Financial Controller - Global Luxury Retailer (SME)

Wayman Group; London; On-site; GBP 65,000 - 85,000; Full time

Job summary

A leading global luxury retailer is seeking a Financial Controller to manage financial operations and reporting. This role involves overseeing finance teams, preparing management accounts, and ensuring compliance with financial regulations. The ideal candidate is a qualified accountant with strong analytical skills and experience in a commercial environment. This position offers a competitive salary and benefits.

Qualifications

• 3 years Management Reporting experience required.
• Experience in wholesale/retail/manufacturing preferred.

Responsibilities

• Manage day-to-day finance activities and oversee the finance team.
• Prepare monthly consolidated management accounts and forecasts.
• Lead implementation of new reporting systems.

Skills

Management Reporting

Commercial Acumen

Data Analysis

Stakeholder Management

Education

Qualified Accountant (CIMA/ACCA/ACA)

Tools

Microsoft Software

Finance and Reporting Software

Job description

Role: Financial Controller – Global Luxury Retailer (SME)

Location: Central London

The Role: This opportunity is working for a well-established and successful Global Luxury Retailer with a brilliant brand in the sector and a very exciting strategy for the future. The business has a loyal and expanding customer base which operates through multichannel sales distribution, through its well-known flagship stores, global website, and stocked in many wholesale customer outlets globally. As a crucial member of the Finance team, reporting into the CFO you will be responsible for maintaining all necessary day-to-day financial controls, systems and processes to ensure the efficient and effective management of the Group's finances and compliance with statutory requirements. The main objective of the role is to analyse and report on financial performance, including sales and margin analysis, support in the development of reporting systems, dashboards and KPIs, and to ensure all stakeholders can fully rely upon the financial information provided. This is an exciting and challenging role that comes with a very competitive salary, benefits, and a generous bonus scheme.

Roles and Responsibilities:

• Management of the day-to-day activities of the finance function and oversee the finance team
• Preparation of the monthly consolidated management accounts, including Profit and Loss, Balance Sheet and Cashflow reports adhering to set deadlines
• To work with the finance teams in the UK and Europe and act as a mentor to provide assistance and advice where required
• Periodically review departmental profit and loss reports with relevant managers, and provide additional analysis and information to support departmental decision making
• Preparation of weekly group cashflow forecasts and assist with managing group cash requirements and foreign exchange
• Support in the preparation of annual budgets and business forecasts, including P&L, Balance Sheets and Cashflow
• Oversee the preparation of weekly and monthly sales and orders reports
• To ensure all relevant journal entries, accruals, prepayments, fixed assets, and all other balance reconciliations are processed
• Oversee the preparation of monthly inventory reports, and oversee all stocktaking activities, including all retail stores, the factory and distribution centre, to ensure the valuations are a true reflection of the inventory in hand
• Analysis of inventory margins to maximise profitability
• Work with the manufacturing team to analyse all production costs, agree standard costs and update periodically to ensure that gross profit is maintained
• Liaise with the product development and design team to prepare indicative costs of new product designs to ensure that they are within the agreed pricing structure to ensure adequate profitability
• Preparation of year-end Financial Accounts and liaison with Auditors
• Assist the CFO in financial modelling and analysis, including budgets, forecasts and cash flow
• Preparation of monthly and quarterly statutory returns
• Implementation of and maintenance of robust internal control systems across the organisation by identifying problems, improving practices and writing new procedures
• Lead the implementation of new systems to provide enhanced reporting and analysis for the business, including BI group reporting tools

Requirements:

• Qualified accountant (CIMA/ACCA/ACA) with three years Management Reporting experience
• Experience of working in a commercial environment, ideally wholesale / retail / manufacturing
• Strong commercial acumen with a focus on driving excellent financial and commercial performance
• Proven experience of analysing and interpreting data, with the ability of summarising key points and making recommendations
• Ability to manage and prioritise workload whilst maintaining a strong relationship with key stakeholders
• Highly skilled in Microsoft software, with experience in using finance and reporting software

Company Information

Wayman Finance is a specialist recruitment agency with over 20 years’ experience within the Finance field. We’ve worked hard to establish our reputation with our clients as one of the most reliable Finance and Accounting agencies in London through our core values of honesty and customer excellence.

Application

To be considered for this Financial Controller position please forward a CV as soon as possible.