Finance Manager, Inventory at Dangote

The Dangote Group is one of the most diversified business conglomerates in Africa with a hard-earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.
The Group’s activities encompass:

Cement – Manufacturing / Importing
Sugar – Manufacturing & Refining
Salt – Refining
Flour & Semolina – Milling
Pasta – Manufacturing
Noodles – Manufacturing
Poly Products – Manufacturing
Logistics – Port Management and Haulage
Real Estate
Dangote Foundation

Since inception, the Group has experienced phenomenal growth on account of quality of its goods and services, its focus on cost leadership and efficiency of its human capital. Today, Dangote Group is a multi-billion Naira company poised to reach new heights, in every endeavour competing with itself to better the past.

The Group’s core business focus is to provide local, value added products and services that meet the ‘basic needs’ of the populace. Through the construction and operation of large scale manufacturing facilities in Nigeria and across Africa, the Group is focused on building local manufacturing capacity to generate employment and provide goods for the people.Location: Ibese DCT, Ibese DCT

Company: Dangote Industries Limited

The Finance Manager, Inventory  will be responsible for overseeing all inventory-related financial transactions, ensuring the completeness and accuracy of inventory records, and maintaining strong internal controls. This role plays a critical part in aligning inventory valuation with corporate standards and supporting smooth financial closing activities.

Key Responsibilities

Organize and coordinate periodic physical inventory counts and cycle counts in accordance with DCT's inventory management policies.
Identify and report inventory variances and ensure timely resolution.
Perform inventory valuation after each physical count and determine obsolete or slow-moving items for write-off or disposal.
Conduct periodic revaluation of inventory based on new approved standard rates.
Maintain and monitor the accuracy of inventory accounts in the general ledger.
Perform month-end and year-end closing activities, ensuring timely reconciliation of inventory to general ledger.
Ensure compliance with internal controls and audit requirements related to inventory management.
Support continuous improvement initiatives to enhance inventory accuracy and cost efficiency.

Education & Work Experience

Bachelor’s Degree in Accounting or a related discipline.
Professional accounting certification (e.g., ICAN, ACCA) is an added advantage.
Minimum of 10 years of relevant work experience in inventory management or related finance roles.

Skills & Competencies

Strong understanding of the logistics industry, including trends and regulatory requirements.
Advanced knowledge of accounting principles and IFRS reporting standards.
Hands-on experience with ERP/inventory management systems, especially SAP.
Strong data gathering, analysis, and reporting skills.
Excellent problem-solving and decision-making abilities.
High attention to detail and accuracy.
Strong interpersonal and people management skills.
Excellent written and verbal communication skills.
Demonstrated integrity and high ethical standards.
Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).