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Inventory Control & Cycle Counting Executive Finance & Accounts

Enpro

Job Location:

Pune - India

Monthly Salary: Not provided by the employer

Posted: 23 May 2026 (30+ days ago)

Application Deadline: 20 August 2026

Vacancies: 1 Vacancy

The job posting is outdated and position may be filled

Job Summary

As an Executive you will build execute and continuously improve a perpetual (cycle) inventory counting program based on ABC classification to ensure >99% inventory accuracy minimal stock variances and audit-ready controls across plants and storage locations in SAP (S/4HANA/MM/EWM). The role drives risk-based counting frequencies root-cause analysis of discrepancies and cross-functional corrective actions with Stores Production Procurement Planning and Finance.

Key Responsibilities:

A. ABC Analysis & Policy Setup

Define and maintain ABC classification rules (consumption value criticality lead time shrinkage risk) and update cycle counting indicators in SAP material masters (e.g. MM02 Plant data/Stor. 2 Cycle counting indicator).
Determine and publish count frequencies (e.g. A monthly; B quarterly; C semiannual/annual) and align with Finance for control requirements.
Maintain the perpetual counting calendar per plant/storage location/bin; coordinate with Operations to avoid production disruptions.

B. SAP Process Execution (MM/IM/WM/EWM)

Create schedule and monitor physical/cycle count documents (e.g. MI01/MI31 MI04 MI07 MI20 MI21; and EWM cycle counting tasks).
Ensure count sheet issuance blind counts and timely posting of differences with correct reason codes and approvals.
Drive bin-level accuracy in WM/EWM (HU/bin corrections RTS stock type quant updates).
Manage block/unblock controls during counts to prevent movements and ensure data integrity.
Reconcile MB5B/MB52 variances with FI-GL and movement type analysis (e.g. 101/261/309/311 corrections).

C. Controls Compliance & Audit Readiness

Implement SoD-compliant processes: separation between counters posters and approvers; maintain count logs and evidence trails.
Draft and maintain SOPs WI and Control Matrices for internal/external audit; ensure adherence to cycle counting policy.
Conduct periodic self-assessments walkthroughs and support statutory/internal audits with endtoend documentation.

D. Analytics Root Cause & Continuous Improvement

Analyse variance trends by material/plant/storage type/vendor; perform Pareto and 5-Why / Fishbone analysis.
Drive corrective & preventive actions (CAPA): master data fixes (UoM rounding BOM accuracy) process changes (backflushing staging returns) training.
Track supplier and internal quality impacts on inventory accuracy; collaborate with QA for NC/CAPA closures.
Publish dashboards and MIS: accuracy % count completion vs plan writeoff/writeback values and lead time to closure.

E. CrossFunctional Collaboration

Work with Production/Planning on count windows with Procurement on supplier discrepancies with Logistics/Stores on bin discipline and with Finance on valuation impacts.
Train storekeepers and shop-floor teams on counting standards (blind count recounts tolerances) and SAP transactions.

Required Skills & Competencies:

SAP S/4HANA (MM/IM; exposure to WM or EWM preferred): material master physical inventory cycle counting bins/HUs movement types document flow.
Strong data analysis: Excel/Power Query/Power BI; variance analytics trend & Pareto reconciliation.
Internal controls mindset: SoD audit trails evidence approvals and documentation rigour.
Manufacturing domain knowledge: BOMs backflushing subcontracting consignment returns rework/scrap.
Excellent communication stakeholder management and training skills.
Problemsolving (5-Why Ishikawa) lean/continuous improvement orientation.
High ownership & integrity detail orientation calm under time pressure bias for data and evidence collaborative yet assertive.

Qualifications & Experience:

Bachelors degree in commerce; MBA/PGDM (Ops/Supply Chain) is an advantage.
46 years of hands-on experience in inventory control/cycle counting in a manufacturing setup.
Demonstrated experience running perpetual inventory and ABC-based cycle counting in SAP.
Exposure to using digital tools like mobile-based applications for taking inventory count would be an added advantage.

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