(Only 24h Left) Inventory Controllership

3 days ago

Bengaluru, India GIVA Full time
Position Type: Full-Time

Qualification - 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 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.

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