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- Tasks: Join us as a Financial Controller, shaping our financial strategy and managing key reports.
- Company: Be part of a dynamic retail brand with a unique British identity, expanding in the UK and US.
- Benefits: Enjoy a hands-on role with significant influence and growth opportunities in a collaborative environment.
- Why this job: This is your chance to impact a growing brand while working closely with senior management.
- Qualifications: We seek qualified accountants (ACA, ACCA, CIMA) or those with relevant experience in retail.
- Other info: You'll be the first finance hire, making this a pivotal role in our journey.
The predicted salary is between 43200 - 72000 £ per year.
Our client is a growth stage retail and apparel brand with a distinct British identity, with sales across UK & US.
They have grown organically and via strategic collaborations, and are looking for a financial controller to support their continued growth. This will be a hands on and heavily influential role that will cover key areas including: report building to provide strategic insights, financial controls, general financial administration and bookkeeping duties, and managing the external accountant relationships.
This will be the first hire into finance and work closely with senior management.
Key responsibilities:
Report building:
- Annual Budget Development: Work with the leadership team to develop the annual budget for sales and margins.
- P&L Build & Management: Build and maintain the company’s Profit & Loss statement, tracking spend versus budget across various areas such as sampling, couriers, travel, etc.
- Stock Management: Provide real-time data on stock spend, stock holding, stock in transit, and stock on order, ensuring clarity on all current and future payables related to inventory.
Accounts management:
- To include accounts payable/receivable, managing relationships with external suppliers,
- Payroll, VAT returns and all companies house filings.
- Managing relationship with external accountants, who currently prepare management accounts and provide financial modelling. Liaise with accountants on cash flow management, liquidity, and financial projections.
Qualification and skills:
- Qualified accountant (ACA, ACCA or CIMA). Candidates who are 'qualified by experience' will also be considered.
- Experience in a retail and apparel environment is essential.
- Strong working knowledge of working with stock and inventory.
- Experience in working in an entrepreneurial environment.
Financial Controller - Retail & Apparel employer: Finrox Recruitment
Contact Detail:
Finrox Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Controller - Retail & Apparel
✨Tip Number 1
Familiarize yourself with the retail and apparel industry. Understanding the specific financial challenges and trends in this sector will help you speak confidently about how you can contribute to the company's growth.
✨Tip Number 2
Network with professionals in the retail finance space. Attend industry events or join relevant online forums to connect with others who can provide insights or even referrals for the role.
✨Tip Number 3
Prepare to discuss your experience with stock management in detail. Be ready to share specific examples of how you've successfully managed inventory and contributed to financial controls in previous roles.
✨Tip Number 4
Research the company’s recent collaborations and growth strategies. Being knowledgeable about their business model and how you can support their financial objectives will set you apart during discussions with senior management.
We think you need these skills to ace Financial Controller - Retail & Apparel
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities of the Financial Controller position. Highlight your relevant experience in report building, financial controls, and managing external accountant relationships.
Tailor Your CV: Customize your CV to reflect your qualifications as a qualified accountant (ACA, ACCA, or CIMA) and emphasize your experience in retail and apparel. Include specific examples of how you've managed budgets, P&L statements, and stock management.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the retail and apparel industry. Discuss your entrepreneurial experience and how it aligns with the company's growth stage. Be sure to mention your hands-on approach and ability to work closely with senior management.
Highlight Relevant Skills: In your application, make sure to highlight your strong working knowledge of stock and inventory management, as well as your experience in accounts management, payroll, and VAT returns. This will demonstrate your suitability for the role.
How to prepare for a job interview at Finrox Recruitment
✨Showcase Your Financial Acumen
Be prepared to discuss your experience with financial controls and report building. Highlight specific examples where you've provided strategic insights that influenced decision-making in previous roles.
✨Demonstrate Industry Knowledge
Since the role is within the retail and apparel sector, familiarize yourself with current trends and challenges in this industry. Discuss how your background aligns with the company's distinct British identity and growth strategy.
✨Emphasize Relationship Management Skills
The position involves managing relationships with external accountants and suppliers. Be ready to share examples of how you've successfully built and maintained professional relationships in your past roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, especially related to stock management and financial projections. Think of scenarios where you had to make critical decisions based on financial data and be ready to explain your thought process.
