Senior Finance Analyst - Stock

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Company Description

We're ASOS, the online retailer for fashion lovers all around the world.

We exist to give our customers the confidence to be whoever they want to be, and that goes for our people too. At ASOS, you're free to be your true self without judgement, and channel your creativity into a platform used by millions.

But how are we showing up? We're proud members of Inclusive Companies, are Disability Confident Committed and have signed the Business in the Community Race at Work Charter and we placed 8th in the Inclusive Top 50 Companies Employer list.

Everyone needs some help showing up as their best self. Let our Talent team know if you need any adjustments throughout the process in whatever way works best for you.

Job Description

Here at ASOS, working in Finance means working collaboratively with the business to deliver our mission. Simply put, the role of ASOS Finance is to build and protect business value. As a team, we enable ASOS to be its best self by:

• Driving long-term growth, profitability, and free cash flow
• Implementing brilliant processes and controls, levering lean, automation and data science
• Ensuring ASOS delivers its shorter-term goals
• Building a leading team and defining new ways of doing finance

We love people who are as passionate about our journey as we are, who have initiative and who embrace change. If this sounds like you, we'd like to hear from you!

What you'll be doing:

• Developing a detailed knowledge of the business stock operations including activities in the retail, warehousing and accounts payable teams
• Own accounting for stock financial entries in collaboration with trading finance, including ability to be able to take a detailed level of understanding on financial entries and display this into appropriate summary level for presentation to senior management
• Ownership for financial accounting of stock reconciliation (Warehouse vs Finance)
• Ownership for financial accounting of cost components included in stock including WAC and stock capitalisation
• Ownership for financial accounting of stock provisions in collaboration with Commercial Finance
• Ownership for financial accounting of stock GRNI in collaboration with Accounts Payable
• Accountable for the accuracy and appropriateness of all standard cost components in the Group's average weighted stock costs (AWC)
• Taking ownership for ensuring correct accounting treatment in accordance with IFRS accounting standards for stock, being pro-active to review current treatment and be able to provide guidance to the business as required
• Support in the testing on any warehouse Business change projects which impact the financial environment, including implementation of new warehouses, return centres etc.

Financial Control:

• Ownership across all Stock Balance Sheet reconciliations including preparation and continual value add
• Ensuring appropriate and robust financial control environment on all stock related areas
• Ensuring financial controls, processes and risks are fully documented for all stock related areas and regularly updated to meet the demands of a rapidly growing business. Providing analysis, identifying potential process and control weaknesses and recommendations to management as required
• Taking ownership of end-to-end stock lifecycle processes, including documentation, change impact assessment and requirements, and successful delivery of process changes including training support
• Assisting in the successful delivery of interim and year-end audit information for external auditors as well as ad hoc internal audits as required, ensuring all documents are delivered to an auditable standard and in line with agreed timeframes
• Assisting in other ad hoc projects as required by the Finance Manager to provide business insight and ensure that objectives and deadlines are met.

Key Relationships

Internal: Commercial Finance, Supply Chain, Accounts Payable, Finance Tech.

External: Auditors, Warehouse 3PLs

Qualifications

We'd love to meet someone with

• Qualified financial accountant (ACA/ACCA/Equivalent)
• Previous stock retail experience (desirable, not essential)
• Comprehensive understanding of IFRS accounting standards and practical application
• Experience of carrying out or providing information for external and internal audits
• Experience in producing high-quality analysis and reporting
• Experience of working with non-financial stakeholders across multiple business areas
• Experience of working with senior levels within a business and adopting a professional approach always

Additional Information

BeneFITS'

• Employee discount (hello ASOS discount!)
• ASOS Develops (personal development opportunities across the business)
• Employee sample sales
• Access to a huge range of LinkedIn learning materials
• 25 days paid annual leave + an extra celebration day for a special moment
• Discretionary bonus scheme
• Private medical care scheme
• Flexible benefits allowance - which you can choose to take as extra cash, or use towards other benefits

Why take our word for it? Search #InsideASOS on our socials to see what life at ASOS is like.