Ascentech Services Ltd acts as a gateway to provide a wide range of recruitment and selection services to companies. We are a dedicated team of professional consultants offering top-of-the-line executive recruitment and selection services. We cater for the needs of a range of professionals seeking employment and work together to create effective solutions using our networks and strong client base.Key Responsibilities
Loss Prevention & Shrinkage Control;
Develop and implement loss prevention policies, SOPs, and control measures.
Monitor and reduce inventory shrinkage, pilferage, damages, fraud, and operational losses.
Conduct regular store inspections, surprise checks, and compliance audits.
Investigate theft, fraud, stock manipulation, and suspicious activities.
Monitor high-value, fast-moving, and sensitive inventory categories.
Stock Take & Inventory Management:
Plan and execute periodic stock counts, cycle counts, and physical inventory( as per agreed frequency by Management).
Lead and supervise stock take teams across stores and warehouses.
Ensure accurate counting, tagging, reconciliation, and reporting of inventory.
Analyze stock variances and identify root causes.
Coordinate recounts and corrective actions where necessary.
Ensure proper recording of damaged, expired, obsolete, and slow-moving stock.
Operational Controls & Compliance:
Ensure compliance with Retail Operation procedures and company SOPs.
Review receiving, transfer, return, dispatch, and adjustment processes.
Review billing, discounting, and return processes.
Monitor ERP inventory transactions and stock movement controls.
Ensure proper documentation and authorization for stock adjustments.
Support internal and external audit requirements.
Security & Surveillance Management:
Monitor CCTV systems and store security controls.
Coordinate with security agencies and store management.
Ensure implementation of access control and stock protection measures.
Maintain incident and investigation records.
Reporting & Analysis:
Prepare daily, weekly, and monthly shrinkage and stock variance reports.
Maintain KPI dashboards related to inventory accuracy and loss prevention.
Present findings, trends, and corrective action recommendations to management.
Track action closure for audit and investigation observations.
Team Management & Training:
Supervise stock counters and loss prevention staff.
Train store employees on inventory controls, SOPs, and fraud prevention awareness.
Allocate duties and monitor team productivity during stock take exercises.
Qualification & Experience
Bachelor’s degree in Accounting, Supply Chain, Business Administration, Logistics, or related field.
8–10 years of experience in retail inventory control, stock audit, loss prevention, or warehouse operations.
Experience in large-format retail/store operations preferred.
ERP system experience is mandatory.
Required Skills:
Strong analytical and investigation skills
Retail inventory and warehouse control knowledge
Stock take management expertise
Retail Operational SOP/Process & control knowledge
ERP and inventory software proficiency
CCTV and security systems understanding
Leadership and team management capability
High level of integrity and attention to detail