Financial analyst
The primary responsibility of the Financial Analyst is to monitor retail store inventory levels, review and establish reorder points, and assist with optimizing the store product selections
DUTIES:
- Analyze inventory at all locations (warehouses and retail stores) and be able to discuss and report on the following:
- Inventory by location, product group, and stock code level;
- Inventory turns by location, product group and stock code level;
- Slow moving or obsolete inventory;
- High velocity items; and
- Low stock items by location.
- Review inventory costing and other master data (including safety stock, forecasts, etc) for accuracy.
- Analyze inventory at all locations to ensure that high moving items are adequately stocked.
- Work with purchasing to properly model additional inventory requirements.
- Work in conjunction with store locations to resolve any inventory errors or discrepancies.
- Assist in the review of pricing models to ensure inventory is sold at appropriate gross margin.
- Specifically with respect to our retail store locations:
- Perform weekly review of store transfers to ensure that transfers were appropriately recorded and are appropriate.
- Make recommendations to enhance systems and procedures to ensure that the store transfer process is operating efficiently and effectively.
- Provide recommendations to the Merchandising Officer and Marketing Group regarding stock levels (including new items and promotions), clearance items, campaigns and pricing.
- Evaluate whether Store Managers are abiding by the company inventory procedures and guidelines.
- Assess on a store by store basis “slow-moving” inventory to determine which should be relocated, discounted or discontinued.
- Provide suggestions for higher velocity product to properly establish correct mix of items.
- In conjunction with the Manager of Retail Operations, review store leases, store schedules and assist in minimizing excess costs.
- Inventory control
- Assist in managing the annual physical counting procedures at the retail stores and sporadic reviews at the consignment locations
- Evaluate processes for transactions of inventory and make necessary improvements.
- Assist in development of cycle count program for the retail store locations
- Review inventory adjustments and write-offs
- Financial Analysis
- Review gross margin at stock, store and divisional levels and analyze unusual deviations from standards.
- Analyze and explain budget to actual variations as necessary.
- Other financial analysis as necessary.
Bachelor's Degree
SAP experience.
Advanced Excel skills.
Strong attention to detail.
A good problem solver with the ability to create solutions to challenges in an immediate manner.
Send resume and cover letter to Stephen Griffin at: sgriffin@watchpointpartners.com
