Commercial Finance Manager

3 weeks ago

Wirral, United Kingdom Oh Polly Full time

Founded in 2015, Oh Polly creates high-quality, innovative designs that are trend-driven, meeting our customers’ needs in an ever-evolving market without compromising on our global responsibility and ethical values. Our business model is social first, centred around our industry-leading Instagram and Facebook accounts. 2020 saw the launch of Bo+Tee, Oh Polly’s much-loved gym and activewear brand, followed by the launch of Swim in 2021, focusing solely on stylish swimwear. Fast forward to 2024 and we now have a combined following of over 8 million across the brands, selling products in almost every single country around the world. Operating via offices in Glasgow, Liverpool, London, Los Angeles, Dhaka and Guangzhou, the business has over 400 employees in the UK and 1500 directly employed worldwide. As we continue to expand our global presence, we are looking for talented, driven, and ambitious individuals to join the Oh Polly team Here, you can expect an environment to flourish, develop and take your career to the next level.

The Role:

In the Finance Department, we are going through an exciting period of growth and we need more people to help us achieve this. We have a fantastic opportunity to join the Finance team. Given the fast-paced nature and variety of the Finance department, there will never be a dull moment in the role.

As a Commercial Finance Manager – Gross Margin in our Finance Department, you will play a pivotal role in supporting the company's financial objectives and driving business growth. Working closely with cross-functional teams, you will provide strategic financial guidance, insightful analysis, and actionable recommendations to senior management.

Responsibilities:

Gross Margin Analysis

Lead the analysis of gross margin performance by product category, SKU, and sales channel. Identify factors impacting gross margin, including pricing, cost of goods sold, promotions, and markdowns. Provide actionable recommendations to optimise gross margin and mitigate margin erosion risks.

Pricing Strategy

Partner with Merchandising, Ecommerce, and Marketing teams to develop and implement pricing strategies that balance profitability with market competitiveness. Conduct pricing elasticity analysis, competitive benchmarking, and promotional impact assessments to inform pricing decisions.

Product Assortment Optimization

Collaborate with Merchandising and Product Development teams to optimise product assortment and mix based on gross margin objectives, customer demand, and market trends. Evaluate the profitability of new product launches and assortments to maximize gross margin contribution.

Cost Management

Work closely with Production teams to manage product costs and optimise sourcing strategies. Evaluate vendor negotiations, production efficiencies, and supply chain optimisation initiatives to reduce costs and improve gross margin.

Promotions and Markdown Management

Evaluate the financial impact of promotional activities, discounts, and markdowns on gross margin. Develop strategies to minimize margin dilution while effectively managing inventory levels and driving sales.

Lead the development of gross margin forecasts, budgets, and targets in collaboration with the wider team. Monitor actual performance against targets, analyse variances, and provide insights to support decision-making and course corrections.

Requirements:

  • Qualified accountant
  • Previous experience in a similar role
  • Strong commercial acumen
  • Experience working in a fast-paced environment and implementing new ways of doing things
  • Excellent communication skills at all levels
  • Must take a hands on role
  • Proactive and positive attitude
  • Previous experience of Microsoft Power BI and SQL would be an advantage
  • Company pension
  • Location - Bromborough, Wirral - 1 day WFH
  • Cycle to work scheme
  • 50% discount on all products
  • Extra day off for your birthday

This Company is an equal opportunities employer

Oh Polly job positions are open to all suitably qualified candidates, regardless of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex or sexual orientation.

Wirral Some of Our Perks & Benefits

We review our salaries regularly

Enhanced Holiday Entitlement

You deserve a break after all your hard work

Your Birthday Off 50% Discount on Company Products

By far our most popular benefit

Flexible Working Options

We want to make it work for you

Enhanced Company Pension

Your future is important

Helping to keep you healthy in body and mind

Enhanced Maternity/Paternity Leave Personal Development Plan Cycle to Work Scheme

Its good for you and your environment

Company Sick Pay

To help when you are not 100%

They really are lovely places to work

Employee Assistance Programme

Supporting physical and mental health

Employee Rewards Platform

To say thank you and give recognition

Workplace, Culture & Diversity

Our culture is diverse, creative and collaborative. Our teams are committed, ambitious and hard working. We offer an environment to flourish, develop and take your career to the next level.

All of our clothes are designed in the U.K and we are passionate about nurturing fresh and upcoming talent within the fashion industry – whether this is through working with the latest bloggers or spotting the next marketing guru in the making

We work with hundreds of women across the world, with 70% of global senior management positions in the UK and LA being held by women – a striking contrast to the majority of fashion brands globally. Furthermore, there is no gender pay gap among workers in the same roles, regardless of where they are based around the world.

We are currently experiencing phenomenal growth and there are many opportunities to join our fun and dynamic teams across the globe. Click on our current vacancies or contact our recruitment team, they would love to hear from you

About Oh Polly

Founded in 2015

Co-workers 400

Commercial Finance Manager

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