Senior Financial Analyst

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 Senior Financial Analyst will work with the Canada Finance Team and play a vital role in performing full cycle accounting functions and analyzing key operational reports. The role will support month-end close, forecast and budgeting, reporting and balance sheet reconciliations for general ledger accounts as assigned. The role reports to the Assistant Financial Controller on our Canada Finance Team

MAJOR ACCOUNTABILITIES:

• Accounting Close: Manage monthly journal entries, GL account reconciliations, and year-end close processes, including adjustments and corrections.
• Inventory Management: Handle inventory reconciliations and reserves and resolve discrepancies.
• PPV Analysis: Conduct Purchase Price Variance analysis, including duties, freight, and warehouse costs
• Intercompany Reconciliation: Perform reconciliations for intercompany transactions.
• Expense & Variance Analysis: Analyze P&L variances and retail SG&A expenses, providing insights and cost-efficiency recommendations.
• Financial Reporting: Create financial packages, including wholesale and retail performance analysis, and produce detailed sales, gross margin, and payroll reports.
• Forecasting: Manage retail forecasting, collaborating with the Retail finance team to project sales, COGS, SG&A, and key metrics by product line, ensuring accurate financial planning.
• Process Improvements: Design and enhance financial models, streamline processes, and implement best practices for efficiency.
• Ad Hoc Support: Support financial system implementations (D365/Oracle EPM), document processes, and assist with ad hoc assignments.

MEASURES OF SUCCESS

• Timeliness and accuracy of the financials.

• Success will be measured by the individual's ability to complete their responsibilities with tight deadlines and a high level of accuracy. They will also be measure on their ability to add value to the company by providing valuable commentary to the financials.

• The candidate should also be able to identify and resolve more complex problems and apply problem-solving skills in-order to deal with various situations

REQUIREMENTS FOR SUCCESS

• Bachelor's degree in finance or accounting.
• CPA designation preferred
• 5-8 years of experience in accounting and financial reporting
• High proficiency in Excel, Microsoft Office, and database packages; experience with Oracle EPM and Microsoft D365 is preferred.
• Background in the sporting goods or retail industry is an asset
• Strong analytical and problem-solving skills with attention to detail, accuracy, and the ability to multitask, manage time effectively, and meet deadlines in a hybrid work environment.

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 hybrid model encourages rich in-person experiences, showcasing our commitment to teamwork and connection, while providing high levels of flexibility to associates. North American office-based associates are expected to come into the office on Wednesdays, with other occasional in-office days for in-person meetings and events as needed. Our offices are fully open and amenities are available across our North American office locations.

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.