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Inventory Controllership

2 months ago

Bengaluru, India GIVA Full time

Position Type: Full-Time


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 teams
  • Tracking exception reports and follow-up towards closure
  • Drive 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 industry
  • Strong 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 experience
  • Experience with advanced inventory management systems and tools.
  • Knowledge of fashion and jewellery industry inventory practices is advantageous.