Cost Analyst📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
REEF GROUP is seeking a detail-oriented and analytical Cost Analyst to join our team in Riyadh, Saudi Arabia. This full-time position is crucial for managing and optimizing inventory operations across our warehouses, retail branches, and e-commerce channels within the perfume retail sector. The Cost Analyst will play a vital role in ensuring inventory accuracy, availability, and efficiency by meticulously monitoring stock movements, analyzing data, and supporting strategic decision-making through advanced reporting. This role is integral to maintaining the financial integrity of our inventory and contributing to the overall operational excellence of REEF GROUP, providing actionable insights that drive improvements in stock management and profitability.
Key Responsibilities
- Monitor daily stock balances across all warehouses and retail branches to ensure accuracy and identify potential discrepancies.
- Ensure the precise recording of all stock movements, including receiving, inter-branch transfers, returns, and damaged goods.
- Maintain optimal stock levels across all locations to prevent stockouts and minimize overstock situations, thereby enhancing sales opportunities and reducing carrying costs.
- Track the performance of slow-moving and fast-moving perfume items, providing detailed analysis and actionable insights to the management team.
- Oversee warehouse and receiving operations, ensuring proper barcode labeling and SKU identification for all products.
- Monitor storage conditions and the handling of fragile perfume items to prevent damage and maintain product integrity.
- Ensure that any damaged or leaking items are accurately recorded, properly isolated, and managed according to company procedures.
- Coordinate stock transfers between retail branches to ensure balanced availability and meet customer demand effectively.
- Verify that all stock movements and transactions across branches are correctly recorded in the inventory management system.
- Conduct regular cycle counts and actively participate in annual stock counts to maintain inventory accuracy.
- Investigate stock variances, identify the root causes of discrepancies, and implement corrective actions.
- Implement shrinkage prevention measures in both warehouses and retail stores to minimize losses.
- Ensure testers and promotional items are properly controlled, recorded, and managed to prevent unauthorized use or loss.
- Monitor stock allocation for e-commerce orders and fulfillment centers to ensure timely and accurate order processing.
- Ensure synchronization between system stock levels and physical inventory across all channels, including online platforms.
- Prevent overselling by maintaining accurate and up-to-date stock data, especially for online sales.
Qualifications and Requirements
- Bachelor's degree in Accounting, Finance, Data Analytics, Business Administration, or a closely related field.
- A minimum of 5 years of experience in retail inventory control or warehouse operations.
- Experience within the perfumes, cosmetics, FMCG, or luxury retail sectors is highly preferred.
- Proven experience using ERP systems, such as ERP 365 or similar retail inventory management systems.
- A strong understanding of warehouse operations, including receiving, storage, and dispatch processes.
- Demonstrated experience in replenishment planning to ensure adequate stock levels.
Required Skills
- Advanced proficiency in Microsoft Excel for data analysis, reporting, and financial modeling.
- Expertise in Power BI for creating insightful inventory analysis dashboards and reports.
- Strong analytical and problem-solving skills with the ability to interpret complex data sets.
- Excellent organizational skills with meticulous attention to detail.
- Proficiency in utilizing ERP systems for inventory management and financial tracking.
- Solid understanding of warehouse operations and replenishment planning principles.
Work Environment and Details
This is a full-time position based in Riyadh, Saudi Arabia. The role requires 5-10 years of relevant experience. REEF GROUP is the employer for this Cost Analyst position.
Requirements
- Requires 5-10 Years experience
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