Accounting Specialist (Store Finance)

Accounting Specialist (Store Finance) is responsible for the all reporting requirements for various business segments and handles business channels such as wholesale, e- commerce etc.

• Management Report (Cost/Profit Centers
• Statutory Reporting
• Balance Sheet Account management

Responsibility:

Management Report

• Collates and updates Management Report data (budget, target, last year, last month) for assigned SBU accounts for various business segments
• Generates, validates and analyzes Trial Balances for abnormal and unusual balances and coordinates with affected functions for corrections and adjustment
• Analyzes, reconciles and validates consolidated reports for various business segments and/or profit/cost centers
• Prepares, finalizes and submits monthly consolidated reports for various business segments and/or profit/cost centers to Financial Reporting Manager
• Reviews, validates, analyses and reports balances between TB and MR, evaluates and identifies variances to ensure correctness of adjustments and reclassifications
• Summarizes significant or unusual transactions, validates analytics, entries and events as basis of Finance Heads in explaining and understanding of actual numbers in the MR
• Answers to queries and ensures accuracy of financial data, reviews and evaluates inputs from various functions and finalizes management report for assigned business segment
• Collaborates with other functional team (AR, Real estate team, within or outside JWS, vendor for loyalty program etc.) for a more detailed and elaborate reporting analysis of accounts/transactions

Statutory Reporting

• Prepares and reviews schedules for Statutory reporting
• Prepares and submits required notes to Financial Statement for statutory submission (Local State for Federal reporting)
• Coordinates with External Auditors for any reports, schedules, requirements for both year end and interim audits
• Answers to queries and ensures accuracy of financial data, reviews,
• Evaluates and monitors inputs form various functions and leads closure of management letter items raised by auditors in the assigned area

Balance Sheet Account Management

• Analyzes balance sheet GL accounts and assesses correctness, accuracy, validity and reasonableness of recorded transactions
• Reviews and updates assigned BS accounts and drives improvement of processes/policies to achieve accuracy of the account
• Prepares monthly Bank reconciliation and ensures that all outstanding items are resolved and escalated to appropriate function. (i.e. Treasury, Payroll, AP etc.)
• Prepares, validates and analysis various entries for accruals and adjustments as necessary
• Monitors all BS accounts for assigned legal entity, proposes financial adjustments to SBU Finance/ Comptrollership for clean-up, write on/off for various accounts
• Directly responsible for managing common accounts assignment and all accounts within the assigned business segment
• Coordinates with various functions, participates in discussions, planning, execution of strategic solutions for improvement of quality reporting

Other Reports & Requirements

• Prepares, analyzes, reviews, consolidates and finalizes reports for submission to Functional Manager and Service Leaders
• Lead complex reporting requirements that may be assigned from time to time

Internal & External Audit

• Responds to audit findings and drives quality resolution and closure
• Prepares, consolidates, validates and submits documents, schedules, reports, and data as requested by auditor
• Leads audit activities for both interim and year end

Organizational Excellence

• Prepares and consolidates monthly Service Level Agreement (SLA) results and discusses with Financial Reporting Manager
• Reviews and evaluates quality resolutions of account and report assignments and inputs from other functions and proposes corrective actions to resolve issues
• Ensures compliance with policies and statutory regulations, stay abreast of regulatory and professional guidelines and developments affecting areas of responsibility
• Participates and initiates activities to achieve service quality delivery of reporting requirements
• Participates in team huddles & meetings, for multi-functional activities related to reporting and balance sheet account management
• Identifies & recommends opportunities or solution within function to improve delivery of SLA

Job Qualifications:

Educational Background: Any bachelor’s degree related to Finance and Accounting, preferably BS Accountancy.

Experience: Requires 2 years of experience in Management and Financial Reporting or any related accounting field