At a Glance
- Tasks: Lead financial management and business partnering for Tech and HR functions.
- Company: Join Selfridges, a luxury retailer on an exciting tech transformation journey.
- Benefits: Competitive salary, benefits package, and opportunities for professional growth.
- Other info: Collaborative environment with excellent career advancement potential.
- Why this job: Be part of a dynamic team driving innovation in finance and technology.
- Qualifications: Recognised accountancy qualification and strong analytical skills required.
The predicted salary is between 50000 - 60000 € per year.
Selfridges is a successful luxury retailer, and is continuing on a Tech transformation journey, which includes continued investment in its digital offerings and investment in underlying applications, infrastructure and processes. As such we need a strong finance business partner to provide support and finance challenge in several ways:
- To lead the management accounting and business partnering responsibilities within the Tech, non-core finance and HR functions; holding effective month end reviews, planning budgeting and forecasting meetings, and being a first point of contact for the teams.
- To work closely with the Tech team, to help navigate the impact of changes to the Tech architecture and landscape on the overall Operating Model.
- To support the Senior Finance Manager with Tech and other material central contracts, to support (and challenge where relevant) the Tech Procurement department on deals, financial terms, and contractual discussions.
Part of the above, in supporting the Senior Finance Manager, may involve ensuring the accurate financial accounting and recharging (inclusive of transfer pricing where relevant) of major Group or Banner Contracts and Projects, along with effective communication and education of the finance communities in Group and in other banners. Strong communication and stakeholder management skills are needed in this role, along with an acumen for contracts understanding and interrogation (particularly IT / Software contracts), Project accounting and some Transfer Pricing exposure.
As the Finance Business Partner to Tech Exec and Leadership Team, the below responsibilities will be key:
- Deliver to the 5YP, Budget and Forecast Process set by FP&A for the function.
- Business partnering, month end management accounting processes, and monthly P&L review with the leadership team.
- Complete Month End Process proactively and efficiently.
- Operating model from a P&L and cash perspective. Requires close working with the wider Finance Team.
- Have a solid understanding of the budgeted costs by area, and challenge for delivery when appearing off track. Help deliver a rolling forecast with proactive call out of risks and opportunities.
Specific Financial Support - Contracts:
- To analyse the Group or Selfridges Tech Contracts being considered from a financial and risk management angle in terms of software / Tech costs, the ranges of products being considered for the group (number of licensed users, number of server environments, metrics such as revenue or costs). This is in partnership with the Commercial / Procurement contract team.
- To produce the anticipated costs of the contract, and the allocation of these costs to the Banners based on their needs (from a fair accounting perspective), providing effective recharge split so AP can recharge effectively with back up.
- To review the incoming costs from these suppliers to ensure they are in line with the agreed contract with the supplier, and to assist IT in ensuring the services or products have been delivered, before payments are made.
- To assist with the Year End audit process in this area, enabling external and internal audit to understand the methodologies and documentation.
- To regularly review and update procedures, policies and process documentation relating to this area.
A bit about you:
- Have a recognised accountancy qualification, ideally ACCA or CIMA.
- Ability to work to a high standard of accuracy with excellent attention to detail.
- Highly organized and efficient, with an ability to work under pressure.
- Knowledge and experience in IT Contracts and Transfer Pricing.
- Excellent communication/ interpersonal and influencing skills.
- PC skills - excellent PowerPoint and Excel skills sought.
- Receptive to change with a desire to continuously improve processes and outputs.
- Proactive.
Wider Relationships:
- Tech Director and their leadership team.
- HR Director and their leadership team.
- Head of FP&A.
- Financial Control team.
- Programme Managers (where applicable).
- Commercial / Procurement Department.
Location: London, United Kingdom
IT Senior Finance Analyst (6-month FTC) in London employer: Selfridges
Selfridges is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation meets luxury retail. Employees benefit from a strong focus on professional development, competitive salaries, and a culture that encourages collaboration and creativity, particularly as the company embarks on a significant tech transformation journey. With opportunities to engage with senior leadership and influence key financial decisions, this role promises meaningful contributions and career growth within a prestigious brand.
StudySmarter Expert Advice🤫
We think this is how you could land IT Senior Finance Analyst (6-month FTC) in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Selfridges. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for those interviews by researching the company’s tech transformation journey. Show us you understand their goals and how your skills as a finance business partner can help them achieve success.
✨Tip Number 3
Practice your communication skills! You’ll need to demonstrate your ability to influence and engage with various stakeholders. Mock interviews with friends can help you nail this down.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace IT Senior Finance Analyst (6-month FTC) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the IT Senior Finance Analyst role. Highlight your experience with management accounting, business partnering, and any relevant IT contracts you've worked on. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific projects or experiences that relate to the job description, especially around budgeting, forecasting, and stakeholder management.
Showcase Your Communication Skills:Since strong communication is key for this role, make sure your application reflects that. Use clear and concise language, and don’t hesitate to demonstrate your interpersonal skills through examples of past collaborations or challenges you've navigated.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you're keen on joining the StudySmarter team!
How to prepare for a job interview at Selfridges
✨Know Your Numbers
As an IT Senior Finance Analyst, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've used them in past roles. Be prepared to explain your approach to budgeting, forecasting, and month-end processes.
✨Understand the Tech Landscape
Since this role involves working closely with the Tech team, make sure you have a solid understanding of IT contracts and the impact of tech architecture changes. Research Selfridges' current tech initiatives and think about how you can contribute to their transformation journey.
✨Showcase Your Communication Skills
Strong communication is crucial for this position. Prepare examples of how you've effectively communicated complex financial information to non-financial stakeholders. Think about times when you've had to influence decisions or challenge assumptions.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think about potential challenges you might face in this role, such as managing discrepancies in contract costs or navigating stakeholder expectations, and prepare your responses accordingly.
