Full-Time

Senior Financial Analyst

FP&a Merchandising Finance

Posted on 11/9/2024

Stitch Fix

Stitch Fix

1,001-5,000 employees

Personalized online styling and clothing delivery

Data & Analytics
Consumer Goods

Compensation Overview

$116k - $124kAnnually

+ Equity Grants

Junior, Mid, Senior

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Data Analysis
Requirements
  • 2-4 years of financial analysis, retail finance, merchandise planning, inventory planning or accounting experience with exposure to forecasting, budgeting and monthly close activities.
  • Proven experience with full-price and markdown forecasting models, applying retail best practices to optimize pricing strategies and financial forecasting.
  • Ability to analyze the financial impact of markdowns to optimize pricing strategies and margin flow-through.
  • Superior Excel skills, including basic financial modeling, and experience creating effective presentation slide decks.
  • Strong analytical, troubleshooting, problem-solving, and project management skills.
  • Ability to identify opportunities for business improvement and take initiative to drive necessary changes.
  • Ability to influence and drive decisions in partnership with Merchandising Buying and Planning teams.
  • Exceptional communication and interpersonal skills with proven success partnering and collaborating across a wide spectrum of functions.
  • Ability to work well in a demanding, fast-paced environment and manage competing priorities.
  • Highly self-motivated with a stellar work ethic and looking for the right company to support growth potential.
  • Experience with Anaplan, Essbase, and/or similar planning and reporting tools.
Responsibilities
  • Develop and work in close partnerships within finance and across the business to develop annual, quarterly and monthly budgets and forecasts including but not limited to merchandise margin, inventory, assortment architecture, style-level sell-through and opex.
  • Manage and track financial performance against annual budget, seasonal financial plans, and KPIs.
  • Analyze variances to plan and forecast, providing insight on current and expected trends, and identifying areas of risk and opportunities.
  • Translate complex forecasting insights into compelling narratives that convey rationale and context behind key metrics.
  • Participate in cross-functional projects and lead process improvement efforts, including dashboard and reporting enhancements.
  • Prepare monthly financial review presentations, recapping results vs. plan and forecast for management meetings.
  • Drive ad-hoc analysis and scenario modeling to aid in decision-making.
  • Evolve tools, enhance existing reporting, and improve business processes in partnership with Finance and the business.
  • Identify and quantify risk or upside due to business environment to offer solutions and aid in decision-making.
  • Assist with conducting ad hoc analysis and scenario modeling at the request of the finance team, management and business partners to aid in decision-making.
  • Own communications of shared calendars for forecast deadlines/dates for the Merchandise Finance team.

Stitch Fix offers a personalized online styling service that provides curated fashion selections to clients, primarily targeting busy professionals and fashion enthusiasts. Clients begin by completing a style profile that includes their size, style preferences, and budget. Using this information, Stitch Fix's stylists, aided by algorithms, select clothing items and accessories tailored to each individual. These items are shipped directly to clients' homes, allowing them to try on the selections at their convenience. Clients only pay for what they choose to keep, while a styling fee is charged for each shipment, which can be credited towards purchases. Stitch Fix differentiates itself from competitors by combining a subscription-based model with direct sales and focusing on personalized service. The company's goal is to simplify the shopping experience and expand its offerings, including direct buy options and international markets.

Company Stage

IPO

Total Funding

$46.3M

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-14%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for personalized fashion boosts Stitch Fix's market potential.
  • Digital retail subscriptions are growing, aligning with Stitch Fix's business model.
  • AI and virtual try-on tech can enhance Stitch Fix's service offerings.

What critics are saying

  • Rising competition from digital styling platforms like The Floorr.
  • Economic challenges may reduce consumer spending on Stitch Fix's services.
  • Demand for personalized expertise may strain Stitch Fix's stylist resources.

What makes Stitch Fix unique

  • Stitch Fix uses data algorithms for personalized fashion recommendations.
  • The company offers a unique subscription-based and direct sales business model.
  • Stitch Fix combines personal stylists with AI to enhance client experience.

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