Inventory Controllership

4 days ago

Bengaluru, India GIVA Full time
Position Type:

Full-TimeQualification -

CA Intermediate/ Chartered Account/ MBA (Finance).

About Us:

Indie Jewel Fashion Pvt Ltd (GIVA) is a leading fashion and jewellery company renowned for its unique designs and high-quality craftsmanship. Our mission is to blend tradition with modernity to offer exquisite jewellery that celebrates individuality. We are seeking a meticulous Finance Controllership - Assistant Manager to oversee our inventory accounting and management functions.

Job Summary:

The Finance Inventory Controllership - Assistant Manager will be responsible for ensuring the accuracy and integrity of our inventory records. This role includes overseeing physical verification, managing inventory flow, driving monthly reconciliations, and validating vendor/ customer returns. The ideal candidate will bring strong analytical skills, attention to detail, and a proactive approach to managing inventory across various categories and locations.

Key Responsibilities:

Inventory Accounting:

Maintain precise records of inventory transactions and balances.Reconcile inventory records with physical counts to ensure accuracy.Monitor and analyze inventory movements to detect discrepancies or issues.

Physical Verification:

Supervise regular physical verification of inventory to ensure consistency.Investigate and resolve any variations between physical counts and recorded data.Implement procedures for accurate inventory tracking and reporting.

Inventory Management:

Oversee and manage inventory flow into and out of the warehouse.Categorize inventory and maintain aging buckets to effectively manage stock levels.Analyze inventory data to optimize stock levels and mitigate excess or obsolete inventory.

Reconciliation and Reporting:

Lead monthly reconciliations of in-transit stock and stock at various locations.Prepare and present detailed inventory reports and analysis to senior management.Ensure timely and accurate financial reporting related to inventory.

Vendor Returns:

Validate and reconcile all vendor-related returns and ensure correct accounting.Collaborate with vendors to resolve discrepancies and ensure proper documentation.

Exception Reports tracking and solution:

Create and Monitor Inventory exception reports with Tech teamsTracking exception reports and follow-up towards closureDrive all exceptions towards minimal count

Compliance and Controls:

Ensure compliance with company policies, procedures, and accounting standards related to inventory management.Develop and monitor internal controls to protect inventory assets.

Continuous Improvement:

Identify and propose process improvements to enhance inventory accuracy and efficiency.Stay abreast of industry best practices and emerging trends in inventory management.

Qualifications:

CA Intermediate/ Chartered Account/ MBA (Finance).Minimum of 2 years of experience in inventory accounting and management in a retail/consumer industryStrong understanding of inventory accounting principles and practices.Proficiency in accounting software and ERP systems.Excellent analytical and problem-solving abilities.Detail-oriented with strong organizational skills.Ability to work independently and collaboratively within a team.Effective communication skills, both written and verbal.

Preferred Qualifications:

CA with 2 years of experienceExperience with advanced inventory management systems and tools.Knowledge of fashion and jewellery industry inventory practices is advantageous.

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