Stock Accountant

Salary: £72,000 – £96,000 per year

Fantasitc opportunity to work with global retailer on a 6 nmonth fixed term contract to support with their stock / inventory. You will be ACA or ACCA qualfiied with a good academic record and knowledge of IFRS and UK GAAP.

You will work closely with the Financial Controller to deliver robust financial processes, procedures and reporting for inventory related areas. Lead the finance elements of Inventory projects across the business ensuring the control environmwnt is appropriate and risk is managed.

Develop the quality and timeliness of reporting surrounding inventory and be the key point of contact with the External Auditors at year end

You will have the capability of managing a small team reviewing output

Core Duties include:

* Production of monthly stock reconciliations for warehouse and store stock to JDA (and Oracle post stock module Go-Live)

* Oversee the overall stocktake and provision calculation processes including the appropriate process are in place to deal with any significant issues not resolved in the store or warehouse

* Work with the retail and IT team to identify and understand results produced

* Monitoring of transactions to identify potential errors between different systems

* Understand the “as is” for the stock reconciliations and drive improvements in processes

* Understand and communicate reasons for key variances each month

* To oversee and also produce certain balance sheet reconciliations

* To look to challenge current ways of working

* Understand the multiple systems used currently and how these come together to report stock for the group

* Understand the “as is” stock accounting processes and determine how we should operate under the new ERP aligning as required

* Provide analysis of balance sheet movements v forecast

* Produce a terminal provision for all stock in the business and manage this on an ongoing basis including preparing evidence for judgement calls made by senior management

* Review and management of historic inventory accruals and WAC adjustments

* Investigation of any unusual/unexpected movements in the balance sheet/ P&L

Measures of Success:

* Delivery of accurate, high-quality, information to key stakeholders meeting defined reporting timetables

* Improvement of key financial reporting processes around Inventory in order to support the reporting timelines including the incorporation of outputs from the new ERP system

* Delivery of a clean audit opinion for Inventory balances for the year-end and other ad-hoc audit timings as and when required

* Delivery of agreed ad-hoc objectives as agreed with Finance Controller