Inventory Financial Analyst

Who We Are:

Since 1906, New Balance has empowered people through sport and craftsmanship to create positive change in communities around the world. We innovate fearlessly, guided by our core values and driven by the belief that conventions were meant to be challenged. We foster a culture in which every associate feels welcomed and respected, where leaders and creatives are inspired to shape the world of tomorrow by taking bold action today.

JOB MISSION:

Your role at New Balance as an Inventory Financial Analyst within the Finance group is to:

• Ensure invoices get matched to purchase order receipts so that they can be processed for payment.
• Ensure invoices are processed on a timely basis to avoid becoming past due
• Plan and manage retail store physical inventories
• Help ensure accuracy of retail store on hand inventory
• Become an "inventory expert"
• Assist with month end close responsibilities

MAJOR ACCOUNTABILITIES:

• Perform daily invoice batch matching process to bulk match retail store invoices from New Balance Wholesale and 3rd party vendors.
• Investigate older, unmatched invoices, determine cause and work to get them matched to purchase order receipts so that they can be processed for payment. This will include working with Store Managers to make corrections and providing analyses to vendors
• Work diligently to prevent invoices from becoming past-due for payment. Must be aware of the invoice status for each vendor and work accordingly to ensure older invoices get matched in the system prior to their due date.
• Run weekly/monthly report to give Retail Store Managers visibility to invoices that are not matched to purchase order receipts due to receiving issues.
• Complete and finalize retail store physical inventories. This will involve investigating large unit variances (making corrections if possible), creating an in-depth and detailed analysis of the physical inventory variance by product brand and model to show the Store Manager areas where improvement is needed and running the meeting to go over the results with the District Manager and Store Manager.
• Assist retail store associates with receiving/inventory issues, advising them on the best way to make corrections and provide help when needed.
• Detect areas of concern that could have a negative impact on a store's on-hand inventory, alert Management to these areas of concern and determine what corrective actions should be taken.

REQUIREMENTS FOR SUCCESS:

• BA/BS in Accounting or Finance.
• Strong computer skills. Excellent Excel skills
• Excellent organizational and time management skills
• Professional and confident with an ability to work with all levels of the organization, especially
• Good verbal and written communication skills, and ability to work well in cross functional teams
• Experience in retail merchandising software such as Aptos is a plus. Familiarity with D365 also desired.

Regular Associate Benefits

Our products are only as good as the people we hire, so we make sure to hire the best and treat them accordingly. New Balance offers a comprehensive traditional benefits package including three options for medical insurance as well as dental, vision, life insurance and 401K. We also proudly offer a slate of more nontraditional perks - opportunities like online learning and development courses, tuition reimbursement, $100 monthly student loan support and various mentorship programs - that encourage our associates to grow personally as they develop professionally. You'll also enjoy a yearly $1,000 lifestyle reimbursement, 4 weeks of vacations, 12 holidays and generous parental leave, because work-life balance is more than just a buzzword - it's part of our culture.

Temporary associates are provided three options for medical insurance as well as dental and vision insurance and an associate discount.

Part time associates are provided 401k, short term disability, a yearly $300 lifestyle reimbursement and an associate discount.

Flexible Work Schedule

For decades we have fostered a unique culture founded on our values with a particular focus on in-person teamwork and collaboration. Our North American hybrid model encourages rich in-person experiences, showcasing our commitment to teamwork and connection, while maintaining flexibility for associates. New Balance Associates currently work in office three days per week (Tuesday, Wednesday, and Thursday). Our offices are fully open, and amenities are available across our North American office locations. To continue our focus on hybrid work we have introduced "Work from Anywhere" (WFA) for four weeks per calendar year. This model will help us enhance our culture while continuing to maintain elements of flexibility.

Equal Opportunity Employer

New Balance provides equal opportunities for all current and prospective associates and takes affirmative action to ensure that employment, training, compensation, transfer, promotion and other terms, conditions and privileges of employment are provided without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, handicap, genetic information and/or status as an Armed Forces service medal veteran, recently separated veteran, qualified disabled veteran or other protected veteran.