IO Furniture Limited is a full-service interior design and manufacturing company characterized by our uncompromising quality and innovative design solutions. With innovation, functionality, and style at the heart and soul of our company, we deliver perfection consistently. From our signature classics to our custom project designs we have managed to build a stellar reputation for excellence, quality, reliability and integrity. We pride ourselves in our ability to interpret the essence of our clients through manufacturing and design. By working closely with each client we are able to create spaces that embody their being, because regardless of whether they are individuals, brands or establishments to us each project is personal.

Job Position: Inventory Accountant

Job Location: Ilupeju, Lagos

Job Description

  • The successful candidate will work with the Chief Financial Officer to establish procedures and quality standards and to monitor all aspects of Inventory Management

Core Working Relationships:

  1. Technical Team
  2. Production Team
  3. Logistics/Procurement Team
  4. Accounts/Finance Team
  5. Store Team
  6. Management Team

Task Complexities:

  1. Design and implement an inventory tracking system to optimize inventory control procedures.
  2. Examine the levels of supplies and raw materials to determine shortages.
  3. Document daily deliveries and movement of raw materials to update inventory.
  4. Prepare weekly detailed reports on inventory operations, stock levels and adjustments.
  5. Evaluate new inventory to ensure it is ready for movement.
  6. Perform daily analysis to predict potential inventory problems.
  7. Advise Management on the order of new supplies to avoid inefficiencies or excessive surplus.
  8. Analyze weekly material usage variances on material Analysis against/ Production request and raise red flags to Chief Financial Controller for further action.
  9. Review and resolve issues with inventory transfer orders from Store to production.
  10. Provide inventory support and guidance to the Organisation as needed.
  11. Match Material analysis template with Production request and resolve discrepancies. Ensure procedures are documented and updated regularly. Assist in collection and preparation of documentation requested for monthly audits by the Chief Financial Officer.
  12. Perform additional responsibilities within the department as assigned.
  13. Handle non-routine inventory transactions (write up / write down).
  14. Assist with the execution and/or supervision of inventory existence procedures (wall-to-wall physical inventories and/or cycle count procedures) for IO Furniture Ltd.
  15. Assist with the preparation of monthly budget vs actuals variance analysis and check if reports made related to the inventory count is correct so as to avoid any kind of fraud.
  16. Ensure that the entire inventory is stacked properly and arranged in an organized manner so that zero wastage occurs and none of the items is spoilt, destroyed or damaged in any way.
  17. Monitor all the transactions related to inventory and keep himself/herself updated about materials which have been used or the items that have to be stocked for future use.
  18. Develop and determine the inventory accounting methods and also analyse the inventory related reports so as to find the possible flaws in inventory storage, transportation, costing etc.

Job Requirements

  • Bachelor’s Degree in Business (Accounting Concentration preferred) or equivalent
  • 2 years experience working as an Inventory Accountant with an integrated ERP system.
  • Strong computer skills, including experience with Microsoft Office applications and ERP system experience

Key Job Attributes:

  1. Strong organization skills and a problem-solving attitude
  2. Results-driven with the ability to meet deadlines
  3. Attention to details
  4. Communication Skills (Verbal, written and listening)
  5. Strong Interpersonal Skills
  6. Team Spirit
  7. High degree of organizational skill, accuracy and confidentiality.
  8. Ability to maintain composure in a fast-paced environment.


  • Solid knowledge of data analysis, inventory management software and forecasting techniques.
  • Intermediate to advanced Microsoft Excel skills.

Application Deadline
20th February, 2023.

How to Apply
Interested and qualified candidates should send their CV to: human.resources@iofurnitureltd.com using the Job Title as the subject of the mail.

Tagged as: Accounting, Finance