Full-Time

Commercial Finance Analyst

Posted on 11/22/2024

Farfetch

Farfetch

1,001-5,000 employees

Online marketplace for luxury fashion items

Consumer Software
Consumer Goods

Junior, Mid

London, UK

Hybrid position based in London, UK.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
SQL
Financial analysis
Looker
Data Analysis
Requirements
  • Bachelor’s degree in Finance, Accounting, Economics, or a related field.
  • Professional qualification CIMA (preferred), ACA, ACCA, MBA is a plus.
  • 2+ years of experience in financial analysis or related roles.
  • Strong problem-solving and analytical skills with the ability to simplify complex issues.
  • Proficiency in financial modelling, data analysis, and visualisation tools (Excel, Looker, SQL, etc.).
  • Excellent communication skills and ability to build relationships with stakeholders.
  • Flexible, proactive attitude with a commitment to continuous learning and improvement.
  • Strong analytical mindset with a strategic focus, aligning financial data with business goals.
  • Results-oriented, deadline-driven, with an emphasis on accuracy and quality.
  • Able to prioritise effectively and manage multiple tasks in a fast-paced environment.
  • Collaborative, able to provide insights to both financial and non-financial stakeholders.
  • Curious and creative, willing to challenge existing processes and drive improvement.
  • Proactive self-starter with a focus on continuous improvement, yet a strong team player.
Responsibilities
  • Provide business partnering support to our Global Private Client, Fashion Concierge, Categories and E-Concessions teams.
  • Develop and maintain financial models, budgets, and forecasts to support quarterly, annual, and long-term strategic planning, and perform variance analysis, identifying and investigating deviations from plans, and proposing corrective actions.
  • Conduct in-depth financial analysis, modelling, and forecasting to identify risks and opportunities impacting the business, supporting strategic decision-making.
  • Act as a trusted advisor, partnering with cross-functional teams to understand their business objectives and provide financial guidance - identifying opportunities for cost optimization, process improvements, and revenue growth initiatives.
  • Actively pursue opportunities to streamline processes and enhance existing reporting with the mindset of continuous improvement for increased efficiency and accuracy.
  • Provide ad-hoc analysis and reporting as required by our stakeholders or the Finance Business Partnering Manager to support informed decision-making.

Farfetch operates an online marketplace that connects luxury fashion brands, boutique retailers, and consumers around the world. The platform allows users to buy and sell high-end fashion items, catering to a clientele that values quality and exclusivity. Farfetch partners with various luxury brands and boutiques, providing them with a digital space to showcase their products. The company generates revenue primarily through commissions on sales made through its platform, and it also offers additional services like digital marketing and logistics to help brands manage their online presence. A key aspect of Farfetch's business is its acquisition of companies like LUXCLUSIF, which enables it to enter the pre-owned luxury goods market. The goal of Farfetch is to create a comprehensive digital marketplace that enhances the shopping experience for luxury fashion consumers while supporting brands and retailers in reaching a global audience.

Company Stage

IPO

Total Funding

$682.9M

Headquarters

London, United Kingdom

Founded

2007

Growth & Insights
Headcount

6 month growth

-10%

1 year growth

-27%

2 year growth

-35%
Simplify Jobs

Simplify's Take

What believers are saying

  • Virtual try-on technology is gaining popularity in the luxury fashion sector.
  • Farfetch can strengthen its presence in China's competitive luxury eCommerce market.
  • Officina Bernardi's hyper-jewelry launch on Farfetch attracts discerning luxury consumers.

What critics are saying

  • Perfect Corp.'s acquisition of Wannaby may reduce Farfetch's competitive advantage.
  • Yoox Net-A-Porter's exit from China highlights challenges in the Chinese market.
  • Departure of key personnel may indicate instability in retaining top talent.

What makes Farfetch unique

  • Farfetch connects luxury brands and consumers through a unique online marketplace.
  • The platform offers modular end-to-end technology for the luxury fashion ecosystem.
  • Farfetch provides commerce solutions, enhancing brands' online presence and sales.

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