Farfetch

Finance Director - Accounting

Porto, Porto District, Portugal

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Consumer Goods, Luxury FashionIndustries

Requirements

Candidates should possess a Bachelor’s degree in Accounting, Finance, or a related field, with a minimum of 10 years of progressive experience in accounting and finance roles, including at least 5 years in a leadership position. Strong knowledge of US GAAP, IFRS, and SOX compliance requirements is essential, along with experience in month-end and year-end close processes, financial reporting, and internal controls. Experience with ERP systems and data analytics is highly desirable.

Responsibilities

The Finance Director – Accounting will lead all aspects of accounting operations globally, ensuring the integrity and accuracy of financial data and compliance with relevant regulations. They will oversee the month-end and year-end close processes, drive continuous improvement and transformation within the accounting function, serve as a key business partner to the CFO and executive leadership, and manage relationships with external auditors and regulatory bodies. Additionally, they will provide leadership and technical guidance to a team of accounting professionals, fostering a culture of excellence and collaboration, and collaborate with cross-functional teams to align finance with broader business operations.

Skills

SOX
GAAP
IFRS
Financial Reporting
Process Automation
Financial Analysis
Risk Management
Auditing
Tax Advisory

Farfetch

Online marketplace for luxury fashion items

About Farfetch

Farfetch operates as a global online marketplace for luxury fashion, linking high-end brands and boutique retailers with consumers. The platform allows users to browse and purchase a wide range of luxury items, ensuring that both brands and retailers can reach a worldwide audience. Farfetch's business model is centered around facilitating these transactions, earning revenue primarily through commissions on sales made through its site. Additionally, it offers services like digital marketing and logistics to help its partners enhance their online presence. A distinguishing feature of Farfetch is its acquisition of LUXCLUSIF, a luxury resale platform, which enables it to cater to the growing demand for pre-owned luxury goods. The company's goal is to provide a seamless shopping experience for luxury fashion enthusiasts while supporting brands and retailers in expanding their reach.

Key Metrics

London, United KingdomHeadquarters
2007Year Founded
$682.9MTotal Funding
IPOCompany Stage
Consumer Software, Consumer GoodsIndustries
1,001-5,000Employees

Benefits

Health Insurance
Flexible Work Hours
Employee Pension Scheme

Risks

Increased competition from Mytheresa could impact Farfetch's market share.
Farfetch faces challenges in maintaining its presence in the Chinese market.
The sale to Coupang indicates potential financial instability for Farfetch.

Differentiation

Farfetch connects luxury brands and consumers through a unique online marketplace.
The platform offers modular, API-enabled technology for luxury fashion brands.
Farfetch provides commerce solutions, enhancing brands' online presence and sales.

Upsides

Virtual try-on technology is gaining popularity in luxury fashion.
Farfetch can capitalize on Yoox Net-A-Porter's exit from China.
Exclusive partnerships, like with Officina Bernardi, enhance Farfetch's offerings.

Land your dream remote job 3x faster with AI