About Derewala Industries Ltd.:

Derewala is a name synonymous with innovation, sustainability, and quality in the world of jewelry manufacturing. With cutting-edge technology and a global clientele, we are committed to creating timeless pieces while maintaining eco-friendly practices. Since our humble beginnings in 1987, we have adhered to the highest standards of quality and on-time delivery.

Headquartered in Jaipur, India's jewellery hub, Derewala has expanded its global footprint, serving esteemed clients in over 30 countries across 6 continents.

Location

- Sitapura, Jaipur

Working Days

- 6

About the Role: We are looking for an experienced Inventory Controller to manage inventory control, reconciliation, valuation and metal accountability across our manufacturing units.

The role will have a strong focus on gold and silver inventory , physical verification, inventory reconciliation, loss/wastage control, valuation and audit readiness.

Key Responsibilities:

- Manage inventory controls and processes across multiple manufacturing units.
- Ensure complete accountability of gold, silver and other inventory from receipt to production, transfer, finished goods and scrap.
- Conduct and supervise physical inventory verification and reconcile physical stock with ERP/book records.
- Investigate and resolve stock shortages, excesses and unexplained inventory/metal variances.
- Monitor metal loss, wastage and recovery against approved process norms.
- Prepare monthly inventory reconciliation, metal loss/wastage MIS and inventory reports.
- Ensure accurate inventory valuation in accordance with applicable Ind AS 2 requirements.
- Monitor WIP,



finished goods, consumables, scrap and slow/non-moving inventory.
- Strengthen ERP and inventory controls, including transfers, adjustments, material codes, UOM and negative/backdated entries.
- Coordinate with Finance, Production, Stores, Procurement, Operations, Quality, IT/ERP and Unit Heads.
- Coordinate with internal, statutory, stock and tax auditors and ensure timely closure of inventory-related observations.
- Identify control gaps and drive corrective actions and process improvements.

Required Experience & Qualifications:

- 8–12 years of relevant experience in Inventory Control, Inventory Accounting, Costing, Audit or Finance.
- Strong experience in manufacturing is preferred.
- Experience in jewellery, precious metals, metal processing or export-oriented manufacturing will be highly preferred.
- Hands-on experience in:
- Physical inventory verification
- Inventory reconciliation
- Inventory valuation and costing
- Gold/silver or precious-metal accounting
- Loss/wastage analysis
- ERP inventory controls
- Audit coordination
- Strong knowledge of Ind AS 2, manufacturing accounting and process costing .
- Advanced MS Excel and solid MIS/reporting skills.
- Experience in a ₹500 Cr+ organisation will be an added advantage.

Ideal Candidate: The ideal candidate will have strong inventory control and finance/accounting expertise , excellent analytical and investigative skills, high integrity and the ability to identify and resolve inventory discrepancies in a high-value manufacturing environment.

Precious-metal inventory experience will be a significant advantage.

📌 Cost Controller (Jaipur)
🏢 Derewala Industries
📍 Jaipur