At a Glance
- Tasks: Support profitability by analyzing stock loss and driving cost-saving projects.
- Company: Join Musgrave, a family-owned leader in food innovation with a 140-year legacy.
- Benefits: Enjoy a hybrid work model, flexible hours, and opportunities for professional growth.
- Why this job: Make a real impact on communities while developing your financial skills in a dynamic environment.
- Qualifications: Qualified Accountant with at least 1 year of experience in a fast-paced commercial setting.
- Other info: Diverse candidates are encouraged to apply; accommodations available for interviews.
The predicted salary is between 36000 - 60000 £ per year.
Musgrave is one of Europe’s most successful family-owned businesses with a 140-year heritage in food and brand innovation, supporting communities across the island of Ireland and Spain.
Every day we feed one in three people in Ireland through 15 market leading food and beverage brands that include SuperValu, Centra, Frank and Honest and Musgrave Market Place.
We support thousands of retail and foodservice family businesses who live and work in the heart of the communities they serve.
We are committed to becoming the most trusted and sustainable business in Ireland and we are making changes across the company to make sure that happens. We want to make a positive impact on the world and we will support our suppliers and customers to make a difference too.
Role Purpose:
The main role of the Profitability Manager is to support the Company Owned Commercial Financial Controller enhancing the profitability of the stores. This will be achieved by supporting the Commercial Financial Controller in stock loss review, procurement projects and other cost saving projects.
Role Scope:
This role will act as a support to the Company Owned Commercial Financial Controller and Commercial Manager to drive the Company Owned business forward, as well providing value add support to financial and management reporting. The Company Owned Estate comprises 42 stores (as of 31st December 2024).
The Profitability Manager will be both office and field-based with specific requirement to attend stores on an ongoing basis in order to assist in driving the business forward by developing relationships with front line managers, developing appropriate performance measurement reports and ensuring clear and concise communication.
The Profitability Manager will have responsibility for an assistant accountant and they will support with all of the below job tasks.
Area of Responsibility: Key Projects
- The investigation and understanding of stock loss variances across the Company Owned estate.
- The review, benchmarking and budgeting of gross margin.
- Reviewing fuel margin on a daily basis with stores to ensure the maximisation of profit.
- The development and roll out of key procurement projects. This will include liaising with other Musgrave divisions to utilise existing contractual positions where possible.
- To contribute to the preparation of capital expenditure proposals for impending store refurbishments.
- The identification and execution of profit making opportunities.
- The ongoing development of payroll benchmarking in conjunction with Operations.
- Maintaining a contracts database and using this to identify opportunities for savings.
- Reviewing spend on goods not for resale areas to identify lowest cost savings.
- Contribute to business cases for potential new store acquisitions and the refurbishment of existing stores.
- Other projects and ad-hoc work as required.
Area of Responsibility: To develop and manage commerciality within the Company Owned estate
- Support Company Owned Finance Manager and Commercial Manager.
- Contribute to the development of reporting and financial assessment in the Company Owned estate that adds value and improves bottom line profit.
- Through financial assessment drive change in the Company Owned estate that demands improved performance and improved profitability.
- Lead out on Commercial Efficiency Projects such as Electronic Labels and Fuel Management Software.
- Develop appropriate analysis and reports to measure commercial performance.
Person Specification
Knowledge and Skills
Essential Qualifications & Experience
- Qualified Accountant with at least 1 year full membership of a professional body e.g. ACA / ACCA / CIMA.
- 2 years’ experience working in a fast paced commercial environment.
- Demonstrable evidence of preparing and presenting analysis to a high standard and to finance/non-finance people.
- Ability to demonstrate strong initiative and an achievement orientated approach to results.
- A self starter, highly motivated with a continuous improvement focus.
- A fast learner, open to new ideas and an ability to engage fully with all business operations.
- Strong communication and presentation skills.
- Excellent excel skills with experience of developing models using macros and other advanced techniques.
- Excellent interpersonal skills.
Desirable Qualifications & Experience
- Business Degree/diploma.
- Accounting experience in the Retail/Wholesale sector.
- Strong commercial experience, particularly in the preparation and presentation of reports and analysis.
- Experience of being involved in procurement projects and obtaining lowest cost solutions.
- Exposure to financial systems such as Oracle and NAV.
- Experience of Business Intelligence reporting tools such as Qlikview.
- Knowledge of the FMCG industry.
- People Management – ability to influence a professional team.
- Highly systems oriented and literate.
Musgrave is an equal opportunities employer.
We encourage applications from diverse candidates. If we can make any accommodations to enable you to be the best version of yourself during the interview, please let us know.
Musgrave operates a Work Smart hybrid working model where you can alternate your time between connecting and collaborating in the business and working remotely. Occasional business travel to other locations will also be required.
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Company Owned Profitability Manager employer: Musgrave Group
Contact Detail:
Musgrave Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Company Owned Profitability Manager
✨Tip Number 1
Familiarize yourself with Musgrave's brand portfolio and their approach to sustainability. Understanding their values and how they impact profitability will help you align your insights during discussions.
✨Tip Number 2
Prepare to discuss your experience with stock loss analysis and procurement projects. Be ready to share specific examples of how you've driven cost savings or improved margins in previous roles.
✨Tip Number 3
Highlight your proficiency in Excel, especially with advanced techniques like macros. Consider preparing a brief demonstration of your skills, as this role requires strong analytical capabilities.
✨Tip Number 4
Showcase your communication skills by preparing to explain complex financial concepts in simple terms. This will be crucial when presenting to both finance and non-finance stakeholders.
We think you need these skills to ace Company Owned Profitability Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Company Owned Profitability Manager position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in financial management, procurement projects, and commercial efficiency. Use specific examples that demonstrate your achievements in similar roles.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your passion for the food and beverage industry. Mention how you can contribute to Musgrave's commitment to sustainability and community support.
Showcase Your Skills: In your application, emphasize your strong communication and presentation skills, as well as your proficiency in Excel and financial systems. Provide examples of how you've used these skills to drive profitability in previous roles.
How to prepare for a job interview at Musgrave Group
✨Showcase Your Financial Acumen
As a Profitability Manager, you'll need to demonstrate your strong financial skills. Be prepared to discuss your experience with financial analysis, budgeting, and reporting. Highlight specific examples where your insights led to improved profitability.
✨Understand the FMCG Landscape
Familiarize yourself with the fast-moving consumer goods (FMCG) industry, especially in relation to Musgrave's operations. Discuss trends, challenges, and opportunities within the sector to show your knowledge and enthusiasm for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities. Prepare to discuss how you would handle stock loss variances or develop procurement strategies. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Demonstrate Strong Communication Skills
Since the role involves liaising with various stakeholders, emphasize your communication skills. Be ready to provide examples of how you've effectively presented complex financial information to both finance and non-finance audiences.