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Financial Accounting Analyst

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 joined Sainsbury’s in September 2016 on 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 provide the financial controls to safeguard our business and deliver 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.

In this role, you will deliver process excellence and expertise, period-end and technical accounting for the Direct Imports area with guidance from the Gross Margin Accounting Manager. You will be responsible for delivering end-to-end budgeting, forecasting and analysis for the relevant areas and be accountable for building stakeholder relationships to ensure costs and discretionary spend is understood by business.

What I need to do:

To deliver period, quarter and yearly reporting for Direct Imports area, (P&L, Balance sheet & Cash), provide robust analysis of drivers and variances to all relevant stakeholders.
Deliver appropriate financial control and technical knowledge to ensure Direct Imports accounting adjustments adhere to Financial regulations and are in line with Sainsbury’s Group accounting policies.
To deliver budgets, forecasts for Direct Imports area 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 drive improvements in quality and efficiencies of cost model data in Rockblocks ensuring accurate accounting and MI delivers the information required.
To maintain and analyse various operational trackers including Seafreight, Haulage, Duty and other to ensure correct accruals and aid operational discussions.
To work closely with Hong Kong entity to ensure commissions model is correctly accounted for and reconciled on the intercompany basis.
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.
Share relevant tools and lessons learnt with Finance & Non-Finance stakeholders.

Your skills & experience will include:

Qualified accountant (ACA/ACCA/CIMA) with ideally 2+ years post qualified experience.
Prior experience working within a similar financial / technical accounting role.
Ability to present complex information in a simplified manner.
Ability to identify process issues, understand & fix root causes.
Strong analytical skills, Excel & Access skills with attention to detail.
Ability to work fluidly with data and across systems e.g. reporting tools.
Be assertive, challenging and confident with strong inter-personal skills.
Strong engagement, presentation and communication skills.

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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