Inventory Controller (Finance)

Derewala Industries Limited; Jaipur; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

Derewala Industries Limited in Sitapura, Jaipur seeks an experienced Inventory Controller to manage gold, silver and other material inventory across manufacturing units. You will lead physical verification, reconciliation and valuation in line with Ind AS 2 and audit readiness.

Responsibilities include strengthening ERP controls, MIS reporting, and coordinating with Finance, Production, Stores, Procurement and QA to ensure accurate stock records and loss prevention in a high-value environment.

Qualifications

• 8–12 years of experience in inventory control, accounting, costing or finance.
• Strong manufacturing experience is mandatory.
• Experience in jewellery or precious metals manufacturing preferred.
• Hands-on experience in physical inventory verification, valuation and costing.
• Advanced MS Excel and MIS/reporting skills are required.

Responsibilities

• Manage inventory controls and processes across multiple manufacturing units.
• Ensure accountability of gold, silver and other inventory from receipt to production, transfer, finished goods and scrap.
• Conduct physical inventory verification and reconcile with ERP records.
• Investigate and resolve stock shortages, excesses and unexplained variances.
• Monitor metal loss, wastage and recovery against process norms.
• Prepare monthly inventory reconciliation, metal loss/wastage MIS and inventory reports.
• Coordinate with Finance, Production, Stores, Procurement, Operations, Quality, IT/ERP and Unit Heads.
• Coordinate with internal, statutory, stock and tax auditors and ensure timely closure of observations.

Skills

Inventory control

Inventory accounting

Costing

Audit

Manufacturing experience

Jewellery/precious metals

MS Excel

MIS reporting

ERP controls

Audit coordination

Ind AS 2 knowledge

Tools

ERP systems

Job description

Location

Sitapura, Jaipur

Working Days

6

About the Role

We are looking for an experienced Inventory Controller to manage inventory control, reconciliation, valuation and metal accountability across our manufacturing units.

The role will have a strong focus on gold and silver inventory, physical verification, inventory reconciliation, loss/wastage control, valuation and audit readiness.

Key Responsibilities

• Manage inventory controls and processes across multiple manufacturing units.
• Ensure complete accountability of gold, silver and other inventory from receipt to production, transfer, finished goods and scrap.
• Conduct and supervise physical inventory verification and reconcile physical stock with ERP/book records.
• Investigate and resolve stock shortages, excesses and unexplained inventory/metal variances.
• Monitor metal loss, wastage and recovery against approved process norms.
• Prepare monthly inventory reconciliation, metal loss/wastage MIS and inventory reports.
• Ensure accurate inventory valuation in accordance with applicable Ind AS 2 requirements.
• Monitor WIP, finished goods, consumables, scrap and slow/non-moving inventory.
• Strengthen ERP and inventory controls, including transfers, adjustments, material codes, UOM and negative/backdated entries.
• Coordinate with Finance, Production, Stores, Procurement, Operations, Quality, IT/ERP and Unit Heads.
• Coordinate with internal, statutory, stock and tax auditors and ensure timely closure of inventory-related observations.
• Identify control gaps and drive corrective actions and process improvements.

Required Experience & Qualifications:

• 8–12 years of relevant experience in Inventory Control, Inventory Accounting, Costing, Audit or Finance.
• Strong experience in manufacturing is mandatory.
• Experience in jewellery, precious metals, metal processing or export-oriented manufacturing will be highly preferred.
• Hands-on experience in:
• Physical inventory verification
• Inventory valuation and costing
• Gold/silver or precious-metal accounting
• Loss/wastage analysis
• ERP inventory controls
• Audit coordination
• Strong knowledge of Ind AS 2, manufacturing accounting and process costing.
• Advanced MS Excel and strong MIS/reporting skills.
• Experience in a ₹500 Cr+ organisation will be an added advantage.

Ideal Candidate

The ideal candidate will have strong inventory control and finance/accounting expertise, excellent analytical and investigative skills, high integrity and the ability to identify and resolve inventory discrepancies in a high-value manufacturing environment.

Precious-metal inventory experience will be a significant advantage.