Stock Auditor

Senior Auditor – Stock Audit (Fashion/Textile)

Location

Gandhi Nagar, Delhi

Salary

Up to ₹30,000/month (based on experience & fit)

Reporting To

Audit Manager / Head of Internal Audit

Role Purpose

The Senior Auditor (Stock Audit) will be responsible for planning, executing and reporting audits of stock/inventory in the fashion/textile business — including warehouses, stores, production inputs (fabric, accessories), finished goods — with a focus on verifying actual vs book, identifying variances, losses, process controls, and recommending improvements.

Key Responsibilities

• Develop annual/quarterly stock audit plan in coordination with audit leadership, covering warehouses, stores, production locations, returns and obsolete inventory.
• Conduct physical stock verification: reconcile physical counts with ERP/book records; verify raw materials, work-in-progress, finished goods, accessories, rejects and wastage.
• Analyse variances (shortages, excesses) and prepare detailed audit reports with root cause, quantitative impact, and recommendations.
• Review stock movement, issuance, receipt, returns and transfers (store to store, warehouse to store, production to warehouse) to ensure proper documentation, authorisation and system update.
• Verify depreciation/write-off/obsolescence policies for inventory and ensure appropriate provisioning.
• Evaluate internal controls over inventory: receiving, storage, issuance, scrap, waste, cycle counts, monthly reconciliations.
• Coordinate with accounts/finance teams for stock valuation, impairment, inventory ageing and provisions.
• Liaise with store/warehouse/production teams to understand handling, storage, labeling, lot control, SKU rationalisation.
• Prepare MIS/ dashboards showing inventory health: slow-moving, obsolete, dead stock, shrinkage trends, variances by location/style.
• Follow up on previous audit findings and ensure timely implementation of corrective actions.
• Assist in training junior auditors or store/warehouse staff on stock audit best practices and internal control awareness.
• Support special investigations in case of suspected inventory pilferage, excess, misstatement.
• Adhere to audit quality standards, confidentiality and ethical behaviour.

Candidate Profile / Qualification

• Bachelor's degree in Commerce, Finance, Accounting or equivalent (a postgraduate degree or certification (e.g., CWA/CA inter/ CMA) is a plus).
• 3-5 years of experience in stock/inventory audit, preferably in the fashion/retail/textile industry (if you want a senior role).
• Strong knowledge of inventory accounting, stock valuation methods, ERP systems (e.g., Tally, SAP, Oracle, or similar) and MS Excel (pivot tables, v-lookups).
• Good understanding of the fashion/retail supply chain: raw materials, fabric/trim, manufacturing, warehousing, stores, finished goods.
• Excellent analytical skills, attention to detail and ability to identify process risks and control gaps.
• Good communication and report writing skills (Hindi & English) to present findings and liaise with cross-functional teams.
• High level of integrity, independence, ability to travel to stores/warehouses within NCR as needed.
• Willingness to travel to off-site locations (if required) and work out of hours during physical stock counts.

Desirable

• Knowledge of stock audit methodology, inventory cycle counting, shrinkage analysis.
• Prior experience in fashion/textile industry (retail chain, garment manufacturing, accessories).
• Experience supervising a small audit team or coordinating with operations/warehouse teams.
• Familiarity with GST/inventory taxation implications (for scrap, returns, obsolescence).
• Ability to generate dashboards/visualisations for senior management (using Excel or BI tools).

Working Conditions

• Based in Gandhi Nagar, Delhi with frequent visits to stores/warehouses within NCR.
• Physical stock counts may require early mornings/late evenings or weekend visits depending on store/warehouse timings.
• Six-day work week or as per company policy; field travel may require allowance/reimbursement.

Key Metrics / Performance Indicators

• % variance between physical stock and book stock by location.
• Number of audit observations closed within timeline (%).
• Reduction in stock shrinkage/obsolescence year-on-year.
• Timeliness and quality of audit reports delivered.
• Implementation rate of audit recommendations.

Job Type: Full-time

Pay: ₹15, ₹25,000.00 per month

Benefits:

• Provident Fund

Work Location: In person