Inventory Controller - Woolworths


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Woolworths Supply Chain / Logistics / Warehousing Jobs in Cape Town


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Introduction

To manage the TRADE and NON-TRADE system integrity and financial stock including movement reporting.

Job description

  • Accountable for driving non trade stock query resolution with all relevant stakeholders (Non Trade Payables, Procurement, RED, Gift Card, Head Office Facilities (Stationery, Dining Room, Hairdresser, ITS, Special Occasions).
  • Accountable for understanding the technical processes for non-trade stock from end to end.
  • Accountable for communication to BUFM’s on all non-trade stock and gross profit inventory adjustment issues.
  • Responsible for the reconciliation of Non-Trade stock balance sheet accounts (RED, Gift Card, Head Office Facilities (Stationery, Dining Room, Hairdresser, ITS and Special Occasions and stock accrual accounts).
  • Accountable operationally and financially for Non-Trade stocktakes of warehouses including capturing, approval and reporting thereof.
  • To reconcile the stock ledger to the records held at the outsourced stock location.


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  • To ensure that all charges to the manufacturer are accurate and are adjusted against stock.
  • To ensure accurate costing of RED imported Non trade stock including ‘all on cost’ additional charges.ie.freight and duty.
  • Accountable operationally and financially for non-trade stocktakes of warehouses including reporting thereof.
  • Responsible for the reconciliation of certain non-trade stock balance sheet accounts.
  • Responsible for processing miscellaneous transactions (receipt and issuing of stock) as per BU requests
  • To keep record of all gift cards(WW and CRG) issued out of stock to stores, head office and external corporates
  • Process monthly billing for stores relating to gift card stock issued and relating service charges.ie.courier and management fees.
  • To reconcile the gift card stock ledger to the records held at the outsourced stock location(Crossgate)and ensure that all charges to the manufacturer are accurate and are adjusted against stock
  • Accountable for first receipt of Red Imported Non Trade stock and liaise closely with Finance Imports Team to ensure payment thereof
  • Accurate calculation of costing profit/ loss and filing of the RED shipment file with supporting documentation
  • Meet with relevant stakeholders to ensure accurate closure of the shipments.
  • To ensure the WIP (Work in Progress) Special Occasions account is fully reconciled and process adjustments to ensure billing takes place to recover funds from suppliers.
  • Ensuring that the non-trade stock is accurately aged for possible provisions.
  • Providing input into finance policies, principles and procedures
  • Training relevant stakeholders to understand and communicate finance’s business requirement across multiple departments/divisions for non-trade.
  • Working with the Business Systems Analyst to communicate the business requirement and interaction to ensure that any development meets the business need.
  • Assisting with the analysis of process changes, risk impacts and communication required.
  • Responsible for status reporting, feedback on issues and risks.
  • Responsible for reconciling Division 5 stock clearing and stock control accounts.
  • Responsible for compiling Division 5 stock rollforwards
  • Liaising with Auditors

Minimum requirements

TECHNICAL AND FUNCTIONAL

  • Understand and apply financial accounting principles and concepts including knowledge of IFRS.
  • Able to use & solve problems in a large, complex, integrated Finance IT system and to process large volumes of financial transactions.
  • Able to apply accounting knowledge in a large IT-driven accounting environment and identify financial exposure and risk.
  • Strong Excel skills and ability to use business reporting tools e.g. Oracle, Qlikview,  Cognos etc.
  • Strong numeric ability.
  • 1 year’s reconciliation experience required.


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 MINIMUM QUALIFICATION

  • B. Comm. (Accounting)/ BTech 3-year.
  • 2-3 year experience in accounting or financial environment.

BEHAVIOURAL SKILLS

  • Problem-Solving ability
  • Committed to high-quality standards
  • Ability to work accurately with attention to detail
  • Ability to work autonomously
  • Communication skills (written and verbal)
  • Service oriented
  • Self-Starter
  • Effective Time Management Skills
  • Team Player
  • Analytical

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