Retail Finance Analyst

Posted 13 November 2024
Salary £40000 - £45000 per annum
LocationWest London
Job type Permanent
Discipline Consumer
ReferenceSVWPERM112024_1731496827
Contact NameShendl Van-Wyk

Job description

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 Commercial Finance. You will be a part of an established team, offered study support amongst other fantastic benefits and the chance to gain fantastic exposure. Please email your CV to shendl.van-wyk@investigo.co.uk

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
  • Updating analysis for the monthly board pack providing detailed commentary on key variances.
  • Highlighting any risks and opportunities.
  • Cashflow
  • 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.
  • Updating and maintaining complex models on store costs including store wage model.
  • Compiling budget/forecast summaries and communicating outcomes to senior management
  • Support the Retail Finance Manager to determine assumptions for budgets and forecasts.
  • Updating a rolling forecast to assess store profitability.
  • Preparing appropriate summaries to clearly communicate updated view 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
  • Working well under pressure and meeting various deadlines.
  • Able to work in 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 Fashion Retail environment, especially multi-site.
  • Experience using reporting systems (CODA and Cognos)