Senior Accountant- Stock Accounting at H&M Group

, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

19 Apr, 26

Salary

0.0

Posted On

19 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Inventory Accounting, SAP, Excel, Communication, Teamwork, Reconciliation, Journal Entries, Knowledge Transfer, Problem Solving, Planning, Collaboration, Reporting, Process Improvement, Stakeholder Engagement, Training

Industry

Retail

Description

Job Description WHAT YOU’LL DO As a Senior Accountant- Stock Accounting you are responsible for the daily operations of the designated areas of Record to Report processes by ensuring that the processes are handled in a timely manner. You develop and improve our way-of-working with stock accounting processes and are responsible for enabling efficient collaboration with relevant stakeholders, to ensure quality within our reporting. Key Responsibilities Make sure and execute the daily operation in an efficient way within in the stock/inventory GL Accounting area according to the SLA including but not limited to: Perform Preparation & review of accrual/journal entries in excel template, uploading the journal entries in Cadency tool Journal Module. Must possess knowledge on closing tasks in Close Module, Certification module in Cadency Must possess deep understanding of the stock accounting processes within H&M Group. Ensure the Reconciliation/Accounting Guidelines are followed for all the balance sheet reconciliations. Ensure there is regular follow-ups in place to clear open-line items in reconciliations. Ensure there are no duplicate journal entries processed by running reports from SAP. Ensure the journals parked in SAP/Assigned in Cadency tool have substantial supporting(s) before the journal is approved. Ensure there is dual-review process for high-value journals. Work closely with Team Lead in allocating/assigning the tasks to the accountants. Assist the accountants in case they need help on understanding the activity. Assist the accountants in getting the required inputs that have dependency to carry out tasks/activities. Actively participate in the knowledge transfer of activities, ask relevant questions, assist accountant in case of queries/doubts in the KT session. Document the KT session, create DRAFT/update SOP’s as per instructions. Track the Knowledge transfer activities. Ensure the Internal review of journals/reconciliations/reports performed as per the defined Stratified random sampling size/method. Approve GL reconciliations ensuring 100% accuracy. Must have very good knowledge on SAP T-code tool on booking/reviewing journal entries, extracting reports, performing account reconciliations. FB03, FB02, FBL3n, FBL1n, FBL5n etc Must have very good excel knowledge on creating / maintaining trackers related to process. Perform peer to peer review within the team (as required) Should have worked in at least one or two of the functions. And should possess domain knowledge on these functions: Fixed Asset, Payroll, Cash, Intercompany, Inventory, Revenue accounting, OPEX. Should be a team player and support the peer (when required) in completing the tasks. Ensure the leads are well-informed in case of any issues/delay in performing the activities. Ensure the leads are kept informed about any emergency leave. Ensure enough back-up/succession plan in place before hand so that no surprises on the deliverables. Should take part in team / floor level activities. Be an active member of the team in sharing best practices, ideas etc. Raise issue/ensure to keep the management informed in un-foreseen circumstances. Be open to learn new activities within the team to upgrade self and share knowledge with another peer group. Should have good communication skills/emails which is required to ask relevant questions, liaise with other departments like AR and AP and relevant stakeholder. Should have good writing skills to ensure emails from various stakeholders are actioned on timely manner and responded to with adequate information. Ensure clear communication to internal and external stakeholders WHO YOU’LL WORK WITH At H&M Group, you will be part of the Stock/Record to Report team in Global Accounting within the Shared Services. Our mission is to ensure development and improving the way of working with stock accounting processes and enabling efficient collaboration with relevant stakeholders to ensure quality within the reporting. By acting in line with our values, having the right mindset and leadership the team contribute to H&M’s business success. WHO YOU ARE We are looking for people with: University degree or higher education within Business Administration (or similar) or equivalent experience within accounting/finance (B.COM/M.COM/MBA/semi-qualified) Accounting skills is must Candidate must have worked in Inventory Accounting and possess inventory accounting skills 5+ years in R2R or 7+ year of overall experience within a similar role, good knowledge of general accepted accounting practices) is an advantage. Communication skills – training others and giving both internal and external support in all communication channels and forums. Planning and optimize. Both written and oral English skills are mandatory WHY YOU’LL LOVE WORKING HERE At H&M, we are proud to be a vibrant and welcoming company. All our employees receive a staff discount card, usable on all our H&M brands in stores and online. Brands covered by the discount are H&M (Beauty and Move included), COS, Weekday, Monki, H&M HOME, & Other Stories, ARKET, Afound. In addition to our staff discount, all our employees are included in our H&M Incentive Program – HIP. In addition to our global benefits, all our local markets offer different competitive perks and benefits. Please note that they may differ between employment types and countries. JOIN US Our uniqueness comes from a combination of many things – our inclusive and collaborative culture, our strong values, and opportunities for growth. But most of all, it’s our people who make us who we are. Take the next step in your career together with us. The journey starts here.

Responsibilities

The Senior Accountant is responsible for the daily operations of stock accounting processes and ensuring timely execution of Record to Report processes. This includes preparing and reviewing journal entries, ensuring compliance with accounting guidelines, and collaborating with team members and stakeholders.