Chief Inventory Control Manager

1 week ago

Singapore MERCANTILE PACIFIC ASIA PTE. LTD. Full time
Job Description:

MERCANTILE PACIFIC ASIA PTE. LTD. is seeking a highly skilled Chief Inventory Control Manager to oversee all aspects of accounts payable, focusing specifically on inventory and stock-related expenses.

This role is essential for ensuring accurate processing and recording of inventory-related payments, vendor reconciliation, and alignment of stock purchases with company financial policies.

The successful candidate will collaborate with the purchasing and inventory departments to optimize inventory costs and payment cycles.

Key Responsibilities:
  • Oversight of the AP process for all stock-related purchases, ensuring timely and accurate payments to suppliers.
  • Verification, processing, and recording of all stock invoices, ensuring alignment with purchase orders and inventory receipts.
  • Reconciliation of monthly AP ledger balances for inventory items and coordination with vendors to resolve discrepancies.
  • Collaboration with the inventory management team to match purchase orders with stock received and ensure that inventory values are accurately reflected in financial records.
  • Performance of monthly and quarterly inventory reconciliations, addressing any variances to ensure stock integrity.
  • Establishment and maintenance of strong relationships with suppliers to ensure favorable payment terms, early payment discounts, and reliable delivery schedules.
  • Handling of vendor inquiries, disputes, and discrepancies related to stock transactions in a timely and professional manner.
  • Preparation of reports on AP metrics related to stock, including outstanding balances, payment aging, and cash flow impacts.
  • Analysis of stock-related expenses, identifying areas for cost reduction and efficiency improvements in inventory management and procurement.
  • Identification of opportunities to streamline and automate the AP process for stock, reducing errors and improving processing speed.
  • Implementation of best practices for AP and stock management, ensuring compliance with company policies and financial regulations.
  • Support of internal and external audits by providing necessary documentation and reconciliation reports related to stock and accounts payable.
Qualifications and Requirements:
  • Bachelor's degree in Accounting, Finance or a related field.
  • Minimum 8 years of relevant experience in accounts payable or financial management, with a focus on inventory or stock-related AP processes.
  • Proven experience in managing vendor relationships and working with cross-functional teams, including procurement and inventory.
  • Proficiency in accounting software and inventory management systems.
  • Advanced Excel skills for data analysis and reporting.
  • Strong analytical and problem-solving skills, with the ability to analyze data and identify areas for improvement.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and communicate with all levels of the organization.
  • Ability to work in a fast-paced environment, and adapt to changing priorities and deadlines.
  • Ability to lead and manage a small team

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