Job Description
This role sits within the Financial Accounting team and is primarily focused on managing all aspects of Stock & Accounts Receivable. This role interfaces with other areas of Finance, including Accounts Payable, Tech, Tax and Commercial Finance and the wider business, in particular Retail and Logistics.
Stock incorporates but is not limited to: valuation, provisioning, stock counts, lost in transit, stock write offs, warehouse price/quality differences, jobber stock, raw materials, return to supplier, goods received not invoiced, inter-warehouse processes.
Accounts receivable includes the raising of invoicing, issuing customer statements and debt collection. Revenue streams include marketing, wholesale, jobber, property and other ad hoc areas.
As processes and the business evolve, the remit of Stock & AR may change, and we are looking for someone who is interested in the Stock & AR areas and taking this forward.
Financial Accounting:
1. Developing and maintaining detailed knowledge of the business Stock & AR process operations
2. Own accounting for stock financial entries, including stock reconciliations between source systems and financial ledgers and all relevant feed entries
3. Ownership for stock provisioning, including appropriateness of provisioning and detail calculations and support
4. Accountable for the accuracy and appropriateness of all standard cost components in the Group’s average weighted stock costs (AWC) on a periodic basis
5. Joint ownership for financial accounting of stock GRNI in collaboration with trading finance and Accounts Payable team to understand entries and advise on provisioning
6. Taking ownership for ensuring correct accounting treatment in accordance with IFRS accounting standards for stock, being pro-active to review current treatment and be able to provide guidance to the business as required
7. Ownership for the business requirements, testing and implementation to support any business change projects impacting Stock and AR.
Financial Control:
8. Ownership for robust and accurate balance sheet reconciliations across Stock & AR areas
9. Ensuring appropriate and robust financial control environment on all Stock & AR areas
10. Ensuring financial controls, processes and risks are fully documented for all Stock& AR related areas and regularly updated to meet the demands of a rapidly growing business. Providing analysis, identifying potential process and control weaknesses and recommendations to management as required
11. Assisting in successful delivery of interim and year-end audit information for external auditors as well as ad hoc internal audits as required, ensuring all documents are delivered to an auditable standard and in line with agreed timeframes
12. Assisting in other ad hoc projects as required by the Head of Financial Accounting to provide business insight and ensure that objectives and deadlines are met
Team Management:
13. Leading the Stock & AR team to deliver objectives aligned with both Finance and ASOS goals, including excellent stakeholder management both internal and external to Finance
14. Providing coaching to team members and support them in their career development, creating a supportive learning environment in which talent flourishes
15. Managing and supporting the team on a day-to-day basis to ensure all deadlines are met and pro-active with challenging the status quo of these tasks
16. Supporting our culture by driving Diversity, Equity & Inclusion strategies.
Qualifications
Experience
17. Experienced qualified accountant (ACA/ACCA/CIMA/Equivalent)
18. Previous stock retail experience (desirable, not essential)
19. Comprehensive understanding of IFRS accounting standards and practical application
20. Experience of carrying out or providing information for external and internal audits
21. Experience in producing high-quality analysis and reporting
22. Experience of working with non-financial stakeholders across multiple business areas
23. Experience of working with senior levels within a business and adopting a professional approach always
Skills
24. Team player who works for the success of the wider team
25. Ability to work in a fast-paced environment, adapt to change and deal with high volumes of information
26. Flexible with the ability to identify opportunities and implement practical solutions
27. Excellent written and oral communication skills
28. Excellent time management and organisational skills
29. Disciplined approach to production and documentation of work
30. Strong leadership and team development
31. Strong stakeholder management capability
Additional Information
What’s in it for you?
32. Employee discount (hello ASOS discount!)
33. ASOS Develops (personal development opportunities across the business)
34. Employee sample sales
35. Access to a huge range of LinkedIn learning materials
36. 25 days paid annual leave + an extra celebration day
37. Discretionary performance related bonus scheme
38. Private medical care scheme
39. Flexible benefits allowance - which you can choose to take as extra cash, or use towards other benefits