Oh Polly
Location
Wirral, Merseyside | United Kingdom
Job description
About Oh Polly
Founded in 2015, Oh Polly creates high-quality, innovative designs that are trend-driven, meeting our customers’ needs in an ever-evolving market without compromising on our global responsibility and ethical values. Our business model is social first, centred around our industry-leading Instagram and Facebook accounts.
2020 saw the launch of Bo+Tee, Oh Polly’s much-loved gym and activewear brand, followed by the launch of Neena Swim in 2021, focusing solely on stylish swimwear. Fast forward to 2022 and we now have a combined following of over 5 million across the brands, selling products in almost every single country around the world.
Operating internationally across key sites Glasgow, Wirral, London and LA, the business has grown to 400 employees. As we continue to expand our global presence, we are looking for talented, driven and ambitious individuals to join the Oh Polly team! Here, you can expect an environment to flourish, develop and take your career to the next level.
About the department:
In the Finance Department, we are going through an exciting period of growth and we need more people to help us achieve this. We have a fantastic opportunity to join the Finance team. Given the fast-paced nature and variety of the Finance department, there will never be a dull moment in the role.
As a Finance Manager – Gross Margin in our Finance Department, you will play a pivotal role in supporting the company's financial objectives and driving business growth. Working closely with cross-functional teams, you will provide strategic financial guidance, insightful analysis, and actionable recommendations to senior management.
Key responsibilities and duties:
Gross Margin Analysis
Lead the analysis of gross margin performance by product category, SKU, and sales channel. Identify factors impacting gross margin, including pricing, cost of goods sold, promotions, and markdowns. Provide actionable recommendations to optimise gross margin and mitigate margin erosion risks.
Pricing Strategy
Partner with Merchandising, Ecommerce, and Marketing teams to develop and implement pricing strategies that balance profitability with market competitiveness. Conduct pricing elasticity analysis, competitive benchmarking, and promotional impact assessments to inform pricing decisions.
Product Assortment Optimization
Collaborate with Merchandising and Product Development teams to optimise product assortment and mix based on gross margin objectives, customer demand, and market trends. Evaluate the profitability of new product launches and assortments to maximize gross margin contribution.
Cost Management
Work closely with Production teams to manage product costs and optimise sourcing strategies. Evaluate vendor negotiations, production efficiencies, and supply chain optimisation initiatives to reduce costs and improve gross margin.
Promotions and Markdown Management
Evaluate the financial impact of promotional activities, discounts, and markdowns on gross margin. Develop strategies to minimize margin dilution while effectively managing inventory levels and driving sales.
Financial Planning & Forecasting
Lead the development of gross margin forecasts, budgets, and targets in collaboration with the wider team. Monitor actual performance against targets, analyse variances, and provide insights to support decision-making and course corrections.
Requirements:
Benefits:
This Company is an equal opportunities employer
Oh Polly job positions are open to all suitably qualified candidates, regardless of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex or sexual orientation.
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