Inventory Controller
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- Sitapura, Jaipur Working Days
- 6
About the Role
We are looking for an experienced Inventory Controller to manage inventory control, reconciliation, valuation and metal accountability across our manufacturing units. The role will have a strong focus on gold and silver inventory, physical verification, inventory reconciliation, loss/wastage control, valuation and audit readiness.
Key Responsibilities
• Manage inventory controls and processes across multiple manufacturing units.
• Ensure complete accountability of gold, silver and other inventory from receipt to production, transfer, finished goods and scrap.
• Conduct and supervise physical inventory verification and reconcile physical stock with ERP/book records.
• Investigate and resolve stock shortages, excesses and unexplained inventory/metal variances.
• Monitor metal loss, wastage and recovery against approved process norms.
• Prepare monthly inventory reconciliation, metal loss/wastage MIS and inventory reports.
• Ensure accurate inventory valuation in accordance with applicable Ind AS 2 requirements.
• Monitor WIP, finished goods, consumables, scrap and slow/non-moving inventory.
• Strengthen ERP and inventory controls, including transfers, adjustments, material codes, UOM and negative/backdated entries.
• Coordinate with Finance, Production, Stores, Procurement, Operations, Quality, IT/ERP and Unit Heads.
• Coordinate with internal, statutory, stock and tax auditors and ensure timely closure of inventory-related observations.
• Identify control gaps and drive corrective actions and process improvements. Required Experience &
Qualifications:
• 8–12 years of relevant experience in Inventory Control, Inventory Accounting, Costing, Audit or Finance.
• Strong experience in manufacturing is mandatory.
• Experience in jewellery, precious metals, metal processing or export-oriented manufacturing will be highly preferred.
• Hands-on experience in:
• Physical inventory verification
• Inventory reconciliation
• Inventory valuation and costing
• Gold/silver or precious-metal accounting
• Loss/wastage analysis
• ERP inventory controls
• Audit coordination
• Strong knowledge of Ind AS 2, manufacturing accounting and process costing.
• Advanced MS Excel and strong MIS/reporting skills.
• Experience in a ₹500 Cr+ organisation will be an added advantage. Ideal Candidate: The ideal candidate will have strong inventory control and finance/accounting expertise, excellent analytical and investigative skills, high integrity and the ability to identify and resolve inventory discrepancies in a high-value manufacturing environment. Precious-metal inventory experience will be a significant advantage.
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