Stock Auditor

3 weeks ago

Jubilee Hills Hyderabad Telangana, India Krishna Jewellers Pearls & gems Full time

**Job Title**: Stock Auditor

**Location**: Jubilee Hills

**Department**: Audit

**Reports to**: Team Lead

**Objective**:
The Stock Auditor is responsible for maintaining the accuracy of the stock records in Krishna Jewellery Pearls & Gems by performing regular stock audits, verifying physical stock against system records, identifying discrepancies, and ensuring proper stock management practices are followed.

**Key Responsibilities**:
**1) Stock Audits & Reconciliation**:

- Conduct regular physical stock audits of jewellery items, including gold, silver, diamonds, pearls and other precious stones.
- Verify the accuracy of stock records in the inventory management system by comparing them with physical stock.
- Ensure all stock is counted, categorized and recorded correctly during the audits. **2) Inventory Management**:

- Assist in managing stock movements, including receiving new stock, transfers between branches and stock returns.
- Monitor and report on slow-moving, obsolete, or damaged items and recommend appropriate actions (e.g., return to vendor, re-polishing, etc.).
- Ensure proper tagging, labelling, and coding of all jewellery items for accurate tracking. **3) Discrepancy Identification & Resolution**:

- Identify and investigate discrepancies between physical and system stock during audits.
- Prepare and present audit reports with findings and recommendations for corrective actions.
- Collaborate with the sales, inventory, and procurement teams to resolve discrepancies. **4) Compliance & Security**:

- Ensure adherence to the company’s policies and procedures regarding stock control and management.
- Implement security measures to prevent stock theft, pilferage, or loss.
- Conduct random spot checks of stock to ensure consistent compliance with stock control processes. **5) Documentation & Reporting**:

- Maintain detailed and accurate records of all stock audit activities.
- Prepare daily, weekly, and monthly stock audit reports and submit them to the management for review.
- Ensure all stock-related documents, including invoices and receipts, are properly filed and maintained. **6) System Updates & Accuracy**:

- Update inventory records in the software system after each audit.
- Work with the IT department to ensure the stock management software is functioning effectively and accurately.
- Train relevant staff on the importance of maintaining accurate stock records and following inventory procedures. **7) Loss Prevention & Cost Control**:

- Monitor and minimize stock variances by implementing strict stock control measures.
- Recommend improvements to reduce shrinkage, damages, and losses.
- Assist management in identifying and implementing cost-saving opportunities related to inventory management.

**Skills & Qualifications**:

- **Education**: Bachelor's degree in commerce, accounting, or a related field.
- **Experience**: Minimum of 2-3 years of experience in stock auditing, inventory management, or a related role, preferably in a jewellery or luxury goods environment.
- **Technical Skills**: Proficiency in inventory management systems (e.g., ERP, POS) and Microsoft Excel for stock analysis.
- **Attention to Detail**: Strong focus on accuracy and attention to detail in stock counts and record-keeping.
- **Analytical Skills**: Ability to analyze stock discrepancies, identify patterns, and recommend solutions.
- **Communication**: Good written and verbal communication skills to prepare reports and communicate with different teams.
- **Integrity**: High level of integrity and trustworthiness, as this role involves handling valuable inventory.

**Key Competencies**:

- Strong organizational skills
- Problem-solving and analytical thinking
- Knowledge of stock control processes and loss prevention techniques
- Ability to work under pressure and meet deadlines

**Benefits**:

- Provident Fund
- Paid Leave
- Daily Snack
- Yearly Bonus
- Health Insurance
- Opportunities for professional growth and development
- A supportive and friendly work environment

**Job Types**: Full-time, Permanent

Pay: ₹18,000.00 - ₹40,000.00 per month

**Benefits**:

- Food provided
- Health insurance
- Leave encashment
- Paid time off
- Provident Fund

Schedule:

- Day shift
- Fixed shift

Supplemental Pay:

- Overtime pay
- Performance bonus
- Yearly bonus

Work Location: In person

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