Manager, Inventory and Fixed Asset

Job Title: Manager, Inventory and Fixed Asset

Department: Finance

Location: Pandora Production Vietnam (VSIP3, Binh Duong Province)

Reports To: Director, Finance

About Company:

To meet the growing demand for our jewelry and enhance resilience to supply disruptions, Pandora is constructing a new facility in Binh Duong province from May 2024, expected to be opened in 2026. Pandora, the world’s largest jewelry brand by sold pieces, currently has 3 production facilities in Thailand with 13,000 staff. The US$160 million factory will cover an area of 7,5 hectares and will be powered by 100% renewable energy and using only recycled gold and silver supporting the Pandora Group’s target of net zero emissions by 2040. The establishment of Pandora’s sustainable jewelry manufactory in addition to the carbon-neutral exemplifies a new paradigm of environmentally conscious entrepreneurship in Vietnam and beyond.

Key objectives:

- Financial reporting: Maintaining accurate financial records and ensuring efficient processes across asset management, inventory control.

- Collaboration: closely with finance team members and other departments to streamline processes, enhance controls, and support company objectives.

- People: Improve and build technical and soft skill toward local talent

- Business Partner: Playing a role of Business partner to all functions

Fixed Asset management:

- Oversee the accounting and reporting of fixed assets, including acquisition, capitalization, depreciation, transferring and disposal of assets.

- Maintain and control Fixed Asset Register and all related reports for group and local aspects in accuracy and timeliness

- Ensure management report both for group and local team related to Fixed Asset are analysed with accurate explanation

- Conduct regular asset audits and reconciliations to ensure the accuracy of fixed asset records

- Develop and implement policies for asset management to optimize the lifecycle of assets and ensure compliance with applicable accounting standards

- Monitor CAPEX spending with approved budget and actual capitalized assets with targeted one

- Perform asset impairment valuation and reflect adjustment in GL following IFRS standards

- Drive change and process efficiency toward all related parties

Inventory management:

- Manage and monitor the accounting processes for inventory, including reconciliations, valuations, and adjustments.

- Oversea inventory costing method and ensure proper valuation

- Work closely with production and supply chain teams to maintain accurate inventory records and prevent discrepancies.

- Collaborate with Supply chain to report the Custom annual report.

- Develop and implement inventory accounting policies compliance with applicable accounting standards

- Conduct regular cycle counts and year-end physical stock counts and recorded quantities align

- Manage periodic adjustments, including write-offs, reserves for obsolescence or slow moving

- Review stock report and submit to group head office.

- Calculate hedging price and spot price to support purchase conversion cost calculation report and communicate to related parties

- Analyse inventory data to identify and address any potential issues impacting profitability or operational efficiency

- Provide monthly analysis on inventory ending balance to support Business Performance Reporting

- Review stock report and submit it to group head office.

Qualifications & Experience:

- Bachelor's degree or higher in Accounting.

- Over 5-6 years progressive accounting experience, including management of fixed assets, inventory

- Experience in manufacturing environment.

- Experience in multinational company

- Demonstrate ability to make decisions, making the right trade-offs

- Effectively plan and efficiently deliver work while handling with work complexity and people variety

- Proactive approach to identifying issues and developing effective solutions.

- Is self-motivated and hungry enough to learn and work hard

- Ability to lead, manage, motivate, and run own team of future leaders

- Strong written and verbal communication skills, with the ability to work cross-functionally and liaise with different teams

- Fluent English communication is a must.

Due to the high volume of applications, we will only be reaching out to candidates who are being actively considered.