Retail Financial Strategist

7 days ago

Singapore beBeeFinancial Full time $90,000 - $120,000

Key Roles and Responsibilities:

  • Lead the development of strategic financial plans to drive business growth.

Financial Planning and Analysis:

  • Prepare and manage annual budgets, rolling forecasts, and variance analysis for retail stores and online channels.
  • Analyse store performance, sales trends, and gross margins to identify opportunities for improvement.
  • Provide regular financial insights to management on profitability, cost control, and revenue growth.

Accounting and Reporting:

  • Oversee monthly, quarterly, and year-end closing processes in accordance with accounting standards.
  • Ensure timely preparation of P&L statements, balance sheets, and cash flow reports.
  • Manage fixed assets accounting, inventory valuation, and shrinkage analysis.

Finance Operations:

  • Monitor and reconcile point-of-sale (POS) sales data and ensure proper revenue recognition.
  • Work closely with merchandising and supply chain teams to manage stock levels, purchase orders, and vendor payments.
  • Track promotional campaign results and evaluate return on investment (ROI).

Cash and Credit Control:

  • Manage store cash handling processes and ensure compliance with internal controls.
  • Oversee banking relationships and ensure optimal cash flow management.

Compliance and Internal Controls:

  • Maintain strong internal controls over inventory, sales, and expense claims.
  • Ensure compliance with tax regulations, retail licensing, and statutory reporting requirements.

Leadership and Collaboration:

  • Lead and develop the finance team, ensuring high levels of accuracy, efficiency, and business partnering capability.
  • Partner with retail operations teams to support store openings, closures, and expansion plans.

Required Skills and Qualifications:

  • Degree in Accountancy
  • At least 5 years of experience in Retail Industry

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