The White Company
Financial Accountant – Stock
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Our Role
The role of the Financial Accountant – Stock has responsibility for the reconciliation, accounting and reporting of all stock movements across the business. Reporting to the Financial Accounting Manager for Finance Operations, the role works closely with the Supply Chain, Merchandising, Buying, Warehouse, Loss Prevention, IT and Retail Operations to analyse and report on the financials on several “other margin” P&L lines and will be responsible for the preparation of the Budget and Reforecast for these cost lines. The role is a mix of financial accounting and management accounting/business partnering, making it an ideal role for someone to gain experience of both areas.
What you’ll be doing
The Financial Accountant - Stock will be responsible for:
- Preparation and analysis of stock-related reports and daily reconciliation of stock holdings across the Warehouse Management System and the core accounting system (Microsoft D365), providing insights and identifying trends or recurring issues and working with operational teams to understand the causes of stock variances, supporting the resolution of identified issues
- Preparation of period-end monthly management accounts for “other margin” cost lines including (but not limited to): stock-losses and adjustments, stock-takes and other margin adjustments, providing insight and analysis on any material variances
- Monthly preparation of all Stock Balance Sheet account reconciliations across all legal entities, highlighting and investigating any material variances. These includes (but is not limited to): Stock, Stock Adjustments, Goods Received Not Invoiced, Commission and Packaging.
- Ensuring accurate stock valuation, including cost elements related to commission and packaging, investigating any anomalies or variances
- Monthly review of stock holdings for high value stock, negative stock, aged stock in transit and aged GRNI transactions
- Production of monthly management reports for the wider Finance, Loss Prevention and Warehouse teams providing value added analysis on stock losses and using financial data to support decision-making to improve stock integrity in the DC and our Stores
- Support the Loss Prevention Team with the Store Stock-takes and the Head Office stock borrowing processes
- Responding to year-end audit requests for Stock, including year-on-year analysis on stockholdings, calculation of the goods-in-transit and the obsolete stock provisions, and providing supporting documentation for auditors
- Responsible for the production of the Budget and Reforecasts for the stock-related “other margin” P&L cost lines, working closely with other teams for example Loss Prevention and the Warehouse to understand opportunities and support initiatives to reduce stock-losses across the business
- Responding to ongoing ad-hoc analysis of any stock/other margin related movements
- Ongoing review and ownership of the controls around the processes and accounting for stock, using advancements in technology and suggesting practical improvements where appropriate
- Other ad-hoc requests
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The Skills & Experience That You’ll Need
- Studying towards a CIMA/ACCA qualification
- Good understanding of stock accounting, balance sheet reconciliations, accruals, provisions, cost of sales and gross margin
- Excellent excel skills with the ability to easily manipulate large volumes of data under time pressure
- Strong communication and business partnering skills are essential to build strong relationships with Supply Chain, Merchandising, Buying, Warehouse Management Team, Loss Prevention and Retail Operations
- Excellent analytical and problem-solving skills, with the ability to investigate stock variances, identify root causes and drive resolution
- Good attention to detail and strong organisational skills
- Experience with Microsoft D365 preferable
- Stock Accounting experience in a retail environment preferable
What we’ll offer you
At The White Company, we value our employees for always going the extra mile for every one of our customers; we reward this with great benefits and competitive salaries.
- Discount - Up to 50% discount and access to regular Sample Sales
- Holiday - 25 days rising to 28 with length of service
- Holiday Buy – opportunity to buy up to 5 days holiday
- Pension Scheme - enrolled in our Group Personal Pension schemes upon joining the business.
- 20% Bonus Potential - In addition to our competitive salaries, all our employees are entitled to join a discretionary bonus scheme (based on policy eligibility)
- Wagestream Money Management app - access to Wagestream gives you power over your pay and supports financial wellbeing
- Continued Development – We offer structured support from our own in-house Learning and Development Hub
- Salary Sacrifice scheme for Electric vehicles (dependent on grade and meeting policy eligibility)
- Private Medical (based on contract duration)
- Life Assurance
- White City House (Soho House Group) Tenants Membership at a discounted rate, offering access to facilities in the House
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Additional Benefits
- Fruit basket daily
- Tea and coffee provided
- Working from Home - option to work from home on Mondays and Fridays
- Social - Christmas party/social events throughout the year
- Seasonal Sample Sales
- Volunteer Day - with a charity of your choice
- Great Location - Close to transport links - over ground Shepherds Bush station /underground White City & Wood Lane stations. Westfield shopping centre with shops restaurants/bars/cinema and gyms
Our Equality Diversity and Inclusion statement of commitment
At The White Company we are committed to creating an inclusive culture that welcomes and celebrates a diversity of backgrounds and identities.
We are working together to ensure our environment is one where people can bring their authentic selves to work, where their contribution is valued, ability enhanced, and perspective appreciated. Where difference is respected, encouraged, and celebrated. Where you can feel you belong.
We are committed to an active Equality Diversity and Inclusion Policy, which starts with our recruitment and selection process.
We'd love you to join us on our journey.
Our Sustainability statement of commitment
We are committed to building a sustainable legacy that will enable a brighter future for people and our planet. We believe this should be reflected in everything we do.
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