Indriya | Store Commercial Manager

2 weeks ago

Bengaluru Mangaluru Mysuru, India Novel Jewels Full time ₹ 9,00,000 - ₹ 12,00,000 per year

The Store Operations Manager (SOM) is responsible for overseeing key operational aspects, with a primary focus on inventory control, replenishment, and asset management. This role plays a crucial part in maintaining accuracy in inventory records, ensuring compliance with commercial regulations, and facilitating smooth day-to-day operations. The SOM will collaborate with various teams, including Commercial, QC, SCM to optimize processes and contribute to the store's overall efficiency.

Responsibilities:

  • Oversee inventory levels and replenishment processes.
  • Ensure corrective inward inventory measures are aligned with weight and measure standards for every piece.
  • Report discrepancies promptly and provide shortage reports to the management.
  • Monitor gold, diamond and other metal weights accuracy during inventory receipt and product billing for every item.
  • Maintain and control company assets within the store.
  • Document and regulate the movement of assets.
  • Report and take timely action in cases of missing inventory or assets.
  • Conduct weekly, monthly audits for physical stock verification.
  • Closely work with the finance team to ensure adherence to commercial compliances.
  • Manage old gold, weights and measures, and closure of accounts payable/receivable activities.
  • Raise invoices in SAP for accurate financial documentation.
  • Maintain records and reconcile various modes of payment.
  • Manage petty cash and ensure accurate reconciliation.
  • Conduct day opening and closing activities at the cash counter.
  • Collect cash and card receipts from cashiers.
  • Generate and maintain daily, weekly, and monthly sales reports.
  • Reconcile Tally credit card slips and other expense reports.
  • Ensure training of cashier team to avoid any financial losses or billing error.
  • Manage and motivate cashiering team to generate and process error free billing experience.
  • Ensure regular training and upskilling of cashiering team.

Qualification & Experience:

  • Bachelors degree in business administration, Finance, Inventory Management, Supply Chain Management, or a related field.
  • Proven experience of minimum 6 years as Operations Manager in a retail management role, with a focus on jewellery or luxury goods
  • Knowledge of commercial compliances and regulatory standards.
  • Prior experience in handling cash management and financial reconciliation.

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