Senior Finance Analyst - Stock Lifecycle

  • London, UK
  • Full-time

Company Description

ASOS is an online retailer for fashion-loving 20-somethings. Through market-leading web and app experiences and a selection of more than 850 brands, as well as own-brand clothing and accessories, ASOS serves 24.5 million customers in 200 markets and in ten languages. We are led by our purpose, driven by our mission and guided by our values. Our purpose is to give you the confidence to be whoever you want to be and our mission is to become the world's number one destination for fashion-loving 20-somethings. Our values are authentic, brave, creative and disciplined.

Job Description

This role sits within the Financial Accounting team, reporting into the Finance Manager – Stock Lifecycle.  The role is primarily focused on supporting in the management of all aspects of Stock Lifecycle. This role interfaces with other areas of Finance, including Accounts Payable, Tech, Tax and Commercial Finance and the wider business, in particular Retail and Logistics.

Stock Lifecycle incorporates but is not limited to: valuation, provisioning, stock counts, lost in transit, stock write offs, warehouse price/quality differences, jobber stock, raw materials, return to supplier, goods received not invoiced, inter-warehouse processes. As processes and the business evolve, the remit of Stock Lifecycle may change, and we are looking for someone who is interested in the Stock Lifecycle area and taking this forward.

Here at ASOS, working in Finance means working collaboratively with the business to deliver our mission. Simply put, the role of ASOS Finance is to build and protect business value. As a team, we enable ASOS to be its best self by:

  • Driving long-term growth, profitability, and free cash flow
  • Implementing brilliant processes and controls, levering lean, automation and data science
  • Ensuring ASOS delivers its shorter-term goals
  • Building a leading team and defining new ways of doing finance

We love people who are as passionate about our journey as we are, who have initiative and who embrace change. If this sounds like you, we'd like to hear from you and your experience for the role of Senior Finance Analyst -Stock Lifestyle.

What you'll be doing...

Financial Accounting:

  • Developing a detailed knowledge of the business stock operations including activities in the retail, warehousing and accounts payable teams
  • Own accounting for stock financial entries in collaboration with trading finance, including ability to be able to take a detailed level of understanding on financial entries and display this into appropriate summary level for presentation to senior management
  • Taking ownership for financial accounting of stock GRNI in collaboration with trading finance, working closely with Accounts Payable team to understand stock entries and advise on provisioning
  • Accountable for the accuracy and appropriateness of all standard cost components in the Group's average weighted stock costs (AWC) on a periodic basis
  • Taking ownership for ensuring correct accounting treatment in accordance with IFRS accounting standards for stock, being pro-active to review current treatment and be able to provide guidance to the business as required
  • Own reporting, analysis and challenge on all stock lines for Actuals across both P&L stock losses and Balance Sheet accounts, including supporting in monthly challenge sessions
  • Support in the testing, in collaboration with Fin C&T, on any warehouse changes which impact the financial environment, including implementation of new warehouses, return centres etc.

Financial Control:

  • Ensuring appropriate and robust financial control environment on all stock related areas, spanning from the posting of journals to assisting with supporting documentation for the external audit
  • Ensuring financial controls, processes and risks are fully documented for all stock related areas and regularly updated to meet the demands of a rapidly growing business. Providing analysis, identifying potential process and control weaknesses and recommendations to management as required
  • Taking ownership of end-to-end stock lifecycle processes, including documentation, change impact assessment and requirements, and successful delivery of process changes including training support
  • Support in the review, challenge and continuous improvement of robust and accurate P&L and balance sheet accounting for all stock related accounts to ensure accuracy of the financials, including coordination and resolution of any issues with relevant functions
  • Assisting in collaboration with Trading Finance in the successful delivery of interim and year-end audit information for external auditors as well as ad hoc internal audits as required, ensuring all documents are delivered to an auditable standard and in line with agreed timeframes
  • Ensuring appropriate financial controls and KPIs around the wholesale business and that invoices are raised and settled in a timely manner.
  • Assisting in other ad hoc projects as required by the Finance Manager – Stock Lifecycle to provide business insight and ensure that objectives and deadlines are met

Team Management:

  • Support the Stock Lifecycle team in the delivery of objectives aligned with both Finance and ASOS goals, including excellent stakeholder management both internal and external to Finance
  • Providing coaching to 2 junior team members, creating a supportive learning environment in which talent flourishes
  • Support the team on a day-to-day basis to ensure all deadlines are met and pro-active with challenging the status quo of these tasks

Qualifications

Experience

  • Qualified financial accountant (ACA/ACCA/Equivalent)
  • Previous stock retail experience (desirable, not essential)
  • Comprehensive understanding of IFRS accounting standards and practical application
  • Experience of carrying out or providing information for external and internal audits
  • Experience in producing high-quality analysis and reporting
  • Experience of working with non-financial stakeholders across multiple business areas
  • Experience of working with senior levels within a business and adopting a professional approach always

Skills

  • Team player who works for the success of the wider team
  • Ability to work in a fast-paced environment, adapt to change and deal with high volumes of information
  • Flexible with the ability to identify opportunities and implement practical solutions
  • Excellent written and oral communication skills
  • Excellent time management and organisational skills
  • Disciplined approach to production and documentation of work
  • Strong leadership and team development
  • Strong stakeholder management capability

Additional Information

  • Competitive salary, bonus, pension, and private medical care scheme
  • Performance related bonus
  • Flex benefits allowance - which you can chose to take as extra cash, or use towards other benefits
  • 25 days paid annual leave + an extra day for your birthday
  • Employee discount (hello ASOS discount!)
  • Tech Develops - our internal tech focussed skills development programme to focus on your personal growth as a technologist
  • Opportunity to represent ASOS at industry leading events
  • Opportunity to help shape and drive our DE&I initiatives in Tech (like our WIT movement and Diversity mentoring in Tech)
  • Opportunity to make an impact from day one and work with the latest in cutting edge of technology

We want our people to be whoever they want to be. That’s why we’re committed to creating a truly inclusive culture at ASOS, but how’re we doing it?

Through our Fashion with Integrity strategy we are driving diversity, equity and inclusion across every aspect of ASOS and ensuring every ASOSer can be their authentic self at work.  We want our people to be whoever they want to be, because we believe people who bring their best selves to work, do their best work.  

We’re proud members of Inclusive Companies, are Disability Confident Committed and have signed the Business in the Community Race at Work Charter. We’ve also recently been placed 8th  in the Inclusive Top 50 Companies Employer List too.

There are safe space employee networks and we host a monthly DEI events series to help support and celebrate all of our people. We are constantly listening to our people, evolving, changing and taking a flexible approach to how we make ASOS truly inclusive.

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