Job Description

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:

o Education: Bachelor's degree in commerce, accounting, or a related field.

o 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.

o Technical Skills: Proficiency in inventory management systems (e.g., ERP, POS) and Microsoft Excel for stock analysis.

o Attention to Detail: Strong focus on accuracy and attention to detail in stock counts and record-keeping.

o Analytical Skills: Ability to analyze stock discrepancies, identify patterns, and recommend solutions.

o Communication: Good written and verbal communication skills to prepare reports and communicate with different teams.

o Integrity: High level of integrity and trustworthiness, as this role involves handling valuable inventory.

Key Competencies:

o Strong organizational skills

o Problem-solving and analytical thinking

o Knowledge of stock control processes and loss prevention techniques

o Ability to work under pressure and meet deadlines

Benefits:

o Provident Fund

o Paid Leave

o Daily Snack

o Yearly Bonus

o Health Insurance

o Opportunities for professional growth and development

o 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