Inventory Auditor- Retail

This role is focused on ensuring compliance with established controls and improving the accuracy and reliability of reporting across various retail outlets. The position involves conducting thorough audits, including inventory scanning, stock-taking, and cash counting, to maintain operational integrity and support the internal audit team in achieving its objectives.

Key Responsibilities

- Conduct inventory scanning and perform stock-taking and cash counting at retail outlets according to the audit plan.
- Verify adherence to standard operating procedures (SOPs) at each outlet.
- Examine manual records, bank cash deposits, customer exchanges, returns, and claims for accuracy.
- Review and validate expenses incurred at the outlet level.
- Carry out random spot checks on inventory to detect inconsistencies.
- Investigate inventory shortages, overages, and discrepancies related to damaged or defective stock.
- Prepare detailed stock variation reports and calculate article-wise discounts on inventory.
- Maintain comprehensive audit documentation and reports for each retail location.
- Review pending delivery challans and identify negative inventory balances to ensure timely resolution.
- Detect and report any malpractice or irregularities uncovered during audits.
- Coordinate effectively with the Accounts and Operations departments to facilitate smooth audit processes.
- Support the internal audit team in meeting departmental goals and perform additional tasks as assigned by the Head of Internal Audit.

Required Qualifications

- Minimum educational qualification of a Bachelor of Commerce (B.Com) degree or an equivalent qualification.
- At least 2 years of experience in an internal audit role, preferably within the retail sector.

Skills and Other Requirements

- Strong analytical and investigative abilities to identify and resolve discrepancies.
- Good understanding of audit processes and retail operations.
- Proficiency in Microsoft Office applications, particularly Excel and Word.
- Excellent report writing and documentation skills.
- Effective communication and coordination skills to liaise with multiple departments.
- Willingness to work late hours, travel to outstation locations, and perform night shifts as required.
- Must have own conveyance to facilitate field visits and outlet audits.

This position offers the opportunity to play a critical role in maintaining the financial and operational integrity of retail outlets through diligent auditing and compliance verification. Candidates should be prepared for a dynamic work environment that requires flexibility and strong attention to detail.