Retail Finance Analyst
up to £45k DOE
Hybrid Working
West London
I am currently recruiting for a Commercial Finance Analyst to join a Global Retail company in West London. This role is a fantastic opportunity for someone looking to take their next step in commercial finance and progress their career in this field. You will be a part of an established team, offered study support amongst other fantastic benefits, and the chance to gain valuable exposure.
Please email your CV to shendl.van-wyk@investigo.co.uk.
Purpose of the Role:
The purpose of this role is to assist the Finance Manager in the reporting, budgeting, and forecasting for UK Retail stores, including accounting for store costs.
Key Responsibilities:
* Period/Year End, Reporting and Controls
* Assist in accounting for Retail Property costs for month/year end actuals by posting journals and ensuring all costs are properly accounted for
* Perform monthly balance sheet reconciliations
* Update analysis for the monthly board pack providing detailed commentary on key variances.
* Highlight any risks and opportunities.
* Cashflow management
* Preparation of rent payments due based on store turnover or fixed contracts.
* Monthly update of occupancy costs in the cash flow forecast.
* Budget, Forecasting & Longer-Term Planning:
* Assist the Finance Manager in the budgeting and forecasting processes for stores, providing support and guidance to teams and ensuring all assumptions are appropriately challenged.
* Update and maintain complex models on store costs, including store wage model.
* Compile budget/forecast summaries and communicate outcomes to senior management
* Support the Retail Finance Manager to determine assumptions for budgets and forecasts.
* Update a rolling forecast to assess store profitability.
* Prepare appropriate summaries to clearly communicate updated views to senior management to aid decision making for the store portfolio.
Person Specification:
* Part qualified accountant or interest in pursuing accounting qualification (CIMA, ACA or ACCA)
* Proactive, positive, resilient, and adaptable team player who is driven to make a difference.
* Attention to detail.
* Intermediate Excel skills and comfort with IT systems, with the ability to work through large amounts of data
* Ability to work well under pressure and meet various deadlines.
* Able to work in a fast-paced retail environment with changing conditions.
* Excellent communication skills - ability to articulate detailed information in an easy-to-understand manner.
* 1-2 years experience in month end, forecasting, and budgeting processes.
* Interest in Retail/Fashion environment.
Desirable:
* Experience working within a Fashion Retail environment, especially multi-site.
* Experience using reporting systems (CODA and Cognos).
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