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Inventory Control Officer

2.00 to 4.00 Years   Kuwait   01 Nov, 2023
Job LocationKuwait
EducationBachelor's degree / higher diploma
Salary$1,000 - $1,500
IndustryAccounting; Retail & Wholesale; FMCG
Functional AreaNot Mentioned

Job Description

  • Responsible for providing oversight of all financial aspects of Mohamed Naser Al ? Hajery & Sons, Inventory Operations.˙In addition to implementing and monitoring inventory controls, verifying purchases/expenses and reviewing reported revenues in line with Mohamed Naser Al ? Hajery & Son?s Policies and Procedures.
  • Implement the Department?s set policies and procedures and comply with the Mohamed Naser Al ? Hajery & Sons other policies.
  • Responsible to maintain and create Inventory cost according to GAAP rules.
  • Control analyzes and report Inventory Costs results and source to settle variances on a monthly basis to business partners by providing high level commentary and estimates for recurring events to stakeholders.
  • Review and ensure accurate Inventory cost data is reported per Department in monthly cost, sales and inventory consolidation report.
  • Work closely with the Mohammed Naser Al ? Hajery & Sons Operations Departments on operational, inventory and cost related matters.
  • Establish and implement cost control system and cost category for each Mohammed Naser Al-Hajery & Sons business unit.
  • Achieve Inventory Budget objectives by monitoring Inventory expenditure, analyzing variances and initiating corrective actions when required.
  • Evaluate standard costs, determine theoretical cost and selling price, and provide recommendations on cost control for all Mohammed Naser Al Hajery & Sons Inventory.
  • Protect assets by establishing, monitoring and enforcing internal controls to ensure minimum waste and maximum return on Inventory.
  • Prepare monthly Inventory reports by collecting, analyzing and summarizing information and trends relating to all Mohammed Naser Al-Hajery & Sons Inventory.
  • Supervise stocktaking process in stores, kitchens and Warehouses, and investigate and trace inventory discrepancies.
  • Ensure proper record keeping of inventories, track and audit all inventory processes.
  • Oversee preparation of all reports relating to Inventory costing, ensure costs are allocated correctly to each Mohammed Naser Al-Hajery & Sons business unit.
  • Verify daily outlet void control sheets, control daily complimentary, FOC and business recovery transactions for all Mohammed Naser Al-Hajery & Sons Inventory.
  • Perform other duties related to the job as assigned by the Direct Manager.
  • Prepare and submit reports to the Direct Manager that cover all the Inventory activities within Mohamed Naser Al ? Hajery & Sons, including identification of potential problems and recommendations for corrective action on a regular basis.

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