New Store Inventory Manager

at  Five Below

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 17,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.
It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

QUALIFICATIONS:

• Minimum of 3-5 years of experience in related fields such as, but not limited to: Allocations, Visual Merchandising, Store Operations or Planning, and at least 1 year of management experience preferred
• Effective cross-functional collaboration and communication skills
• Ability to analyze data and provide actionable feedback. A strong problem-solving skillset
• Capable of prioritizing and delegating workload in a fast paced and dynamic environment
• Strong process implementation – ability to think big in ways to scale current processes
• Ability to quickly pivot with the everchanging needs of the business, works well under pressure
• Sense of urgency and excitement to be a part of the company’s future new store growth initiatives
• Demonstrate strong interpersonal skills, ability to interact with senior level management
• Able to formulate a point of view of the business and to summarize opportunities and strategies
• Strong team management and leadership ability
• Advanced Microsoft Excel skills and ability to learn systems quickly. Power BI or Tableau experience a bonus
  If you like wild growth and working with happy, enthusiastic over-achievers, you’ll enjoy your career with us!
  Five Below is an Equal Opportunity Employer.
  BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @ fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below’s Careers Site at www.fivebelow.com/info/careers to verify the posting

Inventory Build Planning:

• Collaborate with the Allocation team to review forecasted demand and determine optimal inventory levels for New Stores at time of Grand Open
• Oversee the process of ensuring Remodels, Relocations, Expansions, and Conversions receive timely and accurate allocations
• Partner cross functionally to identify optimal assortment and execute accordingly

Data Analysis and Reporting:

• Manage key reports and processes for new store sales and inventory analysis
• Monitor sales performance to ensure forecasts are capturing demand appropriately
• Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes
• Utilize analytical skills to identify and resolve system data discrepancies
• Develop a story from large data sets to create an action plan accordingly

Process Improvement and Team Development:

• Identify opportunities for process improvements to enhance overall inventory efficiency
• Implement best practices for inventory management and collaborate with cross-functional teams to drive continuous improvement
• Manage and develop team to be successful both individually and as a cohesive group

Communication and Collaboration:

• Work closely with (but not limited to) New Store Merchandisers, Store Operations, Allocations, Visual Merchandising, Buying, Planning to ensure effective communication and coordination
• Communicate inventory positions for all new store growth projects
• Manage the communication of the Store Projects Schedule and communicate weekly deadline changes cross-functionally
• Coordinate delivery schedule with Distribution centers and communicate to necessary parties
• Adapt quickly to new allocations timelines based on changes to overall company strategy