Junior Buyer

**Job Title**: Junior Buyer
**Reporting to**: Buyer
**Responsible for**: Assistant Buyer
- Who is Cult Beauty? Well, were a beauty-obsessed team who share a common goal to become the most trusted beauty retailer in the world Were all about intelligent beauty, from the way we pick our ever-lusted-after brands to how we talk to our exceptionally savvy customers. Our Cult Community values transparency and so do we. Thats why we only sell the products that truly blow us away and publish every review on our site._
- To achieve this goal, we want to collaborate with individuals who have the same vision. As part of the Cult Beauty team, youll be encouraged to share ideas and empowered to aim for the skies. Were a team so if we fail, we fail together and try again. Cult Beauty has become the successful world leader it is because of our people. Were a close-knit family that recognises that our collective and community are much more valuable than the sum of their parts. Were not just here to sell the most unbelievably amazing beauty products in the world, we also want to challenge the definition of what beauty is and use our platform to challenge the status quo both in our industry and society._

**Purpose of Role**: The Junior Buyer is responsible for strategically building, managing and reporting on the performance of a selected number of brands and product offerings for Cult Beauty in line with business KPIs

**Responsibilities**:**

Strategy Development:

- Collaborates with the Buyer to plan, build and execute plans for sustainable growth and development of the department
- Plan brand activities to ensure growth is met and or exceeded
- Identifies and acquires new Cult brands, trends and products
- Conducts regular reviews of ranges within their brands and stock management
- Curates ranges servicing the Cult customers needs
- Creates a comprehensive sampling programme aligned to Cult Beautys initiatives

Brand Plan Management:

- Build strong brand relationships to be the partner of choice, developing mid to long term strategic plans, securing exclusive brand and product launches, marketing investment and commercial drivers
- Works collaboratively across multiple departments, communicating and influencing effectively
- Supports the buyer in delivering the department and brand budgets in line with agreed KPIs
- Continuous monitoring and review of department performance to analyse sales patterns business wide, making suggestion for improvements
- Attends bi annual strategy meetings with brands ensuring the Cult Beauty strategy and customer are at the heart of decision making when building joint business plans
- Monitors satisfaction with all brand partners to ensure best in class delivery

Stock & Reporting
- Takes responsibility for efficient stock management, ensuring optimum stock holding to meet sales budgets, strategies for overstocks and exit plans for obsolete stock
- Manages the selection of product ranges, using customer insights and feedback to maximise new product opportunities and range visibility, to create an unparalleled customer experience and maximise sales and profit to achieve KPIs
- Manages and accountable for their brand P&L and share plans to grow business profit
- Conducts regular reviews of ranges within their brands & manage discontinuations and renovations accordingly.

Team Development
- Develops the skills of their direct reports through clear communication and objective setting
- Motivates team to fulfil all tasks required with efficiency & accuracy, provide recognition and praise, implementing incentives to drive performance within the team
- Provides support to new team members ensures a full induction is provided and support during the learning process

KPIs

Responsibility for building strength in key strategic brand relationships while delivering sales & profit growth
- Brands Sales Growth Target(s):

- achieving sales growth in line if not above of budget.
- Brands Gross Margin Target(s):

- achieving sales growth at maintained margin.
- Negotiating with new and existing to meet P&L requirements.
- Monitoring terms rebates where appropriate and feeding the appropriate actions alongside.
- Availability & fulfilment actuals and progression by brand
- Delivery of a complete JBP 6 months in advance that is built to deliver continuous sales growth to outperform previous years performance

**Must haves**
- Has experience operating as a Junior Buyer
- Can drive the success of a department through creative and commercial thinking
- Strong awareness of current trends and competitor activity
- Passion for beauty industry, brands and products
- Developed negotiation and influencing skills
- Demonstrates a commercial mindset, using data and insights to leverage opportunities
- Builds great relationships with internal stakeholders and suppliers
- Experience in beauty retailing with a proven recording of trading in a fast-paced environment
- Strong commercial acumen and savvy; highly numerate