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Financial Analyst

Southern Tide, LLC
Greenville, SC Full Time
POSTED ON 11/28/2022 CLOSED ON 12/31/2022

What are the responsibilities and job description for the Financial Analyst position at Southern Tide, LLC?

Founded in 2006, Southern Tide is a Greenville, S.C.-based lifestyle apparel brand that boasts exceptional craftsmanship and classic design. Innovative, yet timeless in its youthful style, Southern Tide offers an array of apparel and accessory products for men, women, and kids that deliver their authentic lifestyle through quality, experience, and service. Southern Tide is available for purchase in Southern Tide’s company owned stores, Southern Tide Signature Stores and online at www.southerntide.com. Products can also be found in more than 850 specialty retailers, and premium department stores across the United States. Southern Tide is a wholly-owned subsidiary of Oxford Industries (NYSE: OXM). Oxford Industries (NYSE:OXM) is an international apparel company headquartered in Atlanta featuring a diverse portfolio of owned lifestyle brands, consisting of Tommy Bahama©, Lilly Pulitzer©, Southern Tide©, The Beaufort Bonnet Company©, Duck Head© and Johnny Was©. Southern Tide, LLC Greenville, SC - Southern Tide Headquarters 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! We value work-life balance and offer a flexible corporate office environment. The Financial Analyst has responsibility to create 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. 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. 4 years of relevant finance or accounting experience Proficient computer skills in Excel, SAP, and Outlook Southern Tide is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristics protected by law. Southern Tide participates in E-Verify. Details in English and Spanish. Right to Work Statement in English and Spanish.
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