Vacancy at VDT Communications Limited

VDT Communications Limited is a member company of the BITCOM GROUP, with vast years of experience in the provision of data communication services to corporate organizations with many branches across Nigeria.

We provide excellent technical and customer focused support for all projects we are engaged in.

INVENTORY & ASSETS CONTROL OFFICER

JOB DESCRIPTION:
Business Strategy, Financial Policies and Processes
Liaise with user dept./POPs in respect of equipment requirement needs in compliance with company laid down procedures
Ensures that purchase orders are raised for goods to be purchased
Monitor and follow up on the process of compiling data towards procurement of assets/inventory items
Effective follow up on suppliers to ensure that the delivery is done within the relevant range period
Ensures that goods are received from suppliers in good condition and record same into the inventory register
Receive and confirm Waybills/delivery notes & supplier invoice
Storing items into store
Generation Goods received notes
Generation of store issuance notes and perform daily stock update/balancing functions.
Monitor items in store
Prepare equipment’s for dispatch to POPs upon receipt of appropriate authorized documentation
Effective inventory requirement planning and management
Understand the basic principles behind the quantitative/theoretical approaches to deciding how much inventory to keep.
Identify the main approaches to managing inventory on an on-going basis
Establishment of accurate base stock, stock reorders level, minimum and maximum stock levels for major inventory items.
Regular monitoring and review of slow moving/ idle stock items and prepares necessary reports for management action.
Development of appropriate inventory management and valuation policies and procedures/internal control procedures, with reference to appropriate/current International financial reporting standards.
Design, co-ordinate, facilitate, the monthly/periodic physical stock verifications exercise, and perform appropriate reconciliation actions.
Budget Management and Financial Reporting

Adopting a system that would provide a central asset register, asset value, condition assessment standards, continuous review, long-term financial, integration to corporate strategies and systems across all asset types as a total asset management system.
Regular monitoring and review of slow moving/ idle assets items and prepares necessary reports for management action.
Development of appropriate assets/capitalization policies and procedures/internal control procedures, with reference to appropriate/current International financial reporting standards.
Ensure periodic fixed assets verification exercise is implemented.
In conjunction with the Admin department, Arrangement for insurance of operational and administrative assets/follow up on insurance claims over all damaged assets/write off damaged assets both operational and administrative from the books as soon as practicable.
Prepare monthly closing reports of inventory, assets, depreciation, and the KPI, for Management report.
Provide support for accounting workflow in the review of accounts, & internal controls.
Provide documentation and answer inventory/assets-related questions during year end statutory audit exercise.
Regulatory Compliance

Awareness of current development in the legal, regulatory, and statutory provisions, ensure they are correctly and consistently recommended and applied in the financial statements.
Ensure that all valuation, judgment, and reports are reported within the relevant legal, statutory and regulatory framework of Companies and Allied Matters Act 1990, taxation laws, as well as the national and international financial reporting standards.
People Management

Team work
Providing explanation on financial regulatory framework when necessary
Provide support on General accounting treatment of transactions when necessary
REQUIREMENTS:

EDUCATIONAL QUALIFICATIONS & FUNCTIONAL / TECHNICAL SKILLS
HND/BSc in Accounting
A professional qualification of ACA or ACCA professional certification will be an added advantage
Relevant Experience (Type of experience and minimum number of years
Knowledge of inventory accounting and asset management standard processes
Management of Business assets efficiently with little or no supervision.
Ability to work independently and as a member of a team.
A sensitive observer, good listener, pacific, bighearted, purpose driven, and humane.
Minimum of 5 years in inventory/assets management and accounting functions.
Proficiency in the use of accounting software
Attitude and Behavioural Traits
Integrity, objectivity, professional competence, confidentiality and due care.
Must have strong team spirit
Ability to plan
Must have good memory of events
Must be proactive and an out of box thinker.

TO APPLY
Interested and suitably qualified candidates should forward application with detailed CVs to morenike.sokunle@vdtcomms.com