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ATG5124 - Inventory Controller

Company: Retail
Department: Supply Chain and Logistics
Location: Kuwait City Kuwait
Closing date: 30-Nov-2016
Bloomingdale's Kuwait:
Al Tayer Group is delighted to announce plans to open the first Bloomingdale’s store in Kuwait which is part of a strategic partnership with Macy's, Inc.
Bloomingdale’s Kuwait will fulfill the New York City store's promise of “like no other store in the world” with offerings such as leading luxury brand experiences, and seamless digital and social media integration.  This will enhance the in-store experience, deliver extraordinary personalized services with curated product selection to create an authentic welcome and delight experience for our customers.
Opening in February 2017, the three-level apparel, beauty and accessories store, spanning over 93,000 square feet will anchor the 360 Mall, Kuwait's luxury retail destination.
Interviewing for our exciting Bloomingdale’s Kuwait career opportunities will take place between March and August 2016. The Al Tayer Talent Acquisition team will be holding regular recruitment events in Kuwait where shortlisted applicants will be invited to attend and meet the team. Further information and updates on our events will follow on our website!
Job Specification:
We are looking for a well experienced Inventory Controller for our luxury Department Store Bloomingdale’s in Kuwait to manage & monitor the inventory and stock holdings ensuring system stock issues are minimized. The person's main responsibility is to monitor and control movement of stock, formulate policies and control procedures in order to maintain minimum discrepancies.
The inventory Controller will have to oversee the entire process of stock transfers inter warehouse, warehouse to store and inter store, ensure the movements are recorded and updated to reduce discrepancies. Provide regular update on pending orders, claims for the damaged/shortage of merchandise & replenishment process.
Monitor daily transactions; investigate discrepancies and confirm FOHD logs are raised. Also review the status of logs to ensure accurate resolution.
Investigate daily RESA reports and follow up with relevant parties for resolution of discrepancies, taking suitable actions. Investigate negative stock on hand and liaise with relevant managers to action problematic stock counts.
The Inventory Controller needs to verify stocks periodically to have a data base of all available stocks, reductions and or additions made, if any, to monitor the stock position in the warehouse. This includes reviewing, monitoring and reconciliation of SIN BIN, WMS and RMS stocks; of appointments, and reporting on quarantine issues.
Manage perpetual stock take calendar in conjunction with designated managers and stock take team, communicate the plan, and ensure compliance to the plan. Oversee the physical stock take process, review stock take results in conjunction with the management and reconcile the figures by auditing physical stock movements.
Prepare reports based on the findings and provide recommendations and suggestions to the GM. Implement stock loss action plans (formulated as a result of stock counts) in conjunction with Loss Prevention Team. Review stock loss posting to the GL and ensure correctness. Monitor and track account and publish cumulative results for business as per KPI‘s defined or SOA.
Review and monitor extent of damages in the stores and mitigate incidence in conjunction with managers. Ensure adequacy of financial provisions. Support queries by internal and external auditors on stock accounts, reports and ageing, and reconciliation of financial accounts to inventory reports. Separately report consignment stocks and control discrepancies.
Control assets and ensure that system inventory is updated at all time. Keep record of assets location; suggest strategy for clearing of unwanted or depreciated equipment. Ensure count as per SOA and initiate approvals for write off / destruction as required.
Review Audit report findings, stock inventory related matters and ensure all requirements have been auctioned, and provide recommendations about changes in processes if required.
5 years relevant experience, of which at least 2 years in the Gulf region.
Graduate, preferably in Commerce, with basic knowledge of accounting.
Additional Internal Information:
For our current Al Tayer employees who wish to apply for this opportunity, please take note of the following:
1. You must have completed 1 year's continuous service in your current role.
2. You must have discussed with your Line Manager regarding your interest to apply for the role, and have obtained written approval.
3. You must have no active warning or disciplinary on file.

To the extent permitted by applicable laws and regulations, Al Tayer Group LLC and its affiliated companies (“Al Tayer” or “we”) collect, use and disclose your personal information in accordance with the principles set out below.

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By submitting your CV or job application, you are acknowledging that any personal or other information you supply to us may be used by Al Tayer to assess, evaluate and check your candidacy, and to make copies, reproduce, organise, modify, and analyse for our own purposes or for the purposes of our affiliated companies, whether in original or derivative form. You further agree that we may share your information with our affiliated companies and our third party service providers. You expressly acknowledge that submitting your application does not mean that you will be contacted for an interview or that you will be made an offer of employment. We may consider you for other positions either with Al Tayer or our affiliated companies although we will seek your consent before advancing your CV any further. We reserve the right to discontinue the recruitment process at any stage. Similarly, you have the right to withdraw your active application at any stage of the recruitment process. We would like to assure your application will be treated with due diligence and thank you for considering employment with the Al Tayer Group.

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