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- Tasks: Manage the general ledger and analyse margin numbers for the UK business.
- Company: Farnell, part of Avnet, is a leading distributor of technology products and solutions.
- Benefits: Enjoy flexible hybrid working, competitive salary, 25 days holiday, and a supportive team environment.
- Why this job: Join a dynamic finance team with opportunities for career growth and a strong open-door policy.
- Qualifications: Qualified or part-qualified accountant with experience in data management and clear communication skills.
- Other info: Work from home 2 days a week and enjoy free onsite parking.
The predicted salary is between 28800 - 43200 £ per year.
Farnell
Farnell, an Avnet company, is a global high-service distributor of technology products, services and solutions for electronic system design, maintenance and repair.
Farnell, part of Avnet, is currently recruiting for the role ofAccountant – Marginto join our Finance Team. We are one of the world’s leading brands in distributing high-service electronics components and technology products.
Job Summary:
THIS IS A FLEXIBLE, HYBRID WORKING ROLE, GIVING YOU THE WORK LIFE BALANCE, WORKING FROM HOME 2 DAYS AND 3 DAYS ON-SITE OFFICE TIME IN LEEDS
What\’s in it for you:
Along with offering a competitive salary package, we also offer:
- A supportive team environment where everyone really is working toward the same goal.
- A strong open-door policy within management
- An environment where you will be given the tools and opportunities to further your career
- Pension scheme (matched up to 8%)
- Simply Health Medical cover
- 25 days holiday plus bank holidays with the option to buy additional holiday
- FREE Onsite Parking
- Flexible home working
- Cycle to Work Scheme
- Reward schemes
What you\’ll be doing: Responsible for maintaining the general ledger for the margin area of the UK business, analysing and reporting the makeup of the margin number versus the forecast
Job Specifications:
- Perform the month-end GM (gross margin) close for the UK and support the Finance Manager in understanding key variances to the budget/forecast
- Support Finance Manager in driving forward the critical margin project, highlighting issues and designing/implementing solutions to enhance the margin process
- Provide weekly margin reporting e.g. slow-moving stock provisions, PI count results and work with finance and operational business partners to drive accountability
- Responsible for the financial reporting, maintenance, account reconciliation and analysis of the general ledger and books of original entry, including month-end close accounting activities relating to the margin area.
- Perform accounting and reporting relating to external Royalties to be paid on product sales and complete both internal and external reporting, working with internal and external stakeholders.
- Assists with the preparation of annual budgets, updates and strategic plans.
- Ensure accuracy and compliance with GAAP, SOX and all other accounting regulations.
- Support Finance Manager in reviewing work completed by IBM (external provider) relating to the margin area to ensure expectations are communicated, understood and adhered to.
- Support the Finance Manager in the Balance sheet reconciliations review process and support improvements in this area with the Finance team and provide support to IBM.
What about you?
- Qualified accountant (including QBE) or Part Qualified
- Proven experience in a similar background
- Strong data management skills
- Clear communicator who understands and translates business processes into simple, controlled accounting entries
- Proactive problem solver with analytical and logical approach
- Highly organised and an ability to manage time to deliver to Deadlines
- Experience of collaborating with colleagues outside finance
What next?
Please click on the link to apply. Your CV will be reviewed within 7 days, and if successful in the shortlisting process, we will contact you directly.
#LI-EMEA
#LI-FARNELL
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills.
Avnet is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you are interested in applying for employment with Avnet and need special assistance or an accommodation to apply for a posted position contact our Human Resources Service Center in your region: Americas applicants – hrnow@avnet.com , Asia applicants – hrnow.asia@avnet.com , EMEA applicants – hrnow.EMEA@avnet.eu .
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Margin Accountant - EMEA employer: Avnet
Contact Detail:
Avnet Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Margin Accountant - EMEA
✨Tip Number 1
Familiarise yourself with the specific financial regulations and compliance standards relevant to the EMEA region, such as GAAP and SOX. This knowledge will not only help you in the interview but also demonstrate your commitment to maintaining high standards in financial reporting.
✨Tip Number 2
Highlight your experience with margin analysis and reporting during networking opportunities or interviews. Be prepared to discuss specific examples of how you've successfully managed gross margin close processes and collaborated with cross-functional teams to drive accountability.
✨Tip Number 3
Showcase your problem-solving skills by preparing a few scenarios where you've identified issues in financial processes and implemented effective solutions. This will illustrate your proactive approach and analytical mindset, which are crucial for the Margin Accountant role.
✨Tip Number 4
Engage with current employees on platforms like LinkedIn to gain insights into the company culture and expectations for the role. This can provide you with valuable information to tailor your discussions during the interview process and show your genuine interest in joining the team.
We think you need these skills to ace Margin Accountant - EMEA
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the responsibilities and requirements of the Margin Accountant position. Tailor your application to highlight relevant experience and skills that match what Farnell is looking for.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in accounting, particularly in margin analysis and reporting. Use specific examples to demonstrate your problem-solving skills and ability to manage financial data effectively.
Showcase Your Qualifications: Clearly state your qualifications, whether you are a qualified accountant or part qualified. Mention any relevant certifications or training that align with the requirements of the role, such as knowledge of GAAP and SOX compliance.
Craft a Strong Cover Letter: Write a compelling cover letter that not only summarises your CV but also conveys your enthusiasm for the role and the company. Discuss how your proactive approach and strong communication skills will contribute to the Finance Team at Farnell.
How to prepare for a job interview at Avnet
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Margin Accountant. Familiarise yourself with key terms like gross margin, budget variances, and GAAP compliance, as these will likely come up during your interview.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used your analytical skills to solve problems or improve processes. This role requires a proactive problem solver, so highlight any relevant experiences that demonstrate your ability to analyse data effectively.
✨Communicate Clearly
As a clear communicator, you’ll need to translate complex financial information into understandable terms. Practice explaining your past experiences in simple language, focusing on how you collaborated with non-financial colleagues.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making and problem-solving abilities. Think about potential challenges you might face in this role and how you would address them, particularly in relation to margin reporting and compliance.
