Finance Manager (Inventory and CTM)

THE ROLE

We have an exciting new position available at our support centre in Weymouth for an Inventory and CTM Finance Manager. This hybrid role offers a fantastic opportunity for someone with the resilience and drive to make a significant impact, responsible for the preparation and delivery of budgeting and forecast information for CTM, as well as supporting stock budgeting.

Being part of the New Look Team means you get access to a great range of benefits & perks …

👗  You’ll *love* our generous staff discount – 40% off for you and a loved one, and 25% off for up to 12 friends and family members!

🛍    Get special access to hundreds of discounts from top retailers and gyms, along with free workout classes, on our rewards platform Runway.

💰   Plan for you retirement while you work with our contributory private pension scheme.

💰   We’re all about celebrating our success, so we have a profit-related bonus scheme..

🧸   Our family-friendly policies include enhanced maternity, paternity and adoption leave, and shared parental leave.

👩🏻‍⚕Receive quick access to consultations and treatments with our Healthcare cover, paid for by us.

✈     Big trip on the cards? Unlock extra leave with our buy more holiday scheme.

🎈    Celebrate YOU! Enjoy an extra paid day off on your birthday each year.

🚲    Do your bit for the environment and save money with our Cycle2Work scheme.

🚘    Driving in? There’s free on-site parking available for your convenience.

🥣    Running late? No worries, enjoy a free breakfast on us!

🍕    Grab a bite at our on-site café with special discounts for team members.

❤      We're proud to partner with the Retail Trust and Fashion & Textile Children's Trust

Please note – these benefits and perks are non-contractual and may be changed from time to time.

WHAT YOU’LL BE DOING

• Summarise and review stock system movements ensuring that all data is captured and stock fully reconciles back to the GL, investigating and resolving any discrepancies 
• Collation and posting of all stock movements by channel / entity / store into the GL  
• Ensure accurate accounting at period end for all stock and CTM related items 
• Collate and report all off system/third party stock including stock in transit, fabric, blanks, wholesale, concessions and marketplace. 
• Calculation of stock provisions in line with Group policy plus review of policy to ensure fit for purpose. 
• Ensure stock integrity by monitoring realignments and adjustments and resolving issues with the DC team. 
• Match cost of sales for franchise, concessions and wholesale/marketplace to the items invoiced. 
• Review duty recovery against payment to HMRC. 
• Preparation and review of monthly borrowing base calculation for asset-based lending. 
• Monthly reporting of CTM/Balance Sheets variances against forecast and last year, presenting results to FP&A, Group Accounting and finance heads of/Directors. 
• Preparation and delivery of budgeting/forecast and Risks/Opps information for CTM P&L/Cashflow, with clear communication to key BPs, Heads of and Directors of relevant areas. 
• Challenging spend and supporting cost saving/additional spend with key stakeholders within the area. 

WHO YOU ARE

Minimum level of education or qualifications 

• Recognised accounting qualification. (ACA, ACCA, CIMA etc) 

Essential skills/knowledge 

• Excellent problem-solving skills to de-mystify stock movements, CTM charges and variances providing insight and understanding the key drivers 
• Experience of reporting to tight deadlines and reporting to management. 
• Technical system abilities require the understanding of finance systems & integration with multiple data sources eg. databases, spreadsheets, other NL systems 
• Excellent communication and dialogue skills with colleagues at all levels of the business.  
• Excellent communication and presentation skills – required to present to a variety of senior stakeholders. 

Ideal skills/knowledge 

• Experience of the retail sector and stock accounting. 
• Experience of managing a team