Financial Accountant - Trading

Milton Keynes, Buckinghamshire, United Kingdom, United Kingdom
Competitive plus benefits
01 Jul 2022
15 Jul 2022
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

Similar jobs

Similar jobs