Website Woolworths
The first Woolworths store opened its doors to the public in Cape Town in October 1931. And it was founder Max Sonnenberg who captured the public’s imagination with dynamic store policies that set Woolworths apart from its competitors. Three years later, a second branch opened in Durban, with anot… read moreher two in Port Elizabeth and Johannesburg a year later. And since then we’ve been building on our reputation for superior quality, exciting innovation and excellent value. At Woolworths we take our business values seriously. They aren’t just words in an annual report – they are the foundation of our business. They give us direction and guide our behaviour, actions and choices. In fact, our values are so important to us that we’re measured not only on our performance, but also by how well we live up to them. 93 Longmarket Street Cape Town, Western Cape
Introduction
To manage the TRADE and NON-TRADE system integrity and financial stock including movement reporting.
Job description
Accountable for driving non trade stock query resolution with all relevant stakeholders (Non Trade Payables, Procurement, RED, Gift Card, Head Office Facilities (Stationery, Dining Room, Hairdresser, ITS, Special Occasions).
Accountable for understanding the technical processes for non-trade stock from end to end.
Accountable for communication to BUFM’s on all non-trade stock and gross profit inventory adjustment issues.
Responsible for the reconciliation of Non-Trade stock balance sheet accounts (RED, Gift Card, Head Office Facilities (Stationery, Dining Room, Hairdresser, ITS and Special Occasions and stock accrual accounts).
Accountable operationally and financially for Non-Trade stocktakes of warehouses including capturing, approval and reporting thereof.
To reconcile the stock ledger to the records held at the outsourced stock location.
To ensure that all charges to the manufacturer are accurate and are adjusted against stock.
To ensure accurate costing of RED imported Non trade stock including ‘all on cost’ additional charges.ie.freight and duty.
Accountable operationally and financially for non-trade stocktakes of warehouses including reporting thereof.
Responsible for the reconciliation of certain non-trade stock balance sheet accounts.
Responsible for processing miscellaneous transactions (receipt and issuing of stock) as per BU requests
To keep record of all gift cards(WW and CRG) issued out of stock to stores, head office and external corporates
Process monthly billing for stores relating to gift card stock issued and relating service charges.ie.courier and management fees.
To reconcile the gift card stock ledger to the records held at the outsourced stock location(Crossgate)and ensure that all charges to the manufacturer are accurate and are adjusted against stock
Accountable for first receipt of Red Imported Non Trade stock and liaise closely with Finance Imports Team to ensure payment thereof
Accurate calculation of costing profit/ loss and filing of the RED shipment file with supporting documentation
Meet with relevant stakeholders to ensure accurate closure of the shipments.
To ensure the WIP (Work in Progress) Special Occasions account is fully reconciled and process adjustments to ensure billing takes place to recover funds from suppliers.
Ensuring that the non-trade stock is accurately aged for possible provisions.
Providing input into finance policies, principles and procedures
Training relevant stakeholders to understand and communicate finance’s business requirement across multiple departments/divisions for non-trade.
Working with the Business Systems Analyst to communicate the business requirement and interaction to ensure that any development meets the business need.
Assisting with the analysis of process changes, risk impacts and communication required.
Responsible for status reporting, feedback on issues and risks.
Responsible for reconciling Division 5 stock clearing and stock control accounts.
Responsible for compiling Division 5 stock rollforwards
Liaising with Auditors
Minimum requirements
TECHNICAL AND FUNCTIONAL
Understand and apply financial accounting principles and concepts including knowledge of IFRS.
Able to use & solve problems in a large, complex, integrated Finance IT system and to process large volumes of financial transactions.
Able to apply accounting knowledge in a large IT driven accounting environment and identify financial exposure and risk.
Strong Excel skills and ability to use business reporting tools e.g. Oracle, Qlikview, Cognos etc.
Strong numeric ability.
1 year’s reconciliation experience required.
MINIMUM QUALIFICATION
B. Comm. (Accounting)/ BTech 3-year.
2-3 year experience in accounting or financial environment.
BEHAVIOURAL SKILLS
Problem Solving ability
Committed to high quality standards
Ability to work accurately with attention to detail
Ability to work autonomously
Communication skills (written and verbal)
Service oriented
Self-Starter
Effective Time Management Skills
Team Player
Analytical
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Apply via company website ( http://www.woolworths.co.za/ ) or