Accountant at Farfetch

Porto, Porto District, Portugal

Farfetch Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Luxury Fashion, E-commerceIndustries

Requirements

  • Bachelor's or master's degree in accounting, audit, or similar
  • 2-3 years of experience in accounting, financial accounting, and/or reporting
  • Chartered accountant in Portuguese standards
  • Strong knowledge of Excel
  • Experience in SOX controls (preferred)
  • Fluent in English, both written and spoken

Responsibilities

  • Prepare and record accounting entries
  • Support month-end and year-end close processes
  • Prepare balance sheet reconciliations by applying critical analysis
  • Deal with the preparation of monthly and annual tax obligations
  • Participate in the organization of external audit requests
  • Perform necessary reconciliations and controls in the scope of SOX

Skills

Excel
SOX Controls
Balance Sheet Reconciliation
Month-End Close
Year-End Close
Tax Obligations
External Audit
Financial Accounting
Portuguese Accounting Standards

Farfetch

Online marketplace for luxury fashion items

About Farfetch

Farfetch operates as a global online marketplace for luxury fashion, linking high-end brands and boutique retailers with consumers. The platform allows users to browse and purchase a wide range of luxury items, ensuring that both brands and retailers can reach a worldwide audience. Farfetch's business model is centered around facilitating these transactions, earning revenue primarily through commissions on sales made through its site. Additionally, it offers services like digital marketing and logistics to help its partners enhance their online presence. A distinguishing feature of Farfetch is its acquisition of LUXCLUSIF, a luxury resale platform, which enables it to cater to the growing demand for pre-owned luxury goods. The company's goal is to provide a seamless shopping experience for luxury fashion enthusiasts while supporting brands and retailers in expanding their reach.

London, United KingdomHeadquarters
2007Year Founded
$682.9MTotal Funding
IPOCompany Stage
Consumer Software, Consumer GoodsIndustries
1,001-5,000Employees

Benefits

Health Insurance
Flexible Work Hours
Employee Pension Scheme

Risks

Increased competition from Mytheresa could impact Farfetch's market share.
Farfetch faces challenges in maintaining its presence in the Chinese market.
The sale to Coupang indicates potential financial instability for Farfetch.

Differentiation

Farfetch connects luxury brands and consumers through a unique online marketplace.
The platform offers modular, API-enabled technology for luxury fashion brands.
Farfetch provides commerce solutions, enhancing brands' online presence and sales.

Upsides

Virtual try-on technology is gaining popularity in luxury fashion.
Farfetch can capitalize on Yoox Net-A-Porter's exit from China.
Exclusive partnerships, like with Officina Bernardi, enhance Farfetch's offerings.

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