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- Tasks: Manage accounting for retail stores and ensure accurate cash reconciliations.
- Company: Join The Swatch Group, a global leader in watchmaking and luxury timepieces.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Be part of a unique culture blending innovation and emotional connection in luxury products.
- Qualifications: 2+ years in accounting, SAP experience, and strong Excel skills required.
- Other info: This is a maternity cover position based in London.
The predicted salary is between 36000 - 60000 £ per year.
The Swatch Group Ltd is an international group active in the manufacture and sale of finished watches, jewellery, watch movements and components. The Group’s production companies also supply movements and components to third-party watchmakers. The Swatch Group Ltd is also a key player in the manufacture and sale of electronic systems used in watchmaking and other industries. With its watch brands, it is also a leader in the field of sports event timing as official timekeeper and data-handler of most of the Olympic Games of the last decades and major international sports events.
The Swatch Group Ltd has a unique emotional culture. Beauty, sensuality, emotions in watches are as much part of it as high-tech, quality and added value on the customer’s wrist. Both emotional poetry and innovation play an active part in the commitment to its customers.
Responsibilities:
- Handling accounting for the Group retail stores.
- Ensuring that all cash reconciliations are carried out and assisting the preparation of the company monthly and annual accounts.
- To be a point of contact for retail stores on finance related queries.
Profile:
- Preparation and posting & processing of month end journals as agreed with your manager.
- Reconciliation of all bank accounts with SAP.
- Reviewing and confirming retail stores petty cash spends and reimbursements.
- Reconciling store takings figures from till software against cash and card receipts on a weekly basis and rectify any discrepancies within the month.
- Reconciliation of balance sheet accounts, primarily related to retail transactions but also maintaining balance sheet reconciliations across the business.
- Assist with intercompany transaction processing.
- Process retail payroll journal and reconcile the relevant clearing balance sheet accounts.
- To order PDQ machines and any other necessary equipment and assist with setup of new retail stores, events and pop-up locations.
- To maintain PCI compliance.
- As part of a team, respond to all queries raised by the stores in a timely manner, ensuring smooth retail functionality.
- To assist with the preparation of the year-end audit file, year-end account close and auditor requests.
- To check corrections/adjustments that are required for month end reporting.
- Any other ad hoc projects as requested by line manager and CFO, including but not limited to assisting with system changes, working with other finance team members to deliver continuous improvement, and business partnering with brand teams to improve quality of information provided to finance and the service centre.
Other:
- Any other work as required by the Head of Finance or CFO.
Professional Requirements:
- Minimum of 2 years accounting experience.
- Experience in a Financial Accounting role would be desirable.
- Must have experience with SAP or similar large ERP.
- Computer literate with excellent Excel skills.
- Commercial acumen.
- Common sense.
- Team player, yet a self-starter, always proactive.
- ‘Hands-on’ approach to the role.
- Excellent attention to detail and ability to manage priorities aligning with business needs.
Job Location: Building 1000 The Royals Business Park London E16 2QU
Company Address: The Swatch Group (UK) Limited Building 1000 2nd Floor East Wing The Royals Business Park Dockside Road GB-London E16 2QU
Retail Accountant - Maternity Cover employer: The SWATCH Group
Contact Detail:
The SWATCH Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retail Accountant - Maternity Cover
✨Tip Number 1
Familiarise yourself with SAP or similar ERP systems, as this is a key requirement for the Retail Accountant role. Consider taking an online course or tutorial to brush up on your skills, which will show your commitment and readiness to hit the ground running.
✨Tip Number 2
Highlight your experience in handling cash reconciliations and month-end processes during any networking opportunities. Engaging with professionals in the finance sector can provide insights and potentially lead to referrals within the Swatch Group.
✨Tip Number 3
Demonstrate your attention to detail by preparing examples of how you've successfully managed discrepancies in financial reporting in the past. This will help you stand out as a candidate who can ensure accuracy in retail transactions.
✨Tip Number 4
Connect with current or former employees of the Swatch Group on LinkedIn. Engaging with them can provide valuable insights into the company culture and expectations, which you can leverage during interviews to show your alignment with their values.
We think you need these skills to ace Retail Accountant - Maternity Cover
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Retail Accountant position at The Swatch Group Ltd. Understand the responsibilities and requirements, especially the need for experience with SAP and strong Excel skills.
Tailor Your CV: Customise your CV to highlight relevant accounting experience, particularly in financial roles. Emphasise your familiarity with ERP systems like SAP and any specific achievements that demonstrate your attention to detail and proactive approach.
Craft a Compelling Cover Letter: Write a cover letter that connects your skills and experiences directly to the job requirements. Mention your understanding of the retail environment and how your background aligns with the emotional culture of The Swatch Group.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an accounting role.
How to prepare for a job interview at The SWATCH Group
✨Know Your Numbers
As a Retail Accountant, you'll be dealing with financial data daily. Brush up on your accounting principles and be ready to discuss your experience with cash reconciliations, month-end journals, and balance sheet accounts. Highlight specific examples from your past roles.
✨Familiarise Yourself with SAP
Since the role requires experience with SAP or similar ERP systems, make sure you can talk confidently about your familiarity with these tools. If you've used SAP before, prepare to discuss how you navigated it and any challenges you overcame.
✨Demonstrate Team Spirit
The Swatch Group values teamwork, so be prepared to share examples of how you've collaborated with others in previous roles. Discuss how you’ve handled finance-related queries from retail stores and ensured smooth operations.
✨Showcase Your Attention to Detail
In accounting, accuracy is key. Be ready to provide examples of how your attention to detail has helped you catch discrepancies or improve processes in your previous positions. This will demonstrate your suitability for the role.
