LOSS CONTROL OFFICER

DUTIES AND RESPONSIBILITIES

Monitor, control, and safeguard all inventory including raw materials, work-in-progress, and finished goods to minimize losses, pilferage, damage, and wastage.
Conduct routine and ad hoc stock counts and ensure accurate reconciliation between physical stock and system records.
Identify, investigate, and report inventory discrepancies, losses, and operational variances, recommending corrective and preventive actions.
Enforce inventory handling procedures, storage standards, and access controls across warehouses, production areas, and yards.
Implement and maintain loss control systems, internal controls, and standard operating procedures (SOPs).
Collaborate with procurement, production, warehouse, logistics, and finance teams to strengthen supply chain controls and accountability.
Monitor adherence to company policies, regulatory requirements, and risk management frameworks.
Conduct risk assessments within supply chain and operational processes and propose mitigation measures to reduce exposure to losses.
Support internal and external audits by preparing inventory reports, documentation, and explanations for variances.
Prepare and submit timely and accurate loss control, inventory performance, and risk assessment reports to management.
Train and sensitize staff on loss prevention practices, inventory accuracy, and proper material handling procedures.
Monitor supplier deliveries, internal transfers, and dispatches to ensure accuracy in quantities, quality, and documentation.
Investigate incidents related to theft, damage, wastage, or fraud and escalate findings in line with established procedures.
Continuously review and improve loss control processes to enhance operational efficiency and cost reduction.