To manage the Stock Department and to deliver all the required accounting reconciliations, financial controls and management reports to ensure effective, accurate and complete reporting of stock.
ResponsibilitiesImplement strategies in the stock department to improve effective and financial processes relating to all stock.Accountability for the reconciliation of all relevant General Ledger accounts in accordance with IFRS and WW financial principles on a weekly and monthly basis.Responsible for ensuring accurate reconciliations of all Stock Accounts between RMS, BI, and the general ledger.Ensure the clearing of all RMS Stock Clearing accounts through a thorough understanding of all stock transactions in RMS.Ensure the data integrity of all stock-related transactions of the gross profit worksheet.Ensure that stock integrity queries are clearly communicated to and resolved in conjunction with all relevant stakeholders (IT, Merchandise, and Supply Chain).Ensure that Oracle sub-ledgers are compliant with the rigors of audit to substantiate values in the balance sheet.Check the integrity of Stock reports between Data Warehouse, RMS, and the general ledger.Ensure accurate stocktake results for stores and warehouses of Woolworths and stores of Africa.Ensure the alignment of quantity stock at warehouses to RMS on a regular basis (at least twice a year).Clear the unknown and error interface reports on a weekly basis.Ensure the accuracy of all stock provisions by business unit (for example, stock in transit provision, Fashion, Beauty, and Home shrinkage provisions, net realizable and stock aging provisions for both trade and non-trade).Ensure accurate and complete reconciliations of all other stock accounts: for example, special occasions, On the Dot, Gift Card, and fabric stock.Ensure accurate and complete IFRS stock provisions on an actual basis.Ensure accurate and complete IFRS stock provisions on a forecast basis.Prepare timely management reporting in line with best practice on a weekly and monthly basis.Problem resolution including logging of all incidents and following through to ensure resolution.Comply with best practice internal controls and accounting practices, including implementing a system of Control Risk Self Assessment (CRSA).Accurately approve all journals and accruals on a timely basis.Effectively manage and lead the stock department.Qualifications and ExperienceB.
Com or equivalent.4 years management experience in an Accounting environment / Articles.Sound understanding of IFRS / WW Financial Principles and accounting processes.Proven competence in Excel and Oracle financial systems, reporting tools e.g., Qlikview.Apply accounting knowledge in a large, complex IT-driven accounting environment and to process large volumes of financial transactions.By clicking on the above you are agreeing to this site's Terms of Use.
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