Job Description

About Wakefern

Wakefern Food Corp. is the largest retailer-owned cooperative in the United States and supports its co-operative members' retail operations, trading under the ShopRite, Price Rite Marketplace, The Fresh Grocer, Dearborn Market, Gourmet Garage, Fairway Market, and Di Bruno Bros.

Employing an innovative approach to wholesale business services, Wakefern focuses on helping the independent retailer compete in a big business world. Providing the tools entrepreneurs need to stay a step ahead of the competition, Wakefern’s co-operative members benefit from the company’s extensive portfolio of services, including innovative technology, private label development, and best-in-class procurement practices.

About You

The Gross Profit Analyst supports the Gross Profit – Inventory Reporting Department by overseeing the accuracy and integrity of weekly financial reports across member service stores. This role requires deep expertise in gross profit and inventory accounting, strong analytical skills, and proficiency in systems such as ORACLE, RAPID, MicroStrategy, and Outlook. The analyst serves as a key liaison between storeowners, managers, and Wakefern staff, ensuring timely communication and resolution of financial inquiries. Success in this role demands exceptional time management, attention to detail, and the ability to thrive in a deadline-driven environment. Opportunities for involvement in financial reporting projects and process improvement initiatives are also part of the role.

Essential Job Functions:

The essential job functions of this position relate to member services responsibilities include, but are not limited to, the following:

• Analyze weekly Flash reports—including Sales and Gross Profit—as well as Fed-In, WROP, GP Summary, and Multiweek reports to ensure accuracy and consistency across all member stores. Investigate anomalies in inventory values and percentages and communicate findings to store management.
• Coordinate inventory data collection from stores and prepare rollsheets for nonperishable inventory audits conducted by third-party service providers. Evaluate and process inventory adjustments requested by store personnel or ownership.
• Record RX Department credits and shrink entries for returned products to maintain accurate inventory balances. Manage monthly and quarterly RX accruals to support financial reporting.
• Maintain and reconcile quarterly promotional schedules and related balance sheet accounts, including those for inventory, product, and RX accruals.
• Support midyear and year-end financial close processes by preparing schedules and documentation for internal review and external audit. Assist in responding to auditor inquiries and compiling required materials.
• Identify and recommend process improvements to enhance departmental efficiency and reporting accuracy.
• Participate in ORACLE system testing for Gross Profit reports and Mass Allocations to ensure data integrity and system functionality.
• Serve as a primary point of contact for member storeowners, addressing routine and ad hoc inquiries related to Gross Profit and Inventory.
• Provide training and guidance to members on interpreting Gross Profit reports and utilizing related tools. May be assigned special projects that leverage financial reporting expertise.

Qualifications

• Bachelor’s degree in accounting or finance required.
• Strong PC skills including Excel, Oracle, and Microsoft Office products.
• Ability to multi-task, work independently and meet necessary deadlines
• Strong problem solving, analytical skills and attention to detail
• Excellent verbal, written communication and customer service skills
• Meets requirements or better on last 2 performance appraisals
• Ability to work in a team-oriented, collaborative, fast-paced environment

Additional experience considered a plus for this posting

• Oracle General Ledger/Oracle Financials
• RAPID
• Awareness of underlying subsystems posting to GL i.e. Cash & Sales, Payroll, AP, AR, GP, etc.
• Excel4apps
• Cognos reporting software
• Basic understanding of gross profit

Working Conditions & Physical Demands

• Ability to work on a varied, flexible schedule to meet business demands, including off shift support in the event of critical production testing for upgrades and project go-live.
• Ability to monitor computer screens for long periods of time.
• Ability to work a hybrid schedule as established by the division (4 days on-site, 1 day remote)

Core Competencies

• Communicate Effectively: Communicates thoughts and ideas in a well-organized manner, encouraging two-way communication.
• Build Relationships: Creates cross-functional partnerships through the development and maintenance of constructive and cooperative relationships.
• Stay Competitive: Demonstrates a mindset of continuous improvement while exhibiting passion and enthusiasm for their work.
• Embrace Change: Looks for new ways of working by supporting advancements in processes and technology.
• Develop You: Identifies and capitalizes on opportunities for personal and professional career growth.
• Drive for Results: Supports divisional and strategic objectives through achievement of work goals.

Company Perks

• Vibrant Food Centric Culture
• Comprehensive medical, dental and vision package
• Competitive Salary and Paid Time Off
• Fitness Reimbursement and Well-Being Program
• Corporate Training and Development University
• Collaborative team environment
• Paid Parental Leave
• 401K
• Matching Gifts and Community Volunteer Involvement

Compensation and Benefits

The salary range for this position is $63,000 to $90,000. Placement in the range depends on several factors, including experience, skills, education, geography, and budget considerations.

Wakefern is proud to offer a comprehensive benefits package designed to support the health, well-being, and professional development of our Associates. Benefits include medical, dental, and vision coverage, life and disability insurance, a 401(k) retirement plan with company match & annual company contribution, paid time off, holidays, and parental leave. Associates also enjoy access to wellness and family support programs, fitness reimbursement, educational and training opportunities through our corporate university, and a collaborative, team-oriented work environment. Many of these benefits are fully or partially funded by the company, with some subject to eligibility requirements.

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