What are the responsibilities and job description for the Financial Analyst position at Southern Tide?
Southern Tide, LLC
Greenville, SC - Southern Tide Headquarters
The Financial Analyst is responsible for creating meaningful and timely analyses to support and improve the business, including support for the development of the annual budget and periodic forecasts. The Financial Analyst will partner with Oxford corporate accounting to provide meaningful insights regarding Southern Tide’s financial performance to drive the business. This role will be relied on to support commercial strategies, provide input on financial processes and highlight risks and opportunities. S/he will provide daily oversight to ensure that the financial records are complete, accurate and comply with generally accepted accounting principles, policies and regulations.
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At Southern Tide, our mission is to share our love for the coastal lifestyle through premium products, experiences, and service.
We offer competitive benefits packages which may include generous vacation policy, health and wellness coverage, 401k with company match, discounted stock purchasing, options for education reimbursement, and amazing product discounts!
This position is based out of our corporate office in Greenville, SC.The Financial Analyst is responsible for creating meaningful and timely analyses to support and improve the business, including support for the development of the annual budget and periodic forecasts. The Financial Analyst will partner with Oxford corporate accounting to provide meaningful insights regarding Southern Tide’s financial performance to drive the business. This role will be relied on to support commercial strategies, provide input on financial processes and highlight risks and opportunities. S/he will provide daily oversight to ensure that the financial records are complete, accurate and comply with generally accepted accounting principles, policies and regulations.
Crew Position:
Accounting, Budgeting and Business Planning:
- Support annual budget process. Provide reforecast reports and schedules to management.
- Monitor weekly/monthly progress against functional budgets, results and targets and work with business leads to ensure accountability. Work with operational leaders to understand month end actuals, explain variances and track action plans to keep financial results in line with plan.
- Prepare and distribute accurate, timely and insightful financial analysis of pertinent information to determine progress and explain trends against strategic plan, budget, forecast, and to support business decisions.
- Assist and review the continued development and improvement of budgeting, financial forecasting, operational planning and modeling tools/processes.
- Support parent company accounting function during monthly/quarterly/annual close processes, including the preparation of both journal entries and ad-hoc accounting requests and requirements.
- Provide support with internal and external audits.
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Additional responsibilities could include any of the below based on business support:
- Management of royalty contract (e.g. Collegiate) compliance, accounting, and royalty reporting requirements.
- Handle daily, weekly, and monthly retail accounting procedures for owned stores.
- Collect sales records and trends and evaluate performance measured against sales quotas
Financial reporting and modeling:
- Develop models or reporting tools that improve the organization’s ability to achieve financial targets, support data driven decisions, and provide visibility to business profitability in all operational areas, including, but not limited to, sales, design, inventory, product development, and manufacturing partnerships.
- Prepare benchmarking for and monitor margins, SG&A, and other company financial metrics.
- Partner with internal commercial channel groups (e.g. Wholesale, Stores, Ecommerce) on sales projections and comp analysis to confirm reasonableness. Prepare and analyze sales reports to identify and communicate trends.
- Track and evaluate margin attainment each season and work closely with the Product team on scenario plans to both improve margins overall and set seasonal margin targets which support the overall financial plan. Understand and communicate the impact of gross margin changes, the markdown cadence and inventory levels as they affect reforecasts.
What all hands on deck looks like…
- Enjoy working in a team driven environment as well as independently to complete daily expectations
- Comfortable problem solving, gathering data, and effectively present complicated information
- Appreciate detailed documentation and prioritize effectively to meet aggressive deadlines
- An analytical thinker with a desire to understand all aspects of Southern Tide business
- Are a strong communicator (oral and written) and presenter
Know the ropes…
- Bachelor’s degree in Finance/Accounting or equivalent experience.
- 2 years of relevant finance or accounting experience.
- Proficient computer skills in Excel, SAP, and Outlook.
This Company is an equal opportunity employer and does not discriminate against qualified applicants based on based on race, color, sex, gender, gender identity, gender expression, religious creed, sexual orientation, pregnancy, national origin, ancestry, age, military and veteran status, marital status, physical or mental disability, protected medical condition, genetic information, reproductive health decision-making, lawful off-duty use of marijuana, any other characteristic protected by law, or any combination of two or more of the characteristics listed here. If you need an accommodation to complete an online application, please contact the location you are applying to or contact us at 1-888-725-1899.
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