Say hello to big brands & bigger career opportunities.
TJX Europe is a growth vehicle for the TJX Companies, Inc. – the world’s leading off-price fashion and home ware retailer with sales of nearly $27 billion*, more than 3,200 stores in six countries and approximately 191,000 Associates (TJX Europe includes TK Maxx in UK&Ireland, Germany and Poland and HomeSense).
With extensive career options, TJX Europe is one of the most successful and exciting retailers thanks to our business model of no-frills stores with opportunistic buying. So our savvy shoppers get top fashion & home ware brands for up to 60% less.
Purpose
An integral member of the Inventory Control team, ensuring the financial integrity for all aspects of stock ledger for the European Business is maintained, including purchases, sales, gross profit, mark-on, markdowns and shrink. Build effective relationships at all levels and be able to influence decision making for integral aspects affecting stock ledger.
Key Responsibilities
- Prepare the weekly reconciliation of the stock ledger. Identify issues and follow through to a timely resolution, escalating where necessary.
- Producing, analysing and interpreting departmental markdown compliance in stores on a weekly basis and resolving any failed captures by liaising with Store Operations.
- Preparation of month end reporting including sales reconciliation, inventory reconciliation, gross margin reporting, shrink rate testing, header testing and merchandise creditor reconciliation for review by Inventory Control Manager. Be able to identify, communicate and resolve any variances or issues in a confident and timely manner.
- Attending and overseeing year-end inventory store and DC counts in addition to assisting with problem resolution and preparation of the count timetable. This will involve helping the Inventory Control Manager to liaise with inventory count companies and store operations.
- Assist the Inventory Control Manager in preparation of the year end Shrink Pack issued to Senior Management including Class Shrink Analysis and collation of stock count data for shrink reporting. In-depth analysis of shrink by department and stores in order to identify any trends that require further investigation.
- Preparation of year end reporting including the month end requirements above in addition to freight true-up and sales reconciliation between the Stock Ledger and General Ledger.
- Assist in the stock ledger roll-forward and inputting of budget shrink and freight rates for the coming financial year. These will need to be reconciled for review in a timely manner by the Inventory Control Manager.
- Planning, delivery and presenting of projects for example new store end-to-end testing, producing reports to be issued to the business and any analysis that arises from the Shrink Actions Group such as looking at high shrink stores. This will involvecommunicating with a variety of stakeholders from across the business who need to be engaged throughout the project. Final presentation of the results will involve both the senior leadership team and the wider business.
- Being the point of contact for ad hoc analysis requested by the senior leadership team and the wider business.
- Understanding the requirements and managing expectations to ensure that the delivery is made in a timely manner with all requirements met.
- Prepare bluesheet and unit control maintenance files with the appropriate evidence to support the figures. These will then need to be reconciled once processed to ensure that they have gone into Stock Ledger correctly.
- Day to day supervision of the returns to vendor (RTV) process. Ensure that the process is followed in a rigid and timely fashion by the Distribution Centres (DCs), Buyers, Vendors and Accounts Payable in order to prevent a delay in removing stock from our sites. This will require clear and concise communication with all stakeholders and escalation where appropriate.
- Ensuring that aged RTVs are kept to a minimum by working with Buyers and Vendors to agree an appropriate course of action, ensuring all financial adjustments are made. This will require a weekly review with the DC Analyst who maintains the site RTV log and agreeing any actions to be taken by the head office team.
- Preparation of the quarterly submissions for SOX requirements in line with the SOX control matrices and audit guidance.
- Preparation of quarterly reporting including Accounts Payable revaluation, management judgements summary and PO obligations for submission to the US.
- Challenge existing processes and procedures, suggesting improvements.
- Key contact to address internal and external audit queries.
- Be able to provide absence cover for the other Inventory Control Analysts on key reporting tasks by ensuring cross-training is received where appropriate.
Key Skills, Knowledge & Experience
- Audit / Numeracy skills
- Analytical and presentation skills
- Advanced problem solving abilities
- Advanced Excel skills are a necessity
- Prior related control environment experience would be an advantage
- Must be able to work on own initiative, and prioritise workload to meet deadlines
- Excellent communication skills are essential, including a good telephone manner
- A flexible problem-solver, willing to take ownership of issues as they arise
- The ability to escalate issues and assist in resolving them
We are proud that we can offer progressive career possibilities, competitive salaries and exciting opportunities. We are committed to support your goals so you can help us achieve ours.
If you would like to be a part of something very unique then please apply today.
* Fiscal year ending February 2, 2014
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