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Senior Executive – Inventory & PPE Accounting and Control

Talent Vision Services
Bengaluru, Karnataka

Quick apply

Job details

Full-time
₹7,00,000 - ₹9,60,000 a year
2 days ago

Qualifications

B.Com
Finance
Master's degree
M.Com
Profit & loss
Bachelor's degree
Accounting
Chartered Accountant
Indian Accounting Standard
Accounting

Full job description

Key Responsibilities

1. End-to-End Inventory Ownership

Own the complete inventory lifecycle across procurement, production, and finished goods.

Purchase stage

Track purchase orders, material inward, GRN creation, quantity received, material acceptance, and pending receipts

Ensure purchase inward is correctly reflected in inventory records

Production stage

Maintain daily production reports, material consumption, production output, WIP movement, and finished goods transfer

Validate input vs output, consumption variance, production yield, and abnormal losses

Finished goods stage

Maintain finished-goods movement , transfer from production, sales dispatch, internal transfers, transfer into rental (CaaS), and closing stock

Ensure product-wise and location-wise stock accuracy

2. Daily Inventory Data Collection & MIS Control

Collect daily reports from cross-functional teams and consolidate inventory movement.

Purchase team: inward report, GRN report, vendor pending supply, material receipt status

Production team: production output, consumption report, FG transfer, rejection/scrap report

Dispatch/Sales team: sales dispatch, delivery details, customer-wise outward

Rental (CaaS) operations team: location-wise stock, products deployed on rental, returns, damaged stock, replacement details

Prepare a consolidated daily inventory movement report

3. Inventory Reconciliation

Reconcile system records against operational records , ERP (software) inventory, factory stock, warehouse stock, rental (CaaS) stock reports, physical counts, and the finance ledger

Prepare daily reconciliation, weekly review, and monthly closing reconciliation

Identify stock mismatches, wrong transfers, missing documents, unrecorded movement, and timing differences

Ensure closure of all variances

4. Rental (CaaS) Inventory & Fixed-Asset (PPE) Control

Track products as they move from finished-goods stock into rental deployment at customer sites, where they are accounted for as fixed assets (PPE) that the company still owns.

Maintain a location-wise register of rented-out inventory and a record of which customer/site holds which assets

Track deployment date, quantity issued, return quantity, and any damage or loss

Control the movement of inventory into rental, the capitalization of rented products as assets, asset movements, and retirement/write-off

5. Inventory Valuation & Costing

Perform monthly valuation of Raw Material, Packaging Material, WIP, Finished Goods, Consumables, and Rental inventory

Apply FIFO / Weighted Average costing, production cost calculation, consumption valuation, and closing stock valuation

Analyse material price variance, consumption variance, and cost movement

Prepare valuation workings for finance reporting

6. Month-End Closing Activities

Freeze inventory movement, collect location-wise closing reports, validate stock balances, complete reconciliation, and finalize valuation

Prepare the inventory closing statement, stock valuation report, and variance analysis

Support the finance team on balance sheet reporting, MIS reporting, and audit closure

7. Inventory Ageing & Working Capital Analysis

Prepare inventory ageing, slow-moving inventory, non-moving stock, and excess stock reports

Highlight blocked working capital, obsolete inventory, and excess purchase

Provide recommendations to optimise working capital

8. Audit & Compliance

Support internal audit, statutory audit, and inventory verification

Maintain stock registers, reconciliation workings, valuation files, transfer documents, and supporting reports

Ensure proper documentation at all times

9. Process Improvement & Internal Controls

Develop controls for material inward, material issue, consumption booking, stock transfer, rental (CaaS) deployment, returns, and write-offs

Identify inventory leakage, process gaps, and manual errors

Drive process improvements

10. Finance Reporting & MIS

Prepare monthly MIS covering inventory summary, location-wise and product-wise stock, inventory movement, consumption analysis, inventory turnover, and stock variance

Provide insights to the Finance Controller

11. Fixed-Asset (PPE) Accounting

Manage end-to-end fixed asset accounting , capitalization, classification, depreciation, transfer, and disposal , in line with the relevant accounting standards (AS 10 / Ind AS 16)

Maintain and update the Fixed Asset Register (FAR) with cost, location, useful life, depreciation, net book value, and asset status

Assign a unique tag/code to each asset and track it across factories, warehouses, rental sites, and customer locations

Perform periodic physical verification and reconcile the register against the accounting software, the books of accounts, and the actual assets

Track asset movement and transfers , including products converted from stock into rental assets, factory-to-site movement, returns, repairs, and disposal/write-offs

Prepare asset reports, depreciation workings, and schedules, and support month-end closing, audits, and compliance

Qualification & Experience

Education

Semi-Qualified Chartered Accountant (CA Inter / CA Final appeared), or Bachelor’s / Master’s degree in Commerce, Finance, or Accounting (B.Com / M.Com)

Additional qualification in Cost Accounting / Finance is an added advantage

Experience , 3–5 years relevant, including

Inventory accounting, PPE accounting, manufacturing finance, inventory reconciliation, costing & valuation, stock control, and finance MIS

Prior exposure to

Multiple manufacturing locations, warehouse inventory, finished goods movement, rental/asset-based inventory tracking, and month-end inventory closing

Quick apply

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