Stock Accountant Job at Kenya Airways

 Job Title: Stock
Accountant

Hiring Organization: Kenya
Airways
Location – Locality: Nairobi
Location – Region: Kenya
Industry: African
Airline
Job Type: Full
Time
Salary: KES
Competitive
Date Posted: 01/25/2024

Kenya
Airways, the leading African airline flying to more African destinations than
any other carrier, takes pride in being at the forefront of connecting Africa
to the world and the World to Africa through its hub Nairobi Jomo Kenyatta
International Airport.

Brief
Description

The ideal
candidate will be responsible for ensuring that there is accurate and timely
recording of transactions involving stock such as Goods receipting, goods
issuing, inventory counts, stock ageing reports, inventory costing, tracking of
Goods in Transit, tracking, and updating consignment stocks, stock variances
explanations and adjustments, and stock GL reconciliations, whilst ensuring
adherence to agreed SLAs and internal controls.

Detailed
Description


Maintain
accurate and up-to-date stock ledgers and journals.

Monthly
reconciliation of stock records

Ensuring
that Goods in Transit and KQ consignment stock held by others are accurately
recorded, tracked, and reconciled.

Plan and
coordinates stock count exercises as per company policy and investigate and
resolves the stock variances promptly (if any).

Analyze
variances in stock-related expenses and recommend corrective actions.

Preparation
of inventory reports for management use such as stock ageing report,
obsolete/damaged /expired stocks reports, slow moving stocks report and stock
movement reports.

Generate
regular reports on stock levels, stock turnover, and variances.

Provide
insightful analysis and recommendations for improving stock management
efficiency.

Preparations
of stock adjustments journals for final posting by GL accountant.

Proper
costing of inventory in accordance with applicable IFRS/IASs.

Assist in
internal and external audits related to stock and inventory.

Collaborate
with other departments to develop accurate stock forecasts based on historical
data and future business plans.

Be fully
in-charge of the subsidiary financial reporting including monthly GL
reconciliations, management reports and preparation of annual financial
statements.

Job
Requirements

Bachelor’s
degree in accounting/finance or any other business-related field from a
recognized institution.

Must
possess accounting qualification i.e. full ACCA/CPA Qualifications.

At least
four (4) years of proven experience in stock accounting or a similar role,
preferably within the airline or aviation industry.

Strong
understanding of accounting principles, financial regulations, and inventory
management best practices.

Proficiency
in relevant accounting software and Microsoft Excel.

Additional
Details

Excellent
analytical and problem-solving skills.

Detail-oriented
with a high level of accuracy.

Effective
communication and interpersonal skills.

Ability
to thrive in a fast-paced and dynamic work environment.

Click
Here To Apply

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