An outstanding opportunity to join a highly successful World-Leading Retailer based in North Hertfordshire has an outstanding opportunity for a newly qualified, top calibre ACA/CIMA/ACCA to join their dynamic and fast-paced finance team as a Senior Finance Analyst.
As an integral member of the Financial Control team, ensuring the financial integrity for all aspects of stock ledger for the Business is maintained, including purchases, sales, gross profit, mark-on, markdowns and shrink. Build effective relationships at all levels and be able to influence decision making for integral aspects affecting stock ledger.
Key Responsibilities:
Analysis & Business Partnering:
Planning, delivery and presenting of projects for example new store end-to-end testing or high shrink store reviews that arise from the Shrink Actions Group. This will involve producing analysis to be issued to the business along with commentary and appropriate conclusions. The Senior Analyst will need to communicate with a variety of stakeholders from across the business who need to be engaged throughout the project. Final presentation of the results will involve both the senior leadership team and the wider business.
Assemble and perform analysis over the year end Shrink Pack issued to Senior Management including analysis by banner, store, grandmaster, department and class. Trend analysis on key shrink drivers will need to be performed to identify whether there are any areas that need further attention for the coming year to help reduce shrink. This will require close working with the Financial Control Manager, Loss Prevention, Store Operations, Merchandising and Buying to assist the Senior Leadership team and the wider business in developing the shrink plan.
Being the point of contact for ad hoc shrink and inventory analysis requested by the Senior Leadership Team and the wider business. Understanding the requirements and owning and managing expectations to ensure that the delivery is made in a timely manner with all requirements met.
Day to day supervision of the returns to vendor (RTV) process. Ensure that the process is followed in a rigid and timely fashion by the Processing Centres (PCs), Buyers, Vendors and Accounts Payable in order to prevent a delay in removing stock from our sites. This will require clear and concise communication with all stakeholders and escalation where appropriate.
Ensuring that aged RTVs are kept to a minimum by working with Buyers and Vendors to agree an appropriate course of action, ensuring all financial adjustments are made. This will require a weekly review with the DC Analyst who maintains the site RTV log and agreeing any actions to be taken by the head office team.
Throughout all the analysis pieces challenge existing processes and procedures, suggesting actions that will help reduce risk to the business and partner with the wider business to determine how improvements can be implemented.
Reporting:
Own the weekly and monthly reporting requirements for the UK and Ireland banners for example: markdown compliance, sales reconciliation, inventory reconciliation, merchandise creditor reconciliation and gross margin reconciliation. The Senior Analyst will be responsible for the gross margin and inventory figures for the UK and Ireland which are reported back to Group on a monthly basis. As such any reporting variances will need to be analysed in depth to understand what drives them and analyse and variances to forecast.
Preparation of year end freight, shrink and sales true-ups for final submission to the Group. This involves understanding the variances between the Stock Ledger, other source systems and the actuals, determining the correct version to report based on our accounting policies in line with GAAP.
Preparation of quarterly reporting for submission to the Group including Accounts Payable revaluation, management judgements summary and PO obligations.
Attending and overseeing year-end inventory store and DC counts in addition to assisting with problem resolution and preparation of the count timetable. This will involve helping the Financial Control Manager to liaise with inventory count companies and store operations.
Be able to provide absence cover for the other Financial Control Analysts on key reporting tasks by ensuring cross-training is received where appropriate.
Key contact to address internal and external audit queries.
The successful candidate will be a top calibre newly qualified ACA / ACCA / CIMA either from a Top 10 Accountancy Firm or Large/Blue-Chip business. You will have an outstanding track-record of academic achievement and ideally a strong degree from a top university. You will have excellent Analytical and presentation skills; Advanced problem solving abilities; Advanced Excel skills are a necessity; Prior related control environment experience would be an advantage. You must be able to work on own initiative, and prioritise workload to meet deadlines; Excellent communication skills are essential.
AGY – Vitae Financial Recruitment
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