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About Us
As a leader in luxury retail in the Middle East, Al Tayer Group's retail division, Al Tayer Insignia, hosts a portfolio of some of the world’s best luxury brands in the fashion, jewellery, home and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion and Hospitality sectors. Our brands include Bloomingdales, Harvey Nichols and Armani to name just a few!
About The Role
To manage & monitor the inventory and stock holdings ensuring system stock issues are minimized. Monitor and control movement of stock, formulate policies and control procedures in order to maintain minimum discrepancies
What You’ll Be Doing
Functional Roles and Responsibilities
• Oversee the entire process of stock transfers inter warehouse, warehouse to store and inter store, ensure the movements are recorded and updated to reduce discrepancies. Provide regular update on pending orders, claims for the damaged/shortage of merchandise & replenishment process.
• Monitor transactions daily, investigating discrepancies and confirming FOHD logs are raised. Also reviewing the status of logs to ensure accurate resolution.
• Investigate daily RESA reports and follow up with relevant parties for resolution of discrepancies, taking suitable actions. Investigate negative stock on hand and liaise with relevant managers to action problematic stock counts.
• Verify stocks periodically to have a data base of all available stocks, depletions and / or additions made, if any, to monitor the stock position in the warehouse. This includes reviewing , monitoring and reconciliation of SIN BIN, WMS and RMS stocks; of appointments, and reporting on quarantine issues.
• Manage perpetual stock take calendar in conjunction with designated managers and stock take team, communicate the plan, and ensure compliance to the plan . Oversee the physical stock take process, review stock take results in conjunction with the management and reconcile the figures by auditing physical stock movements. Prepare reports based on the findings and provide recommendations and suggestions to the GM. Implement stock loss action plans (formulated as a result of stock counts) in conjunction with Loss Prevention Team . Review stock loss posting to the GL and ensure correctness. Monitor and track account and publish cumulative results for business as per KPI’s defined or SOA.
• Review and monitor extent of damages in the stores and mitigate incidence in conjunction with managers. Ensure adequacy of financial provisions.
• Facilitate queries by internal and external auditors on stock accounts, reports and ageing, and reconciliation of financial accounts to inventory reports. Separately report consignment stocks and control discrepancies.
• Control assets and ensure that system inventory is updated at all time. Keep record of assets location; suggest strategy for clearing of unwanted or depreciated equipment. Ensure count as per SOA and initiate approvals for write off / destruction as required.
• Review Audit report findings, stock inventory related matters and ensure all requirements have been auctioned, and provide recommendations about changes in processes if required.
About You
Education/Certification and Continued Education
• Graduate, preferably in Commerce, with basic knowledge of accounting
Years of Experience
• 5 years relevant experience, of which at least 2 years in the Gulf region
Knowledge and Skills
• Computer Literacy
• Highly organized with eye for details
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