Margin Accountant
- Recruiter
- Sainsbury's
- Location
- Milton Keynes, Buckinghamshire, United Kingdom, United Kingdom
- Salary
- 45,000
- Posted
- 18 Jun 2022
- Closes
- 06 Jul 2022
- Ref
- 21000WE9
- Approved employers
- Approved employer
- Job role
- Accountant
- Sector
- Retail and FMCG
- Experience level
- Qualified accountant
Location: Milton Keynes / London / Coventry and Home (2-3 days)
Division/Dept: Financial Control
Reporting to: Finance Manager - Gross Margin Accounting
In a nutshell
This purpose of the role is to ensure a high level of financial control in the accurate accounting for all margin adjustments outside of trading margin
What you need to do
Division/Dept: Financial Control
Reporting to: Finance Manager - Gross Margin Accounting
In a nutshell
This purpose of the role is to ensure a high level of financial control in the accurate accounting for all margin adjustments outside of trading margin
What you need to do
- Process and execute standard period end deliverables associated with all areas of margin adjustments accounting accurately and on time, ensuring all is in line with Group accounting policies
- Calculate stock provisions at half year and year end and provide valuable insight to understand risks we have within our stock holding
- Responsible for accounting for all margin adjustments including sales adjustments, cash discounts, supplier funding, freight/duty etc, pricing variances and FX impacts
- Prepare periodic balance sheet reconciliations and commentary for margin balance sheets, ensuring that all variances are investigated and explained
- Support external audit preparation and any Internal Audit requirements
- Consistently and regularly review and improve controls and processes around margin accounting
- Work closely with the Trading Finance team to ensure a shared understanding of the overall margin position and any issues that required commercial engagement
- Work with operations on improving operational processes and educating Operational colleagues on their impact on margin accounting processes
- Closely work with the Technology team to mitigate/fix any systems defects/issues impacting the accounting and reporting of margin
- Support finance transformation activity as required
- Perform a high standard of ad hoc analysis supporting the Senior Finance Manager and Financial Controller
- Provide strong and inclusive leadership to one direct report, in line with our values (Own it ; Make it better ; Be Human)
- Deputise for the Finance Manager - Gross Margin Accounting, as appropriate
- Professional Accounting Qualification (ACA, ACCA or CIMA)
- Effective communicator with stakeholders, ability to work collaboratively with stakeholders & build trusted relationships
- Team player, able to work effectively within frameworks without direct supervision
- Strong commercial acumen
- Experience in financial accounting and reporting and the systems to support such processes, with a strong understanding of the importance of strong financial control
- Experience in driving process simplification and improvements and a desire for continuous improvement to be best in class
- Strong planning and prioritisation skills
- Strong presentation and communication skills (both verbal & written)
- Resilience (flexible and able to cope with time pressure, risk & ambiguity)
- Experience in a large company environment, preferably retail
- Identify and apply correct accounting treatment for your functional areas and entities
- Apply appropriate judgement in areas of complexity or ambiguity
- One direct report (Gross margin Finance Associate)
- Access to personal development tools inclusive of Bitesize talks, online self-development tools, internal mentoring.
- On the job coaching