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For Companies At a Glance
- Tasks: Manage inventory movements and improve stock management processes.
- Company: Naturecan is a leading global wellness brand focused on premium CBD products.
- Benefits: Enjoy a competitive salary, remote work options, and professional growth opportunities.
- Why this job: Join a tech start-up with a mission to enhance health and well-being globally.
- Qualifications: Experience in inventory management and strong analytical skills required.
- Other info: Work in a collaborative environment with a focus on continuous improvement.
The predicted salary is between 43200 - 72000 £ per year.
About Us
Naturecan, founded in May 2019 by Andy Duckworth, the former CEO of Myprotein, and Paul Finnegan, is a global wellness brand focused on offering a premium, safe and effective hemp derived CBD, as well as other health-related products such as minerals to help people live a healthier, happier and more pain-free lives. We are a tech start-up with a clear vision to succeed and emerge as a leader on Global markets.
About Naturecan
Naturecan is a global leader in CBD production and distribution, managing a complex supply chain across various locations, including Fulfilment Centres, Raw Material Warehouses, and 3PL Warehouses. Our diverse business activities span the production of CBD distillate in America, trading hubs worldwide, and extensive stock movements that demand innovative logistical and tracking solutions.
About Medcan
Medcan Holdco Ltd, a subsidiary of Naturecan Limited, operates multiple subsidiaries with activities including importing, wholesale supply, lead generation, and clinics. Managing stock across this diverse range of operations is critical to our success.
Role Overview
As a Finance Stock Analyst, you will oversee and report on all inventory movements across our operations. This role is integral to strengthening our stock management processes and systems, driving improvements in inventory accuracy, and minimising stock loss.
Key Responsibilities
- Inventory Management: Maintain and improve the perpetual inventory program. Design and embed processes to track previously unmonitored stock movements. Ensure accurate reporting of stock levels across the business to meet company metrics. Conduct yield analysis, monitor output levels, and identify variance causes.
- Stock Reporting and Reconciliation: Maintain stock AVCO (Average Cost) calculations. Develop and produce stock leakage reports and calculations. Investigate inventory discrepancies, identify root causes, and implement corrective measures.
- Demand and Capacity Planning: Build and maintain location-specific demand and capacity plans in collaboration with the Trading and Buying teams. Conduct feasibility studies to assess operational changes.
- Collaboration and Communication: Provide regular stock performance insights to the wider business. Liaise with auditors to share stock volume and costing data and address queries. Collaborate with the Replenishment Manager to refine replenishment models and improve low stock/Beyond Best Before (BBE) reporting.
- Continuous Improvement: Drive and execute a continuous improvement program for stock processes and reporting. Monitor and optimise batch records, wastage, and distillate concentrations.
- Reporting: Produce daily, weekly, and monthly reports to support decision-making.
Required Skills and Experience
- Experience: Proven management experience in inventory roles, with a strong understanding of Warehouse Management Systems (WMS), stock compliance regulations, and warehouse processes.
- Attention to Detail: Highly accurate and detail-oriented, with the ability to deliver within deadlines.
- Problem Solving: Analytical thinker with strong problem-solving skills to identify and address inventory challenges.
- IT Skills: Advanced Excel and data analysis tools experience essential; eCommerce experience is highly desirable.
- Communication: Excellent verbal and written communication skills, with the ability to present complex data clearly.
- Organisation: Highly organised, able to manage competing priorities in a fast-paced environment.
- Planning: Strong planning and analytical skills to develop and optimise inventory models.
Key Attributes
- Calm and effective under pressure.
- Proactive approach to identifying and addressing process improvements.
- Team-oriented, with the ability to build effective relationships across departments.
What We Offer
- Competitive salary and benefits.
- Opportunities for professional growth and development.
- A collaborative and innovative work environment.
Finance Stock Analyst employer: Naturecan
Contact Detail:
Naturecan Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Stock Analyst
✨Tip Number 1
Familiarise yourself with the specific inventory management systems and processes used in the CBD industry. Understanding the nuances of stock compliance regulations and warehouse operations will give you a significant edge during interviews.
✨Tip Number 2
Showcase your analytical skills by preparing examples of how you've successfully solved inventory challenges in previous roles. Be ready to discuss specific situations where your problem-solving abilities led to improved stock accuracy or reduced discrepancies.
✨Tip Number 3
Network with professionals in the CBD and wellness industry. Engaging with others in the field can provide insights into current trends and challenges, which you can reference in your conversations with the hiring team at Naturecan.
✨Tip Number 4
Prepare to discuss your experience with advanced Excel and data analysis tools. Being able to demonstrate your proficiency in these areas will be crucial, as they are essential for the role of Finance Stock Analyst at Naturecan.
We think you need these skills to ace Finance Stock Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in inventory management and financial analysis. Use keywords from the job description to demonstrate that you meet the specific requirements for the Finance Stock Analyst role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of stock management processes and your analytical skills. Mention how your previous experiences align with the responsibilities outlined in the job description, particularly in improving inventory accuracy and minimising stock loss.
Showcase Your IT Skills: Since advanced Excel and data analysis tools are essential for this role, provide examples of how you've used these skills in past positions. Highlight any experience with Warehouse Management Systems (WMS) or eCommerce platforms to strengthen your application.
Prepare for Potential Questions: Anticipate questions related to inventory discrepancies and problem-solving scenarios. Be ready to discuss specific instances where you've successfully identified root causes and implemented corrective measures in your previous roles.
How to prepare for a job interview at Naturecan
✨Showcase Your Analytical Skills
As a Finance Stock Analyst, you'll need to demonstrate your analytical thinking. Be prepared to discuss specific examples of how you've solved inventory challenges in the past, using data analysis tools and techniques.
✨Highlight Your Attention to Detail
This role requires a high level of accuracy. During the interview, mention instances where your attention to detail has positively impacted stock management or reporting. This will show that you understand the importance of precision in this position.
✨Familiarise Yourself with WMS
Since the job involves working with Warehouse Management Systems, make sure you have a good understanding of how these systems operate. You might be asked about your experience with WMS, so be ready to discuss any relevant software you've used.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities. Prepare for scenario-based questions where you may need to explain how you would handle specific inventory discrepancies or stock management issues. This will help demonstrate your proactive approach.
