Stock Accountant

Location: Umhlanga, Durban
Employment Type: Permanent

My client, an established multinational business is seeking a skilled Financial Accountant to join its finance team in Umhlanga.

The successful candidate will be responsible for the accurate financial accounting, reconciliation, valuation and reporting of stock-related transactions within a high-volume trading environment.

This is a hands-on role requiring strong technical accounting knowledge, excellent analytical skills and the ability to manage significant stock movements, supplier payments and month-end reporting activities.

Ideal candidates should come from a stock-intensive industry, including FMCG, food manufacturing, chemicals, mining, logistics, wholesale and distribution.

Responsibilities

• Perform daily, weekly and monthly stock reconciliations across multiple sites, warehouses and product categories.

• Investigate and resolve discrepancies between operational systems, ERP records and financial ledgers.

• Maintain accurate stock ledgers and ensure the integrity of all stock movements.

• Prepare and process supplier payments 

• Verify contract pricing, quality grading, volumes and delivery documentation before payment approval.

• Reconcile supplier accounts and resolve stock-related billing disputes.

• Manage stock-related financing arrangements with banking partners, including reporting, reconciliations and facility monitoring.

• Perform month-end stock valuations and prepare relevant journals, accruals, provisions and adjustments.

• Prepare stock-related management reports, variance analysis and gross margin reporting.

• Ensure compliance with IFRS, VAT legislation and internal financial controls.

• Support external audits and year-end stock counts.

• Identify opportunities to improve accounting processes, ERP functionality and automation.

Requirements

• Relevant financial or accounting qualification.

• Completed SAICA or SAIPA articles (essential).

• Approximately 3–5 years of relevant post-articles accounting experience.

• Strong practical experience in stock accounting, inventory reconciliations and stock valuations.

• Experience working in a high-volume, stock-intensive environment.

• Good knowledge of IFRS and VAT, including import/export transactions and zero-rating.

• Advanced Excel skills.

• Strong analytical, problem-solving and reconciliation abilities.

• Excellent communication and stakeholder engagement skills.

• Ability to work independently, manage competing deadlines and perform under pressure.

 

should you meet the required skills please respond to this advert