Buyer, Fine Jewelry

Moda Operandi is seeking a Buyer for our Fine Jewelry division . The Buyer is responsible for devising and executing the merchandise strategies for the Fine Jewelry division to meet or exceed financial plans; acts as a key leader with cross functional teams (Buying, Planning, Marketing, Operations).

The Buyer, Fine Jewelry has the responsibility for driving business growth, and managing the overall sales forecasting, inventory management and buying decisions for the category. This role is responsible for generating seasonal merchandise plans, assortment strategies, and vendor negotiations to maximize and grow the business.

PRIMARY RESPONSIBILITIES:

- Work with VP, Non Apparel to execute top level strategic initiatives; partner with cross functional teams, along with direct reports, to drive these initiatives

- Meet or exceed department sales, gross margin and inventory plans

- Build strong relationships with vendors and strategically partner to deliver a differentiated product mix and meet seasonal profitability targets

- Resident expert on industry trends, consumer behavior and competitive landscape

- Collaborate with private client stylist teams to drive client engagement, retention, sales, gross margin and overall customer relationships

- Create and execute a merchandise assortment plan that supports the financial, merchandising, and marketing objectives set by senior management

- Partner with the Planning department to create buy plans that adhere to the company’s financial strategies in order to have an efficient assortment plan

- Coordinate with cross-functional partners such as marketing, editorial and studio teams, in order to make sure key messages and brand features are being executed and align with business priorities

- Train, develop, and mentor the Assistant Buyer and Merchandising Assistant

WHAT YOU’LL DO

- Develop, manage, and continually analyze a financial plan (profitability margins, mark-up and receipt flow) to exceed sales goals in line with corporate strategies and KPIs

- Promote an environment that fosters the ideas of others and supports ongoing collaboration to execute business growth strategies

- In-depth knowledge and understanding of the Fine Jewelry market and global MO customer, developing and executing strategies to drive business and market share

- Develop seasonal merchandise plans for Fine Jewelry with management and the merchandising team

- Manage the buying process, including building assortments based on historical and current product performance, analyzing business and managing inventory flow

- Review and analyze business weekly, monthly, seasonally, developing appropriate initiatives

- Analyzing competitive pricing, product, presentation and timing

- Establish and maintain vendor relationships and attend market

- Negotiate buying terms with vendors (price, margin, quantity, delivery terms)

- Analyzing competitive pricing, product, presentation and timing

- Attend trade shows and market appointments

- Knowledgeable about the global customer, market and competitive landscape

- Identify new business opportunities, including new brands and product development

- Identify key opportunities to maximize sales and drive the process to meet financial objectives

- Proactively motivate selling teams through the communication of product knowledge such as collection notes, training and selling events

- Keep all cross-functional teams informed on performance, industry trends, new inventory and brand positioning

- Manage and develop the Assistant Buyer and Merchandising Assistant

WHO YOU ARE:

QUALIFICATIONS & EXPERIENCE:

- Experience: 2+ years of experience as a Buyer, Fine Jewelry experience required

- Education: Bachelor’s Degree in related field required

- Skills: Strategic thinker with ability to manage from high level to low level detail

- Balanced analytical mind with innovative, creative thought – from business operation and product standpoints

- Must be highly organized; ability to work in a dynamic, changing, fast paced environment.

- Proficient in MS Word, Excel, PowerPoint, Google Workspace

- Luxury e-commerce experience is a strong asset

- Demonstrate sense of fashion and strong knowledge of the Fine Jewelry market

- High level of credibility and integrity, demonstrated through strong industry relationships

Minimum Experience:

- 2+ years of experience as a Buyer,

- 7+ years of Merchandising experience

- Fine Jewelry experience required

Industry Experience:

- Understands the dynamics that are shaping the global luxury landscape

- Luxury e-commerce experience is a strong asset

- Demonstrated sense of fashion and strong knowledge of the Fine Jewelry market

- High level of credibility and integrity, demonstrated through strong industry relationships

Specific Skill Requirements:

- Strong understanding of Merchandising financials, retail math and the ability to manage profitability

- Excellent organizational, presentation and communication skill

- Ability to act as liaison and collaborate amongst many cross-functional departments within the company

- Lead and manage a team of 2

- Proficient in all inventory fulfillment models (asset, dropship, consignment etc)

- Must have Fine Jewelry experience

- Proficient in Word and Excel

- Educational Requirements:

- Bachelor’s Degree

Other Points

- Proven experience working dynamic, high-growth environment environment

- Detail oriented and able to multi-task

- Extremely well organized, methodical and efficient

- Good business judgement, ability to identify trends, and demonstrated decision making skill

- Strong networking, presentation & writing skills

Job Type: Hybrid role with one day a week in our Brooklyn NY (Industry City) office space
Salary: $90,000 - $110,000 per year, based on experience + Discretionary Bonus

Benefits:

- Medical, Dental & Vision Insurance Benefits (Day 1)

- 401(k) with Company Match

- Company Paid Life Insurance Benefit

- Voluntary Supplemental Insurance Benefits (STD, LTD, Accident, Critical Illness)

- Unlimited Paid Time Off (Exempt & FT)

- Tuition Reimbursement

The above statements describe the general nature of work being performed in this role, they are not an exhaustive list of all responsibilities, duties and skills required. Additional responsibilities may be required from time to time. Moda Operandi is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity or expression, national origin, age, disability, marital status, partnership status, familial status, caregiver status, military or veteran status, citizenship status, arrest or conviction record, credit history, genetic information, unemployment status, status as a victim of domestic violence, stalking or sex offenses, or any other characteristic protected by applicable federal, state or local law.

For details on how we protect your information when you apply, please see our Applicant and Candidate Privacy Policy (https://www.modaoperandi.com/privacy-applicant-candidate).

Moda Operandi (https://www.modaoperandi.com/) is an e-commerce platform transforming the way people discover and shop for designer fashion. Through its innovative mix of commerce and content, Moda allows women to shop for what’s new and what’s next in designer fashion from the world’s leading emerging designers and luxury brands. Founded in 2010, Moda Operandi's mission is to make it easy for designers to grow their businesses and consumers to realize their personal style. Today, Moda’s platform carries more than 1,000 brands and designers across fashion, fine jewelry, home, and beauty, shipping to customers around the world.