Assistant Manager - Costing and Inventory

Responsibility and essential job functions include but are not limited to the following: - Inventory ManagementImplementation, execution and monitoring of inventory level controls at all levels (stores and warehouse)Working on inventory provisioning in collaboration with other departments.Responsible for inventory valuation across company.Manage auditors (internal and external)Manage and execute the inventory and costing function, including developing and implementing inventory management procedures and controls. (store and warehouse)Monitor inventory levels, track inventory movements (stock transfers), and ensure inventory accuracy.Conduct regular inventory audits and reconcile inventory discrepancies.Analyse inventory data to identify trends, inefficiencies, and opportunities for improvement.Partner with other departments to ensure timely and accurate inventory and costing information.Manage store queries related to inventory and COGS and provide timely and accurate responses.Prepare and analyse inventory and costing reports, including COGS, inventory aging, write off, Scrapping and inventory turnover.Support the implementation of cost-saving initiatives.Review and approve Price in Master Records. Involvement in Price Revision Activity basis the requirement.
Stay up-to-date with industry trends and best practices related to inventory management and costingCOGS reviewConduct monthly COGS reviews to monitor variances, identifying any discrepancies related to changes in MAP, other charges, or PO errors. Flag any issues to the relevant teams for resolution.Review COGS at the store level to identify key variances and determine the reasons behind them.Respond to queries and concerns from the SCO team and store partners, providing solutions and closing cases within agreed-upon SLAs.Collaborate with the category team to identify and resolve COGS issues stemming from discrepancies in BOMs.Key Success Factors:Well-organized, highly efficient with a keen eye for detailStrong communication and business partnering skills.Strong business acumen and understanding of functional linkages; ability to understand business issues and translate into solutionsExceptional analytical and creative problem-solving skillsSelf-starter with the enthusiasm to challenge the status quo and drive changeAbility to converse with all levels of management. Adept at building relationships across organizationsAbility to lead a highly diverse and performing teamQualification:Chartered Accountant with 4-5 years of post-qualification experience in costing