At a Glance
- Tasks: Lead the accounting for payments and manage financial analysis at Selfridges.
- Company: Selfridges is a renowned retail giant with over £1 billion in annual sales.
- Benefits: Enjoy a dynamic work environment, opportunities for growth, and a chance to impact retail finance.
- Why this job: Join a senior finance team, work on exciting projects, and enhance your skills in a fast-paced setting.
- Qualifications: Qualified Accountant (ACA or equivalent) with strong analytical and Excel skills required.
- Other info: This is a 17-month fixed-term contract based in Leicester.
The predicted salary is between 36000 - 60000 £ per year.
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A Bit About The Role
Selfridges has sales of over £1b a year which are received through a variety of payment channels.
Job Introduction
A Bit About The Role
Selfridges has sales of over £1b a year which are received through a variety of payment channels.
The Finance Manager – Payments takes a lead role in delivering and improving the accounting for these payments and their associated costs.
As a Finance Manager You Will
- Deliver the reconciliation of sales to receipts from payment suppliers; ensuring that all sales are backed by cash, that fx, chargebacks and refunds are correctly accounted for, and that our payment suppliers are remitting cash in line with their contracts.
- Deliver the accounting for payment related costs; producing budgets and forecasts, accounting for actual costs each month, and providing commentary on trends and variances.
- Manage and develop a Finance Analyst.
- Work on the year-end financial accounts and audit, both specifically in relation to payments and more generally contributing to the year-end process as a senior member of the finance team.
- Work on payment related projects across the business, for instance establishing the accounting for new payment methods, or helping to on-board concession partners with non-standard payment processes.
- Work with the Financial Controller, other teams, and external consultants, to improve the efficiency and effectiveness of Selfridges’ payment processes.
- Work with the Financial Controller, IT and Procurement on projects to select and on-board new payment providers, or to renegotiate terms with existing payment suppliers.
- Be a key member of the senior finance team in the Leicester office; working on ad-hoc projects and pitching in, troubleshooting and helping out across the team as required
A Bit About You
- A qualified Accountant (preferably ACA or equivalent).
- Experienced in producing meaningful reconciliations and proactively acting to identify, understand, communicate and resolve reconciling items.
- Experienced in producing and owning budgets and forecasts, and in explaining variances in a clear manner.
- Have strong analytical and Excel skills with experience in working with large quantities of data from multiple sources.
- Be either from a strong retail background, ideally related to payments, or experience working within a fast paced, commercial environment.
- Strong interpersonal and networking skills, able to establish strong relationships with stakeholders across the business.
- A qualified Accountant (preferably ACA or equivalent).
- Experienced in producing meaningful reconciliations and proactively acting to identify, understand, communicate and resolve reconciling items.
- Experienced in producing and owning budgets and forecasts, and in explaining variances in a clear manner.
- Have strong analytical and Excel skills with experience in working with large quantities of data from multiple sources.
- Be either from a strong retail background, ideally related to payments, or experience working within a fast paced, commercial environment.
- Strong interpersonal and networking skills, able to establish strong relationships with stakeholders across the business.
Selfridges
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Contract
Job function
-
Job function
Finance and Sales
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Industries
Retail
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Finance Manager (17 Month FTC) employer: Selfridges
Contact Detail:
Selfridges Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager (17 Month FTC)
✨Tip Number 1
Familiarise yourself with Selfridges' payment processes and systems. Understanding their specific payment channels and how they reconcile sales to receipts will give you a significant edge during interviews.
✨Tip Number 2
Network with current or former employees in finance roles at Selfridges. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach when applying.
✨Tip Number 3
Brush up on your Excel skills, particularly in data analysis and financial modelling. Being able to demonstrate your proficiency in handling large datasets will be crucial for this role.
✨Tip Number 4
Prepare to discuss your experience with budgeting and forecasting in detail. Be ready to share specific examples of how you've managed these processes in previous roles, as this is a key responsibility for the Finance Manager position.
We think you need these skills to ace Finance Manager (17 Month FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance, particularly in payments and reconciliations. Use specific examples that demonstrate your ability to manage budgets and forecasts.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Finance Manager role at Selfridges. Mention how your background aligns with their needs, especially your experience in retail finance and stakeholder management.
Highlight Analytical Skills: Given the emphasis on analytical skills in the job description, ensure you provide examples of how you've successfully worked with large data sets and produced meaningful reconciliations in previous roles.
Showcase Interpersonal Skills: Selfridges values strong interpersonal skills. Include instances where you've built relationships with stakeholders or collaborated on projects, demonstrating your ability to work effectively within a team.
How to prepare for a job interview at Selfridges
✨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your expertise in financial reconciliations and budgeting. Be prepared to discuss specific examples of how you've successfully managed budgets and reconciled accounts in the past.
✨Showcase Your Analytical Skills
Strong analytical skills are crucial for this role. Bring along examples of how you've worked with large datasets and used Excel to derive insights. Be ready to explain your thought process and how you approached problem-solving.
✨Understand the Retail Landscape
Selfridges operates in a fast-paced retail environment. Familiarise yourself with current trends in retail finance, especially related to payment processes. This will show your genuine interest in the company and its operations.
✨Build Rapport with Stakeholders
Interpersonal skills are key for this position. Think of ways you've successfully built relationships with stakeholders in previous roles. Be prepared to share these experiences and how they contributed to successful outcomes.