Director of Inventory Audit

ESSENTIAL DUTIES:

The position includes, but is not limited to, the following essential job duties, responsibilities and requirements:

• Lead and mentor a team of inventory auditors, including three direct reports who oversee 16 business units.
• Own short to mid-term strategy execution and operational direction of Inventory Audit team.
• Make decisions on approaches that are conducive to success of the inventory audit function.
• Develop and enforce standardized inventory audit policies and procedures across all business units.
• Regularly interact with upper management to report audit findings and provide updates on inventory accuracy.
• Analyze inventory data to identify trends and areas for improvement.
• Determine and implement process improvements to enhance inventory accuracy.
• Present audit results, trends, and recommendations to senior and executive leadership to support strategic decision-making.
• Work closely with other departments, such as operations, finance, and supply chain, to ensure cohesive inventory management.
• Develop and implement training programs for audit staff.
• Set performance goals and conduct regular evaluations.
• Create and maintain a scorecard to track and measure the performance of inventory audits.
• Use the scorecard to identify areas needing improvement and to recognize high-performing units.
• Ensure that all inventory audits are conducted within a 60-day timeframe.
• Coordinate audit schedules and resources to meet deadlines.
• Coordinate with 3rd party auditors during audits.
• Oversee the execution of physical inventory counts and cycle counts.
• Ensure accurate recording of inventory transactions and adjustments.
• Investigate and resolve discrepancies between physical counts and system records.
• Prepare detailed reports on inventory accuracy, discrepancies, and audit findings.
• Ensure compliance with company policies and regulatory requirements.
• Motivates and sets the tone for a positive work environment within the inventory audit accounting team, exhibits behavior in accordance with the “Light of Day” policy.

JOB REQUIREMENTS:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field preferred.  Other combinations of experience and education that meet the minimum requirements may be substituted.
• Ten years of experience in inventory management, auditing, or a related field preferred, preferably in the retail industry.
• Strong leadership and team management skills; seven years of management responsibility preferred.
• Excellent analytical and problem-solving abilities.
• Proficiency in inventory management software and ERP systems.
• Strong communication and presentation skills. Effective verbal and written communication skills required.
• Experience with PDI Retail Suite, Sage, Dynamics, or QuickBooks accounting packages preferred.  Proficiency with MS Access, Excel, PowerPoint, and Word a plus. 
• Current travel requirements are 15-20%. 

PHYSICAL REQUIREMENTS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  Complete physical activity inventory of the position includes:

• Sit for long periods of time.
• Operate computer keyboard and mouse for data entry.
• View computer monitor
• Hear and speak via telephone.
• Reach forward and/or overhead
• Occasionally lift up to 20 pounds

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  Working conditions inventory of the position includes:

• The noise level in the work environment is usually moderate at a normal range.
• The lighting will include natural light from the outside as well as fluorescent lighting throughout the work areas.
• Work with minimum direction and periodic supervision.

JOB DESCRIPTION ACKNOWLEDGMENT

This Job Description indicates the general nature and level of work to be performed in this position and it is not intended to contain or be interpreted as a comprehensive inventory of all the duties, responsibilities, functions and qualifications required of the position.  The incumbent may be asked to perform other duties and will be evaluated, in part, on performance of the tasks listed in this job description.  As with all positions, the responsibilities