Property & Retail Financial Analyst

Ref: MON11943
Salary: Competitive
Department: Finance
Location: Notting Hill Village, London (W11)
Position type: Permanent
Hours / Duration: 37.5 hours per week

Our story began with one man and his vision; to bring vibrant, colourful, hand-crafted artisan clothes from faraway places to the markets of London. It is a journey that started on a hippy commune in Ibiza, 1970, and finished with an overland trip east, through Afghanistan and India. Now found in West London, we’re creating vibrant products, and sharing endless discovery.

We are looking for a Property & Retail Financial Analyst to assist the Finance Manager in reporting, budgeting and forcasting for UK Retail stores including accounting for store costs. This role will enable you to work with the Retail and Property team to drive profitability and manage the store cost base, and highlight to the Head of Commercial Finance and CFO, any opportunities and risks as well as identify approprirate actions to mitigate risks. 

What will you do as our Property & Retail Financial Analyst?

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.

Rolling forecast

  • 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.

Ad Hoc:

  • Supporting Finance Manager with general requests
  • Provision of Ad Hoc analysis and process improvements as required.

What will you need to succeed as a Property & Retail Financial Analyst?

  • 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.
  • Desired
  • Experience working within Fashion Retail environment, especially multi-site.
  • Experience using reporting systems (CODA and Cognos) 

What will we offer you in return?

  • Competitive salary with the ability to participate in the Company bonus scheme.
  • 23 days holiday with the option to purchase additional holiday through our salary sacrifice scheme
  • Bonus day off each year after 6 months service
  • A pension that you will automatically be enrolled in after 3 months
  • Life assurance (subject to participating in the pension scheme)
  • A flexible working approach
  • Early pay day Friday finish
  • A generous staff discount with up to 50% discount on our products
  • Interest free season ticket loans
  • Discounted gym membership at our on-campus gym
  • Additional discounts such as Westfield discount

If this all sounds great and you feel you are who we are looking for, let us know and apply today.

At Monsoon Accessorize we don’t focus only on what we do, we also care about how we do it. Our values and the way we behave are important to us.

We are committed to creating a diverse and inclusive workforce and an environment where we value and respect every individual's unique contribution, enabling all of our employees to thrive and achieve their full potential.

We want to attract the broadest range of talented people and are an equal opportunity employer. We welcome applications from individuals, regardless of age, gender, ethnicity, disability, sexual orientation, gender identity, socio-economic background, religion and/or belief. We will also consider flexible working requests for all roles, unless operational requirements prevent otherwise.

We provide reasonable accommodations as needed to people with disabilities to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us at careers@monsoon.co.uk to request discuss any specific requirements.

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