Group Finance Manager - [Archived Advertisement]

Group Finance Manager

FOREVER US

Forever New is Australia's fastest growing fashion clothing and accessories brand. With more than 300 stores and a vast online presence across the globe, we have developed a strong community of fashion-lovers, designers, innovators, experts and creatives who have taken us from Melbourne to the world. We’re a passionate group of individuals with a love for fashion and style – committed to doing whatever it takes to put a smile on her face. We make fashion for the modern woman on the move, and like her, we want to be ready for anything.

THE PERKS WE OFFER YOU

At Forever New, our people and customers are the heart and soul of everything we do. As our retail footprint rapidly expands across the globe, we embrace diversity and inclusion in all forms. We believe in hiring based on capability and performance, fostering an environment where everyone has the opportunity to shine. As a valued member of the Forever New family, you'll not only enjoy a wide range of exciting rewards and benefits, but also be part of a team that genuinely appreciates your talent and dedication.

Discover the perks of joining us:

• Benefit from a generous 40% employee discount, including periodic discounts for your family and friends.
• Coffee lover? Indulge in daily subsidized coffee and lunch at the café downstairs.
• Enjoy the flexibility of loyalty and birthday leave to celebrate special moments in your life.
• Receive recruitment referral incentives for bringing talented individuals to join our exceptional team.
• Take advantage of our wellbeing and environmental incentives, promoting your overall wellness and contributing to a sustainable future.
• Engage in continuous learning and development programs to enhance your skills and foster personal and professional growth.
• Be recognized for your outstanding contributions through our recognition program and service awards.
• Enjoy the convenience of subsidized car parking, ensuring a stress-free commute.
• Thrive in our vibrant head office located in Cremorne, an area renowned for its energy and creativity.
• Gain exposure to a global business operating across 5 continents, expanding your horizons and providing diverse experiences.

YOUR DREAM OPPORTUNITY

As the Group Finance Manager, reporting directly to the Group Financial Controller, you will be both hands-on and strategic with a focus on managing the Groups statutory financial reporting, tax compliance, banking and inventory management. Additionally, you will oversee robust controls across the group and foster enhanced finance capabilities within a forward-thinking team.

As our Group Finance Manager, you can expect to: 

Financial Reporting:

• Oversee the preparation of the Group’s monthly and year-end consolidated financial reporting, both for management and statutory purposes.
• Month-end:
  • Lead the month-end process for the Group’s Australian legal entities.
  • Ensure timely completion and consistency across all Group entities
• Maintain ownership of the general ledger, ensuring data integrity, and conduct monthly reviews of Balance Sheet reconciliations.
• Serve as a key stakeholder in overseeing accounting systems, acting as a champion for finance ERP Netsuite and inventory management system.
• Drive improvements in the quality and timeliness of financial information shared with internal and external stakeholders.
• Contribute to and support the annual budgeting and ongoing forecasting process, collaborating with relevant business partners.
• Engage in strategic business partnerships with international markets and key head office functions.

Statutory Audit and Compliance:

• Lead the global end-to-end audit process, coordinating with subsidiary finance teams to ensure accurate and timely delivery of financial results.
• Handle consolidation and preparation of financial statements for the group.
• Ensure adherence to IFRS and other accounting standards across the Group, including areas of judgment such as IFRS 16, cloud computing, and impairment.
• Collaborate with the Group Financial Controller and CFO on technical accounting decisions.
• Provide information and reports to the Audit Committee and address queries.

Tax:

• Lead the Group’s global tax affairs, including:
• Drive the group’s tax governance framework and related initiatives.
• Lead Transfer Pricing strategies and compliance.
• Own group tax software/technologies.
• Maintain relationships with external tax advisors.
• Manage the Group’s Australian tax affairs, including:
• Prepare and manage the group’s Australian Income Tax return.
• Manage other Australian indirect tax lodgements, including GST and FBT.

Inventory Oversight and Management:

• Oversee accurate and timely financial reporting related to inventory, including inventory valuation adjustments and inventory-related expenses.
• Partner with key internal stakeholders to develop and implement strategies for effective inventory management across the group.
• Oversee the Group’s inventory procurement model, partnering with buying agents to ensure end-to-end visibility and control of inventory movements, liabilities and payments.
• Monitor obsolete stock risks.

Banking and Treasury:

• Administer all bank accounts and the corporate card facility.
• Prepare quarterly covenant calculations and compliance certificates for the banking group.
• Team Leadership:
• Recruit, retain, and develop a high-performing Finance team.
• Foster a culture of continuous improvement and change leadership within the team.
• Establish the finance team as a critical partner to other business leaders and teams through effective stakeholder management and collaboration.
• Represent finance in business-led initiatives and projects, including system implementations, integrations, and process improvements/automation.

THE SKILLS AND EXPERIENCE YOU OFFER US

• CA/CPA Qualified.
• Minimum of 10 years' work experience, with 5 years of extensive leadership experience in a similar role, preferably within a retail environment or a global organisation.
• Strong commercial and business acumen, coupled with broad technical accounting and tax knowledge.
• Adaptive and flexible, capable of thriving in a fast-paced environment.
• Self-motivated, positive, and resilient leader with a proven track record in people management and developing high-performing teams.
• Demonstrated ability to achieve results through effective stakeholder management.

Whether we’re designing our latest fashion collection, learning, laughing, and collaborating as a team or providing expert styling advice to our loyal customers, these are a few of the values engrained in our DNA:

• Think Customer
• Respect for all
• Keep it Simple
• Take Responsibility
• Act with Pace

Join Forever New and become part of a community that values your uniqueness and offers exciting opportunities for personal and professional growth. Apply now and let your talents shine in an environment that celebrates diversity and fosters success!