Serengeti Breweries Ltd Inventory Accountant vacancy

Serengeti Breweries Ltd Inventory Accountant

Function: Finance
Country: Tanzania
Type of Job: Full Time -Non-Exempt (OT eligible)


External Job Description

Context/Scope:
Serengeti Breweries Ltd (SBL) operates exclusively in Tanzania and is the 2nd largest beer company with a market share of 25%.SBL is a subsidiary of East Africa Breweries Ltd (EABL) – which is in turn partly owned by one of the world’s biggest alcoholic beverage companies, Diageo. The company is an integrated demand/supply business with 3 operational breweries in Dar Es Salaam, Mwanza, and a third one in Moshi, which is situated in the northern part of the country near the Kenyan border. SBL’s flagship brand is Premium Serengeti lager, which accounts for 50% of SBL sales volumes. The other beer brands are Tusker, Guinness, Tusker Malt, Kick and Pilsner. SBL also boasts a portfolio of exciting Spirits brands such as Baileys, Johnnie Walker, Smirnoff, J&B and Gordon's Gin just to name a few.

SBL has 3 fully operational breweries in Dar es Salaam, Mwanza and Moshi with a combined capacity of 1.3m Hls. Moshi has a capacity of c600khls per annum and a scope to expand to more than 1 million in F14.

Market Complexity:

SBL operates in a competitive environment and in a vast geography. The main player in the beer industry is Tanzania Breweries Ltd. (TBL), a subsidiary of SABMiller, who until recently were a third party manufacturer of EABL brands Tusker, Pilsner and Guinness. As a result of the cessation of the agreement between TBL and EABL, there is heightened competitive activity in that market.
Inflation rates remain high in Tanzania (7.5% expected in F11) and average income per capita is less than 1 USD per day. The GDP growth is estimated at 6.4% and is expected to grow to 7.1% as investment, trade and tourism pick up. There is growing consumer affluence and consumerism, giving rise to greater opportunities in our product categories.

Key Purpose of the role

• Perform month-end accounting & reporting responsibilities such as calculation of accruals and provisions and Magnitude reporting. Prepare and post journals as required.
• Carry out general ledger reconciliation on a regular and documented basis for stock, GRNI, stock in transit, COGS, revenue, price variance, stock revaluation and other BS / P&L accounts.
• Issue resolution for identified process deficiencies. Preparation of adjustment journals / manual invoicing.
• Quarterly calculation of transfer pricing adjustments in line with TPU guidelines.
• Support the annual calculation of intercompany selling prices. Carry out regular price reconciliations to ensure prices are correct in SAP.

Key Accountabilities

• Carry out general ledger reconciliation on a regular and documented basis for stock, GRNI, stock in transit

• Deliver control agenda (satisfactory audit ratings)

• Support and control accurate stock related financial process flow in SAP

Qualifications and Experience

Qualifications

University / College degree in finance / business

Experience

Working experience in a multinational corporate environment is preferred, with exposure to some of the following areas is an advantage:

• Process improvement

• Solid understanding of Stock related business activities is preferred

CLOSING DATE:17th February 2014

TANZANIAN NATIONALS ARE ENCOURAGED TO APPLY.

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