Finance Business Partner (Retail)
Job title: Finance Business Partner (Retail)
Contract: Permanent
Location: Hybrid working model with a Central London office
About Pandora
The largest jewellery company in the world, we give a voice to millions of people’s loves every day. We sell three pieces of our hand-crafted jewellery every second and have the largest network in the industry, with almost 7,000 points of sale around the globe and a strong online business.
We pursue sustainability in everything we do and have set ambitious and measurable targets across every touchpoint of our business, from sourcing through to the materials we use and the marketing of our products.
Our People
Our global workforce is made up of over 26,000 passionate people who, in 2021, helped Pandora record the highest earnings to date, led by a refreshed long-term growth strategy. The pace of our progress has created an energising, ambitious culture, where we are empowered to be ourselves and equipped to deliver our very best. As we continue to grow, we also continue to invest in our talent. We’re looking for people who share our values and can help us bring our ambitions to life.
What to expect from the role
This role reports into the Commercial Finance Manager and business partners with Retail director and retail operations team. You will be assisting them to drive Retail business performance through accurate, reliable and insightful financial reporting and analysis, to aid commercial decision making with full support of a commercial finance analyst. Core finance routines include month end, forecasting and annual budgeting processes, flagging risks and opportunities and extracting accurate data to provide meaningful analysis.
- Business partner with Sales director and wider sales team to provide commercial finance insights and support
- Monitor and track OPEX spend including employee and property expenses which are substantial cost lines within the P&L
- Provide insightful, KPI focused monthly reporting to aid in commercial decision making for the owned and operated network (labour productivity, promo mix etc)
- Review weekly store KPI performance (footfall, ASP, UPT etc) and understand fluctuations in revenue against our Latest Estimate
- Analyse store level P&Ls and host review meetings with sales team to provide actionable insights
- Identify risks & opportunities in top line revenue and OPEX
- Monitor Wholesale partners Sell-in revenue forecast
- Manage and develop the commercial finance analyst focusing on both technical and soft skills
Budget/forecasting
- Work closely with the retail, property, FP&A and global teams to produce revenue and OPEX forecasts within agreed timelines
- Review and challenge retail sales, orders and promo KPI assumptions vs prior year/forecasts
- Variance analysis and commentary to ensure differences are explainable
- Take initiative to continuously improve and streamline the planning process
Month End Close
- Prepare month end journals for the Shared Service Centre (SSC)
- Investigate and challenge material cost variances with SSC before ledgers close
- Conduct month end reviews with FP&A manager and finance director (Calling out key messages/ drivers, variance analysis and implications to forecast/ budget)
What we are looking for
- Qualified (CIMA/ACCA)
- Previous experience in a commercial finance environment, preferably within Retail (multi-site experience would be highly advantageous)
- Strong excel skills (use of financial models, vlookup, sumifs, pivot tables etc)
- P&L management experience highly advantageous
- Solid analytical and data interpretation skills
- Effective communication skills (both written and verbal) with the ability to challenge when required and work well within all levels of the organisation
- Must be able to work to strict timelines
- Excellent at multiple stakeholder management
- Must be solution focused
- The candidate must thrive in a dynamic, changing and fast-paced environment
Why work with us?
We offer a number of unique benefits that make Pandora a great place to work:
- A highly competitive salary with regular salary reviews
- Generous bonus scheme
- Private Healthcare
- Early finish Fridays (weekends with Pandora start every Friday at 3pm!)
- 55% employee discount
- Free daily lunch credits
- 33 days holiday (including Bank Holidays)
- Buy/sell holiday options
- Celebrate your birthday with a day off to celebrate!
- Join our Employee Wellbeing Centre – including access to; Employee Assistance Programme, ‘Cycle to Work’ scheme, gym discounts and more . . .
- Winniperks - Our online benefits platform with plentiful retail, hospitality and entertainment discounts
- At Pandora we love a party! Especially at Christmas, when you will receive an extra special gift.
To submit your application, please click apply
If you require reasonable adjustments in place during your interview(s), please notify the recruiter ASAP during the recruitment process