Consignment and Stock Accountant job at Strategic Engagement Limited

The Consignment & Stock Accountant is responsible for ensuring accuracy, integrity, and transparency in all consignment and stock-related financial processes. The role supports business performance by maintaining effective inventory control systems, executing detailed daily reconciliations, validating transactions, and providing timely financial insights that guide operational decision making. It enhances internal controls, ensures compliance with accounting standards, and enables effective stock management across the business. The role requires strong analytical skills, excellent communication, and the discipline to work under tight timelines in a fast-paced environment

Responsibilities or duties

• Perform daily stock reconciliations by validating opening balances, purchases, and sales to establish accurate closing stock positions, promptly addressing variances and engaging Territory Managers to ensure issues are resolved quickly and effectively.
• Post daily stock gains and losses to the Profit & Loss account while monitoring adherence to the approved variance tolerance, ensuring that any deviations above limits are fully documented, justified, and charged to the respective retailers following the Retail Manager’s approval.
• Maintain complete and accurate documentation for all consignment stock transactions by ensuring all invoices, supporting documents, and related reconciliations are properly filed, traceable, and available for audit or management review at any time.
• Participate in monthly physical stock counts by validating physical stock movements, reconciling results with ledger balances, investigating discrepancies, and implementing corrective measures to prevent recurrence.
• Conduct daily bank reconciliations by comparing bank activity with system postings, clearing aged items before period close, and maintaining a clean reconciliation file free of any outstanding items exceeding 30 days.
• Support internal and external audit processes by preparing accurate financial evidence, providing timely documentation, and ensuring all reconciliations and supporting schedules are complete and well-organized.
• Strengthen business understanding of consignment stock processes by engaging retail and operational teams, offering process guidance, and reinforcing adherence to stock-control standards.

Qualifications or requirements (e.g., education, skills)

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• Professional certification (ACCA, CPA, CIMA) is an added advantage.
• Strong analytical and numerical ability with excellent attention to detail.
• Good understanding of basic accounting principles, reconciliations, and stock control.
• Ability to work under pressure and meet strict reporting deadlines.
• Strong communication and teamwork skills for cross-functional collaboration.
• High levels of integrity, discipline, and commitment to internal controls.
• Proficiency in Excel and comfort with financial or ERP systems.
• Organized, structured, and able to handle multiple tasks in a fast-paced environment.

Experience needed

• Minimum 1–2 years’ experience in accounting, stock management, reconciliations, or financial operations.
• Experience working with ERP/accounting software and inventory systems is an added advantage.
• Exposure to retail, fuel distribution, FMCG, or consignment-based environments is desirable.

The role is office-based, involving daily coordination with Retail, Operations, Finance, and Supply teams. Periodic travel to retail stations or depots may be required to support physical stock counts, investigations, or audits. The position requires a high level of responsiveness, strong adherence to controls, and the ability to manage multiple reconciliation and reporting tasks simultaneously.

Expected Output:

• Growth of fleet card portfolio in terms of customer numbers, sales volumes, and overall revenue contribution.
• Clean, well-managed debt book with minimal overdue exposure across all fleet card accounts.
• High customer satisfaction with reduced operational escalations.
• Accurate and timely reconciliation and consistent KPI reporting.
• Enhanced customer and internal stakeholder competence in Shell Card processes.
• Compliance with card business standards, HSSE requirements, and internal business controls.

• Perform daily stock reconciliations by validating opening balances, purchases, and sales to establish accurate closing stock positions, promptly addressing variances and engaging Territory Managers to ensure issues are resolved quickly and effectively.
• Post daily stock gains and losses to the Profit & Loss account while monitoring adherence to the approved variance tolerance, ensuring that any deviations above limits are fully documented, justified, and charged to the respective retailers following the Retail Manager’s approval.
• Maintain complete and accurate documentation for all consignment stock transactions by ensuring all invoices, supporting documents, and related reconciliations are properly filed, traceable, and available for audit or management review at any time.
• Participate in monthly physical stock counts by validating physical stock movements, reconciling results with ledger balances, investigating discrepancies, and implementing corrective measures to prevent recurrence.
• Conduct daily bank reconciliations by comparing bank activity with system postings, clearing aged items before period close, and maintaining a clean reconciliation file free of any outstanding items exceeding 30 days.
• Support internal and external audit processes by preparing accurate financial evidence, providing timely documentation, and ensuring all reconciliations and supporting schedules are complete and well-organized.
• Strengthen business understanding of consignment stock processes by engaging retail and operational teams, offering process guidance, and reinforcing adherence to stock-control standards.

• Strong analytical and numerical ability with excellent attention to detail.
• Good understanding of basic accounting principles, reconciliations, and stock control.
• Ability to work under pressure and meet strict reporting deadlines.
• Strong communication and teamwork skills for cross-functional collaboration.
• High levels of integrity, discipline, and commitment to internal controls.
• Proficiency in Excel and comfort with financial or ERP systems.
• Organized, structured, and able to handle multiple tasks in a fast-paced environment.

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• Professional certification (ACCA, CPA, CIMA) is an added advantage.
• Minimum 1–2 years’ experience in accounting, stock management, reconciliations, or financial operations.
• Experience working with ERP/accounting software and inventory systems is an added advantage.
• Exposure to retail, fuel distribution, FMCG, or consignment-based environments is desirable.