Job opening For Inventory Accounting

6 days ago

Bengaluru, Karnataka, India Teamlease Digital Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Dear Candidate,

Role & responsibilities

Inventory Issue Resolution & Monitoring:

Triage and respond to daily store and operations emails related to inventory issues (e.g., incorrect movements, scanning issues, cost discrepancies).

Monitor and correct zero-cost inventory, unreceived cartons, and system interface errors between ERP and store/DC systems.

Investigate and resolve daily reconciliation variances from Distribution Centers (DCs).

Inventory Adjustment Processing:

Process manual inventory adjustments for:

Mark-to-zero/write-offs

Store openings and closures

Return to vendor (RTV)

DC-to-DC transfers

Donations, samples, and other non-standard movements

Ensure adjustments are properly documented and approved in accordance with internal policies.

Inventory Reconciliation & Physical Counts:

Support and reconcile results from annual store physical inventories.

Work with store ops and loss prevention to investigate and resolve inventory shrink or overage variances.

Track and update theft reports

Weekly review of high shrink stores

Reporting & Analysis:

Prepare and publish monthly reports, including:

Inventory Bridge

Sales and Gross Margin summary

Store-to-store transfers

Inventory adjustments

Ad hoc inventory and margin analysis for Finance and Business teams

Month-End Close Activities:

Assist with closing tasks such as:

Inventory and adjustment account reconciliations

Returns reserve calculations

Inventory rollforwards and margin checks

Controls & Compliance:

Maintain proper documentation of adjustments and reconciliations to support internal controls and audits.

Ensure compliance with internal policies and financial controls around inventory handling and reporting.

Preferred candidate profile

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