Jewelry Television - Senior Director of Inventory Management and Analysis
International Executive Service Corps, Dallas, Texas, United States, 75215
Overview
Jewelry Television® (JTV) is one of the leading retailers of jewelry and gemstones in the United States. Privately-held with a proven 33-year history, JTV leverages an omni-digital strategy designed to elevate the customer experience through holistic, digitally-driven touch points, including broadcasting live programming 24-hours a day, seven days a week to 86 million U.S. households, an industry leading mobile optimized e-commerce platform, and a robust social media presence. As part of its commitment to the development and distribution of educational content and consumer satisfaction the company employs numerous Graduate Gemologists and Accredited Jewelry Professionals. The company’s website, JTV.com, is one of the largest jewelry e-commerce websites in the country according to Internet Retailer’s Top 500 list for 2015. Jewelry Television® (JTV) is an Equal Opportunity Employer (EOE) that provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Jewelry Television® (JTV) is an E-Verify employer and participates in the E-Verify program. Jewelry Television® (JTV) participates in the Tennessee Drug-Free Workplace Program. Responsibilities
Strategic Analysis & Leadership: Define the overarching owned inventory levels for improved inventory health, including receipt flow, aging and clearance strategies for underperforming items. Executive Reporting: Prepare and present concise, high-impact inventory health reports and forecasts to the Executive Team, highlighting financial risk, opportunity, and the rationale behind strategic inventory decisions. Cross-Channel Optimization: Work with Showing Planning and Web Managers to ensure inventory layers are actively being addressed, ensuring inventory turns issues and opportunities are communicated. Cross-Functional Partnership & Collaboration: Merchandising Buyers: Create overall Sales, Gross Margin and Open to Buys plans for each category of business based on Hours from the Buyers and Programming. Work directly with Merchandising Buyers on the open-to-buy (OTB), analyze category performance, and establish appropriate receipt flows to support the hours without creating aged inventory layers. Broadcast Show Responsibilities: Oversee translation of category of business plans into Show Goals to provide direction on required financial performance by Show. Partner with the Broadcast Execution Teams to discuss inventory needs for live television programs, ensuring inventory is aligned with Broadcast schedule. Partner with Show Planning to assist in managing low generator items in order to sell thru on the Website. Accounting and Finance Teams: Collaborate closely with Accounting and Finance Teams on inventory valuation, reserve calculations, shrinkage analysis, and budgeting. This includes modeling the financial impact of various inventory investments and liquidation scenarios. Research and Modeling: Inventory Forecasting: Create and maintain a high-level Sales, Gross Margin, Inventory and Receipt model for the Fiscal Year, separated by Owned and Consigned segments. Profitability Analysis: Review profitability and turn by brand, category, and/or vendor, as needed to support buying and programming decisions. Process Improvement: Identify and champion opportunities to improve reporting and analytical tools related to inventory management and exception reporting with actionable callouts. Open-to-Buy (OTB): Lead the OTB planning process, providing analytical support to create receipt plans 3-4 months out. Manage preowned inventory levels. Financial Reconciliation: Meet with Finance, Accounting and Operations partners as needed to review inventory aging reports, assess markdown reserves, and discuss other liquidation opportunities.
