Retail Financial Analyst
New Balance · Lawrence, MA Corp ·
- Work mode
- Hybrid
- Employment
- Full time
- Category
- Finance
- Experience
- 4+ years
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:
The New Balance Retail Financial Analyst will bridge the gap between retail store operations and retail finance by driving inventory control and delivering payroll and SG&A analysis. This role helps protect the bottom line, reduce financial risk, and provide district and regional leaders with the insights needed to make informed, data-driven decisions. The position works cross-functionally with Store Managers, Retail Operations, Sales Planning, Marketing, and Merchandising to support financial decision-making, operational execution, and continuous process improvement.
MAJOR ACCOUNTABILITIES:
Inventory Control & Reconciliations: Coordinate, reconcile, and finalize retail store physical inventory counts; review material discrepancies and provide variance insights to support timely resolution.
Invoice & Dispute Resolution: Investigate aged or unmatched inventory invoices and PO variances, partner with cross-functional teams, and resolve processing delays.
Payroll Analysis: Execute and maintain recurring payroll reporting, ensuring timely and accurate metrics are provided to stakeholders to support labor budgeting, trend review, and decision-making.
SG&A Analysis: Audit SG&A expenses, monitor variances against forecast, and identify unusual activity or trends requiring follow-up with retail leadership.
Month-End Close Support: Complete required month-end close activities, including journal entry submission, ledger analysis, account review, and follow-up on variances or reconciling items.
Leadership Reporting: Prepare and distribute performance, visibility, and exception reporting to regional leadership, highlighting key trends, financial risks, and opportunities for operational improvement.
Finance Liaison & Store Support: Serve as a finance liaison to train store associates, reinforce process understanding, and resolve inventory issues, system errors, and operational questions in partnership with store and field leadership.
REQUIREMENTS FOR SUCCESS:
Bachelor’s degree in finance, accounting, or a related field.
2-4+ years of experience in finance or accounting; retail industry experience is a plus.
Advanced proficiency in Microsoft Office products, including Excel, PowerPoint, and Outlook
Excellent written and verbal communication skills.
Knowledge and experience with Oracle Cloud, Microsoft D365, Spotfire, and Power BI.
Self-driven with a strong work ethic, organization skills, and reliability.
Sense of urgency with the ability to adapt in a fast-paced retail finance environment.
Team player with the ability to build impactful relationships with peers, store teams, and cross-functional partners.
Analytical Thinking: Demonstrates strong problem-solving skills, attention to detail, and the ability to investigate missing line items, unexplained variances, and recurring process issues.
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 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, or any other protected status.