Accountant

Position Summary:

The ideal candidate will be a detail-oriented and results-driven Accountant who brings hands-on experience in the fashion and retail sectors. You will be responsible for maintaining financial records, reconciling accounts, preparing reports, and ensuring compliance with financial regulations. Your industry-specific knowledge will help streamline inventory cost accounting, seasonal budgeting, profit and loss management, retail margins, and vendor payment cycles.

Key Responsibilities:

• Maintain and reconcile general ledger accounts and assist with month-end and year-end close processes.
• Prepare and analyze Profit and Loss (P&L) statements, balance sheets, and other financial statements in compliance with GAAP or IFRS.
• Monitor and manage cash flow, accounts payable, and receivable specific to retail operations.
• Collaborate with the buying, merchandising, and supply chain teams to account for inventory cost, stock movement, and markdowns.
• Manage POS sales data integration and ensure accurate recording across retail locations and e-commerce platforms.
• Reconcile bank, credit card, and merchant accounts regularly.
• Assist with the preparation of annual budgets, seasonal forecasts, and financial projections, ensuring alignment with the retail calendar and collection launches.
• Track seasonal budget performance and provide variance analysis with actionable insights.
• Ensure compliance with local tax regulations, including VAT/GST, sales tax, and payroll tax.
• Provide support during internal and external audits.
• Continuously improve accounting processes to meet the unique demands of the fashion industry, including rapid product turnover and cyclical sales trends.