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Job Opening details:-
Company Name :- Ralph Lauren
Position Name :- Inventory Analyst EMEA
Company Location :- Bengaluru, Karnataka
Job Category : General jobs
Full Job Description :-
The candidate will join the team in charge of all the accounting aspects of Sales, Cost of Sales and Inventory-related elements for EMEA. In addition to that, the team is responsible for supervising the standard cost setting process and for multiple forecasts (P&L and BS) and reporting related to its areas of expertise.
The candidate’s primary responsibilities will be to perform accounting functions and analyses for certain areas/divisions of the Company’s Inventory Accounting. Working closely with IT and carrying out multiple reconciliations between systems and preparing journals. Additionally, the candidate will be responsible for providing accounting assistance in support of all facets of the closing and reporting process, streamlining procedures, and assisting in the ongoing review of the SOX internal control process, as well as provide support and all required documentation for internal and external audits for the Inventory Accounting area.
The candidate will contribute to the development of continuous process improvement initiatives and best practices through leverage of technology and effective collaboration/communication. The candidate will partner with EMEA team to support any queries.
Essential Duties & Responsibilities
Detailed reconciliation between multiple systems on a regular basis and continuous investigation into areas of misalignment.
Analyze and prepare journal entries and accruals related to Inventory Accounting Monthly Close Prepare monthly detailed reconciliations and account analysis Implement control checkpoints prior to the Close to proactively flag major system-driven discrepancies and ensure correction is carried out within the period Maintain and review documented procedures and ensure compliance with SOX requirements
Support of internal and external audits
Identify process improvement and efficiency enhancement opportunities and support these Assist with ad-hoc assignments and special projects as and when required by management
Costing Prepare and communicate weekly status on Costing progress to relevant stakeholders Ensure Master Data is properly updated in SAP to enable costing on a timely manner Perform the recurring controls and checks necessary to ensure the costing process is properly executed Liaise with relevant parties to tackle urgent costing needs to enable transactions (Sales, Returns, Stock movements between stores, etc.) to be recorded timely in SAP
Support transition of Inventory Accounting activities.
Perform ad-hoc analysis in support of new businesses/initiatives (new store opening, eCom country opening, sourcing initiatives, inventory liquidation, etc.) Assist with ad-hoc assignments and special projects as and when required by management.
Maintain and review documented procedures and ensure compliance with SOX requirements.
Experience, Skills & Knowledge
Results orientated, flexible, resourceful, and self-motivated with the ability to manage multiple deliverables
Advanced analytical skills/”out of the box” thinking to logically question and proactively flag potential issues
Strong time-management skills, and ability to adhere to tight deadlines
Strong customer service to the business and senior management
Excellent communication and organizational skills (written and verbal)
Ability to work independently, to deliver under pressure in a complex/matrix-type environment
High system proficiency (multiple systems handling),
Excel and SAP proficiency
3 years of experience in audit, finance and/or accounting
University degree in accounting, finance, business or economics
Retail or multi-unit industries experience a plus
Inventory Analyst EMEA
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