Jobs and Careers

Sr. Analyst, Product Finance - Global CK - Calvin Klein

New York, NY Calvin Klein Office, United Statesfull_timeVerifiedPosted 12 Sept 2024

💰 $100,000/yr($85,000/yr – $100,000/yr)

About the role

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POSITION SUMMARY:

The Product Finance Senior Financial Analyst – Global CK:

Will support the Product Finance Snr Director and will act as a senior financial advisor by providing insights to drive fact-based, optimal decision-making, and input in the development of the business strategies and operations of the global CK business.
Operationalize work in relation to the global product teams to coordinate and streamline financial processes and procedures.
Support ad hoc projects as needed.

PRIMARY RESPONSIBILITIES/ACCOUNTABILITIES OF THE JOB:

Overall Brand Financial Planning & Tracking:

Periodic planning: individually prepare the seasonal brand planning summaries, set product targets and track variances to targets.
Strategic budget plan: establish appropriate future looking budgets in line with strategic priorities and responsible for ensuring financial system alignment.
Business partnering: provide input for meetings with the department leaders in the global product organization (Chief Product Officer, Chief Design Officer, Merchandising group)
Financial insights: creating transparency on key product performance indicators with respect to product categories and seasons, provide benchmarking and challenge category leads.
Risk mitigation: manage business risk to protect the division’s assets.

Strategic/tactical revenue and profitability planning and tracking:

Financial insights: support the global product teams with analytics and insights and advice where needed and drive identification of areas for analysis and optimization:
- Tracking of global product sales, provide status updates following re-estimates and establish financial strategic guidelines for category sales planning;
- Ensure oversight of global financial fabric liabilities for Bulk (~$10M-$30M) and ways to re-purpose this into further collections to minimize risk;
Profitability planning:
- Drive the implementation of the global brand planning process from category kick-off until sell-out with all regions;
- Track margin development from range planning to order shipment (post order book freeze) by region, channel and product category and perform gap analysis to target;
- Improve transparency and accuracy of profitability tracking (through systems and tools) – including but not limited to product category gross and net sales, volumes, costs and resulting go-in margin;
- Perform ad-hoc analysis on strategic business opportunities that create value (licensing take-backs, new product initiatives, pricing architecture etc.)

Financial Reporting & Compliance:

Reporting: improve reporting and communication for the global product leadership team and senior management group (including actual results, estimates and budget variances) and define actionable items to improve efficiency and effectiveness of categories.
Compliance: implement and monitor adherence to policies and ensure the integrity of policies, procedures and financial statements to ensure accurate and timely recording and reporting of operating results.
Automation: drive automation and efficiency in financial product processes through dashboards and automated reports.

QUALIFICATIONS & EXPERIENCE:

Experience:

Education:

Bachelor’s degree in Business Finance or Accounting required.

Skills:

Financial analysis: excellent analytical skills, managing large data quantities and complex problem solving skills.
Financial scenario planning: building financial models to evaluate different scenarios to impact category growth.
Analytics: excellent analytical skills, managing large data quantities from multiple sources.
Financial acumen: ability to analyze financials and explain financial brand KPIs.
Business acumen: understanding of the fashion industry, including market trends, consumer behavior, competition