Summary
About this role
Who We Are:
Since 1906, New Balance has empowered people through sport and craftsmanship to create positive change in communities around the world. We innovate fearlessly, guided by our core values and driven by the belief that conventions were meant to be challenged. We foster a culture in which every associate feels welcomed and respected, where leaders and creatives are inspired to shape the world of tomorrow by taking bold action today.
JOB MISSION:
The Senior Management Accountant will be responsible for ensuring that purchase price variances, freight and duty are accurately recorded, variances are investigated, understood and reported on clearly and concisely to team members. Adequate controls are in place to monitor and flag areas of concern to management. Working closely with key partners, including operational teams to reduce costs and improve forecast accuracy and methodology.
MAJOR ACCOUNTABILITIES:
Monthly reconciliation and accounting for purchase cost discrepancies related to stock, inbound freight, duties and related transactions.
Accruals, prepayments and balance sheet reconciliations across all areas of responsibility.
Variance analysis and reporting of P&L month end results covering all aspects of responsibility.
Key forecast/ budget responsibilities including supporting the finance teams with calculations and movement of key standard cost assumptions and P&L forecast for PPV, Duty and Freight.
Enhanced reporting and metrics to management that will deliver insights to drive both short term and long term strategic plans.
Preparation and delivery of essential topics during quarterly business review (QBR) for all areas of responsibility.
Financial lead on renewals or new contract negotiations with external suppliers within inbound logistics.
Monthly presentation of key variances across area of responsibility to the US global value chain team.
Assist with annual audit requirements for your assigned functions.
Assist the Finance Operations team with monthly reporting, forecasting, budget and other ad hoc requirements.
Continuous process improvement and optimisation in alignment with regional/global guidelines.
Assist and support Finance and Operations team as necessary on long term planning, day to day tasks and new projects/ initiatives.
REQUIREMENTS FOR SUCCESS:
Bachelor’s degree or equivalent experience in a relevant subject: Finance, accounting, Economics, Business.
Minimum a few years' post qualified (ACA / ACCA / CIMA or accounting equivalent).
Knowledge & experience working in a similar role is preferred.
English language proficiency is required as working language is English.
Great teammate, strong communication skills and able to develop and maintain strong relationship with colleagues across the region.
Organised, structured, able to handle priorities and work to tight deadlines.
Motivated with pro-active approach focussed on continual improvement of reporting.
Problem solvers collaborating with others in finding solutions to challenges as well as ways to improve processes or develop new methods.
High degree of accuracy and eye for detail.
Advanced Excel & PowerPoint skills and ability to pick up new IT systems quickly.
BENEFITS:
Discretionary Bonus Opportunity
Private Medical Insurance
Dental Scheme
Pension Scheme
Flexible Working Hours (07:00 – 10:00 start, 15:00 -18:00 finish)
Hybrid working (3 days on-site)
25 days Annual Leave per year
Life Insurance
On Site Gym
Employee Discount
Opportunity to work abroad for four weeks per year
Wellbeing and Mental Health Benefit (24/7 Employment Assistance Program & Support).
Equal Opportunity Employer:
New Balance is committed to equality of opportunity for all current and prospective associates regardless of age, disability, race, religion or belief, gender, sexual orientation, pregnancy and maternity, marriage and civil partnership and gender reassignment. We are an equal opportunity employer and support a culture of diversity and inclusion.
If you have not already done so, please let us know if you require any support so we can make the right adjustments and considerations should they be required.
Other facts
About New Balance
In 1906, New Balance began as a humble one-man operation founded on the belief that “we were born to move,” and has since grown into an international corporation, selling footwear and apparel in over 120 countries and employing over 14,000 associates worldwide. Our mission has always been to support the performance of athletes, and with an unparalleled focus on quality and craftsmanship, we’ve come to set the standard for comfort and fit in an industry all too often driven by hype.
We’re incredibly proud of our history and how far we’ve come, but companies don’t thrive for over a century by being content.
Whether it’s setting a new style trend, retooling our manufacturing process, or building a new state-of-the-art headquarters, we pursue innovation with a spirit of fearless independence. As the only privately held major footwear company in the world, we’re free to do things our way, pushing limits and testing boundaries as we continually reimagine what could be. After all, the status quo isn’t static.
But doing things our way wouldn’t mean much if we weren’t also doing them the right way. We invest in our associates as they invest in us, and as we move forward, we make a point of giving back, supporting communities around us through ambitious philanthropic efforts and involvement programs. We are a company that cares, and our culture is one of integrity and teamwork where together we become greater than the sum of our parts.
What you'll do
- The Senior Management Accountant will ensure accurate recording of purchase price variances, freight, and duty, while investigating and reporting variances clearly. The role involves working closely with operational teams to reduce costs and improve forecast accuracy.
Ready to join New Balance?
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