Qualifications
Experience:
10+ years of progressive experience in Merchandising, Inventory Planning, and/or Business Analysis, with at least 5 years in a leadership/Director-level role focused on inventory and financial management. Industry Focus:
Proven experience working in a Retail environment that includes E-commerce and/or Broadcast/Live Selling. Experience with jewelry, gemstones, or luxury goods is preferred but not required. Financial Acumen:
Deep understanding of retail math, inventory valuation methodologies, OTB management, and the financial statements (P&L and Balance Sheet) as they relate to inventory. Technical Skills:
Advanced proficiency in data analysis and visualization tools (e.g., SQL, Tableau, Power BI) and experience working with large-scale inventory management systems. Proficiency in excel is a requirement. Communication:
Exceptional written and verbal communication skills, with the ability to articulate complex analytical findings to C-suite and executive audiences. Benefits
Outstanding employee benefit program with medical, dental and vision coverage available 401(k) Matching Exceptional employee discount on JTV product 24-hour private Fitness Center for all JTV employees and their immediate family Our employee park features a Walking Trail, Frisbee Golf, Volleyball and MORE
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Jewelry Television® (JTV) is one of the leading retailers of jewelry and gemstones in the United States. Privately-held with a proven 33-year history, JTV leverages an omni-digital strategy designed to elevate the customer experience through holistic, digitally-driven touch points, including broadcasting live programming 24-hours a day, seven days a week to 86 million U.S. households, an industry leading mobile optimized e-commerce platform, and a robust social media presence. As part of its commitment to the development and distribution of educational content and consumer satisfaction the company employs numerous Graduate Gemologists and Accredited Jewelry Professionals. The company’s website, JTV.com, is one of the largest jewelry e-commerce websites in the country according to Internet Retailer’s Top 500 list for 2015. Jewelry Television® (JTV) is an Equal Opportunity Employer (EOE) that provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Jewelry Television® (JTV) is an E-Verify employer and participates in the E-Verify program. Jewelry Television® (JTV) participates in the Tennessee Drug-Free Workplace Program. Responsibilities
Strategic Analysis & Leadership: Define the overarching owned inventory levels for improved inventory health, including receipt flow, aging and clearance strategies for underperforming items. Executive Reporting: Prepare and present concise, high-impact inventory health reports and forecasts to the Executive Team, highlighting financial risk, opportunity, and the rationale behind strategic inventory decisions. Cross-Channel Optimization: Work with Showing Planning and Web Managers to ensure inventory layers are actively being addressed, ensuring inventory turns issues and opportunities are communicated. Cross-Functional Partnership & Collaboration: Merchandising Buyers: Create overall Sales, Gross Margin and Open to Buys plans for each category of business based on Hours from the Buyers and Programming. Work directly with Merchandising Buyers on the open-to-buy (OTB), analyze category performance, and establish appropriate receipt flows to support the hours without creating aged inventory layers. Broadcast Show Responsibilities: Oversee translation of category of business plans into Show Goals to provide direction on required financial performance by Show. Partner with the Broadcast Execution Teams to discuss inventory needs for live television programs, ensuring inventory is aligned with Broadcast schedule. Partner with Show Planning to assist in managing low generator items in order to sell thru on the Website. Accounting and Finance Teams: Collaborate closely with Accounting and Finance Teams on inventory valuation, reserve calculations, shrinkage analysis, and budgeting. This includes modeling the financial impact of various inventory investments and liquidation scenarios. Research and Modeling: Inventory Forecasting: Create and maintain a high-level Sales, Gross Margin, Inventory and Receipt model for the Fiscal Year, separated by Owned and Consigned segments. Profitability Analysis: Review profitability and turn by brand, category, and/or vendor, as needed to support buying and programming decisions. Process Improvement: Identify and champion opportunities to improve reporting and analytical tools related to inventory management and exception reporting with actionable callouts. Open-to-Buy (OTB): Lead the OTB planning process, providing analytical support to create receipt plans 3-4 months out. Manage preowned inventory levels. Financial Reconciliation: Meet with Finance, Accounting and Operations partners as needed to review inventory aging reports, assess markdown reserves, and discuss other liquidation opportunities.
Qualifications
Experience:
10+ years of progressive experience in Merchandising, Inventory Planning, and/or Business Analysis, with at least 5 years in a leadership/Director-level role focused on inventory and financial management. Industry Focus:
Proven experience working in a Retail environment that includes E-commerce and/or Broadcast/Live Selling. Experience with jewelry, gemstones, or luxury goods is preferred but not required. Financial Acumen:
Deep understanding of retail math, inventory valuation methodologies, OTB management, and the financial statements (P&L and Balance Sheet) as they relate to inventory. Technical Skills:
Advanced proficiency in data analysis and visualization tools (e.g., SQL, Tableau, Power BI) and experience working with large-scale inventory management systems. Proficiency in excel is a requirement. Communication:
Exceptional written and verbal communication skills, with the ability to articulate complex analytical findings to C-suite and executive audiences. Benefits
Outstanding employee benefit program with medical, dental and vision coverage available 401(k) Matching Exceptional employee discount on JTV product 24-hour private Fitness Center for all JTV employees and their immediate family Our employee park features a Walking Trail, Frisbee Golf, Volleyball and MORE
#J-18808-Ljbffr