Finance Manager

Finance Manager | Fast Growth e-commerce Retail Brand

Permanent

Up to £70,000 + Bonus + Benefits

Hybrid working 2-3 days in office | West London

Are you looking for an exciting company, fantastic, fun office to walk into? Surrounded by talented people to work with? If you are an experienced Finance Manager with Inventory and stock background then this is for you! You will have the support to put all your experience and ideas to the business. Being a newly created role as the Inventory Finance Manager you will need to have that mindset of rolling sleeves up, enjoy digging deep and getting involved and be a great business partner and building brilliant relationships with all.

Our client needs someone who has the mindset and attitude to be part of an entrepreneurial business. Meaning the pace is there, you need to have the flexible mindset of things can change and being able to and happy to adapt with the flow!

The opportunity for internal growth is huge and the team are keen to not only have your knowledge to bring but also eager to keep learning and growing. They have their own DC nearby which will also be great for you to be part of all areas to ensure your area of inventory is great! Right now the US, UK, Europe and the rest of the world.

The role reports into the UK Financial Controller and has a strong degree of interaction with operational and commercial teams.

Who do you need to be?

• Oversee inventory accounting and valuation processes, ensuring accuracy and compliance with accounting framework.
• Analyse and report on inventory management within the business and its sales channels
• Provide assurance on inventory holdings and valuations within the business
• Provide financial support to reconcile system inventory to the accounts; improving the integrity of data related to inventory
• Build close working relationships with Production, Sales, Logistics, Merchandising in order to provide timely and reliable inventory reports and insights supported by robust valuations
• Lead projects to design and implement robust procedures and internal controls over inventory management and valuation
• Oversee and enhance stocktake processes ensuring that the process is well controlled.
• Communicate and follow up on opportunities and risks identified through the stocktakes
• Investigate and report on aged, obsolete or faulty inventory to ensure that they are appropriately costed and accounted for.
• Build methodology for inventory provision policy
• Lead projects for developing systems to ensure accuracy over tracking, recording and valuing of inventory
• Ensure all intercompany stock transfers are correctly recorded in all ledgers at suitable transfer prices
• Support the development of procedures and controls around inventory movement
• Clear out and audit inventory locations before implementation of new ERP system
• Support for monthly and year-end financial reporting needs
• Authorise intercompany invoices relating to inventory
• Investigation into ad hoc inventory movements
• Prepare analysis and support for annual statutory audit requirements. Liaise with auditors as required

Knowledge, Experience, Skills, and Behaviours

• Ideally ACA, CIMA or ACCA Qualified
• Experience of inventory processes and working within the finance function of a company that manage inventory. Ideally worked in a position directly related to inventory accounting, but will consider candidates who have worked in a related environment and can demonstrate a firm understanding of the principles.
• Understands fundamentals around inventory accounting including valuation, transfers, landed costs, stock reconciliations etc.
• Ability to critically evaluate existing processes, identifying areas for improvement, and recommending positive changes to process.
• Strong communication and interpersonal skills in order to build relationships with operational teams to identify and support their needs and obtain the information necessary to deliver a robust view of stock holdings and value
• Ability to work in an environment where not all processes are fully developed and documented, ability to understand from experience what needs to be done, and how it should be done best, without the need to follow existing processes in all cases.
• Able to stand alone without being closely managed and use initiative
• Strong Excel skills with experience of working with large data sets

BBBH29770