Merchandise Financial Planner
Contract: 12 month fixed-term contract
Location: Flexible hybrid working style with three days in the London office
The role
The MFP team owns the local MFP & OTB process for the business. The Merchandise financial planning specialist is the main contributor to the Global Buy Reviews and Open-To-Buys meeting of the cluster.
This person is responsible for managing the planning processes to improve the MFP & OTB methods to secure forecast accuracy and achieve optimization of sales and stock efficiency.
The role translates global strategy into actionable local items related to inventory and targets for stock and sell-in. The successful candidate feels comfortable in being the main point of contact for knowledge of OTB strategy execution and constantly review and keep up to date Open-to-Buy plans. The role requires attention to detail, care and passion for product together with adherence to seasonal calendar dates and solution-driven approach through critical thinking and creativity.
About Pandora
Pandora is the world's largest jewellery brand, specialising in the design, crafting and marketing of accessible luxury jewellery made from high-quality materials. Each piece is created to inspire self-expression, allowing people to share their stories and passions through meaningful jewellery. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,700 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 37,000 people worldwide and crafts its jewellery using only recycled silver and gold. Pandora is committed to leadership in sustainability and has set out to halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated revenue of DKK 31.7 billion (EUR 4.2 billion) in 2024.
Our people
Our global team of over 33,000 passionate individuals helped Pandora achieve record earnings in 2023, driven by a new long-term growth strategy. This rapid progress has fostered an ambitious and empowering culture.
As we grow, we continue to invest in our talent. We're seeking people who share our values and can help us realise our ambitions.
What to expect from the role
Merchandise Financial Strategy:
- Own the financial and qualitative merchandise plans by channel.
- Translate global merchandising strategies to local seasonal financial objectives;
- Identify local areas of potential and unexplored opportunities to maximise sales, make stock turn efficient and enhance positive margin trends.
- Keep up to date OTB plans and review monthly with Global team.
- Weekly review to monitor merchandise OTB plan vs last estimate financial expectations.
- Key stakeholder in communicating key dates of promotional plan to Global MFP/OTB team.
- Prepare analysis and files for cross functional meetings with finance team to ensure right visibility and knowledge of the merchandising strategy and OTB plans.
Budget Process:
- Collaborate with local finance in the budget setting and reviewing to secure Merchandising's bottom up forecast is considered in the final budget targets.
Open to buy process:
- Responsible for reviewing and updating the Open-to-Buy plans.
- Cross functionally align with finance and Senior leadership to set stock and DP targets aligned with sales expectations.
- Lead the cluster Global Buy Review and review investment strategies relative to local Forecast, Insights, and current sales trends.
- Communicate all merchandise plan data to Global MFP.
Financial Performance:
- Monitor and analyze financial performance, suggesting actions to achieve sales and profitability targets.
Inventory Management:
- Make analysis on current inventory trends in the cluster and identify possible actions for the next 12 months to optimize KPIs.
- Prepare and present weekly/monthly reports detailing all channel performance and actions.
Collaboration and Communication:
- Tight collaboration with Global merchandising for the implementation of financial strategy.
- Work closely with cluster finance and sales department to understand potential of expansion of collection/category, change in the network to plan accordingly.
The successful candidate
- Experience in working within Merchandising and/or Merchandising planning in a multi/omni channel company.
- Experience and passion for the cluster retail market and a deep understanding of the seasonality and the customer.
- Is proactive in planning to achieve targets and objectives which deliver profitable outcomes
- Strong communication skills with business stakeholders
- Flexible and adaptive to changing priorities.
- Delivery focused with excellent attention to detail and strong drive to resolve issues
- Strong team working and collaboration skills
- Respects individual's views and positively contributes to a learning environment in which individuals are supported and encouraged to excel
- Behaves consistently and with integrity at all times, realising everyone's potential to get the best possible result and live the values
Craft Your Future with Pandora: A Career Built Around You
At Pandora, your career is a journey of growth, development, and limitless potential. We believe in empowering you to shape your own path and craft your own incredible.
What We Offer
- Career Development & Growth: Be at the forefront of an inspiring journey with tailored development plans, mentorship, and regular reviews to ensure you're on track to achieving your goals.
- Competitive Salary & Regular Reviews: We make sure your efforts are rewarded fairly, with regular opportunities to review your progress and success.
- Generous Bonus Scheme: Your hard work doesn't go unnoticed, with opportunities to earn performance-related bonuses.
- Hybrid Working Flexibility: Strike the perfect balance between collaboration and focus, with three office days and two work-from-home days between Monday and Thursday.
- Early Finish Fridays: Start your weekends early by finishing work at 3 PM every Friday.
- Private Healthcare: Your wellbeing is our priority, with access to private healthcare that keeps you covered.
- Employee Discounts & Perks: Enjoy 55% off Pandora products and exclusive access to discounted brands, cinema tickets, gym memberships, holidays, and more.
- Annual Leave & Flexibility: 25 days annual leave plus bank holidays, with the option to buy or sell leave, and your birthday off to celebrate YOU!
- Wellness Hub & Support: Access to wellness resources and a dedicated Employee Assistance Programme offering free, confidential support 24/7.
- Recognition & Celebrations: Your achievements are our success. With a recognition programme and regular celebrations, we ensure every success is shared and appreciated.
At Pandora, we believe in creating not just a job, but a journey of fulfillment, growth, and success. If you're ready to take the next step in crafting your incredible career, join us and let's build something extraordinary together.
Your future is waiting - craft the incredible with Pandora!
Please understand that due to the large number of applications, we regret that only online applications can be considered. Please click apply to submit your application.
Pandora's recruitment procedures are designed to be transparent and clear for all candidates. This helps us ensure that applicants are provided with a fair and equal opportunity to demonstrate their competencies and skills by removing blocking factors, possible biases, and risks of discrimination. We encourage everyone applying to our vacancies to refrain from adding identity-related elements such as a photo, marital status and age.
*If you require reasonable adjustments in place during your interview(s), please make us aware as soon as possible*
#J-18808-Ljbffr