Senior Finance Manager (Stock)

Senior Finance Manager for stock, required for our client, a FTSE 250 retailer based in West London.

This is a very commercial role, where you will be partnering with the Buying and Stock teams, where you will have responsibility for £5bn worth of stock working capital.

You will support the Executive Board and finance community with the provision of financial analysis and insight on stock and cash flow across both the business. You will also promote ways in which the business can improve its working capital whether through trading initiatives, supplier agreements or stock-holding as well as champion and educate on the importance of the net debt KPI and ensure it becomes more of a focus across the business.

Key skills:

• Strong academics and be a Qualified Accountant (ACA / ACCA / CIMA or equivalent), with post-qualification experienced gained within a commercial organisation
• Experience within a large retail/FMCG Organisation
• Intermediate understanding of stock procurement process
• Excellent track record at business partnering directors and influencing senior leadership throughout the organisation

Role will include:

• Ownership of Stock line within working capital (circa. £5bn per annum)
• Responsible for providing the UK exec with management reporting on the cash and working capital.
• Ownership of forecasting cash receipts from supplier payments.
• Responsible for managing all inventory control related activities.
• Implementation and management of stock controls to minimise holdings and maximise profitability.
• Deliver process improvement to standardise processes across the brands and the various areas
• Own provision accounting of stock and ensure provisions are valid and up to date but also working with the business to minimise as much as possible
• Identify risks and opportunities and mitigate where required
• Analysis of profit, cash and stock implications of commercial propositions
• Work closely with the shared service centres and other accounting & control teams to ensure the operations are efficient and financial results well controlled

For more information, please contact Amel Steel on 020 3862 2800 /