Financial Analyst II

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. At New Balance, We Got Now.

JOB MISSION:

New Balance’s Financial Analyst position will be responsible for management reporting, as well as other close, forecast, and ad hoc reporting requests and projects to support the Direct-To-Consumer Team. This position will support various business areas as it relates to global e-commerce and retail, providing analysis and reporting for actuals, forecast and budget through use of financial and business analytics tools.

KEY RESPONSIBILITIES:

• Reporting &amp Analytics:
  • Prepare monthly forecast, causals and risks and opportunities for assigned cost centers
  • Budgeting and forecasting: lead annual budget as well as monthly forecast process and then monitor delivery of key financial targets through robust and regular performance reviews with business stakeholders, taking early action when deviations occur specific to Global DTC cost centers.
  • Communication out of all month end actual and forecast results to key stakeholders
• Month end close activities (journal entries, balance sheet reconciliations and headcount analysis)
• Work closely with commercial teams and the IT department to develop and maintain analytical dashboarding relevant to the direct-to-consumer business.
• Provide project support to senior management
• Be prepared to support other Regional ad hoc assignments as needed

KEY CUSTOMERS

• Global Direct to Consumer commercial teams and finance counterparts
• Senior leaders of the SG&ampA supported area’s
• Cost Center Managers from various departments which will include:
  • Global Visual Merchandising
  • Global Retail &amp Real Estate
  • Global Ecommerce
  • DTC Retail Systems
  • IT Consumer Experience Strategy

MEASURES OF SUCCESS

• Thorough and timely completion of the accountabilities listed above
• Key customers have the analysis and tools they need to manage their business
• Demonstrate learning of the NB cost center structure as well as systems (i.e. Oracle, D365)
• Processes are continuously challenged for accuracy and operational improvement
• Models understanding of “big picture” financials
• Ability to operate in a matrix organization and develop good working relationships across many functions, regions and distribution channels.

REPORTING STRUCTURE

• Reports to Global DTC Finance Manager within the Global DTC Finance team that rolls up into the larger International Finance team based in Boston, MA

REQUIREMENTS FOR SUCCESS

• Bachelor’s Degree (Business or Finance preferred)
• 2-3 years’ minimum experience with forecasting, budgeting, cost center management
• High proficiency with computer software, including Microsoft Word, Excel, Outlook, and PowerPoint
• Power BI or similar business intelligence/analytical tool knowledge preferred
• Ability to multitask in order to meet tight timelines
• Good verbal and written communication skills and ability to work well in cross functional teams
• Confident, self-starter who can multi-task, and think proactively.
• Exhibits strong quantitative, analytical and problem-solving skills
• Ability to navigate and be flexible with hybrid working (office and remote)

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 and takes affirmative action 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.