The Role: Inventory Manager
What You Are Looking For
- A closely connected culture
- A total rewards package meant to enhance your work-life flexibility
- Fully utilizing your talent
- Professional growth and development via challenging projects and assignments
- Warm and fuzzy feelings knowing you have helped your community, your team, the business and social causes through the Rexall Care Network
Reporting to the Senior Director, Controller, this new role as Inventory Manager, oversees the effective control over retail inventories and inventory store processes within the Rexall Pharmacy Group network of stores. The jobholder collaboratively works with multiple departments as a valued finance business partner to assist in identifying and mitigating risks, as well as developing strategies for process improvements and minimization of inventory loss. The position is an integral member of the Finance team and involves frequent interaction and partnership with members of Rexall’s senior management team.
What You Will Be Doing
Inventory Control
- Ensure compliance with established procedures and maintain effective internal control over the accounting of inventory receiving, sales, transfers and all other inventory related elements of retail operations.
- Develop and implement inventory control processes.
- Ensure inventory transactions and adjustments are complete, accurate, timely and appropriately recorded.
- Respond to senior management requests for ad hoc reporting and analysis.
- Manage the design and generation of various inventory reports for management and other business partners.
- Oversee the analysis and relevant commentaries on inventory reports, balances and trends and highlighting risks and opportunities to the Operations department.
- Manage the process and analytical support to other departments on inventory and shrink.
- Direct the Inventory Control and Inventory Reconciliation teams in generating insightful analysis to provide business groups with relevant information to action on.
- Liaise with the Returns (A/P) Department and ensure that product is credited in a timely manner.
Physical Inventory
- Oversee and direct the daily/weekly/period activities of the Inventory Reconciliation function.
- Direct the scheduling and ensure performance of physical inventories; maintain relationship with 3 rd party inventory service.
- Report and interpret the results of physical inventory reconciliations on a weekly basis to a cross-functional team of business operators.
- Investigate material discrepancies to identify root causes such as receiving, transfer, unit-of-measure, ordering, system or execution issues.
- Ensure that management estimates for provisions including regular shrink as well as obsolescence and impaired inventory are reasonable.
- Lead and/or participate in cross-functional inventory investigations.
Other/Miscellaneous
- Attend Store Acquisitions/NSO projects as the need arises, to assist in facilitating store openings (i.e., integration, inventory, divesture, training).
- Perform other duties as assigned to support Rexall Canada and provide continuous valued business partnership work with Support Centre and stores.
How You Will Succeed
- University degree in Accounting, Finance, Business Administration, Supply Chain Management or a related discipline.
- CPA designation is considered an asset.
- Minimum 5 years of progressive experience in inventory management, inventory accounting, retail finance, supply chain or related discipline, including people leadership experience.
- Experience supporting a large, multi-location retail environment and managing physical inventory and perpetual inventory processes.
- Strong understanding of inventory controls, inventory valuation, shrink analysis, retail operations and merchandise flows.
- Advanced analytical and Microsoft Excel skills; experience with JDE, SAP, Oracle or a comparable ERP is preferred.
- Excellent communication, relationship management, organization and problem-solving skills, with the ability to translate complex data into practical actions.
- Ability to manage competing priorities, meet deadlines and exercise sound judgment in a fast-paced environment.
- Willingness to travel.
At Rexall, we are better together. We serve our customers, partners, and patients best - we are our best - when everyone brings their true self to work. Our connected, inclusive culture celebrates our lived experiences, backgrounds, expertise, and self-expression to let us win as one team. Leveraging our differences distinguishes us and brings out our best performance.
Are you #ALLin?
Rexall Pharmacy Group is committed to providing an accessible environment for all of our customers, employees, and job applicants. Rexall Pharmacy Group will make available to any selected applicants’ accommodations and/or accessible formats should they require. Candidates are encouraged to discuss any accommodation they may need in order to allow for the most effective selection process.
Our hiring process uses AI-enabled tools to assist with the assessment of applications based on job-related criteria. All decisions are made by the hiring team.
