Financial Controller
FTSE 100 Retailer
£70,000 - £85,000 + bonus & benefits
Hybrid 3 days office / 2 wfh pw
Central London
Responsibility:
Management Accounts Reporting:
- Manage team to prepare monthly accounts with commentary on a timely basis enabling department managers to make and review commercial decisions taken
- Investigate all material variances, proactively highlighting the impact these have on the business
- Work with sales channel owners to deliver value added analysis, insight into business performance and improvement to support in driving the group's profitability
- Work with merchandising to ensure stock is controlled and reported correctly
- Produce analytical commentary on monthly accounts for the Board of Directors
- Business partnering and support in order to assist in understanding of monthly management accounts and to increase accuracy
- Ensure key reconciliations are completed on a monthly basis (sales, margin, balance sheet, cash, etc.)
- Review all reconciliations performed by the team and lead investigations into any areas of uncertainty
- Ensure accuracy of the books (by nominal account and cost centre)
- Ensure strong controls are in place, in particular for stock, cash, A/P, A/R and payroll
Year End Process and Statutory Reporting:
- Work with retail operations to manage the year end stock take process
- Manage the interim and year end audit process
- Manage the year end process, producing full sets of UK statutory accounts for the group and various subsidiaries
Budgeting and Forecasting:
- Coordinate and prepare the annual budget and reforecasts including P&L, Balance Sheet and Cash Flow. This will involve planning the timetable, coordinating inputs from the business and taking responsibility for updating budget models.
- Prepare packs for the CFO and FD to explain budget variances. Contribute to board packs on all planning cycles.
- Analyse risks and opportunities in weekly sales and margin results compared to budget/forecast
- Assist with other forecasting needs within the business including scenario analysis, adding value in decision making, and building of financial models for business initiatives
- Build commercial models to aid decision making, eg around new stores or offering free delivery
Other Requirements
- Oversee production of other management reporting (e.g. daily sales, weekly sales and KPIs, other ad hoc analysis)
- Review all VAT and sales tax processes, including UK, EU and US.
- Ensure tax reconciliations are correct
About You:
- Qualified Accountant ACA - preferred but open to ACCA & CIMA
- Big 4 background - desirable but not essential
- Retail and E-Commerce Commercial experience (Essential)
- Stakeholder Management - Manage and influence stakeholders
- Franchise experience - highly desirable
- Multi-site and multi-departmental experience preferred
- Advanced Excel Skills
- Business Partnering - Cross functional experience, partnering to develop and align reporting, KPIs & analysis (Excellent)
- An expert communicator and confident explaining complicated models to non-finance people