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Job Description
About Us
As a leader in luxury retail in the Middle East, Al Tayer Group’s retail division, Al Tayer Insignia, hosts a portfolio of some of the world’s best luxury brands in the fashion, jewellery, home and department store categories. Complementing its position in luxury retail, Al Tayer Insignia has also built new frontiers in lifestyle retail, representing leading brands in the Beauty, Home, Fashion and Hospitality sectors. Our brands include Bloomingdales, Harvey Nichols and Armani to name just a few!
About The Role
You will manage & monitor the inventory and ensuring system stock issues are minimized across the stores in the region. You will support Inventory Manager in achieving accurate reporting and minimizing stock loss.
What You’ll Be Doing
Functional Roles and Responsibilities
- Oversee the entire system process of stock transfers inter warehouse, warehouse to store and inter store, ensure the movements are recorded and updated to reduce discrepancies.
- Monitor transactions daily, investigating discrepancies and confirming FOHD logs are raised .
- Investigate daily RESA reports and follow up with relevant parties for resolution of discrepancies, taking suitable actions. Investigate negative stock on hand and liaise with relevant managers to action problematic stock counts.
- Release periodic reports on damaged inventories, negative SOH, open orders etc.
- Verify stocks periodically to have a data base of all available stocks, depletions and / or additions made, if any, to monitor the stock position in the warehouse. This includes reviewing, monitoring and reconciliation of SIN BIN, WMS and RMS stocks of appointments, and reporting on quarantine issues.
Manage perpetual stock take calendar in conjunction with designated managers and stock take team, communicate the plan, and ensure compliance to the plan. Oversee the physical stock take process, review stock take results in conjunction with the management and reconcile the figures by auditing physical stock movements. Prepare reports based on the findings and provide recommendations and suggestions to the GM. Implement stock loss action plans (formulated as a result of stock counts) in conjunction with Loss Prevention Team. Review stock loss posting to the GL and ensure correctness. Monitor and track account and publish cumulative results for business as per KPI’s defined or SOA.
Control assets and ensure that system inventory is updated at all time. Keep record of assets location suggest strategy for cleaning of unwanted or depreciated equipment. Ensure count as per SOA and initiate approvals for write off/ destruction as required.
- Review audit report findings, stock inventory related matters and ensure all requirements have been auctioned and provide recommendations about changes in processes if required.
- Support Inventory Manager in Projects and special assignment in the Inventory Control portfolio.
About You
You have the ability to priorities and organize own work in order to make the most efficient use of time available. You are driven to exceed goals and possess a desire to improve ways of working.
Required skills to be successful:
- Minimum 3 years relevant experience in stock check and Inventory control in retail or similar industry
- Degree in Finance or Professional certified (CMA, CPA, etc.) with basic knowledge of accounting.
- Good Communication and interpersonal skills
- Flexibility working night shifts during audits in the stores.
- Computer literate using MS Office like Excel and Power Point to prepare reports
- Genuine interest and knowledge in retail fashion and luxury.
What equips you for the role:
- Ideally finance qualification.
- Commercial Mindset
- Comfortable with ambiguity and difficult timeliness
- Sound communication skills and ability to work with different level of stakeholders
- Ability to maintain system custodian of Inventory and accuracy.
- Strong Database Analysis
- Monitor and control discrepancy, reduce shrinkage in stores or warehouse.
- Confident self-starter with delivery focus and strong work ethic.
Additional Information
