Inventory Controller (Inventory Accounting)

Workforce Staffing - Gauteng; South Africa; On-site; ZAR 350,000 - 550,000; Full time

Job summary

Workforce Staffing - Gauteng seeks an Inventory Controller for a global automotive client. The role ensures IFRS-compliant stock accounting, reports inventory movements, and supports month-end processes.

You will work with SAP, Excel, and MS Office, perform reconciliations, coordinate with auditors, and contribute to improving controls and accuracy of stock data. This is a demanding role requiring 2+ years in manufacturing and strong analytical and interpersonal skills.

Qualifications

• CIMA or Chartered Accountant (SA) with at least 2 years experience in a manufacturing environment.
• Experience with SAP.
• Proficient in Microsoft Office and advanced Excel.
• Accounting (Current IFRS) related to inventory accounting.
• Knowledge of the Income Tax Act related to inventory.
• Good interpersonal skills - communicates appropriately and considers the counterparts’ level of knowledge.

Responsibilities

• Ensure inventories are accounted for correctly in terms of IFRS.
• Manage tax risk associated with inventory.
• Complete month-end/quarter-end/year-end procedures related to inventory.
• Prepare inventory-related reports and disclosures.
• Report off-site stock monthly to the insurance department.
• Prepare general ledger reconciliations and clear review notes.
• Liaise with external auditors on inventory-related topics.
• Liaise with business counterparts on monthly results (e.g. DIO reporting).

Skills

Good interpersonal skills

Analytical thinking

Education

CIMA or CA(SA)

IFRS knowledge

Tools

SAP

Microsoft Office

Excel (advanced)

Job description

Inventory Controller

A global award-winning client in the automotive industry seeks an Inventory Controller to join their team.

Duties & Responsibilities

1. Ensure that all inventories are accounted for correctly in terms of IFRS;
2. Consider and manage tax risk associated with inventory;
3. Complete month-end/quarter-end/year-end procedures related to inventory;
4. Complete month-end reporting/quarter-end reporting related to inventory (split of inventory balance, disclosure checklist etc.);
5. Ensure all off-site stock is reported monthly to the insurance department to ensure adequate insurance of stock;
6. Calculate and post stock provisions. Assess the need for additional provisions to address identified risks;
7. Prepare general ledger reconciliations on a monthly basis. Identify items requiring follow-up – ensure such items are cleared from the reconciliation (e.g. aged items). Clear any review notes on the reconciliations;
8. Prepare reports and report to business counterparts the monthly results (e.g. monthly DIO reporting);
9. Ensure cycle/stock counts are performed regularly on all relevant areas to manage inventory risk and as required by group policy or process;
10. Analyze stock adjustments on a monthly basis for reasonableness and to identify potential process flaws or discipline lapses;
11. Assess internal control compliance, identify risks and follow up with business in terms of implementation of mitigating controls. Assist with internal control testing;
12. Liaise with the external auditors on inventory-related topics.

Desired Experience & Qualification

1. CIMA or Chartered Accountant (SA) with at least 2 years experience in a manufacturing environment.
2. Experience with SAP.
3. Proficient in using Microsoft Office programs and advanced Excel skills.
4. Accounting (Current IFRS requirements) related to inventory accounting.
5. Knowledge of the Income Tax Act related to inventory.
6. Good interpersonal skills - communicates appropriately and considers the counterparts’ level of knowledge.

Package & Remuneration

Should you not receive a response within 14 days, please consider your application as unsuccessful.