Inventory Controller📣 Job Ad

About the Role:
The Asset Inventory & Stock Controller at Al Masaood Energy is a vital position responsible for managing and maintaining accurate records of inventory levels within the organization. This role is essential for optimizing stock levels and minimizing wastage, ensuring operational efficiency. The selected candidate will collaborate with procurement, warehouse, and finance departments to uphold the integrity of inventory records and ensure accurate valuation for financial reporting.

Key Responsibilities:

• Maintain accurate records of inventory levels, tracking stock movements, and conducting regular audits.
• Implement efficient inventory control procedures to optimize stock levels and minimize wastage.
• Coordinate with procurement and warehouse teams for timely stock replenishment.
• Conduct regular stock takes, reconciling discrepancies between physical and recorded inventory.
• Analyze inventory data to identify trends and recommend improvements.
• Monitor and report on inventory performance metrics such as stock turnover and obsolescence.
• Implement measures to prevent stock loss, theft, or damage.
• Work with finance departments to ensure accurate inventory valuation for financial reporting.

Requirements:

• Bachelor’s degree in Supply Chain, Logistics, Business Administration, or related field.
• 35 years of experience in inventory control, asset management, or warehouse operations.
• Familiarity with ERP systems.
• Experience with TRS activities and equipment, with relevant experience in the field.

Skills & Competencies:

• Strong attention to detail and organizational skills.
• Proficient in Microsoft Excel and data analysis.
• Good communication and coordination skills.
• Able to conduct physical inspections and reconcile records.
• Knowledge of asset depreciation, stock valuation methods (FIFO, LIFO), and auditing practices.

Preferred Qualifications:

• Experience with fixed asset management tools or barcode/RFID systems.
• Certification in inventory or supply chain management (*, APICS, CILT, CIPS).
• Knowledge of ISO standards related to asset and inventory control.