Inventory Control & Loss Prevention Manager at Ascentech Services Limited

Key Responsibilities
Loss Prevention & Shrinkage Control;

• Develop and implement loss prevention policies, SOPs, and control measures.
• Monitor and reduce inventory shrinkage, pilferage, damages, fraud, and operational losses.
• Conduct regular store inspections, surprise checks, and compliance audits.
• Investigate theft, fraud, stock manipulation, and suspicious activities.
• Monitor high-value, fast-moving, and sensitive inventory categories.

Stock Take & Inventory Management:

• Plan and execute periodic stock counts, cycle counts, and physical inventory( as per agreed frequency by Management).
• Lead and supervise stock take teams across stores and warehouses.
• Ensure accurate counting, tagging, reconciliation, and reporting of inventory.
• Analyze stock variances and identify root causes.
• Coordinate recounts and corrective actions where necessary.
• Ensure proper recording of damaged, expired, obsolete, and slow-moving stock.

Operational Controls & Compliance:

• Ensure compliance with Retail Operation procedures and company SOPs.
• Review receiving, transfer, return, dispatch, and adjustment processes.
• Review billing, discounting, and return processes.
• Monitor ERP inventory transactions and stock movement controls.
• Ensure proper documentation and authorization for stock adjustments.
• Support internal and external audit requirements.

Security & Surveillance Management:

• Monitor CCTV systems and store security controls.
• Coordinate with security agencies and store management.
• Ensure implementation of access control and stock protection measures.
• Maintain incident and investigation records.

Reporting & Analysis:

• Prepare daily, weekly, and monthly shrinkage and stock variance reports.
• Maintain KPI dashboards related to inventory accuracy and loss prevention.
• Present findings, trends, and corrective action recommendations to management.
• Track action closure for audit and investigation observations.

Team Management & Training:

• Supervise stock counters and loss prevention staff.
• Train store employees on inventory controls, SOPs, and fraud prevention awareness.
• Allocate duties and monitor team productivity during stock take exercises.

Qualification & Experience

• Bachelor’s degree in Accounting, Supply Chain, Business Administration, Logistics, or related field.
• 8–10 years of experience in retail inventory control, stock audit, loss prevention, or warehouse operations.
• Experience in large-format retail/store operations preferred.
• ERP system experience is mandatory.

Required Skills:

• Strong analytical and investigation skills
• Retail inventory and warehouse control knowledge
• Stock take management expertise
• Retail Operational SOP/Process & control knowledge
• ERP and inventory software proficiency
• CCTV and security systems understanding
• Leadership and team management capability
• High level of integrity and attention to detail