Position Overview:

We are looking for a meticulous and detail-oriented Inventory Audit Associate to join our team. The primary responsibility of this role is to perform regular audits of inventory processes and ensure the accuracy of inventory records. This position plays a critical role in identifying discrepancies, improving stock accuracy, and supporting the implementation of internal controls related to inventory management.

Key Responsibilities include:

Inventory Audits: Conduct regular physical audits of inventory, including cycle counts and full inventory counts, and compare the results to system records. Reconciliation: Identify and reconcile any discrepancies between physical counts and inventory system records, investigating causes and ensuring resolution. Process Monitoring: Review inventory processes, from receiving and stocking to order fulfillment and shipping, ensuring compliance with company policies and standards. Documentation: Verify and review all inventory-related documentation, such as purchase orders, stock receipts, stock adjustments, and sales records, ensuring accuracy. Data Entry & Reporting: Accurately update the inventory management system based on audit findings and prepare detailed reports on audit results, discrepancies, and stock levels. Stock Control: Monitor stock movements and ensure that products are stored and recorded correctly, helping to minimize inventory variances and shrinkage. Compliance: Ensure compliance with internal controls, inventory management procedures, and regulatory requirements. Collaboration: Work closely with warehouse, procurement, and finance teams to identify process improvements and resolve any inventory issues. Cycle Count Program: Assist in maintaining a regular cycle count program, ensuring key items are counted frequently to maintain inventory accuracy. Inventory Adjustments: Recommend and oversee inventory adjustments when discrepancies are discovered, ensuring that corrections are properly documented and approved. Internal Reporting: Provide feedback to management regarding the accuracy and reliability of inventory records and suggest improvements for future audits.