Senior Accountant - Jewelry Inventory

About the job

Role Summary The Senior Accountant – jewelry Inventory is responsible for end-to-end management of high-value jewelry inventory, including gold, diamonds, and color stones, while ensuring accurate accounting, compliance, and audit readiness. The role involves stock tracking, job work monitoring, production accounting, closing stock verification, and MIS reporting. This position acts as the key link between stores, production, job workers, and auditors, maintaining internal controls, loss prevention, and statutory compliance. The ideal candidate has strong accounting expertise, jewelry inventory knowledge, ERP proficiency, and analytical skills, ensuring the company’s assets are accurately recorded, valued, and safeguarded. Key Responsibilities 1. Analytics Skill and Numerical Skill • Helping organizations by applying mathematical theories and techniques to solve practical problems. • Collecting data, analyzing the data and presenting the findings with the aim of solving practical problems in business 2. Critical thinking & Accountability • Skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication. • To perform the duties required by their job, and to be present for their proper shifts in order to fulfill or further the goals of the organization. 3. Data Review & Technology-driven • Developing and maintaining databases, and data systems – reorganizing data in a readable format. • Using the state-of-the-art technologies to drive the process 4. Strong attention to detail • To accomplish/complete a task while demonstrating a thorough concern for all the areas involved. • Monitoring and checking work or information, while organizing time and resources efficiently. 5. Teamwork & Collaboration. • The ability to work together, communicate effectively, anticipate and meet each other’s demands, and inspire confidence, resulting in coordinated collective action. • The process of two or more people, entities, or organizations working together to complete a task or achieve a goal. Qualification & Experience  B.Com / M.Com; CA / CMA / CA-Inter preferred  5–10+ years accounting experience, with strong exposure to the jewelry industry  Sound knowledge of GST, Income Tax & accounting standards Jewelry Inventory Management • Handling inventory of gold, Platinum, Silver, diamonds & color stones • Gold stock control in grams & purity-wise • Diamond stock control carat-wise, quality-wise (cut, color, clarity) • Color stone inventory carat-wise, quality-wise • Inventory valuation Job Work Tracking • Issuing gold, diamonds & stones to job workers with proper challans • Tracking job work receipts, wastage & process loss • Job worker-wise reconciliation • Accounting of making charges, & repairing costs • Monitoring outstanding job work balances & ageing Production & WIP Accounting • Production entries for material issued & finished goods received • Maintaining Work-in-Progress (WIP) records • Accounting for melting, refining & recovery • Allocation of production overheads & making charges • Inward–Outward yield analysis & variance reporting Closing Stock Taking • Daily / Monthly / quarterly / annual physical stock verification • Closing stock calculation for gold, diamonds, color stones & finished jewelry • Reconciliation of physical stock vs ERP records • Identification of shortages, excess & wastage • Preparation of closing stock statements for final accounts Audit, Compliance & Controls • Handling statutory, tax, GST & internal audits • Preparation of inventory & job work audit schedules • Explaining stock valuation & variances to auditors • Implementing internal controls & loss prevention systems • Ensuring compliance with GST, IT & documentation requirements Systems, Reporting & MIS • Expertise in Tally / jewelry ERP systems • Strong Excel skills for reconciliation & MIS • Management reports on stock, job work, production & cost analysis • Coordination with Inventory team, production, auditors & management.

Requirements

• Inventory Management
• Accounting
• Compliance
• ERP Proficiency
• Data Analysis

Qualifications

• B.Com / M.Com
• CA / CMA / CA-Inter preferred

Preferred Technologies

• Inventory Management
• Accounting
• Compliance
• ERP Proficiency
• Data Analysis