Assistant Manager - Inventory Control
Damas Jewellery
Total years of experience :21 years, 2 Months
• Computerized accounting using E.R.P Package “NAVISION”
• Preparing inventory verification report on weekly and monthly basis. The report gives the details of the components of stores jewellery stock, details of the previous two stock verification results and deviations, if any.
• Periodic reconciliation of inventory accounts (including consignment A/c) with various divisions.
• Planning and supervision of inventory verification on a regular basis across all the UAE outlets.
• Regular participation in the physical inventory verification of stores.
• Preparation of MIS regarding age-wise and store wise inventory and its dead stock declaration.
• Checking and control of ‘inventory in-transit’ accounts in Navision
• Co-ordination with Sales, marketing and operations department for necessary actions regarding inventory shortages and their recovery.
• Co-ordination with HR Department on the inventory shortage dues of sales staff, if any and ensuring that the dues are recovered at the time of final settlement of sales staff leaving the company.
• Preparation and posting of necessary Journal Vouchers at retail as well as Head office level related to inventory verification adjustments.
• Maintenance of complete set of accounts for a few jewellery stores in UAE.
(1) Daily posting of sales and inventory movement transactions
(2) Ensuring daily cash, credit card and other sales collections
(3) Accounting all expenses related to the store
(4) Reconciliation of various inventory accounts (current and consignment)
(5) Reconciliation with other Divisions for all current account transactions.
• Hands on experience in Gold products division, role include Accounting of jewellery purchases
(1) Preparation of Purchase Orders.
(2) Acceptance of purchase orders and creation and posting of jewellery transfers.
(3) Preparation of Gold Receipt Vouchers for the sales returns jewellery from the stores.
• Administrator in charge for the day to day activities of the office, handling the office administration independently.
• Computerized Accounting- Entries for bank borrowings and investments, Entry related to FD repayment and tallying with daily report.
• Works concerned with Store (Generating Purchase Order, Goods Receipt Note, Material Issue etc )
• Generating MIS & related reports.
• Generating Fund requirement, Bank reconciliation, TDS statements and Service Tax Collection Report
• Keeping personal ledgers.
Master of Business Administration in Finance