Inventory Accountant

Perseus Mining Limited is seeking an experienced Inventory Accountant to support inventory valuation, control, reconciliation, and reporting for a large-scale gold mining operation in Tanzania. The role covers a wide range of mining inventories, including consumables, spare parts, fuel, reagents, explosives, ore stockpiles, and gold-in-process.

The successful candidate will work closely with Finance, Supply Chain, Warehouse, Maintenance, Mining, and Processing teams to maintain accurate inventory records and strengthen cost controls. The position also requires strong knowledge of IFRS, particularly IAS 2, as well as experience with ERP inventory systems and inventory accounting in mining, manufacturing, or another capital-intensive environment.

Responsibilities

• Maintain accurate inventory records in the ERP system across warehouses and stock locations.

• Apply appropriate inventory valuation methods, including weighted average cost and standard cost.

  

• Calculate and post monthly inventory adjustments for stock movements, cost allocations, shrinkage, and write-downs.

• Prepare monthly inventory valuation reports and reconcile inventory sub-ledgers with the general ledger.

  

• Account for ore stockpiles, work in process, and finished gold-in-process inventories in accordance with IAS 2 and relevant mining practices.

• Reconcile physical stock, inventory modules, and general ledger balances.

  

• Investigate and resolve discrepancies involving receipts, issues, transfers, returns, and unit costs.

• Coordinate month-end cut-off procedures for goods in transit, GRNs, and uninvoiced receipts.

  

• Prepare inventory journals, including reclassifications, provisions, and adjustments.

• Provide inventory schedules and commentary for monthly management reports.

• Analyse inventory usage by department, cost centre, and project.

• Identify abnormal consumption patterns and key inventory cost drivers.

• Work with Supply Chain, Maintenance, Mining, and Processing teams on inventory and cost matters.

• Support standard-cost and bill-of-materials reviews for critical items and consumables.

• Assist in establishing and reviewing consumption norms for fuel, tyres, reagents, and other key resources.

• Provide inventory data for budgeting, forecasting, and cost-reduction initiatives.

• Coordinate and participate in stocktakes and cycle counts.

• Develop stocktake procedures, count instructions, and variance-investigation guidelines.

• Review and approve stock adjustments resulting from stock counts.

• Strengthen internal controls over inventory receiving, storage, issuing, returns, and write-offs.

• Ensure appropriate segregation of duties between warehouse, supply chain, and finance functions.

• Monitor slow-moving, obsolete, and excess inventory.

• Prepare inventory ageing and turnover analyses.

• Calculate and recommend provisions for obsolete, damaged, or non-moving inventory.

• Support write-offs, disposals, and stock-rationalisation programmes.

• Maintain accurate inventory master data, including item codes, descriptions, units of measure, and costing parameters.

• Support the implementation and optimization of ERP inventory and warehouse-management modules.

• Identify and implement process improvements to improve inventory accuracy and control.

• Train warehouse and end-user staff on inventory procedures and documentation.

• Ensure compliance with IFRS, particularly IAS 2, Tanzanian regulations, and company policies.

• Prepare inventory schedules and supporting documentation for internal and external audits.

• Address inventory-related audit queries and findings.

• Support group reporting, consolidation packs, KPIs, and other corporate inventory reporting requirements.

Qualifications and Requirements

Applicants should have:

• Bachelor’s Degree in Accounting, Finance, Commerce, or a related field.

• Professional qualification such as CPA, ACCA, or CIMA, or progress toward one, is preferred.

• 3–5 years of accounting experience.

• At least 2 years of experience specifically focused on inventory or stock accounting.

• Experience in a capital-intensive or manufacturing environment.

• Experience in mining, particularly gold mining, is strongly preferred.

• Experience in oil and gas, manufacturing, or other heavy industries is also advantageous.

• Strong knowledge of IFRS, particularly IAS 2 – Inventories.

• Familiarity with the Tanzanian tax and regulatory environment is an advantage.

• Hands-on experience with ERP systems and inventory modules such as SAP, Pronto, or Sage.

How to Apply

Interested and qualified candidates should submit their applications by email to:

Email: [email protected]

Use “Inventory Accountant” as the subject line of the email.

Applications are accepted by email only.

Deadline: 3 September 2026

Final Thought

This position is particularly suitable for accountants with hands-on inventory accounting experience and an understanding of mining, manufacturing, or other heavy industrial operations. Candidates with CPA, ACCA, or CIMA qualifications, strong IAS 2 knowledge, and practical ERP experience will have a strong match for the role.