Job title: Retail Accountant
Job type: Permanent
Emp type: Full-time
Salary type: Annual
Salary: Negotiable
Location: Cape Town, Claremont
Job published: 02/08/2022
Job ID: 53222

Job Description

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Global sports footwear and apparel giants, New Balance, have exclusively hired CA Financial Appointments to partner with them as we look to attract their Retail Accountant who will be based at their offices in Claremont, Cape Town.

Reporting into the Financial Controller, this exciting opportunity exists for a degree qualified finance professional who has strong technical skills as well as strong people partnering skills. This individual should have previous accounting experience, preferably within Retail or FMCG. In this role you will connect with multiple key stakeholders, including the retail outlets across SA, to maintain existing, and develop and implement new reporting tools to support the business.

As a brand associated with precision, speed and agility, New Balance is looking to identify these traits in their Retail Accountant. This role will report to the Financial Controller and take responsibility for:
• Ensuring all reporting is accurate and delivered on time in accordance with the international accounting calendar
• Delivering accurate Retail and eCommerce forecasts with well thought out assumptions which are efficiently documented and with variances clearly explained

Full transparency on the key responsibilities follows below:

General Accounting and Reporting
• Calculation and accrual of leases in accordance with straight-lining requirements as well as annual offline for local statutory reporting (IFRS 16 – Leases)
• Assist with the preparation of the South African annual budgets, monthly forecasts and 5- year OGSP plans
• Full management of the Fixed Asset Register in accordance with accounting policies and procedures

Retail Accounting & Reporting
• Monthly processing and reconciliation of Retail Sales and Cost of Sales
• Monthly update and collation of retail key metrics in the rolling data report
• Review of retail stock count variances and report to Financial Controller
• Preparation of the Retail Global report
• Preparation of Retail GTM report
• Preparation of Monthly Retail P&L actuals and distribution to management
• Assist Retail Manager with Monthly Retail P&L updated rolling forecasts and budgets
• Weekly Gross Margin and Sales Analysis for Retail vs Budget and Forecast
• Assist with projected financials for store renewals, new store openings and Capital Asset Requisitions (CARs)

eCommerce Accounting and Reporting
• Monthly eCom P&L actuals and forecasts
• Weekly eCom dashboard report

Qualifications & Experience required:
• A completed BCom accounting degree, CIMA or similar
• 3-4 years commercial experience

Individual Attributes:
• Excellent attention to detail
• Ability to work under pressure and meet deadlines consistently
• Highly developed Excel skills (advanced Excel)
• Intuitive and big picture mentality
• Ability to establish good working relationships across departments
• Team player and open to role variations

Please submit your CV through to either Shelley ( who will be overseeing the short-listing and selection process for all suitably skilled and experienced candidates wishing to apply for this exceptional opportunity to join New Balance, one of the most exciting brands in global sports footwear and apparel.

Please note that if you have not heard from us 2 weeks from application, please consider yourself unsuccessful - please do continue to follow CA Financial Appointments online and apply for suitable roles