Financial Analyst - Inventory, Margin & Reporting

Job description

Relevant, masculine and British. Since 1893, Alfred Dunhill has been engineering unique and stylish luxuries for men. We seek people who have commitment and drive with a strong commercial focus, and will thrive in a creative environment that encourages innovative thinking.

HOW WILL YOU MAKE AN IMPACT?

Financial Analysis and Reporting:

• Prepare and distribute weekly retail margin reports, including insightful commentary on key trends and variances

• Perform monthly analysis on product margin performance by season, by product category simulation FX and region mix impact

• Simulate margin impact for new, large wholesale accounts and for different clearance plans

• Collaborate with the Merchandising team to provide ad hoc margin reporting and analysis as required

• Bi-annually analysis on mark down performance versus budget and versus prior year   

• Generate and maintain the monthly inventory coverage report, including regular updates to the underlying model as required

• Reporting on problematic stock, including analysis on monthly movements and updating the relevant models

• Maintain and update the high-discounted P&L tracker, providing accurate data on related sales, margins and EBIT

• Develop and maintain a bespoke WIP forecast margin model to support accurate financial planning

• Conduct ad hoc simulations related to stock provisions, freight, and duty costs

• Add Hoc analysis and reporting as required

Costing Run:

• Execute the monthly costing run, updating Declar costs with MAC (Moving Average Cost) to align with SAP product costs

• Identify and upload any missing costs into SAP to ensure complete and accurate costing information

• Cost new articles in Declar and submit the information to Group Accounting in a timely manner

• Conduct thorough checks of new MAC values and changes, ensuring a clear understanding of the underlying calculations

• Reporting on significant cost increases to the relevant stakeholders

Month-End Reconciliations:

• Perform monthly reconciliations of stock levels between SAP and the WMS

• Prepare and reconcile all inventory GL balance sheet accounts

• Conduct stock ageing analysis, identifying and investigating aged items in close collaboration with Logistics and Retail Operations

• Generate reports and analyse movements in 2nd/3rd choice stock, working closely with the Quality team

• Reconcile Sales, COGS, Margin, Capex, and Stock accounts for management reporting purposes within tight deadlines

• Reconcile OMM by nature and by entity and work with the local finance teams to understand the monthly costs

HOW WILL YOU EXPERIENCE SUCCESS WITH US?

• Fully Qualified Accountant

• Solid understanding and knowledge of accounting principles and procedures

• Experience in Inventory Accounting and Costing

• Previous experience of using SAP

• Strong organisational and planning skills, with the ability to manage multiple priorities effectively

• Attention to detail and a focus on accuracy in all tasks

• A collaborative team player with strong communication skills

• Inquisitive nature with a passion for continuous learning

WHAT MAKES OUR GROUP DIFFERENT?

Our true power does not lie in our similarities but in the rich diversity of our arts, cultures, and human skills, as well as our specific ability to foster untapped potential.

• We value freedom, collegiality, loyalty, and solidarity

• We foster empathy, curiosity, courage, humility, and integrity

• We care for the world we live in

YOUR JOURNEY WITH US:

We aim to provide a valuable recruitment process, allowing you to gain exposure to some key decision makers and influencing individuals:

• Initial screening call with Richemont Talent Team

• Interview with the Hiring Manager

• Interview with the HR Manager