What are the responsibilities and job description for the Financial Analyst position at The Tile Shop?
Are you a passionate Finance professional who is looking to be a valued business partner in an exciting, fast-paced retail chain? Are you someone who thinks outside of the box, thrives in an entrepreneurial environment, and has a passion for building and supporting a best in class Finance/Accounting department? If you have answered yes, READ ON!
Since 1985, The Tile Shop has committed itself to inspiring and realizing home decor ideas and creating beauty both indoors and out. We take great pride in our ability to provide an agile and supportive team environment focused on evolving our ever-growing business needs. Our people thrive because they want to make a difference and are passionate and committed to bring big ideas to life!
The Financial Analyst will be responsible for a variety of duties surrounding the planning, forecasting, analysis, and reporting of consolidated financial results. This position will also manage the annual budget process, data consolidation, and special projects.
Responsibilities:
- Coordinate the company’s annual budgeting process and creating reporting to communicate budget vs. actual variances throughout the year.
- Collaborate with leaders across the organization to understand the business drivers to any budget variances and influence actions to keep the company on budget.
- Perform analyses to assess the viability of investment opportunities and help the organization identify the investments that will provide the best return.
- Monthly, completing retail bonus preliminary and final calculations and accruals based on bonus plan criteria, using data from multiple sources.
- Work closely with the Payroll team to validate labor reporting utilized in the bonus calculation, understand labor by location, and issue bonus payments and corrections.
- Assist retail operation partners with bonus & P&L related questions.
- Assist with the month-end closing process, including the preparation of journal entries, accounting analysis, approval of staff work, the company’s consolidation, and the compilation of the company’s financial statements.
- Provide monthly financial updates for the company’s management team and its Board of Directors.
- Will partner with the CEO, CFO, CAO, and other senior leaders across the organization to prepare materials for the company’s quarterly meetings with its Board of Directors.
- Build complex financial models to evaluate opportunities and enable the organization to deliver on long term growth strategies.
- Analyze industry trends and makes recommendations based on those trends.
- Assist and investigate P&L and variance between plan/forecast and expected results.
- Provide hands-on support for daily operations, month-end, year-end, and related processes.
- Conduct ad hoc research and analysis for department heads to ensure that the best corporate decisions are made to achieve operational and financial objectives.
- Ensure the integrity, accuracy, and validity of the information being reported.
- Perform other related duties as assigned.
Required Skills/Abilities:
- Bachelor’s degree in Accounting, Finance, or related field required.
- Minimum of 3 years of relevant corporate financial planning, reporting, and analysis experience
- 2 years of professional experience as an accountant
- Experience working in SAP
- Experience building detailed and dynamic financial models in Excel
- Ability to communicate effectively across all functions and levels including presenting ideas and financial analysis to senior management
- Ability to work in a deadline-oriented environment and turnaround requests quickly
- Passionate about continuous improvement and out of the box thinking
- Thorough understanding of Generally Accepted Accounting Principles (GAAP)
- Strong collaboration skills and capable of working with varying personality types across all departments
- Self-motivated with a strong understanding of the needs of a retail business
- Enjoy working in a fast-paced environment
At The Tile Shop, we are committed to developing the WHOLE you, not just the WORK you. Our benefits program is our investment in you as an important contributor to our success, and we are proud of our highly competitive package.
- Competitive Pay
- Individual Career Growth Opportunities
- Competitive & Comprehensive Benefit Package
- HSA Employer Contributions
- 401(k) Plan with employer matching
- Team Focused Work Environment
The Tile Shop is an Equal Opportunity Employer.
