
Inventory Control Specialist
3 days ago
Inventory Manager Job Description
Job Summary:The purpose of this position is to ensure accurate recording and maintenance of inventory records, including stock position, value, and aging records as per accounting standards.
Responsibilities:- Organize inventory checks to reconcile physical and book balances of inventory stock in coordination with Stores in-charge and Information Technology (IT) department to resolve any discrepancies.
- Maintain updated and accurate aging records of inventory, including transfers and cycle counts including store's loan account.
- Review documentation and monitor product codes to search for discrepancies; troubleshoot quantity discrepancies between stock and records.
- Develop financial inventory reports for review by senior management as and when required.
- Support external auditors in arranging physical inventory checks and assist in other matters pertaining to audit.
- Review monthly/ quarterly statements pertaining to inventory.
- Develop and implement improvements to existing operational procedures to maximize efficiency.
- Prepare, generate, and file financial inventory reports; review reports monthly with management.
- Facilitate Regulatory Affairs Department pertaining to Oil and Gas Regulatory Authority (OGRA) templates related to Accounts Department as per prescribed guidelines.
- Ensure compliance to the Enterprise Risk Management Framework enforced in the Company while performing job responsibilities in accordance with assigned role.
- Ensure compliance to the Business Principles and Ethics Policy / Code of Conduct.
- Undertake any other task assigned by supervisor.
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