Financial Accountant: Stock

About

An Agritalet client, multinational agri-commodties trading firm, seeks a Financial Accountant: Stock to responsible for the accurate financial accounting, reconciliation, valuation, and reporting of all stock-related transactions within the trading business.

This role manages end‑to‑end stock accounting processes, including stock reconciliations, supplier (farmer and co‑op) stock payments, stock financing with banks, and month-end close activities.

The position supports a high‑volume trading environment and requires strong analytical skills, attention to detail, and the ability to work under pressure with strict monthly deadlines.

Key working relationships:

• Internal: CFO, Head of Trading and Traders, Logistics/Execution, IT/ERP
• External: Auditors, SARS, banks

Duties & Responsibilities

1 Stock Reconciliations

• Perform daily, weekly, and monthly reconciliations of stock across all sites, warehouses, and product categories.
• Identify, investigate, and resolve stock discrepancies between operational systems, ERP records, and financial ledgers.
• Maintain accurate stock ledgers and ensure integrity of all stock movements.
• Collaborate with procurement, logistics, and operations teams to validate receipts, dispatches, losses, and adjustments.

2 Stock Payments (Farmers & Co-ops)

• Prepare and process accurate stock supplier payments, including farmers, cooperatives, and third‑party trading partners.
• Verify contract pricing, quality grading, volumes, and delivery documentation before payment approval.
• Maintain complete and auditable documentation for all stock-related payments.
• Reconcile supplier accounts and resolve billing or stock-related disputes.

3 Stock Financing with Banks

• Manage all stock‑related financing arrangements with banking partners.
• Prepare and submit accurate stock position reports to banks for financing facilities (e.g., inventory financing).
• Ensure that stock values submitted to banks reconcile fully to internal systems and financial records.
• Monitor bank financing limits, interest charges, and facility utilisation to ensure compliance with terms.
• Liaise with bank representatives regarding facility drawdowns, reconciliations, audits, and compliance checks.
• Maintain finance schedules and ensure proper accounting of interest, fees, and financing adjustments.
• Support treasury, finance leadership and logistics team with forecasting and liquidity planning related to stock financing.

4 Month-End Accounting & Reporting

• Perform month‑end stock valuations in accordance with company policies (relevant valuation methodology).
• Process month‑end journals, including GRN accruals, stock provisions, fair value adjustments, and write‑offs.
• Prepare detailed stock‑related management reports, including variance analysis, cost changes, and gross margin impacts.
• Support external audits with stock documentation, reconciliations, and year‑end stock count evidence.

5 Financial Controls & Compliance

• Ensure compliance with IFRS and internal control procedures across all stock processes.
• Maintain accurate audit trails for all stock movements, valuations, and financing activities.
• Identify control gaps, propose improvements, and support implementation of process enhancements.

6 Systems & Process Support

• Ensure stock modules within the ERP system operate accurately and reflect real-time stock positions.
• Assist with system enhancements, testing, and implementation of stock-related changes.
• Train operational teams on correct stock capturing practices and control procedures.

7 Ad‑hoc Responsibilities

• Perform additional duties, analyses, reporting, or support tasks as required by Senior Management.
• Assist with special projects, process improvements, strategic initiatives, or operat

Desired Experience & Qualification

Qualifications

• Relevant financial and accounting qualification with at least three years completed SAIPA/SAICA articles.
• Experience: 3-5+ years in finance , preferably in trading, agriculture or any stock-intensive environment.

Experience:

• Experience in stock accounting, reconciliations and stock financing essential and highly advantageous.
• Strong knowledge of IFRS/IFRS for SMEs and VAT (imports/exports/zero-rating).
• Demonstrated ability to drive system enhancements and automation.
• Excellent presentation, communication skills and time management skills.
• Confident character to challenge and influence management with the objective to improve the business.
• Advanced Excel skills.