Senior Retail Inventory Manager (12-Month FTC)

BoF Careers; Watford; On-site; GBP 45,000 - 59,000; Full time

Job summary

Ralph Lauren Corporation UK is seeking an Inventory Manager on a 12-month FTC to oversee inventory accounting and reporting across the business, with strong expertise in retail inventory, standard costing and audit readiness. This role requires independent problem solving in a fast-paced environment.

Collaborate with FP&A, Supply Chain and the Reporting Team to ensure alignment on inventory strategy and implement standard costing and PPV analysis.

Qualifications

• Retail inventory management experience.
• Knowledge of standard costing and PPV.
• Experience with SOX and audits.
• ERP and Excel proficiency.
• Forecasting and inventory planning experience.
• Audit readiness and internal controls.

Responsibilities

• Manage end-to-end inventory processes across DTC and wholesale channels.
• Ensure accurate recording, valuation, and reconciliation of inventory balances.
• Maintain strong controls over inventory movements, adjustments, and reserves, including NRV and obsolescence.
• Partner with FP&A, Supply Chain, and the Reporting Team to ensure alignment on inventory strategy. Standard Costing & PPV
• Manage standard costing processes, including cost updates and variance analysis.
• Analyse Purchase Price Variance (PPV) and identify drivers impacting margin.
• Collaborate with Procurement and FP&A to ensure accurate cost planning and reporting. Forecasting & Planning
• Support inventory forecasting processes, including freight, PPV, duties, and balance sheet items.
• Provide insights into inventory risks and opportunities based on trends and actuals.
• Partner with FP&A teams to align inventory projections with financial forecasts. Month-End Close
• Facilitate inventory-related month-end close activities, ensuring timely and accurate reporting.
• Prepare journal entries, reconciliations, and variance analysis.
• Ensure compliance with internal controls and accounting policies. Reporting & Analysis
• Prepare and deliver high-quality inventory reports for management and stakeholders.
• Analyse inventory performance and provide actionable insights.
• Develop and enhance reporting tools to improve visibility and decision-making.
• Audit & Compliance
• Act as key point of contact for internal and external auditors, including SOX and EY.
• Ensure all inventory processes are audit-ready, with clear documentation and controls.
• Support audit requests and drive timely resolution of findings.

Skills

Inventory management

Forecasting

Analytical skills

Stakeholder management

Attention to detail

Problem solving

Communication

Independent work

Education

ACCA/CIMA/CPA or equivalent

Tools

SAP S/4HANA

Excel (Advanced)

Job description

Ralph Lauren Corporation UK is seeking an Inventory Manager on a 12-month FTC to oversee inventory accounting and reporting across the business, with strong expertise in retail inventory, standard costing and audit readiness. This role requires independent problem solving in a fast-paced environment.

Collaborate with FP&A, Supply Chain and the Reporting Team to ensure alignment on inventory strategy and implement standard costing and PPV analysis.