Hudson's Bay Company (HBC) is coming to India! We are in the process of setting up an integrated Global In-House Center, (GIC), in Bangalore to build a corporate team who will play an important role as HBC executes its strategic plan. This center will house approximately 450 highly talented individuals in the first two years and the office has potential to expand as the business grows. We will begin to build our team in Bangalore focused on Information Technology, Information Security, Finance and Accounting, and may then scale the operations to build capabilities in various other functions.
Hudson's Bay Company is one of the fastest-growing department store retailers in the world. In North America, HBC's leading banners include Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Find @ Lord & Taylor, and Home Outfitters. In Europe, HBC's banners include GALERIA Kaufhof (the largest department store group in Germany), Galeria INNO (Belgium's only department store group), and Sportarena. At HBC we are a company of adventurers who explore uncharted territory, challenge convention, and work with imagination and fun.
Reporting Relationships: The Associate, will report directly to the Team Lead, General Accounting
The Senior Associate
and Associate General Accounting & Financial Reporting responsible
for performing the day-to-day HBC team in support of the company's General
Accounting processes. This role requires high degree of customer orientation to
meet the needs of internal
“customers / business partners ”
with the global Finance team, as well as other internal partners including
Financial Reporting and banner Finance teams. This individual will be
responsible for the overall quality of service delivery for General Accounting team,
including acting as an escalation point to resolve and correct any issues /
concerns raised by the global Finance teams. The position will perform day-to-day activities as
directed by the team lead including processing journal entries, period end
close activities, completing account reconciliations, clearing aged line items
from account reconciliations, reports, query management and variance analysis.
Primary Role responsibilities include:
· Responsible to performing daily, weekly, fortnightly, monthly, quarterly and year-end general accounting activities in a timely and efficient manner and in full compliance with HBC policies and procedures
Achieve daily processing targets
Ensure adherence to Accounting and reporting policies, internal control and audit requirements, and service standards at all times
Analyze and research all discrepancies/exceptions in the process
Effectively plan, prioritize day to day deliverables
Support accounting and reporting activities including:
Processing of journal entries / accruals
Set up / maintenance of prepaids and recurring entries
Period end close activities, including account reconciliations
Prepare Daily, Weekly, monthly and yearly reports
Variance analysis for selected accounts
Loyalty and Gift card accounting
Query management Internal / External
Support effort in building a high performing team
Trains, coaches, mentors and work with the peer group members and extend the support to the team leader
Additional Role Responsibilities: India
This role will also form an integral part of the HBC India Finance team in providing insights into building out a successful HBC GIC.
The successful candidate must be a proactive self-starter with a dynamic and resilient nature able to work and lead in a fast-paced environment. He/she will possess excellent communication and interpersonal skills in order to engage with stakeholders across the business and provide critical input to business teams. This individual will have a demonstrated ability to manage multiple priorities simultaneously with strict adherence to deadlines.
· Strong financial aptitude with minimum 2 4 for Associates years of work experience in General Accounting with MNCs/GICs, with preference to Retail industry focused on Accounting and Financial Reporting functions
Experience in Oracle 11i, 12, 13 ERP (Oracle Fusion Preferred)
Strong proficiency in Microsoft office suite (Word, PowerPoint, Excel)
Advanced excel knowledge for Senior Associates is mandatory (Preferred VBA Macro expertise)
Demonstrated expertise in design and implementation of financial processes and technology including transition experience
Demonstrated success in Leading and managing process delivery and supporting multi-functional business units
B. Comm (Mandatory)
Shifts can vary based on organizational needs
NOTE: HBC welcomes all applicants for this position, however, only those selected for an interview will be contacted.