Executive - Financial Accounting
Published date: 2024/01/10
- Location: Mumbai, Maharashtra, India
Cash Analyst, Retail & eCommerce:
The Retail & D2C Analyst will support Direct to Consumer sales to cash platforms; inclusive of Retail and eCommerce banking, sales audit, loss prevention and related systems maintenance, upgrades, or efficiency projects to include new business initiatives.
The Analyst will support the Cash & Bank Team based in London and is responsible for monitoring and controlling data interfaces, analysing sales, cash, and bank fee data and provide robust reporting to the business. Due to the complexity of this role, large volume of data, different data flows & formats, and the dependence on supporting third parties, it is fundamental for the Analyst to understand eCommerce platforms, merchant services, and an advance knowledge of systems and interfaces.
Role Overview:
Complete daily /monthly closing procedures and journal entries for sales audit, bank/ credit card fees and chargebacks, and A/R clearings.
Generate management reports, review and analyse information for loss prevention and business finance stakeholders (Sales Audit Control Reporting) to identify and explain potential loss or variances against business forecast.
Daily monitor and analyse system data reports to ensure checks in balance between interfacing systems preventing matching and/or reconciliation issues and ensuring data integrity between systems.
Complete weekly front of house & balance sheet reconciliations for bank and bank charges, A/R, and other relevant balance sheet accounts impacting D2C.
Assist with the year-end financial audit and testing of SOX controls.
Work closely with the Cash & Bank Team in London as well as third parties.
Role Responsibilities:
Daily/Weekly:
Checking information has been loaded correctly loaded into the reconciliation system. Troubleshooting and, where necessary, co-ordinating with IT/ business analyst/Treasury and external partners to resolve the issue ensuring issues flagged are resolved within 2 business days and escalated to management if issue cannot be resolved timely.
Analysing matching items and resolving the exceptions, including liaising with the business on missing cash receipts.
Weekly/Monthly Reporting:
Prepare sales control report for the business – highlighting any risk areas.
Prepare, review, and post monthly sales and VAT postings.
Prepare monthly reconciliations for the A/R and bank accounts.
Prepare monthly turnover statements for the business as required.
Provide ad-hoc reporting and analysis to the business.
Ongoing/Projects:
Work with Line Manager to propose changes to optimise processes.
Liaise with Payment Acquirers (Worldpay, Amex, PayPal, Adyen, Elavon, etc.) on the information processes.
Assist in the migration of new LOBs into the reconciliation system, this may include performing UAT testing, reviewing project process flows, and validating process integration recommendations.
Ensure the necessary steps are taken to incorporate new markets and business strategies.
Liaising with internal & external auditors as required, and assisting accounting manager with all audit deliverables
The Retail & D2C Analyst will support Direct to Consumer sales to cash platforms; inclusive of Retail and eCommerce banking, sales audit, loss prevention and related systems maintenance, upgrades, or efficiency projects to include new business initiatives.
The Analyst will support the Cash & Bank Team based in London and is responsible for monitoring and controlling data interfaces, analysing sales, cash, and bank fee data and provide robust reporting to the business. Due to the complexity of this role, large volume of data, different data flows & formats, and the dependence on supporting third parties, it is fundamental for the Analyst to understand eCommerce platforms, merchant services, and an advance knowledge of systems and interfaces.
Role Overview:
Complete daily /monthly closing procedures and journal entries for sales audit, bank/ credit card fees and chargebacks, and A/R clearings.
Generate management reports, review and analyse information for loss prevention and business finance stakeholders (Sales Audit Control Reporting) to identify and explain potential loss or variances against business forecast.
Daily monitor and analyse system data reports to ensure checks in balance between interfacing systems preventing matching and/or reconciliation issues and ensuring data integrity between systems.
Complete weekly front of house & balance sheet reconciliations for bank and bank charges, A/R, and other relevant balance sheet accounts impacting D2C.
Assist with the year-end financial audit and testing of SOX controls.
Work closely with the Cash & Bank Team in London as well as third parties.
Role Responsibilities:
Daily/Weekly:
Checking information has been loaded correctly loaded into the reconciliation system. Troubleshooting and, where necessary, co-ordinating with IT/ business analyst/Treasury and external partners to resolve the issue ensuring issues flagged are resolved within 2 business days and escalated to management if issue cannot be resolved timely.
Analysing matching items and resolving the exceptions, including liaising with the business on missing cash receipts.
Weekly/Monthly Reporting:
Prepare sales control report for the business – highlighting any risk areas.
Prepare, review, and post monthly sales and VAT postings.
Prepare monthly reconciliations for the A/R and bank accounts.
Prepare monthly turnover statements for the business as required.
Provide ad-hoc reporting and analysis to the business.
Ongoing/Projects:
Work with Line Manager to propose changes to optimise processes.
Liaise with Payment Acquirers (Worldpay, Amex, PayPal, Adyen, Elavon, etc.) on the information processes.
Assist in the migration of new LOBs into the reconciliation system, this may include performing UAT testing, reviewing project process flows, and validating process integration recommendations.
Ensure the necessary steps are taken to incorporate new markets and business strategies.
Liaising with internal & external auditors as required, and assisting accounting manager with all audit deliverables
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