Retail Finance Business Partner- Internal Applicants only

2 weeks ago


Bury, Borough of Bury, United Kingdom JD Group Full time
Retail Business Partner - Finance

JD UK & Ireland

Reporting to:

Senior Retail Business Partner - Finance

Department:

Finance

Location:

JD Sports Fashion PLC, Edinburgh House, Hollinsbrook Way, Pilsworth, Bury, BL9 8RR

A key part of the team responsible for financial planning and management of sales, margin and employed staff costs across the JD UK & ROI store estate (c. 450 stores)

You will develop strong relationships with Retail and other areas of the business.

Key Duties/Responsibilities:

Responsibility for all sales, epos margin, and store staff costs including budgets, monthly reforecasts and actuals

Sales: work closely with the retail team, merchandising and senior finance team to set monthly targets which are stretching, but achievable.

  • Analysis of current trading and future impacts to help set the target
  • Understand and explain movements and impact of changes
  • Analytical approach to ensure sales targets consider and reflect the impact of key events (Easter / Eid / Xmas / Bank holidays / School holidays)
  • Oversee Daily sales reporting
  • Reconciliation of monthly sales to daily sales and investigation of variances

Margin: understand margin rate trends and liaise with merchandising team to refesh the plan as required

  • Analyse variances between actual and forecast margins and understand the drivers of these
  • Ensure finance forecast margins are in line with merchandising margins

Store wages & Staff Costs: main aim is to ensure that the budgeted cts ratio for store wages is achieved

  • Calculate core salary requirements for new stores
  • Challenge retail team on core salary increase requests for exisiting stores
  • Benchmark core salaries across similar sized stores
  • Review current wages model and analyse data to identify cost opportunities and potential improvements to the forecast and core calculation methods
  • Calculate holiday pay accrual requirements
  • Calculation of Lunar pay accruals
  • Analyse and understand variances between actual and forecast staff costs working with payroll and retail to resolve any issues identified.
  • Calculation and communication of quarterly retail bonus scheme ensuring high levels of accuracy, appropriate review and submission to payroll within required timescales
  • Manage 1 direct report
  • Ad hoc analysis to support the retail team and fellow team members

Skills/Experience/Knowledge needed:

  • CIMA / ACCA / ACA Qualified Accountant
  • Experience of management accounting essential.
  • Retail experience advantageous
  • Strong communication skills both written and verbal required.
  • Very strong analytical skills required in order to investigate, understand, and explain variances and overall business performance.
  • Ability to work under own initiative.
  • Strong time management skills and ability to prioritise workloads to meet deadlines.
  • Advanced Excel skills, Oracle, TM1 experience not essential but an advantage
  • Excellent attention to detail.
  • Ability to work under pressure and to tight deadlines
  • Positive, flexible, enthusiastic, and driven.


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