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Financial Planning Analyst (Sales/Inventory)

Date: Jul 24, 2019

Location: New York, NY, US

Company: Fast Retailing Group

UNIQLO is a brand of Fast Retailing Co., Ltd., a leading global Japanese retail holding company that designs, manufactures and sells clothing under seven main brands: Comptoir des Cotonniers, GU, Helmut Lang, J Brand, Princesse tam.tam, Theory, and UNIQLO. With global sales of approximately 1.14 trillion yen for the 2013 fiscal year ending August 31, 2013 (US $11.62 billion, calculated in yen using the end of August 2013 rate of $1 = 98.36 yen), Fast Retailing is one of the world’s largest apparel retail companies, and UNIQLO is Japan’s leading specialty retailer.

 

UNIQLO continues to open large-scale stores in some of the world's most important cities and locations, as part of its ongoing efforts to solidify its status as a truly global brand. Today the company has a total of more than 1,200 stores in 14 markets worldwide including Japan, China, France, Hong Kong, Indonesia, Malaysia, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, U.K. and U.S. In addition, Grameen UNIQLO, a social business established in Bangladesh in September 2010, opened its two first stores in Dhaka in July 2013. UNIQLO operates an integrated business model under which it designs, manufactures, markets and sells high-quality, casual apparel. The company believes that truly great clothes should be supremely comfortable, feature universal designs, are of high quality and offer a superb fit to everyone who wears them.

 

With a corporate statement committed to changing clothes, changing conventional wisdom and change the world, Fast Retailing is dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere. For more information about UNIQLO and Fast Retailing, please visit www.uniqlo.com and www.fastretailing.com.

 

 

JOB TITLE:            Financial Planning Analyst

 

LOCATION:            New York, NY

 

Introduction:

 

Fast Retailing Co. LTD (FR) is a leading global Japanese retail holding company that designs, manufactures and sells clothing under seven main brands: Comptoir des Cotonniers, g.u., Helmut Lang, Princesse tam.tam, J Brand, Theory and UNIQLO.  With global sales in excess of $10.7 billion, FR is the world’s fourth largest apparel retail company, and UNIQLO is Japan’s leading specialty retailer.

 

 

Today UNIQLO has more than 1,140 stores worldwide – seven of which are in the United States.  Rapid expansion is targeted for the United States, China & Europe and UNIQLO is poised to enter new markets.  With a corporate statement committed to changing clothes, changing conventional wisdom and changing the world, FR and UNIQLO are dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere.


Team Overview:

The Uniqlo US Finance team contributes to growing the business through forecasting and budgeting financial performance, by providing proactive and meaningful financial analysis to Uniqlo US senior management and global senior management, and by guiding and influencing all operating teams to help achieve company goals. In addition, the Finance team assists in highlighting business opportunities and risks to senior management.

 

Key responsibilities:

  • Budgeting and Forecasting:
    • Create seasnal and monthly sales and inventory budgets by product category, leveraging Merchandising leadership insights, historical sales trend data, and marketing calendar / product initiatives
    • Analyze and assess the sales perfrmance of all product categories; revise forecasts to maximize sales, profitability, and ending inventory balances
    • Identify inventry risks and sales opportunities by product category
    • Ensure US reginal merchandising plans align with overall buy plan
    • At multiple regular fiscal intervals, recap and analyze histrical data to plan and forecast total, brick-and-mortar and digital business performance
    • Assist in building budgets and varius financial models at both consolidated and store levels

 

  • Collaboration
    • On a mnthly basis, share product category results and recommendations with Merchandising leaders and senior leadership, as well as Japan headquarters, to help achieve financial targets
    • On a weekly basis, share demand frecasts with store and e-commerce Logistics and Store leadership
    • Wrk regularly with Tokyo-based team members to share US and global trends and best practices
    • Wrk with US regional team to manage data across the business

 

  • Weekly/Monthly/Quarterly reporting:
    • Prepare/manage the timely issuance f monthly financial report packages for U.S. and global management review
    • Present financial plans, frecasts and strategies in key meetings
    • Supprt monthly Accounting team close activities
    • Develp information tools/management reporting on key operating activities
    • Assist in the preparatin of board presentation materials
    • Cnduct daily, monthly, quarterly, and seasonal sales reporting

 

  • Adhoc Analysis:
    • Run reprts and queries data using company’s financial software data warehouse interfaces to collect information for financial planning
    • Analyze special prjects to determine business financial benefits and impacts
    • Mnitor the impact of omni-channel sales, marketing, and promotional activities on sales and inventory across channels
    • Run ad-hc sales analyses for senior management and for Board meeting
    • Assist FP&A manager t identify opportunities to lower costs and engage with business owners to achieve results.

 

Requirements:

  • Bachelor's or higher degree in Accounting, Finance, Economics or related field
  • Demonstrated FP&A experience at the corporate or business unit level
  • Knowledge of generally accepted accounting principles, financial reporting and analysis
  • Minimum of 3 years’ experience in a merchandise planning role, which is strongly preferred, or a financial analytical role
  • Retail industry experience strongly preferred
  • Excellent analytical and problem-solving skills
  • Advanced working knowledge of Microsoft Excel modeling
  • Ability to develop point-of-view based on data / analytics
  • Ability to complete tasks with a high degree of accuracy utilizing strong analytical and organizational skills
  • Strong communication skills, both verbal and written
  • Ability to thrive in a dynamic, multi-cultural, fast paced environment
  • Flexible, team oriented, collaborative work style and a positive attitude
  • Proactive individual that can build effective relationships with business managers and staff
  • Ability to effectively communicate complex and/or controversial topics and concepts to a wide and diverse audience
  • including intricacies of open to buy, inventory turnover and gross margin
  • Strong retail math skills including intricacies of open to buy and margin management, with an understanding of retail planning software and inventory management
  • Willingness to live and train in Tokyo headquarters for first two months of tenure
  • Ideally, familiarity with building Excel macros and writing SQL to extract data

 

As an Equal Opportunity Employer, Fast Retailing does not discriminate against applicants or employees because of race, color, creed, religion, sex, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other status or condition protected by applicable federal, state or local law.

Posting Notes: New York || New York (US-NY) || United States (US) || Experienced Professional || Corporate || UNIQLO || EX:OUT || UNIQLO ||