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Gross Margin Accountant

At Sainsbury’s Argos, the great digital transformation is under way. It’s our aim to become the digital market leader in choice, value and convenience, so our Finance teams are more important to us now than ever before. They’re the people who provide support across the business and help make the crucial decisions that will allow us to develop into a leading digital retailer.

We have joined Sainsbury’s in our journey to become a leading retail organisation and ensuring we place our customers at the heart of everything we do. Together we have a great opportunity to build a brilliant future and do a fantastic job for all our customers.

The Role:

The Financial Accounting Team will provide the financial controls to safeguard our business and provide accurate and insightful numbers to understand performance. This team provides assurance of accuracy of accounts, liaising with Audit and Sainsbury Group to provide understanding of company performance with an appetite to ensure risks and opportunities relating to sales and margin are identified, understood and mitigated where possible.

As Gross Margin Accountant, you will deliver process excellence and expertise, period-end and technical accounting for sales to margin including IFRS5s, DI Cost Model, Merchandise Price Variances and EROS / GRN processes with guidance from the Gross Margin Accounting Manager. In this role you will produce end-to-end budgeting, forecasting and analysis for the relevant areas, creating stakeholder relationships to ensure costs and discretionary spend is understood by stakeholders.

As Gross Margin Accountant, your main responsibilities will include:

To deliver period, quarter and yearly reporting for Sales adjustments including IFRS5s, (P&L, Balance sheet & Cash), provide robust analysis of drivers and variances to all relevant stakeholders.
Work closely with Manchester Sales Processing Teams to understand Polling Failures processes and explain variances to all relevant stakeholders.
Deliver appropriate financial control and technical knowledge to ensure IFRS5s and any other Sales adjustments adhere to Financial regulations and are in line with Sainsburys Group accounting policies.
To deliver budgets, forecasts for Sales adjustments to enable management to make decisions based upon the most up to date and accurate views of current and future performance.
To deliver robust Cost Model assumptions for imported products for future catalogues with assistance from Distribution Finance and Gross Margin Accounting Manager. To ensure cost model assumptions are accurately and consistently reflected in Rockblocks.
To drive improvements in quality and efficiencies of cost model data in Rockblocks ensuring accurate accounting and MI delivers the information required.
To provide accounting expertise and control for Merchandise Price Variances for Imported Products.
Identify and implement opportunities to improve finance processes related to all the above areas.
Oversee financial controls, identify where controls are not operating and drive remediation.

Your skills & experience will include:

Qualified Accountant with indicative 0-3 post-qualification experience (or studying towards a professional accounting qualification)
Ability to present complex information in a simplified manner.
Ability to identify process issues, understand & fix root causes.
Strong analytical skills, Excel & Access skills and attention to detail.
Ability to work fluidly with data and across systems e.g. reporting tools.
Fantastic inter-personal skills, an empathetic nature and a good sense of humour.
Strong engagement, presentation and communication skills.
Experience in driving process simplification and improvements.
A desire for continuous improvement to be best in class.

What you’ll get in return:

If being part of a hugely influential Finance team wasn’t enough, you’ll also receive a host of great benefits. As well as a competitive salary and bonus scheme you will receive a huge range of learning and development opportunities, 22 days’ holiday, a save-as-you-earn scheme, pension and staff discounts at Argos, Sainsbury’s and Habitat.


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