Financial Analyst

Qurate Retail Group Inc. West Chester , PA 19388

Posted 2 months ago

The Opportunity

The Financial Analyst will be responsible for supporting the Global Information Technology group. In this position you will assist the team with operational and capital financial management, internal financial analysis/reporting, and budget/forecast variance reporting.

The Financial Analyst in this role will coordinate with the Global Procurement team and Project Managers to ensure accuracy of purchase order creation, updates/extensions, reconciliation of invoice reconciliations, purchase order approvals and receipts. The position is based in West Chester, PA

Who We Are

At Qurate Retail Group, we believe in a Third Way to Shop - beyond transactional e-commerce or traditional brick-and-mortar stores - for customers who crave engaging shopping experiences. We're a select group of like-minded businesses that provide customers with curated collections of unique products, made personal and relevant by the power of storytelling. We combine the best of retail, media, and social to curate experiences, conversations, and communities for millions of highly discerning shoppers. We bring joy, inspiration, and humanity to shopping.

Your Impact

Financial Management

  • Provide financial analysis, guided modeling and advisory services to the Information Technology group. Provide management with accurate and timely information necessary to make strategic operating decisions

  • Track and report financial performance comparing actuals vs. budget, prior year/forecasts and determine cause of variance

  • Identify trends and factors leading to financial performance - recommend possible cost cutting strategies and solutions to manage risks and opportunities

  • Reconcile invoices for accuracy, track financial expenses and monitor actual results vs. budget

  • Work with IT employees to educate and train on financial procedures, policies and systems

  • Coordinate with Procurement, IT Managers and Project Managers to monitor status of purchase orders including: accuracy of data during creation, updates and extensions, reconciliation of invoice reconciliations, approvals and receipts

Business Analysis

  • Develop a baseline of cost of production and resource utilization - apply budgets to key projects, determine a return value on infra expenses

  • Predict/model impact based on changing key technology changes such as staffing, new technology implementations, retirement of platforms/software

  • Identify efficiencies and scalability and implement these across the department

  • Maintain a repository of existing vendor contracts and coordinate the timely renewal/termination or extension of contracts

  • Support the implementation and continued evolution of a more robust and automated budgeting and planning application

  • Support of the monthly forecast and annual budget process for their assigned business unit. This includes the development of supporting models and documentation for input into a Global business model. Including standardized template creation

Reporting

  • Maintain internal, online, financial systems with all relevant information to short and graph individual expense categories by department

  • Communicate the information to appropriate parties and reconciles the information with Finance, Procurement, Accounting, Tax, Legal to verify accuracy and completeness

  • Produce ad-hoc business unit performance reports and analytics that provide contextual and actionable information for the IT leadership team

  • Conduct monthly and quarterly review actual to budget and re-forecast for future quarters

  • Work collaboratively with assigned business unit management to continuously improve financial reporting and performance measurement

What you Bring

  • 2-4 years' experience in corporate finance, business analysis and/or equivalent experience. Strong analytical skills and financial modeling

  • Undergraduate degree in Accounting or Finance; Masters, CMA, and/or CPA preferred

  • Minor in Management Information Science a plus

  • Strong knowledge of GAAP as it relates to capital and expense accounting rules

  • Experience with preparing annual budget and capital forecast

  • Proficiency in Excel required

  • Strong verbal and written communication and interpersonal skills

  • Knowledge of SAP FI/CO, SAP Project Systems, SAP BPC preferred

  • Knowledge of financial management processes and accounting standards

  • Experience with portfolio management and capital expenditures and impact to all financial statements, preferred

#LI-NM1

MLT 2022


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Financial Analyst

Qurate Retail Group Inc.