Wednesday, February 8, 2012

Position for Alum

Any accounting grads out there looking for a new job? Area company (RI) looking for a financial analyst.

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.
Job Requirements
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