About Oh Polly
Founded in 2015, Oh Polly creates high-quality, innovative designs that are trend-driven, meeting our customers’ needs in an ever-evolving market without compromising on our global responsibility and ethical values. Our business model is social first, centred around our industry-leading Instagram and Facebook accounts. 2020 saw the launch of Bo+Tee, Oh Polly’s much-loved gym and activewear brand. Fast forward to 2024 and we now have a combined following of over 10 million across the brands, selling products in almost every single country around the world. Operating via offices in Glasgow, Liverpool, London, Los Angeles, Dhaka and Guangzhou, the business has over 400 employees in the UK and 1500 directly employed worldwide. As we continue to expand our global presence, we are looking for talented, driven, and ambitious individuals to join the Oh Polly team! Here, you can expect an environment to flourish, develop and take your career to the next level.
About the department:
In the Finance Department, we are going through an exciting period of growth and
we need more people to help us achieve this. We have a fantastic opportunity to
join the Finance team. Given the fast-paced nature and variety of the Finance
department, there will never be a dull moment in the role.
As a Commercial Finance Business Partner in our Finance Department, you will
play a pivotal role in supporting the company's financial objectives and driving
business growth. Working closely with cross-functional teams, you will provide
strategic financial guidance, insightful analysis, and actionable recommendations
to senior management.
Key Responsibilities :
Gross Margin Analysis
Lead the analysis of gross margin performance by product category, SKU, and
sales channel. Identify factors impacting gross margin, including pricing, cost of
goods sold, promotions, and markdowns. Provide actionable recommendations to
optimise gross margin and mitigate margin erosion risks.
Pricing Strategy
Partner with Merchandising, Ecommerce, and Marketing teams to develop and
implement pricing strategies that balance profitability with market
competitiveness. Conduct pricing elasticity analysis, competitive benchmarking,
and promotional impact assessments to inform pricing decisions.
Product Assortment Optimization
Collaborate with Merchandising, Buying and Product Development teams to
optimise product assortment and mix based on gross margin objectives, customer demand, and market trends. Evaluate the profitability of new product launches and assortments to maximize gross margin contribution.
Cost Management
Work closely with Production teams to manage product costs and optimise
sourcing strategies. Evaluate vendor contracts, production efficiencies, and supply
chain optimisation initiatives to reduce costs and improve gross margin.
Promotions and Markdown Management
Evaluate the financial impact of promotional activities, discounts, and markdowns
on gross margin. Develop strategies to minimize margin dilution while effectively
managing inventory levels and driving sales.
Financial Planning, Forecasting and Reporting
Lead the development of gross margin forecasts, budgets, and targets in
collaboration with the wider team. Monitor actual performance against targets,
analyse variances, and provide insights to support decision-making and course
corrections. Develop regular reporting (daily / weekly / monthly) to meet the
business requirements.
Requirements
* Strong commercial acumen
* Qualified accountant
* Previous experience in a similar role
* Previous ecommerce / retail experience
* Excellent Excel modelling skills
* Data driven approach
* Experience working in a fast-paced environment and implementing new ways of doing things
* Excellent communication skills at all levels
* Must take a hands-on role
* Proactive and positive attitude
* Previous experience of Microsoft Power BI and SQL would be an advantage
What's on offer?
* Competitive salary
* 50% discount on all Oh Polly and Bo+Tee
* Learning and development opportunities
* Corporate gym membership
* Cycle to work scheme
* 25 days annual leave + an extra day for your birthday!
* Flexible and hybrid working
* Company pension
This Company is an equal opportunities employer:
Oh Polly job positions are open to all suitably qualified candidates, regardless of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex or sexual orientation.