Senior Financial Analyst - Inventory

Welcome to Nordstrom, where we pride ourselves on providing exceptional customer service and high-quality products. We are currently seeking a Senior Financial Analyst to join our dynamic team and play a critical role in managing our inventory. As a Senior Financial Analyst, you will have the opportunity to use your analytical skills to drive financial results and support our inventory management strategies. We are looking for a highly motivated and detail-oriented individual with a strong background in finance and inventory management to join our team. If you are passionate about numbers and have a keen eye for accuracy, we would love to hear from you.

1. Conduct in-depth analysis of inventory data to identify trends, patterns, and areas for improvement.
2. Develop and maintain inventory management strategies to optimize product availability and profitability.
3. Collaborate with cross-functional teams to ensure accurate and timely inventory reporting.
4. Continuously monitor inventory levels and make recommendations for adjustments as needed.
5. Prepare and present financial reports and presentations to senior management.
6. Conduct cost-benefit analysis for inventory-related initiatives and provide recommendations for implementation.
7. Identify and implement process improvements to streamline inventory management processes.
8. Monitor and analyze inventory costs and variances to ensure accuracy and identify areas for cost savings.
9. Work closely with suppliers and vendors to negotiate pricing and terms for inventory purchases.
10. Develop and maintain inventory forecasting models to aid in decision-making.
11. Train and mentor junior analysts on inventory management processes and procedures.
12. Stay updated on industry trends and best practices related to inventory management and make recommendations for implementation.
13. Ensure compliance with company policies and procedures related to inventory management.
14. Identify potential inventory risks and develop contingency plans to mitigate them.
15. Communicate effectively with team members and stakeholders to provide updates on inventory performance and initiatives.

According to JobzMall, the average salary range for a Senior Financial Analyst - Inventory in Seattle, WA, USA is between $80,000 - $110,000 per year. However, this can vary depending on factors such as experience, education, and the specific company or industry the individual is working in. In addition, bonuses and other compensation can also impact the overall salary range.

Nordstrom, Inc. is a U.S. luxury department store chain founded in 1901 by John W. Nordstrom and Carl F. Wallin. It originated as a shoe store, and evolved into a full-line retailer with departments for clothing, footwear, handbags, jewelry, accessories, cosmetics, and fragrances.