Sainsbury's

Financial Accountant - Trading

Recruiter
Sainsbury's
Location
Milton Keynes, Buckinghamshire, United Kingdom, United Kingdom
Salary
Competitive plus benefits
Posted
01 Jul 2022
Closes
15 Jul 2022
Ref
220004QK
Approved employers
Approved employer
Experience level
Qualified accountant
Location: Milton Keynes / London / Coventry and Home (1-2 days)

Division/Dept: Financial Control

Reporting to: Finance Manager - 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
What you need to know and show
  • Professional Accounting Qualification (ACA, ACCA or CIMA) or Finalist
  • 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
What decisions I can make
  • Identify and apply correct accounting treatment for your functional areas and entities
  • Apply appropriate judgement in areas of complexity or ambiguity
Directly or indirectly manages
  • One direct report (Gross margin Finance Associate)
Support we will provide
  • Access to personal development tools inclusive of Bitesize talks, online self-development tools, internal mentoring.
  • On the job coaching
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