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accounts receivable accountant

DEPARTMENT
COUNTRY ORGANIZATION UK,FINANCE
LOCATION
LONDON,UNITED KINGDOM
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About the Company

With a history going back over 130 years, PVH has excelled at growing brands and businesses with rich American heritages, becoming one of the largest global apparel companies. We have over 30,000 associates operating in over 40 countries with over $8 billion in revenues.

Founded in 1968 and acquired by PVH Corp. in 2003, Calvin Klein is a global lifestyle brand that exemplifies bold, progressive ideals and a seductive, and often minimal, aesthetic. We seek to thrill and inspire our audience while using provocative imagery and striking designs to ignite the senses. We strive to make a positive impact on the world. We inspire passion in our people. We embody authenticity and embrace individuality.

Tommy Hilfiger is one of the world’s leading designer lifestyle brands, internationally recognized for celebrating the essence of “classic American cool” style. Founded in 1985, Tommy Hilfiger, was acquired by PVH Corp. in 2010, has more than 17,000 associates worldwide and an extensive distribution network in over 115 countries and 1,600 retail stores.

Department Information

Accounts Receivable Accountant will work within the Financial Accounting team, whose role is supporting the business to reach their targets. This is done by overlooking the accounts receivables function across the board, for both – Tommy Hilfiger and Calvin Klein brands.

Position Description

About THE ROLE

The main role of this position – to make sure all sales performed in the stores/ concessions reconcile with the cash receipts in the bank, whether it’s actual cash, credit/debit cards, AMEX, etc. In order to excel this, person has to have confidence being the main contact in liaising with different stakeholders in the business – from store managers (requesting paperwork and querying the discrepancies) to bank representatives (ordering banking books or dealing with issues in processing the PDQ proceeds from terminal to bank account).

It is crucial for the business that all discrepancies would be investigated and reported to internal Loss Prevention Team and/ or Area Managers. As AR Accountant will be responsible for cash inflows, the involvement in the cash flow forecasts will be essential. Last but not least – ownership of preparing and checking turnover certificates, making sure that the it’s prepared accurately and on timely manner, reconciling the accruals to the charges received from the landlords. AR Accountant will directly report to Financial Controller.

Responsibilities include:

  • Checking whether all sales for the stores were posted in SAP
  • Reviewing CIT reconciliations performed by Shared Service Center (SSC)
  • Advising SSC on what actions should be taken for the identified discrepancies / issues
  • Distributing weekly store discrepancy reports
  • Liaising with stores to resolve discrepancies
  • Checking whether all the concession sales are posted in SAP
  • Reconciliation of concession invoice postings vs sales in SAP
  • Reconciliation of concession invoice posting vs cash received
  • Ensuring cash management policies are adhered to by stores
  • Reviewing weekly store paperwork and chasing up stores to ensure this is completed
  • Liaising with Loomis to ensure cash collections are set up for new stores and all stores have pick-ups on an appropriate basis
  • Safe float reconciliations
  • Ordering the banking books, when needed
  • Liaising with Operations team to set up new MIDs / TIDs, assisting with roll-out of Adyen
  • requesting for transfers between UK & IRE entities,
  • monitoring account balances and requesting funds transfers from BV when required
  • Advising SSC on cash and bank postings
  • Reviewing suspense accounts for unallocated payments / receipts
  • Issuing certificates
  • Checking invoices received against accruals & figures submitted
  • Regular review of turnover accruals
  • Querying re-calculations with landlords
  • Cash ins forecast for all entities based on BDGT/FCTS/ historical information
  • Stores sales receivable accurate phasing
  • Concessions receivable accurate phasing
  • Working closely with other parties in preparation of the accurate Cash flow statements
  • Ad hoc tasks

Position Requirements

About YOU

  • Studying towards CIMA, ACCA or ACA qualification;
  • Minimum 2+ years’ experience of working within a finance function;
  • High attention to detail;
  • Accountable and reliable;
  • High willingness to learn;
  • Good interpersonal skills.