Inventory And Ctm Finance Manager

NEW LOOK; Weymouth; On-site; GBP 35,000 - 55,000; Full time

Job summary

An established industry player is seeking an Inventory and CTM Finance Manager to join their dynamic team in Weymouth. This hybrid role offers the chance to make a significant impact by managing budgeting and forecasting for CTM, while ensuring accuracy in stock accounting. With a focus on problem-solving and excellent communication, you will collaborate with various stakeholders to drive financial performance. Join a company that values inclusion, diversity, and personal development, providing a supportive environment where your contributions can truly make a difference in the retail sector.

Benefits

40% staff discount

Access to discounts from retailers and gyms

Contributory private pension scheme

Profit-related bonus scheme

Enhanced parental leave

Healthcare cover

Extra holiday scheme

Birthday day off

Cycle2Work scheme

Free on-site parking

Qualifications

• Recognised accounting qualification required.
• Excellent problem-solving and communication skills needed.

Responsibilities

• Summarise stock movements and ensure data reconciliation.
• Prepare and deliver budgeting and forecasting information.
• Report variances against forecasts and communicate results.

Skills

Problem-solving skills

Technical system abilities

Excellent communication skills

Experience with reporting

Education

Recognised accounting qualification (ACA, ACCA, CIMA)

Tools

Finance systems

Databases

Spreadsheets

Job description

We're the feel-good fashion brand making style accessible and fun for over 55 years, on our website, mobile app and over 300 stores in the UK. By living our values - we play to win, customer obsessed, we are one and it starts with me - we deliver That New Look Feeling for our customers and each other.

THE ROLE

We have an exciting new position available at our support centre in Weymouth for an Inventory and CTM Finance Manager. This hybrid role offers a fantastic opportunity for someone with the resilience and drive to make a significant impact, responsible for the preparation and delivery of budgeting and forecast information for CTM, as well as supporting stock budgeting.

Being part of the New Look Team means you get access to a great range of benefits & perks:

• Generous staff discount - 40% off for you and a loved one, and 25% off for up to 12 friends and family members.
• Special access to hundreds of discounts from top retailers and gyms, along with free workout classes, on our rewards platform Runway.
• Contributory private pension scheme.
• Profit-related bonus scheme.
• Enhanced maternity, paternity and adoption leave, and shared parental leave.
• Healthcare cover, paid for by us.
• Extra leave with our buy more holiday scheme.
• Extra paid day off on your birthday each year.
• Cycle2Work scheme.
• Free on-site parking.
• Free breakfast when running late.
• On-site café with discounts for team members.

Please note - these benefits and perks are non-contractual and may be changed from time to time.

WHAT YOU'LL BE DOING

• Summarise and review stock system movements ensuring that all data is captured and stock fully reconciles back to the GL, investigating and resolving any discrepancies.
• Collation and posting of all stock movements by channel/entity/store into the GL.
• Ensure accurate accounting at period end for all stock and CTM related items.
• Collate and report all off system/third party stock including stock in transit, fabric, blanks, wholesale, concessions and marketplace.
• Calculation of stock provisions in line with Group policy plus review of policy to ensure fit for purpose.
• Ensure stock integrity by monitoring realignments and adjustments and resolving issues with the DC team.
• Match cost of sales for franchise, concessions and wholesale/marketplace to the items invoiced.
• Review duty recovery against payment to HMRC.
• Preparation and review of monthly borrowing base calculation for asset-based lending.
• Monthly reporting of CTM/Balance Sheets variances against forecast and last year, presenting results to FP&A, Group Accounting and finance heads of/Directors.
• Preparation and delivery of budgeting/forecast and Risks/Opps information for CTM P&L/Cashflow, with clear communication to key BPs, Heads of and Directors of relevant areas.
• Challenging spend and supporting cost saving/additional spend with key stakeholders within the area.

WHO YOU ARE

Minimum level of education or qualifications

• Recognised accounting qualification. (ACA, ACCA, CIMA etc)

Essential skills/knowledge

• Excellent problem-solving skills to de-mystify stock movements, CTM charges and variances providing insight and understanding the key drivers.
• Experience of reporting to tight deadlines and reporting to management.
• Technical system abilities require the understanding of finance systems & integration with multiple data sources eg. databases, spreadsheets, other NL systems.
• Excellent communication and dialogue skills with colleagues at all levels of the business.
• Excellent communication and presentation skills - required to present to a variety of senior stakeholders.

Ideal skills/knowledge

• Experience of the retail sector and stock accounting.
• Experience of managing a team.

Why New Look?

We care about you and the planet and believe fashion should be a force for positive change. We celebrate inclusion and diversity in everything we do. We're proud of our inclusive culture and our talented team members who embrace our shared purpose, behaviours and values.

We prioritise development, offering training to support your progression, so you can be your absolute best and achieve your goals.

We pride ourselves on being a flexible employer, our colleagues work a range of patterns. If you have a specific pattern in mind, we're keen to discuss this with you in line with the output needed for the role.

Please ensure that your CV is in simple format e.g. Microsoft Word when applying using your CV to ensure smooth application process.