Stock Manager

The first Woolworths store opened its doors to the public in Cape Town in October 1931. And it was founder Max Sonnenberg who captured the public's imagination with dynamic store policies that set Woolworths apart from its competitors.

Three years later, a second branch opened in Durban, with another two in Port Elizabeth and Johannesburg a year later. And since then we've been building on our reputation for superior quality, exciting innovation and excellent value.

At Woolworths we take our business values seriously. They aren't just words in an annual report - they are the foundation of our business. They give us direction and guide our behaviour, actions and choices. In fact, our values are so important to us that we're measured not only on our performance, but also by how well we live up to them.Introduction

To manage the Stock Department and to deliver all the required accounting reconciliations, financial controls and management reports to ensure effective, accurate and complete reporting of stock.

Job description

Implement strategies in stock department to improve effective and financial processes relating to all stock.

Accountability for the reconciliation of all relevant General Ledger accounts in accordance with IFRS and WW financial principles on a weekly and monthly basis.

Responsible for ensuring accurate reconciliations of all Stock Accounts between RMS, BI and general ledger.

Responsible for ensuring the clearing of all RMS Stock Clearing accounts through thorough understanding of all stock transactions in RMS.

Responsible for ensuring the data integrity of all stock related transactions of the gross profit worksheet.

Responsible for ensuring that stock integrity queries are clearly communicated to and resolved in conjunction with all relevant stakeholders (IT, Merchandise and Supply Chain).

Ensure that Oracle sub-ledgers are compliant with the rigors of audit to substantiate values in the balance sheet

Responsible for checking the integrity of Stock reports between Data Warehouse, RMS and general ledger.

Responsible for accurate stocktake results for stores and warehouses of Woolworths and stores of Africa.

Responsible for ensuring the alignment of quantity stock at warehouses to RMS on a regular basis (at least twice a year).

Responsible for ensuring the clearing of the unknown and error interface reports on a weekly basis.

Responsible for the accuracy of all stock provisions by business unit (for example, stock in transit provision, Fashion, Beauty and Home shrinkage provisions, net realisable and stock aging provisions for both trade and non-trade).

Responsible for ensuring accurate and complete reconciliations of all other stock accounts: for example, special occasions, On the Dot, Gift Card and fabric stock.

Responsible for ensuring accurate and complete IFRS stock provisions on an actual basis.

Responsible for ensuring accurate and complete IFRS stock provisions on a forecast basis.

Prepare timeous management reporting in line with best practice on a weekly and monthly basis,

Problem resolution including logging of all incidents and following through to ensure resolution

Comply with best practice internal controls and accounting practices, including implementing a system of Control Risk Self Assessment (CRSA)

Accurately approve all journals and accruals on a timeous basis

Effectively manage and lead the stock department

Minimum requirements

Personal Effectiveness

Team leadership

Passion for the brand and customers

Thinking strategically and commercially

Leading Transformation

Connecting people

Delivering high performance

Having an accounting mind-set

Making insightful business decisions

Driving quality

Planning and organising

Qualification and Experience

B. Com or equivalent

4 years management experience in an Accounting environment / Articles

Sound understanding of IFRS / WW Financial Principles and accounting processes

Proven competence in Excel and Oracle financial systems, reporting tools e.g. Qlikview

Apply accounting knowledge in a large, complex IT driven accounting environment and to process large volumes of financial transactions