3rd June 2020

Correspondence: Applications and detailed CV to be submitted online at

Applications not meeting minimum requirements will not be considered.

Only shortlisted candidates will be contacted.

Accounting and Finance
Updated: May 29, 2020 — 8:48 am