Resident Buyer

Vaibhav Global limited

Jaipur

Posted : 9 hours ago

**About VGL Group**

Vaibhav Global Limited (VGL) is a leading **electronic retailer of jewelry and lifestyle products**. In FY 2023-24, VGL reported a **turnover of ~$365 million** and employs **4,000+ people globally**, with **3,000+** based in Jaipur, India.

**Multi-Channel Presence**

VGL reaches a broad audience through its **TV, e-commerce, and digital retail platforms**:

- **Shop LC (USA)** - **Live broadcasts to 60M+ homes** with a strong e-commerce presence.
- **TJC, UK** - **Reaches 27M+ homes** through TV and digital platforms.
- **Shop LC Germany** - **Broadcasts to 40M+ homes**, expanding VGL’s European market presence.
- **Ideal World (UK)** - Acquired in **2023**, a leading UK **teleshopping & digital sales platform**.
- **Mindful Souls** - Acquired in **2023**, a fast-growing **subscription-based e-commerce brand** focused on spiritual and wellness products.

**Social Impact & ESG Initiatives**
- **Your Purchase Feeds ** - VGL’s flagship **one-for-one meal program** has provided **99M+ meals** to schoolchildren in India, the US, and the UK.
- **Employee Volunteering** - Encourages employees to **donate two hours monthly** for charitable activities.
- **Sustainability Commitment** - Focused on **renewable energy, waste reduction, and green initiatives**.
- **IGBC Award Winner** - Recognized for excellence in **green built environments** at its Jaipur SEZ unit.
- Assigned a **‘Combined ESG Rating 72 (Strong)’**from ICRA ESG Ratings Limited

**Talent & Culture**
- **Humanocracy & Micro-Enterprises** - VGL fosters a **decentralized, empowered work culture**, enabling **small, agile teams** to drive innovation and ownership.
- **Talent Density & Meritocracy** - Prioritizing **high-performance teams, rewarding talent, and a culture of excellence**.
- **GPTW Certified** - Recognized as a **Great Place to Work** across India, the US, the UK, and China.

**Recognition & Achievements**
- **Top Exporter Award** - Honored by GJEPC for being **India’s largest exporter of silver and colored gemstones**.
- **Operational Excellence** - A strong track record in **value-driven retail and customer-centric growth**.

**Job Title**:Resident Buyer - Jewellery**

**Job Summary**:
We are looking for a **Resident Buyer - Jewellery** who will play a critical role in sourcing, curating, and delivering jewellery collections tailored for live **TV shopping, ecommerce platforms, and social commerce.**The role requires strong trend awareness, vendor engagement, and commercial acumen to ensure innovative yet profitable product offerings. The **Resident Buyer** will work closely with **design, merchandising, and marketing teams** to create compelling product assortments that resonate with diverse customer segments.

**Core Responsibilities**
- Source, evaluate, and select jewellery collections aligned with customer preferences, seasonal trends, and channel strategy
- Negotiate pricing, terms, and delivery with vendors to achieve target margins and business objectives
- Analyze sales, inventory, and customer insights to plan assortments and make reordering or markdown decisions
- Collaborate with product development, design, and quality assurance to ensure compliance with style, quality, and pricing standards
- Coordinate product storytelling and presentation with merchandising, marketing, and live show teams to maximize on-air and online impact
- Own purchase order and open-to-buy processes, ensuring accurate planning and timely product availability
- Monitor product and vendor performance, recommending strategic adjustments to maximize profitability and minimize risk
- Explore global market trends to identify innovative jewellery designs and new vendor partnerships.

**Qualifications & Experience**
- Strong knowledge of jewellery categories (precious, semi-precious, fashion jewellery) and consumer buying behavior
- Familiarity with retail math concepts: margins, costing, open-to-buy, KPIs, and markdown strategies
- Excellent negotiation, relationship management, and communication skills
- Proficiency in Excel and presentation tools; experience with ERP or merchandising systems preferred

**Preferred Skills & Traits**
- Passion for jewellery, with a keen eye for design, craftsmanship, and global style trends
- Ability to thrive in a fast-paced, live shopping environment with quick turnaround times
- Strong collaboration skills with cross-functional teams (design, QC, ecommerce, planning, and marketing)
- Analytical mindset balanced with creativity to build commercially viable yet innovative assortments
- Entrepreneurial drive to continuously enhance product offerings across TV, digital, and social platforms

**Job Overview**:

- **Compensation**: ₹ 400000-550000 Yearly
- **Level**: 3
- **Location**: Jaipur
- **Experience**: 2-3 years Years
- **Qualification**: Graduate
- **Work Mode**: Onsite
- **Job Type**: Fulltime