Total Loss Specialist

Houchens Food Group•Somerset, KY

1d•Hybrid

About The Position

The Total Loss Specialist supports the Director of Total Loss by executing strategies to minimize losses and optimize profitability within a grocery retail setting. This role involves detailed analysis and management of inventory shrinkage, SKU rationalization, markdowns, and various loss prevention initiatives. It does require frequent travel.

Requirements

Three years of experience in loss prevention or inventory management within the retail sector.
Strong analytical and problem-solving skills.
Excellent communication and collaborative abilities.
Familiarity with loss prevention techniques and retail operations.

Nice To Haves

Store Manager in a grocery retail environment.
Knowledge of inventory management and SKU rationalization.
Proficiency in using retail analytics software.

Responsibilities

Assist in implementing loss prevention strategies designed by the Director of Total Loss.
Conduct SKU rationalization to ensure optimal inventory levels and space utilization in stores.
Monitor inventory levels to identify areas of shrinkage in both dry and fresh product categories.
Collaborate with store teams to develop and implement corrective measures and training.
Support efforts to manage cash on hand, preventing discrepancies and potential losses.
Assist in tracking known and unknown loss metrics, employing data to identify trends and solutions.
Aid in coordinating markdown processes, ensuring they align with overall loss prevention and sales strategies.
Analyze sales data to provide insights into effective markdown practices.
Prepare detailed reports on loss prevention activities and assist in presenting findings to senior management.
Use analytics tools to support data-driven decision-making efforts.
Work closely with various departments, including store management, finance, and operations, to support integrated loss prevention efforts.
Communicate effectively with team members to foster a culture of proactive loss management.