At a Glance
- Tasks: Support the UK Sales audit team in ensuring accurate financial reporting for Ralph Lauren stores.
- Company: Join a prestigious brand known for its commitment to quality and innovation.
- Benefits: Gain valuable experience in finance with opportunities for professional growth.
- Other info: Work in a collaborative environment with diverse partners and exciting projects.
- Why this job: Be part of a dynamic team that influences retail and ecommerce operations across Europe.
- Qualifications: Bachelor's degree in Finance/Accounting; experience in finance or audit preferred.
The predicted salary is between 35000 - 45000 £ per year.
The Retail Finance Operations Analyst is a member of the UK Sales audit team performing tasks for allocated Ralph Lauren stores and Ecommerce activities in Europe and responsible for ensuring that Sales, Cash/Credit card settlements and Accounts receivable are completely and accurately accounted for and reported in the financial reporting.
In this context, the Analyst partners with other team members to ensure that Sales and Cash/Credit card settlements are reconciled, and differences are investigated and resolved in a timely manner. The Analyst performs the accounting of Retail accounts receivables and is thus in charge of the completeness and accuracy of the financial reporting for that area, under both US GAAP and local EU statutory requirements.
The Analyst takes part in multiple projects as the Retail environment evolves constantly and as new stores open up, new payment methods are developed, new partnerships with payment providers are signed, etc. Given the nature of his/her role, he/she partners with numerous and diverse partners both internally (store managers, retail operations, IT, accounting, FP&A, P&D, etc.) and externally (banks, payment providers, cash handling companies, etc.) and is thus a key actor of the Retail / Ecommerce activities in Europe.
Essential Duties & Responsibilities
- Perform & be primary support to team members on month-end close activities for the areas of responsibilities: journal entries, balance sheet accounts reconciliations, analytical reviews, research etc.
- Coordinate the collection of documents and responses for both external and internal auditors.
- Perform/Support investigation & resolve issues between retail systems to ensure completeness and accuracy of Sales data recorded in the Financial.
- Utilize Trintech's ReconNet software to reconcile cash & credit cards between the POS, PSP Settlement, and Bank.
- Ensure daily Sales, credit card, PSP & Bank data is loaded into ReconNet, perform data integrity/completeness check, and resolve any differences.
- Review daily cash and credit card activity and research any variances.
- Investigate and resolve differences, escalate, and partner with UK team when needed.
- Report regularly to Manager and UK team regarding potential write-offs and partner with UK team members to resolve aged differences.
Experience, Skills & Knowledge
- Bachelor's degree or equal experience in Finance/Accounting/Business.
- Pursuing or completed CWA, CPA, CA, CMA, ACCA or similar qualification a plus.
- Minimum 2 full strategic cycles of related experience in Finance and/or audit/assurance.
- Advanced proficiency level in Microsoft Excel (macros, pivots, query, etc.).
- Experience with Trintech ReconNet, SAP and Island Pacific a strong plus.
- Fluency in English is mandatory.
- Excellent written and verbal communication skills.
- Strong attention to detail and analytical skills.
- Ability to work well both independently as well as within a team environment.
- Ability to adhere to tight deadlines and escalate issues timely.
- Must be able to maintain an exemplary degree of professionalism in all situations.
Ralph Lauren Financial Operations Analyst, Sales Audit in Watford employer: BoF Careers
Ralph Lauren is an exceptional employer that fosters a collaborative and dynamic work environment, particularly for the Financial Operations Analyst role in the vibrant UK retail sector. Employees benefit from comprehensive professional development opportunities, a strong emphasis on teamwork, and the chance to engage with diverse partners across the retail landscape, all while contributing to the iconic brand's legacy. With a commitment to excellence and innovation, Ralph Lauren offers a rewarding career path for those seeking meaningful impact in finance and operations.
StudySmarter Expert Advice🤫
We think this is how you could land Ralph Lauren Financial Operations Analyst, Sales Audit in Watford
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like BoF Careers. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Ralph Lauren Financial Operations Analyst, Sales Audit in Watford
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BoF Careers.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BoF Careers's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BoF Careers
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BoF Careers.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BoF Careers will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BoF Careers employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
