Stocks Accountant Uganda National Oil Company Limited

Responsible for ensuring proper management of company’s inventory/ stock items. Maintains and updates the stock records, responsible for conducting physical stock counts, perform regular stock reconciliations and overall monitoring of stock transactions.

Essential Duties
• Review the stock management processes and procedures for improvement.
• Ensure accurate and efficient management of stocks with correct stock entries which are updated in a timely manner.
Conduct physical stock counts are carried at the end of every quarter in accordance with laid down stock taking procedures.
• Reconcile inventory accounts to the general ledger.
• Identify and follow up on damaged, obsolete & slowing moving stock items for appropriate action.
• Monitor unit costs for all the products in the system and correct any unusual movements.
• Conduct daily Integrity Checks and run daily stocks integrity reports.
Investigate, explain the causes and correct any stock differences on a daily basis.
• Carry out manual stock reconciliation at the end of the month.
• Reconcile stock transfers with the account for clearing transfer and ensure that all stock transactions for the month have been processed.
• Analyse and report on all stock adjustments and over/under deliveries.
Identify variances and their causes and task physical custodians to account for the variances.
• Ascertain accurate records and documentation of the purchases and issues of materials.
• Any other duties as many be assigned.

Qualifications, Experience and Attributes
• Bachelor’s Degree (Hons) in Finance, Business Administration, Accounting, or other related fields.
• Full Professional Membership (ACCA, CPA, CMA)
• A minimum of five (5) years of relevant working experience.
• Experience in using accounting software ERP’s
• Must possess skills in General Ledger Accounting with bias in stock accounting and purchase order processing.
• Knowledge of Stock Accounting/Inventory Management support especially for petroleum products
• Proficiency in Microsoft Excel
• Knowledge of financing, accounting and banking processes
• Must demonstrate exceptionally strong analytical skills, having an ability to analyse, refine, summarize, and clearly present data and information.
• Ability to work under pressure and tight deadlines.
• High degree of professionalism and maintenance of confidentiality.