Perseus Mining (Tanzania) Limited is inviting applications from qualified and experienced accounting professionals for the position of Inventory Accountant. The successful candidate will support inventory valuation, financial reporting, cost control, stock reconciliation, internal controls and compliance for a large-scale gold mining operation in Tanzania.
This opportunity is particularly suitable for accounting professionals with experience in inventory accounting and exposure to mining, manufacturing, oil and gas, or other capital-intensive industries.
Job Details
- Job Title: Inventory Accountant
- Company: Perseus Mining (Tanzania) Limited
- Location: Tanzania
- Employment Type: Full-time
- Experience: 3–5 years in accounting
- Specialized Experience: At least 2 years in inventory or stock accounting
- Closing Date: 3 September 2026
About the Role
The Inventory Accountant will be responsible for maintaining accurate inventory records and ensuring that inventories are properly valued, controlled and reported.
The role covers a wide range of inventory categories, including consumables, spare parts, fuel, reagents, ore stockpiles and gold-in-process. The successful candidate will work closely with Finance, Supply Chain, Warehouse, Maintenance, Mining and Processing teams to strengthen inventory controls and support effective cost management.
Key Responsibilities
Inventory Accounting and Valuation
The Inventory Accountant will:
- Maintain accurate inventory records in the ERP system for warehouses and stock locations.
- Apply appropriate inventory valuation methods, including weighted average cost and standard cost.
- Calculate and post monthly inventory adjustments.
- Account for stock movements, cost allocations, shrinkage and write-downs.
- Prepare monthly inventory valuation reports.
- Reconcile inventory sub-ledgers with general ledger balances.
- Account for ore stockpiles, work-in-process and finished gold-in-process inventories in accordance with IAS 2 and applicable mining practices.
Reconciliation and Month-End Closing
Responsibilities will include:
- Performing reconciliations between physical stock, inventory systems and general ledger balances.
- Investigating differences relating to receipts, issues, transfers, returns and unit costs.
- Coordinating month-end cut-off procedures.
- Ensuring accurate recording of goods in transit, GRNs and uninvoiced receipts.
- Preparing inventory-related journals and supporting documentation.
- Providing inventory schedules and explanations for monthly management reports.
Cost Control and Usage Analysis
The successful candidate will:
- Analyse inventory usage by department, cost centre and project.
- Identify abnormal consumption and significant usage trends.
- Work with Supply Chain, Maintenance, Mining and Processing teams to understand cost drivers.
- Support standard cost and bill-of-material reviews.
- Assist in reviewing consumption norms such as fuel usage, tyre life and reagent consumption.
- Compare actual consumption against established standards.
- Provide inventory information for budgeting, forecasting and cost reduction initiatives.
Stocktakes and Internal Controls
The position will also involve:
- Coordinating and participating in periodic stocktakes and cycle counts.
- Developing stocktake procedures and counting instructions.
- Investigating stock variances.
- Reviewing and approving stock adjustments arising from physical counts.
- Strengthening controls over receiving, storage, issuing, returns and write-offs.
- Ensuring appropriate segregation of duties between warehouse, supply chain and finance functions.
Inventory Provisioning and Obsolescence
The Inventory Accountant will:
- Monitor slow-moving, obsolete and excess inventory.
- Prepare inventory ageing and turnover analyses.
- Calculate and recommend provisions for obsolete, damaged or non-moving inventory.
- Work with Supply Chain and user departments on stock rationalisation.
- Support write-offs, disposals and inventory reduction initiatives.
Systems and Data Management
Key duties include:
- Maintaining accurate inventory master data.
- Supporting ERP inventory and warehouse management systems.
- Identifying opportunities to improve inventory processes.
- Improving the accuracy and efficiency of inventory transactions.
- Providing guidance and training to warehouse and end-user staff on inventory procedures.
Compliance, Audit and Reporting
The successful applicant will:
- Ensure inventory accounting complies with IFRS, particularly IAS 2.
- Support compliance with Tanzanian regulations and company policies.
- Prepare inventory schedules and documentation for internal and external audits.
- Respond to audit queries and assist with resolving audit findings.
- Support corporate reporting and group consolidation requirements relating to inventory.
- Prepare relevant KPIs and management information.
Qualifications and Experience
Applicants should have:
- A Bachelor’s degree in Accounting, Finance, Commerce or a related field.
- A professional qualification such as CPA, ACCA or CIMA, or progress towards one, is preferred.
- 3–5 years of accounting experience.
- At least 2 years of experience in inventory or stock accounting.
- Experience in a capital-intensive, manufacturing or similarly complex environment.
- Experience in mining, particularly gold mining, oil and gas, manufacturing or heavy industry is strongly preferred.
- Knowledge of IFRS, especially IAS 2 on inventories.
- Knowledge of the Tanzanian tax and regulatory environment is an advantage.
- Practical experience using ERP systems and inventory modules such as SAP, Pronto or Sage.
Skills and Competencies
The ideal candidate should demonstrate:
- Strong accounting and inventory management skills.
- Excellent analytical and problem-solving abilities.
- Strong reconciliation and reporting skills.
- Good understanding of inventory controls.
- Attention to detail and accuracy.
- Ability to work with ERP and financial systems.
- Strong communication and teamwork skills.
- Ability to work effectively with Finance, Warehouse, Supply Chain and operational teams.
- High level of integrity and professionalism.
Who Can Apply?
This position is intended for experienced accounting professionals who meet the academic and professional requirements and have practical experience managing inventory accounting processes.
Candidates with experience in gold mining, manufacturing, oil and gas or other heavy industries may have an advantage because of the complexity and scale of inventory involved in the role.
How to Apply
Interested candidates should submit their applications by email.
Send your application to:
The email subject line must state: Inventory Accountant.
Applicants should ensure that their application clearly demonstrates their accounting qualifications, relevant inventory experience and knowledge of ERP systems.
Application Deadline
The closing date for applications is:
3 September 2026
Applicants are encouraged to submit their applications before the deadline and ensure that the advertised job title is used as the email subject.
Final Thought
The Inventory Accountant position at Perseus Mining Tanzania provides an opportunity for an experienced accounting professional to contribute to financial control and inventory management within a large-scale mining environment. Candidates with strong inventory accounting experience, knowledge of IFRS and practical ERP skills should consider applying before 3 September 2026.
