Financial Accountant - Gross Margin - 9 to 12M FTC

Milton Keynes, Buckinghamshire, United Kingdom
15 Jan 2021
01 Feb 2021
Approved employers
Approved employer
Job role
Experience level
Qualified accountant
Within Sainsbury's Finance, what we do touches the lives of thousands of colleagues and millions of customers. Every moment of every day. And so we look for people in our Finance team to be more than a number.

We think you'll find the work we do here fascinating, as it's varied and fast paced and critical to Sainsbury's success. We also feel really connected to our customers and to the brand values. Not lease because we can see the impact of the work we do.

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, with focus in this role being predominantly on Sainsbury's General Merchandise, Clothing and Habitat 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 the organisation's accounting policies
  • 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
  • Prepare the budget, forecast and latest view for all margin adjustments, and monitor associated risks and opportunities
  • 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
  • Deputise for the Finance Manager - Gross Margin Accounting, as appropriate

What you need to know and show
  • Professional Accounting Qualification or studying towards (ACA, ACCA or CIMA)
  • Experience in a large company environment, preferably Retail
  • 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)

What we offer

If being part of a hugely influential team wasn't enough, you'll also receive a host of great benefits. As well as a competitive salary and a huge range of learning and development opportunities, you'll also enjoy a 10% bonus, holiday allowance, pension, a save as you earn scheme and staff discounts at Sainsbury's, Argos and Habitat.

What decisions I can make including budget
  • Identify and apply correct accounting treatment for your functional areas and entities
  • Apply appropriate judgement in areas of complexity or ambiguity

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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