AddressWHO WE ARE
QUINTESSENTIALLY BRITISH; DISTINCTLY GLOBAL.
At Ted Baker, we know what it means to be a truly forward-thinking designer brand. From the iconic props in our shops, to the delightful details and thoughtful touches which set us apart from the crowd. These are the qualities we see brought to life in our People.
We look for thoughtful, motivated team members - who know that ambition and authenticity go hand in hand. Driven by their curiosity and boundless creativity, our People are subject matter experts who fortify their team and strive to achieve new levels of success for the Ted Baker label.
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THE ROLE
Reporting to the UK Senior Inventory Accountant and working with the wider Finance team, the purpose of the role is to oversee and control the inventory movements across the UK & European businesses and ensuring that inventory records are accurate and reported periodically.
Inventory is the most critical asset of apparel retail businesses and therefore the inventory team is at the heart of the business. The role essentially divides between:
- Ensuring the accuracy of the physical stock in both stores and the warehouse
- Ensuring that the physical stock is valued in accordance with Ted policies and that provisions are appropriately carried to cover risk areas.
MAIN RESPONSIBILITIES
- Process discrepancies, manual stock adjustments and movements in AX on a daily basis
- Root cause, mitigate, and report issues related to store inventory movements and adjustments
- Support and track exit plan postings between retail stores and warehouses
- Report any issues regarding to polling of sales/returns or missing adjustments to IT
- Importing and updating Stocktake data into AX and preparing detail variance reports for Senior Retail Team
- Monitor store stock deliveries and returns
- Communicating, answering, and offering support to any stock related queries from stores
- Monitoring of closed locations - monthly checks and running of counting journals
- Liaising with third party contractor regarding scheduling/cancellations/complaints relating to stocktakes
- Support actions related to inventory holdings as appropriate
- First line of approval for invoices relating to stocktakes
Inventory Reporting and Investigations:
- Running and compiling weekly reports for intercompany orders and transfer orders
- Investigating, escalating, and assisting to resolve any processing or systemic issues with intercompany and transfer orders
- Running and compiling the goods in transit report
- Monitoring IRNG/GRNI control ledger, investigating discrepancies between supplier invoices and physical receipts
Inventory Accounting:
- Calculation and posting of purchase price variance journals in the financial ledgers
- Prepare and post periodic goods in transit accrual journals and registered invoice accruals journals
- Prepare and post periodic stock loss provisions
- Prepare and post periodic product distribution and packaging costs
- Prepare and post carriage and duty reconciliation
- Calculate periodic transfer pricing and post journals
- Monitor and investigate any variances in estimated cost prices and cost breakdown elements of on hand stock
- Preparation of EU & International stock reconciliation
- Running and monitoring the Stock Close procedure in AX every period end
- Provide variance analysis on gross profit adjustments and stock balance sheet accounts.
- Ad Hoc analysis
- Assisting auditors by providing explanation and documentation on stock related inquiries
Works with:
- Logistics & 3PL Teams
- UK & International Retail Store Teams
- IT Team
- Finance Team
- External Accountants
TOOLS OF THE TRADE
- Part-qualified accountant
- Able to prioritize and manage own time effectively
- Good communication skills
- A bright, challenging and analytical mindset
- Strong relationship building skills
- Good judgement and decision making
- High attention to detail
- Intermediate Microsoft Excel
- Desirable: AX proficient, experience in inventory accounting
OUR VALUES
AUTHENTIC
We have the freedom to be our ‘best self’, being true to ourselves and others
KIND
We try to do the right thing: for each other, our communities, our planet and for Ted
CURIOUS
We are hungry to explore, innovate and think differently
COURAGEOUS
We have the confidence to be brave, have fun and discover the unexpected
INCLUSIVE
We embrace and respect individuality and celebrate difference & diversity
BENEFITS
At Ted we offer a range of benefits to keep you well including our healthcare scheme, access to Aviva’s wellbeing app to track your fitness goals and assistance from the Retail Trust when you need a little help with life’s ups and downs. If you want to cycle to work, you can join our tax-free cycle scheme or if getting the train is more your thing then we’ll help with an interest free loan for an annual ticket.
We want you to share in Ted’s success so we’ll invite you to join our corporate bonus scheme. For your longer-term financial wellbeing we’ll pay into a pension scheme for you with Aviva.
And finally, we want you to enjoy wearing Ted! We have a fantastic team discount scheme offering you a 75% employee discount, a friends and family discount scheme and the opportunity to shop in our fantastic onsite sample shop.
Ted Baker is committed to equal opportunities and embraces diversity, understanding the needs and benefits of a balanced, inclusive workforce. We do not tolerate any harassment or discrimination towards any of our candidates or employees. We are proud to be an equal opportunities employer
