About the position
The client is seeking a detail-oriented and experienced Retail Financial Accountant to join their Finance team. This role is responsible for managing month-end financial processes, balance sheet reconciliations, payment reviews, and financial reporting across multiple retail operations. The successful candidate will play a key role in ensuring financial accuracy, maintaining strong financial controls, and supporting operational decision-making while contributing to continuous process improvement within the finance function.
RequirementsKey Responsibilities
Month-End & Financial Accounting
- Prepare and post all month-end journals across the client’s retail operations, including but not limited to:
- Sales and cost of sales
- Petty cash
- Stock opening and closing balances
- Stock losses
- Gross profit percentage reviews and variance analysis
- Courier charges
- Rental and utilities
- Bank charges and accruals
- Depreciation
- Prepayments
- Workmen’s compensation accruals
- Pre-operating cost reallocations
- Laybye sales
- Salaries (head office, distribution centre, retail, and casual staff)
- Management fees
- Perform accruals and reversals for rentals, utilities, and bank charges as required.
Payments & Banking
- Check and review all daily, monthly, and rental payments.
- Load confidential payments and assist with rental payment processing when required.
- Assist with resolving banking queries and cash-related discrepancies.
- Process cash flow payments and foreign exchange payments.
- Manage credit card queries with the bank, including new card requests, failed transactions, and amendments.
Reconciliations & Controls
- Review creditor reconciliations.
- Prepare and maintain balance sheet reconciliations.
- Oversee the processing and balancing of suspense and control accounts.
- Ensure compliance with internal financial controls and procedures.
Reporting & Analysis
- Prepare and update monthly financial reports and management breakdowns, including:
- Distribution centre cost splits and management fees
- Year-to-date and rolling 12-month store performance reviews
- Store targets and performance analysis
- Head office cost allocations
- Payment and supplier analysis
- Store comparisons
- Computer, packaging, and transport cost analysis
- Transport cost-per-unit testing and validation
People & Process Management
- Manage and support direct reports within the finance team.
- Review clock-in and attendance reports.
- Assist with streamlining finance processes to improve efficiency and productivity.
- Participate in and complete ad hoc projects and financial analysis as required.
Preferred Qualifications & Experience
- BCom Accounting Degree (or equivalent).
- Minimum of 5 years’ experience in a similar retail financial accounting role.
Desired Skills:
- Finance
- Banking
- Accounting.
Desired Qualification Level:
About The Employer:
