At a Glance
- Tasks: Analyse stock operations and provide financial insights to drive business decisions.
- Company: Join ASOS, a leading global online fashion destination with a dynamic finance team.
- Benefits: Enjoy employee discounts, private medical care, and 25 days of annual leave.
- Other info: Embrace a culture of diversity, equity, and inclusion while growing your career.
- Why this job: Make an impact in a fast-paced environment while developing your finance skills.
- Qualifications: Qualified financial accountant with strong IFRS knowledge and collaborative skills.
The predicted salary is between 40000 - 50000 £ per year.
Our finance function operates at the heart of ASOS. Our finance team controls the cash within the business and also provides support to help it make decisions to lead us to being a global online fashion destination.
Responsibilities
- Develop and maintain a detailed understanding of Group stock operations, including activities across retail, warehousing and accounts payable.
- Lead the accounting for stock related financial entries, incorporating input from Commercial Finance, with the ability to analyse detailed transactional data and translate this into clear, summary level reporting for key stakeholders.
- Apply appropriate financial accounting treatment for stock cost components, including weighted average cost (WAC) and stock capitalisation.
- Account for stock provisions in collaboration with Commercial Finance, ensuring judgement is applied consistently and in line with Group policy.
- Account for stock GRNI balances in collaboration with Accounts Payable, ensuring completeness and accuracy.
- Apply IFRS accounting standards for inventory, proactively reviewing current treatments and providing technical guidance to the business where required.
- Support testing and financial impact assessment for warehouse and operational change initiatives, including new warehouses, return centres and related system changes.
- Prepare and maintain stock balance sheet reconciliations, ensuring they are complete, accurate and provide value add commentary.
- Maintain a robust financial control environment across all stock related areas.
- Document and maintain stock related financial controls, processes and risks, identifying control weaknesses and recommending improvements as required.
- Support end to end stock lifecycle processes, including documentation, impact assessment and delivery of process changes, with training support where required.
- Support the delivery of interim and year end audit requirements, ensuring information is provided to auditors to an auditable standard and within agreed timelines.
- Communicate effectively with key stakeholders across Financial Control, Commercial Finance, Operations and Technology, delivering clear accounting insight, timely updates and well reasoned explanations on inventory related matters.
- Support the delivery of ongoing projects and change initiatives across the business that impact inventory accounting, contributing accounting input, analysis and financial impact assessment as required.
- Provide ad hoc analysis and support on Finance Manager led requests to deliver business insight and support the timely delivery of objectives.
Qualifications
- A qualified financial accountant (ACA, ACCA or equivalent).
- Strong working knowledge of IFRS, with the ability to apply standards effectively in practice.
- Experience preparing information for, and responding to, external and internal audit requirements in a clear and structured manner.
- Experience working collaboratively with non-finance stakeholders across multiple business areas.
- Experience engaging with senior stakeholders, demonstrating a consistently professional and considered approach.
- Confident exercising professional judgement, particularly in areas involving estimates, assumptions and management judgement, with appropriate escalation where required.
- Ability to communicate complex accounting matters clearly to both finance and non-finance stakeholders.
- Comfortable operating in a fast paced, evolving environment, able to prioritise effectively and manage competing deadlines.
- A proactive mindset, with a track record of simplifying processes and improving ways of working while operating within a strong control framework.
- Strong attention to detail, with experience in data analysis using Excel and other analytical tools; SQL experience desirable but not essential.
- A collaborative team player who role models ASOS' values and actively supports Diversity, Equity & Inclusion.
Benefits
- Employee discount
- Employee sample sales
- 25 days paid annual leave
- Private medical care scheme
- Fixed Annual Payment in addition to your salary each year
- Opportunity for personalised learning and in-the-moment experiences that enable you to thrive and excel in your role.
Finance Analyst in City of Westminster employer: We're Asos
ASOS is an exceptional employer that fosters a dynamic and inclusive work culture, where finance professionals are integral to driving the business forward. With a focus on employee growth, ASOS offers personalised learning opportunities and a supportive environment that encourages collaboration across departments. Located in a vibrant setting, employees enjoy competitive benefits such as generous annual leave, private medical care, and exclusive discounts, making it a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Analyst in City of Westminster
✨Tip Number 1
Network like a pro! Reach out to current employees at ASOS on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Dive deep into ASOS's financial operations and be ready to discuss how your skills align with their needs. Show them you’re not just another candidate, but someone who gets their business.
✨Tip Number 3
Practice makes perfect! Get a mate to do mock interviews with you. Focus on articulating your experience with IFRS and stock accounting clearly, so you can impress those key stakeholders when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Finance Analyst in City of Westminster
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Finance Analyst role. Highlight your experience with IFRS and stock accounting, and don’t forget to showcase your analytical skills. We want to see how you can bring value to our finance team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about finance and how your background aligns with our needs. Be sure to mention any collaborative projects you've worked on with non-finance stakeholders.
Showcase Your Attention to Detail:In finance, attention to detail is key. When filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their work is accurate and polished.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at We're Asos
✨Know Your Numbers
As a Finance Analyst, it's crucial to have a solid grasp of financial concepts and metrics. Brush up on IFRS standards and be ready to discuss how you've applied them in past roles. This will show that you can hit the ground running.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific stock accounting scenarios or financial reporting challenges. Think through examples from your experience where you successfully navigated similar situations, and be prepared to explain your thought process.
✨Engage with Stakeholders
Since the role involves communicating with various stakeholders, practice articulating complex financial information in simple terms. Prepare examples of how you've effectively collaborated with non-finance teams to drive business decisions.
✨Show Your Proactive Mindset
Demonstrate your ability to improve processes and simplify workflows. Have a couple of examples ready where you identified a control weakness or streamlined a financial process, showcasing your proactive approach to problem-solving.
