COO

  • Location
    Chicago, Illinois
  • Posted
  • Start Date
    ASAP
  • Salary
    USD200000 - USD250000 per annum
  • Expiry Date
    2024-05-06

Responsibilities:

Financial Leadership:

  • Provide strategic financial guidance to the executive team and other departments.
  • Oversee budgeting, forecasting, and financial planning to ensure fiscal responsibility and sustainable growth.
  • Implement financial controls and reporting systems to drive profitability.
  • Own the P&L and ensure that the company continues to run profitably
  • Maintain efficient and profitable cash flow cycles.
  • Negotiate discounts and pricing with key partners and vendors
  • Work closely with banking and financial partners to ensure adequate funding for inventory during seasonal peak periods
  • Continuously identify savings and revenue growth opportunities, including new channel expansion.

Operational Excellence:

  • Streamline and optimize operational processes to enhance efficiency and productivity; Identify areas for operational improvements and work with the team to implement.
  • Collaborate with cross-functional teams to drive improvements in supply chain management, logistics, and inventory control.
  • Assist with implementing best practices for order fulfillment, customer service, and returns management.
  • Define performance metrics and develop KPIs and goals for different departments to increase operational efficiency and employee satisfaction.
  • Build new systems and refine existing ones to enhance operational capabilities.
  • Continually work to establish processes and build systems across all aspects of the business as we continue to grow

Strategic Planning and Growth:

  • Work closely with the CEO and executive team to develop and execute the company’s strategic initiatives.
  • Evaluate market trends and industry dynamics to identify growth opportunities.
  • Drive strategic partnerships and alliances to expand the company’s market presence.
  • Collaborate with the CEO to help define, promote, and implement company culture, vision, values, and long-term business strategy and growth initiatives.
  • Analyze all aspects of the business to identify strategies for process improvement and growth.
  • Regularly perform data analysis across all systems and departments and use data to inform decision-making.

Team Leadership and HR

  • Lead, inspire, and oversee professional development, growth, and management of all staff.
  • Oversee quarterly and annual team meetings
  • Develop and implement training programs to enhance the skills and capabilities of the operations team.
  • Manage recruiting, onboarding, professional development, performance management, and employee retention initiatives.

Risk Management:

  • Identify potential risks and develop strategies to mitigate them.
  • Ensure compliance with industry regulations and company policies

Supply Chain & Demand Planning:

  • Oversee demand planning and supply chain to reduce stockouts and ensure that supply and inventory do not act as constraints on growth.
  • Work with the planning team to focus product buys on sell-through and high-churn product assortment.
  • Work with suppliers to reduce lead times, improve quality, and negotiate cost efficiencies.
  • Manage complex inventory-based operations at high growth scale.
  • Work with external partners to help refine and enhance vendor relationships.
  • Contract negotiation with partners.

Requirements:

  • 7-15 years of experience in fashion, retail, e-commerce, or consumer goods.
  • At least 3+ years as a C-level leader.
  • MBA in business, operations, administration, or finance.
  • Proven background in scaling an inventory-based business.
  • Experience building DTC, wholesale, and e-commerce business.
  • Experience profitably managing budgets.
  • Strong financial and business acumen.
  • Experience working in consulting a plus.
  • Optimistic and collaborative leader.
  • Analytical and data-driven problem solver.
  • Strategic, entrepreneurial mindset.
  • Must be based in Chicago or willing to relocate

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.

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