Business Analyst - DFS361348 in Shenzhen at DFS

Date Posted: 1/24/2020

Job Snapshot

Job Description

The role of the Business Analysic (BA) is to support the Operation and Control Director, China to develop and execute division financial, operations and control strategy, leading to the achievement of operating income and cash flow targets for the Division. The BA provides the VP – Wholesale Leader China and/or General Manager, Shenzhen and Hainan and Operation and Control Director China on day to day local financial and operational supports to all wholesale and retail business management teams in China. This role also acts as the local finance representative/contact with Tax Bureau, Finance Bureau and local auditors.

Key Responsibilities:
Support Financial Planning & Strategy
• Support VP- Wholesale Leader, China and Ops and Control Director China, to develop, manage and execute business plans in achieving financial strategies and goals for the division
• Prepare division financial KPI tracking and monitoring in relation to our wholesale contract as well as the sell through to the distributor and its POS locations/e-commerce operation
• Prepare the monthly financial close with the Global Finance and Corporate Reporting teams, identify the variances to budgets/forecasts, provide detail analysis for variance and flag out issues to management in a timely manner
• Participate in all contract bids and negotiations and seeks appropriate involvement of legal department
• Maintain relationships with wholesale partners, local banks, landlords, joint venture partners, and other suppliers
• Responsible for all local finance, accounting and tax matters
• Support the VP- Wholesale Leader, China and Ops and Control, Director China on day to day local finance, accounting and tax matters Budgeting, Forecasting and Strategic Plan
• Prepare the China business’ Budget, Forecasting and Strategic Plan following the direction of VP- Wholesale Leader, China and Ops and Control, Director China, with the aim to improve forecast accuracy using robust data source and trends
• Ensure timely and accurate reports which provide relevant information to the key stakeholders and communication, education, and management of financial targets with division stores and functional departments
• Prepare wholesale KPIs with our wholesale partners to predict business trends and provide financial insights to help the division make decisions at senior level
• Obtain and validate all necessary business data from wholesale partner which is an important part of DFS data source for planning purpose Retail management and logistics support to wholesale partners
• Assist the China (Shenzhen) wholesale team in developing store SOPs for our distributors/wholesale partners to meet with the DFS standard
• To provide efficient support to our wholesale partners on importation matters Wholesale margin monitoring and merchandising decisions
• Closely monitor the wholesale shipment sales and margin performance with timely report to VP- Wholesale Leader, China and Ops and Control Director China.
• Participate in the project analysis and modelling (margin simulation, CER etc) to develop the wholesale strategy for any future opportunities in China, and involve in the negotiation of the annual wholesale contract (supply volume by location and margin setting etc)
• Monitor the wholesale margin for DFS (changes due to brand mix, sku mix, location mix) and flag out any potential risk that will lead to adjustment of the level of guaranteed margin to our wholesaler partners (if necessary)
• Closely monitor the wholesale partner inventory controls, inventory ordering and replenishment process with our wholesale partners, monitor their stock depletion and month end balances
• Analyse the wholesale partner’s POS performance vs target and feedback to DFS merchandising teams
• Keep track of key projects implementation and achievement of key milestones
• Maintain a collaborative relationship with our wholesale partners
• Partnering with ICM on managing integrity of Wholesale partner Sales and Inventory in DFS system
• Continuously work with HK Logistics team to ensure smooth shipment process and reasonable fulfillment rate to ensure the achievement of wholesale sales target
• Step in to resolve (or flag out to management) any shipment issues, disputes with DFS logistic team or partner to ensure smooth importing
• Prepare sales and inventory analysis of the wholesale business

Key Requirements:

• College or University Degree in Business or Finance required
• 6 years of progressive financial & operating experience
• CPA certifications required
• Retail Industry, business analysis experience a plus
• Action Oriented
• Communication Skills
• Drive for Results
• Organizing
• Business Acumen
• Problem Solving
• Informing
• Priority Setting