Job Information
IT'SUGAR Inventory Control Director in Corporate Office, Florida
IT’S Fun, IT’S Flexible, IT’S Entertaining, IT’S Bringing the Fun Back into Retail!
Want to be part of a fast-growing and SWEET company? Join our Accounting Team at our Home Office located in Downtown Fort Lauderdale! The position is a hybrid-work role. Come join the fun!
Who we are...
IT’SUGAR was founded to create an environment that fosters the greatest feeling of happiness and humor; that allows you to smile and laugh out loud without judgement. Expanding rapidly, with over 100 locations nationwide, IT’SUGAR aspires to a future where everyone has access to the pure joy that comes from indulging in a world with fewer rules and more sugar.
There are three major things that differentiate IT’SUGAR from other candy retailers. One is the product – an unconventional twist on traditional candy store goods that focus on the humorous and outlandish. Second is the ambiance – full of bright colors, loud music, and lighthearted rebellion. Third is the people – passionate, optimistic, and energetic.
The Inventory Control Director position will be responsible for establishing and maintaining proper controls and reporting for inventory throughout the IT’SUGAR retail operation platform. The position is specifically responsible for the overall inventory control structure, including controls over procurement, receiving, and physical verification of inventory and ongoing processes for reporting on and monitoring inventory balances to ensure inventory risks are properly reported and communicated. The role will work cross-functionally with Planning, Merchandising, Retail Operations, Information Technology, and Finance to mitigate risks and improve overall accuracy of the company’s reporting on inventory balances. This role requires an individual with (i) a solid understanding of the inventory cycle, including key physical and financial controls, and inventory ERP systems, (ii) an ability to analyze business flows, establish processes, and identify solutions when variances are identified, (iii) a fervent attention to detail, (iv) problem-solving and organizational skills, and (v) analytical and reporting capabilities. This individual must also thrive in a dynamic, fast-paced and high-energy environment. This role will report to the IT’SUGAR Chief Financial Officer and support the Finance organization and its broader objectives.
What you’ll do? IT’S Exciting!
Develop, implement, and maintain inventory control procedures across the organization (including process narratives, flowcharts, and responsibility matrices) to ensure the accuracy of inventory records, reduce inventory shrink, and assist the Planning team in the optimization of inventory levels.
Maintain accurate inventory balances in the company’s accounting systems (including its point-of-sale sale system) by conducting ongoing analysis of records to identify errors related to completed transactions and correcting identified errors.
Work cross-functionally with the Planning, Merchandising, and Retail Operations teams to (i) ensure compliance with established inventory control procedures across the organization, (ii) perform root cause analyses of inventory variances, and (iii) implement any necessary process changes (development of new processes, training, system updates, etc.) to correct such variances and prevent such variances from recurring.
Evaluate current processes and identify, propose, and implement process improvements (both external and internal) to the inventory control platform to simplify and streamline existing processes and improve reporting.
Develop and maintain an intimate knowledge of processing and reporting inventory transactions in the company’s accounting systems (including its point-of-sale sale system) and ensure that individuals throughout the organization are knowledgeable of elements of the system for which they are responsible.
Establish inventory reporting techniques aimed to identify variances, reduce receiving errors, and assist in the identification of expired or slow-moving inventory.
Plan and execute the annual physical inventory count process to ensure efficient and accurate counts and perform a thorough analysis of inventory results. Identify key variances and recommendations to improve inventory control processes.
Develop and implement a process for performing physical inventory cycle counts on a periodic basis throughout the year.
Document and comply with all internal control procedures, including SOX controls, and provide internal and external auditors with timely and accurate information during quarterly and year-end audits.
Ensure accurate receipt of inventory at retail stores.
Create ad-hoc reports as necessary.
Become the liaison to our shipping courier for all communications and updates.
Perform other duties as required or assigned.
What you need to join the fun! (besides SUGAR)
Bachelor’s degree in business administration or supply chain management or related field.
Minimum five (5) years of experience in distribution and inventory management and warehouse operations.
An emphasis on inventory and quality control in a multi-outlet retail and distribution environment is highly preferred.
ERP system implementation is preferred.
Knowledge of inventory management systems.
Ability to analyze data for multiple purposes, such as forecasting, analysis, and identifying potential weaknesses.
Knowledge of industry best practices in inventory control and supply chain management.
Ability to utilize software programs to access data necessary to perform functions.
Ability to utilize software programs and applications used in financial reporting, primarily Excel or Power BI.
Able to work across multiple groups to drive performance.
Excellent organizational skills with acute attention to details and accuracy.
Effective time management skills with the ability to multi-task.
Ability to analyze business flows, establish processes, and identify solutions
Excellent verbal and written communication skills.
Excellent analytical skills.
What’s in it for you? IT’S Even Sweeter
Fun at Work! Socials and Happy Hours Monthly
Hybrid Work Schedule
Career Growth Opportunities
Training and Development
30% Employee Discount
Perk Spot (Discount travel, events, etc.)
401k with company match
Full Time Only
Medical, Dental, Vision
Paid Time Off
Health Savings and Flexible Spending Account
Let’s get Social! IT’S Cool
Visit our Website:www.itsugar.com
Visit us on Facebook:www.facebook.com/itsugar
Visit us on Twitter:www.twitter.com/itsugar
Join us in bringing the Fun Back into Retail!