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Supplier Funding Finance 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.

Sainsbury’s Argos is at the heart of the Group’s growth strategy. Since joining Sainsbury’s, Argos has revolutionised the way we do business, bringing expertise, technological innovation and hugely talented people to the team. We have outperformed the market in a number of our key business areas by presenting customers with convenience, choice and value. As well as opening c.280 Argos stores in Sainsbury’s supermarkets, customers can also pick up their Argos and Tu clothing orders from 320 collection points in our supermarkets and Convenience Stores, where customers can also collect eBay and DPD parcels. Our own delivery network is also breaking new ground. We are the only retailer in the UK who can deliver to 92% of UK postcodes within four hours.

The Role:

Supplier income is a complex area that is constantly evolving. We have many different types of funding arrangements with suppliers that each provide unique complexities towards reaching our aim of recognising, collecting and accounting for funding as effectively and efficiently as possible. This role will support the accounting, forecasting, reporting and collection of supplier income and be a key point of contact for all supplier income related activity.

This role will simplify our existing processes, improve the reporting of funding to enable a better understanding of gross margin performance, ensure reconciliations are of an appropriate standard and that we account for supplier income in-line with the Group’s accounting policies. You will ensure that we develop best practice in the area of supplier income accounting and that the commercial teams understand and are engaged with the road map in this area.

Your main responsibilities will include:

Apply technical knowledge to ensure that we account for each type of supplier income accurately.
Work with the commercial teams across both Milton Keynes (base location) and Coventry sites and other finance teams (including processing teams in our Manchester SSC) to improve the audit trail and recording of the documented support for funding agreed with suppliers.
Regular engagement with commercial buying teams to understand their funding arrangements and any variances.
Play a key part in the supplier funding roadmap, supporting with projects in this space and ensuring engagement with the buying teams.
Manage period-end processes and reconciliations for the key supplier income accounts, including liaising with other finance teams such as Gross Margin and Marketing Finance as appropriate.
Timely and accurate provision of weekly and period-end reporting to enable the commercial teams to understand their funding position and to ensure various finance stakeholders are abreast of key information.
Take ownership of audit deliverables for supplier funding and constantly strive for ways to improve our control environment in this area.

Your skills & experience will include:

Graduate calibre qualified accountant with at least 3 years’ finance experience.
Strong analytical skills supported by excellent IT skills in Excel. Business Objects knowledge desirable.
Possess strong influencing skills with ability to influence a range of stakeholders across all levels.
Team player with good presentation and communication skills (both verbal & written)
Experience in a large company environment, preferably Retail or Audit.

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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