Inventory Controller - Finance - East Owainat Plant

The Inventory Controller is responsible for monitoring and maintaining accurate inventory records for the company's products and materials, which is critical in an FMCG environment with high stock turnover. The purpose of this role is to ensure that physical stock counts align with system records, to investigate discrepancies, and to implement controls to minimize inventory variances and losses. By managing inventory accuracy and optimizing stock levels, the Inventory Controller helps support smooth production and order fulfillment while minimizing working capital tied up in stock.RESPONSIBILITIESTrack and record all inventory movements in the ERP or warehouse management system, including receipts from production, inter-warehouse transfers, and dispatches to customers.Ensure real-time accuracy of stock data by promptly entering or verifying transactions (e.g., production output transferred to finished goods warehouse, sales orders shipped and deducted from inventory).Review daily inventory transactions for accuracy and completeness, flagging any irregularities.Coordinate and conduct regular cycle counts and periodic full physical inventory counts in warehouses and production storage areas.Plan cycle counting schedules based on risk assessment (e.g., high-value or fast moving items counted more frequently).Lead counting teams or utilize technology (RF scanners) to count and reconcile stock efficiently.Ensure all count results are accurately recorded and investigated.Investigate and reconcile inventory discrepancies when they arise, analyzing differences between physical counts and system records.Examine transaction histories, delivery records, and potential error points in processes to identify root causes (posting errors, shrinkage, misplacement, theft).Work with warehouse staff and production managers to implement corrective actions and prevent recurrence.Prepare variance reports with clear explanations and recommendations.Implement and refine inventory control procedures to maintain accuracy and minimize losses.Enforce FIFO (First-In, First-Out) or FEFO (First-Expire, First-Out) for perishable goods, ensuring proper batch/lot tracking for traceability.Ensure all inventory transactions are performed correctly by users with no bypassing of the system.Provide training and refreshers to warehouse and production staff on inventory protocols and best practicesAnalyze inventory data to produce regular inventory KPI reports, including: Inventory accuracy percentage, Shrinkage values (loss due to damage, theft, expiry), Inventory turnover ratio, Slow-moving and obsolete stock listsPresent findings to management with recommendations (e.g., write-off of unsellable stock, tightening controls in high-variance areas).Monitor inventory levels against targets (safety stock, days of cover) and alert planning/procurement teams to overstock or understock risks.Work closely with internal and external auditors during stock audits.Provide necessary inventory records, reconciliations, and explanations of inventory processes.Address audit observations by developing action plans to strengthen control weaknesses.Ensure all inventory documentation is complete, organized, and audit-ready at all times. REQUIREMENTSBachelor's degree in Supply Chain Management, Finance/Accounting, Business Administration, or a related field.3+ years of experience in inventory control, warehouse auditing, or related supply chain roles.Experience in FMCG, food manufacturing, or high-volume distribution industries is strongly preferred.Familiarity with perishable goods and cold chain inventory is an advantage.Strong understanding of inventory management principles and best practices.Familiarity with warehouse operations and documentation (receiving reports, pick tickets, bills of lading).Experience using ERP or Warehouse Management Systems (WMS) to track inventory; Oracle experience is preferred.Proficiency in Excel for data analysis, reconciliation, and reporting.Excellent analytical and problem-solving skills to investigate variances and identify process issues.High attention to detail and disciplined approach to follow-up.Good communication skills to work with cross-functional teams (warehouse, production, procurement).Integrity and strong sense of accountability as a key line of defense against fraud or negligence.