Senior Inventory Analyst

Company: Sephora USA, Inc
Location: San Francisco
Posted on: February 9, 2025

Job Description:

Job ID: 260156Location Name: CA-FSC SF Off (0174)Address: 350 Mission St, 20th Floor, San Francisco, CA 94105, United States (US)Job Type: Full TimePosition Type: RegularJob Function: FinanceRemote Eligible: Hybrid ScheduleCompany Overview:At Sephora, we inspire our customers, empower our teams, and help them become the best versions of themselves. We create an environment where people are valued, and differences are celebrated. Every day, our teams across the world bring to life our purpose: to expand the way the world sees beauty by empowering the Extra Ordinary in each of us. We are united by a common goal - to reimagine the future of beauty.The Opportunity:The Senior Inventory Analyst is responsible for managing the accuracy and integrity of inventory and operations within Sephora's network of Distribution Centers (DCs) and retail stores, as well as being a key player amongst business partners within Retail Operations/Loss Prevention in all matters of shrinkage.This role will support the Canadian DCs in their efforts to harmonize with the US DCs, including but not limited to establishing best practices, mirroring inventory adjustment processes, cycle counting initiatives, Root Cause Analysis of shrink movements, and intercompany transfers of inventory. The role will drive continued process and systems enhancements, including documenting and implementing process changes within the DCs to align across the network. Additionally, the role will work directly with Supply Chain on inventory-related issues related to receiving, tracking, and reporting of purchase order receipts and corresponding vendor transactions.This role will require a detail-oriented person with experience in managing and analyzing large sets of data to ensure the success of the physical inventories for all North American Sephora retail stores. The role will correspond directly with third-party suppliers to support our physical inventory scheduling with Retail Operations, manage and track the status of all physical inventories, and allow stores to resume business with minimum disruptions to operations.The role will also be responsible for the preparation of month-end journal entries recording shrinkage to the financials, as well as monthly reporting to management on results. Furthermore, the role will be the point of contact for any analytical or reporting requests from business partners and will speak to variance analysis on inventory-related areas during the month-end financial meetings.This role will focus on identifying areas of optimization for existing internal processes and presenting to leadership to drive alignment and address budget concerns related to inventories.In addition, you will...

• Support Canada DCs to harmonize with US in all areas of inventory.
• Prepare monthly accrual calculations for shrinkage.
• Prepare reporting for senior management and month-end meetings.
• Prepare intercompany reporting for Global.
• Review monthly financial results for inventory-related areas and speak to variance drivers compared to budget/forecast.
• Schedule/manage/track status of physical inventories for all North American stores.
• Develop S&OP and controls to monitor company-wide inventory transactions based on reporting from IT, including recommendations for report modifications to suit business needs.
• Review and approve final shrink postings to the financial statement for total North America.
• Review & approve RTVs to ensure minimal financial liability to Sephora.
• Identify and drive process/systems enhancements across the DC network.
• Support annual audit with internal (LVMH) and external auditors (Deloitte & Touche).
• Partner with Loss Prevention to analyze and set annual shrink goals on an individual store level based on historical performances and trends.
• Work with Strategic Sourcing on managing contract renewals with existing suppliers and identifying potential new suppliers.We'd love to hear from you if you have...
• 5+ years of General Ledger/financial reporting experience.
• CPA Certification Preferred.
• 1-2 years of Inventory/Cost Accounting experience.
• 1-2 years of Retail/store operations experience.
• SAP/S4 ERP experience highly desired.
• Technically efficient with systems and ability to improve processes by utilizing technology to enhance operational efficiency, productivity, and reduce manual workload.
• Strong organizational and time-management skills, as well as attention to detail.
• Ability to manage and analyze large sets of data.
• Strong Microsoft Office skills, especially in Excel (intermediate formulas, e.g. VLOOKUP, COUNTIFS).
• Excellent verbal and written communication skills, able to communicate effectively at all levels across the organization.
• Prior experience in retail operations and/or corporate retail a plus.
• Process improvement/optimization experience a plus.
• Strong interpersonal and customer service skills.The annual base salary range for this position is $114,750.00- $128,250.00. The actual base salary offered depends on a variety of factors, including the applicant's qualifications, years of relevant experience, specific skills, education, certifications, and geographic location. Individuals employed in this position may also be eligible to earn bonuses. Sephora offers a generous benefits package to full-time employees, which includes comprehensive health, dental and vision plans; a superior 401(k) plan; various paid time off programs; employee discount/perks; life insurance; disability insurance; flexible spending accounts; and an employee referral bonus program. This job will be posted for a minimum of 5 days.While at Sephora, you'll enjoy...

• The people. You will be surrounded by some of the most talented leaders and teams - people you can be proud to work with.
• The learning. We invest in training and developing our teams, and you will continue evolving and building your skills through personalized career plans.
• The culture. As a leading beauty retailer within the LVMH family, our reach is broad, and our impact is global. It is in our DNA to innovate and, at Sephora, all 40,000 passionate team members across 35 markets and 3,000+ stores are united by a common goal - to reimagine the future of beauty.You can unleash your creativity, because we've got a disruptive spirit. You can learn and evolve, because we empower you to be your best. You can be yourself, because you are what sets us apart. This is the future of beauty. Reimagine your future, at Sephora.Sephora is an equal opportunity employer and values diversity at our company. We do not discriminate based on race, religion, color, national origin, ancestry, citizenship, gender, gender identity, sexual orientation, age, marital status, military/veteran status, or disability status. Sephora is committed to working with and providing reasonable accommodation to applicants with physical and mental disabilities.Sephora will consider for employment all qualified applicants with criminal histories in a manner consistent with applicable law.
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Keywords: Sephora USA, Inc, San Francisco , Senior Inventory Analyst, Accounting, Auditing , San Francisco, California