Group Inventory Controller cum Merchandiser
Al Fahim Avenue Group
Total years of experience :17 years, 10 Months
Al Fahim Avenue Group scope of business is focused on retail and distribution of luxurious life style products. The group works with renowned international brands La Perla, Lancel, MCM, Bassam Fathouh, Metal CH, Attitude, Masarati, Wolford, Puma, Ferrari, Crislu, Zeadas, Paolo Gigli & steel craft in the category of fragrances, cosmetics, watches, fashion jewelry, eyewear, leather goods, textile, telecommunication, gift articles etc.
Duties:
• Maintain Optimal Stock Levels to ensure timely availability of products.
• Setting operational standards for all staff to follow.
• Managing excess and aging stock.
• Using electronic inventory tracking to scan stock and reconcile inventory.
• Minimizing exposure to obsolete and excess stock.
• Putting forward recommendation for operational policy, procedure and goals.
• Creating and maintaining spreadsheets to report and analyze data.
• Maintaining effective business relationships with suppliers.
• Issuing purchase orders to Suppliers.
• Presenting writing report and analysis to Senior Management.
• Coordinating the Transfer of goods from warehouse to showrooms and other Locations.
• Scheduling of stock count of all locations and showroom of the Group.
• Handling about 70, 000 SKU’s across the group
• Successfully controlled inventory variance to a minor level of the group.
• Verifying all the entries related to inventory (GRN, Sales and Return) in ERP system.
• Preparing the aging report and verifying the aging stock in the showroom and making a plan for liquidation or returns.
Established in Dubai, U.A.E in Feb 2009 the company deals in retail of Lancel, MCM (leather goods and accessories) and La Perla ( Lingerie ) having outlets at Dubai mall, Mall of the emirates & Abu Dhabi Mall.
Duties:
• Responsible for timely closing of monthly accounts & coordinating with the related department in the company.
• Record GL entries in terms of payroll, prepayments, amortization, advances, accrued expenses and accrued income
• Create yearly payment calendar, ensure payment execution up to date within the term of payments.
• Perform aging reports and follow up with customers and ensure their payment with in grace period.
• Prepare Bank statement reconciliations.
• Prepare monthly and annual financial statement and prepare the necessary balance sheet schedules.
• Prepare P & L variance reports on cost center (Store wise) on a monthly wise.
• Act as a focal point with the external auditor handling their requirement.
• Prepare monthly Cash Flow forecast to maintain sufficient net working capital and highlight any difficulties regarding the outflows.
• Finding out cause of variation between the set standards and actual performance of financial period.
• Developing ways of increasing profitability and minimizing costs.
• Managing payroll, stock control and credit control.
• Prepare Purchase plan (OTB) and aging report.
• Inspect periodically and randomly at different locations to ensure that inventory are well maintained at a given time.
Job Description as Senior Accountant
• Calculation of Tobacco and Chemicals Consumption
• Calculation of Consumption of Wrapping Material and Packing Material and their wastage
• Checking of all kinds of vouchers (BPV, BRV, CPV, CRV & JV's)
• Checking of Credit Customers summary Report
• Checking of A/C Receivables summary Report
• Checking of Month wise Sales summary
• Job Costing.
• Preparing Payroll and making salaries transfer through WPS.
• Checking of Month wise and yearly sales Comparative statement
• Preparation of Financial Statements on Monthly, Quarterly, Half Yearly and Annual basis
• Fixed Asset accounting, reconciliations and depreciation journals.
• Coordination with Internal and External auditors regarding the audit
• Clearance of all shipment from custom (import & export)
• Visa and immigration department dealing etc.
As Custom Clearance Officer
• Follows all relevant customs clearance Procedures so that work is carried out in a controlled and Consistent manner.
• Prepare and follow up custom duty documentation requirements.
• Prepare document and all required requirements for ministry of industry.
• Follow up with UAE custom department for refund of security & Duty deposit.
• Follow up with supplier for required documents.
• Manage all documents in relation to custom clearance.
• Coordinate with concerned department regarding shipment.
• Get declaration form, invoices and other documents and prepare an import file.
• Request the quotation from local and international forwarder.
• Communication with forwarder for shipment pickup.
• Follow up the documentation of shipment.
• Tracing the shipment to the final destination ( Factory or warehouse)
• Responsible for claim of shipment delays.
• Handling the exporting file.
• Prepare the landed cost computation.
• Responsible for any claim in delay in shipping.
• Submitting invoice to supplier & freight forwarder / Courier.
• Prepare shipment status updates & reports.
Job Description
• Preparing sales invoices & upkeep of an accurate accounts filing system.
• Preparation and input of month end journal vouchers.
• Inputting, matching, batching and coding of invoices.
• Debtor and Creditor reconciliations.
• Preparation of various reports for senior managers.
• Responsible for financial accounts including budgets and cash-flow.
• Supervising junior financial staff. Responsible for KPI analysis and evaluation of costs and margins.
• Conducting regular business reviews of financial performance.
• Proactively identifying business improvement opportunities.
• Fixed Asset accounting, reconciliations and depreciation journals.
• Ensuring that information is accurately collated & entered into systems.
• Preparation of bi-weekly invoice and expense claim payment runs.
• Assist in the preparation of monthly balance sheet account reconciliations.
• Inputting of supplier invoices and employee expense claims to the ledgers.
• Monthly Physical Stock Taking.
Job Description
• Worked in cash department like cash payment, receipt, utility bills collection, voucher payments etc.
• Worked in computer department that is to transfer all the daily transaction in the computer software.
• Worked in general banking like TT's, bank Draft, Mail transfer & Pay order preparation and posting in the records.
• On the job training in the MCB bank at accountant post etc
Job Description
• Receive payment by cash, check
• Issue receipts, refunds, credits, or change due to customers.
• Count money in cash drawers at the beginning of shifts to ensure that amounts are correct and that there is adequate change.
• Maintain clean and orderly checkout areas.
• Calculate total payments received during a time period, and reconcile this with total cash in hand.
• Compute and record totals of transactions
• Pay company bills by cash, vouchers, or checks.
• Processing Bank transaction like cash deposit in account, making payment through TT, MT and Pay order etc.
• Salaries Payment.
• Safety supervision & Leadership Course from OSHA Academy
• Registered Financial Specialist (RFS) Budgeting and forecasting from American Academy of Financial Management (AAFM) USA.