Inventory Reconciliation Associate

  • Jumia
  • Lagos, Nigeria
  • Feb 13, 2019
Full Time Finance & Advisory

Job Description

Inventory Reconciliation Associate - Jumia (Full Time)

Who we are

Jumia is the leading pan-Africa e-commerce platform. Founded in 2012, Jumia’s mission is to improve the quality of everyday life in Africa by leveraging technology to deliver innovative, convenient and affordable online services to consumers, while helping businesses grow as they use our platform to reach and serve consumers. Our platforms consist of our marketplace, which connects sellers with consumers, our logistics service, which enables the shipment and delivery of packages from sellers to consumers, and our payment service, which facilitates transactions among participants active on our platform in selected markets. Through our online platforms, consumers can access a wide range of physical and digital goods and services, fashion, electronics, beauty products and also hotel and flight bookings or restaurant delivery. With over 3,000 employees in 14 countries spanning across 6 African regions, Jumia is led by top talented leaders offering a great mix of local and international talents and is backed by very high-profile shareholders. Jumia is committed to creating sustainable impact for Africa. Jumia offers unique opportunities in a vibrant and booming environment, creating new jobs, new skills, and empowering a new generation. We are looking for talented people with a passion for Africa to join our team and embark on our exciting journey.

We are currently looking for talented people with a passion for emerging markets and Africa to join our team and embark on our exciting journey


This role is responsible for assisting the Inventory Reconciliation Manager in reviewing inventory requirements, compiling reports and metrics and making recommendations for inventory reallocation based upon utilization report.

In particular, you will:

  • Reconcile or audit inventories to the physical count by applying frequently changing complex reconciliation rules. Reviews reconciled results for exceptions before posting to the retail stock ledger.
  • Maintain electronic files for inventories including: electronic cut-off, monthly transaction reports, distribution center tracking information, exception research, reconciliation paperwork including emails, final reports, and other documentation related to the inventory.
  • Research inaccurate or conflicting information provided by the field as necessary to ensure the posted shrink results are accurate.
  • Communicate reconciliation needs clearly and responds to any questions or concerns from the field before and/or after inventories post.
  • Responsibility and accountability for all of the Inventory GL accounts on the balance sheet from data entry to reconciliation of the inventory GL accounts
  • Develop inventory analysis reports and analyzing variances and provides recommendations to management regarding process improvements
  • Monitor inventory transactions to ensure accuracy of all inventory related activities as they relate to the general ledger
  • Reconcile inventory accounts to the general ledge

Professional Skills & Qualifications

  • Bachelor's Degree in Finance or Accounting or related field
  • 5+ years of experience in a Distribution environment, including experience performing inventory cycle counts
  • Advanced level of Microsoft Excel (Pivot tables, Vlookups, and nestedifs formulas)
  • Ability to interpret Financial Data from various systems and in various formats
  • Proficient at recommending reconciliation variance solutions and leading remediation.

We Offer

  • A unique experience in an entrepreneurial, yet structured environment
  • The opportunity to become part of a highly professional and dynamic team working around the world
  • An unparalleled personal and professional growth as our longer-term objective is to train the next generation of leaders for our future internet ventures

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Job Title

Inventory Reconciliation Associate - Jumia (Full Time)