Stock Audit

Job Title: Stock Auditor

Location: Hyderabad

Department: Audit

Reports To: Audit Lead / Management

Job Summary

Krishna Jewellers Pearls & Gems Pvt. Ltd. is looking for a meticulous and trustworthy Stock Auditor to oversee inventory accuracy across our jewellery showrooms. The role involves conducting regular stock verification, identifying discrepancies, ensuring compliance with inventory processes, and maintaining accurate records of Gold, Diamond, Silver, Pearl, and Gemstone jewellery.

Key Responsibilities

Stock Verification & Audit

• Conduct daily, weekly and monthly stock audits in showroom locations.
• Physically verify jewellery inventory against ERP/system records.
• Check product codes, weights, purity details, stone details, and inventory tags for accuracy.
• Verify inward and outward stock movements, including sales, returns, repairs, exchanges, and transfers.
• Identify stock shortages, excess stock, and inventory mismatches.

Inventory Reconciliation

• Reconcile physical stock with inventory records and audit reports.
• Investigate discrepancies and determine root causes.
• Ensure timely closure of inventory variances and audit observations.
• Maintain accurate records of audit findings and corrective actions.

Process Compliance

• Ensure adherence to company stock handling and inventory control procedures.
• Verify proper documentation for stock movements and approvals.
• Monitor compliance with showroom inventory security protocols.
• Support implementation of internal controls to prevent inventory losses.

Reporting & Analysis

• Prepare audit reports highlighting discrepancies, observations, and recommendations.
• Submit periodic inventory status reports to management.
• Analyze inventory trends and recurring issues to improve stock accuracy.
• Assist management during annual and periodic stock audits.

Coordination

• Coordinate with Store Managers, Sales Teams, Operations, and Finance Departments.
• Support stock-taking activities during exhibitions, events, and special inventory counts.
• Assist in implementing process improvements related to inventory management.

Qualifications

• B.Com, BBA, MBA, or any Bachelor's Degree.
• Certification in Audit, Accounting, or Inventory Management is an added advantage.

Experience

• 2–5 years of experience in Stock Audit, Inventory Audit, Internal Audit, or Inventory Control.
• Experience in Jewellery Retail, Gold, Diamond, Silver, or Luxury Retail industry preferred.

Required Skills

• Stock Verification & Reconciliation
• Product Audit
• Inventory Management
• Internal Audit Procedures
• MS Excel (VLOOKUP, Pivot Tables, Reports)
• ERP Software Knowledge
• Analytical & Problem-Solving Skills
• Attention to Detail
• Documentation & Reporting
• Communication & Coordination Skills

Preferred Skills

• Experience handling Gold, Diamond, Silver, Pearl, and Gemstone inventory.
• Understanding of jewellery stock control and audit processes.
• Knowledge of retail showroom inventory operations.

Key Competencies

• High Integrity & Confidentiality
• Strong Numerical Ability
• Detail-Oriented Approach
• Analytical Thinking
• Process Compliance
• Ability to Work Independently and Meet Deadlines

Salary

Best in the Industry

Benefits

• Health Insurance
• Career Growth Opportunities
• Provident Fund.
• Paid Leave.
• Daily Snack.
• Yearly Bonus.
• A supportive and friendly work environment