Gross Profit Analyst

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

Additional experience considered a plus for this posting

Working Conditions & Physical Demands

Core Competencies

Company Perks

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.