Analyst Accounting at Target

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Retail, FinanceIndustries

Requirements

Semi qualified Accounting Professionals with Minimum 4 years of accounting experience
Hands on experience on SAP, SAP CAR & MS Excel, etc
Working knowledge of SOX controls and US GAAP
Project planning, multi-tasking skills and presentation skills are mandatory
Transition Experience of GL activities or other accounting process
Ability to organize and prioritize team’s workload to ensure meeting strict deadlines and managing pressure
Proven analytical, problem solving, multi-tasking and decision-making skills
Excellent written and verbal communication skills, including Presentation skills
Experience in Retail accounting and US GAAP Accounting standards (Desired)
Strong understanding of business process workflows like AP, AR, Payroll, Treasury, Fixed Assets etc. (Desired)

Responsibilities

Handling end-to-end process of cash depository accounts which involves reviewing, matching and clearing of open items in bank GL accounts
Ensure timely and accurate closure of month end activities
Performing daily OIM's to ensure accurate and efficient matching for Bank accounts
Performing month-end activities which include Batch Write-offs and accruals to ensure smooth closure of the monthly P&L balances
Analyze account balances and activity for accuracy and proactively identify risks and take necessary actions to implement corrective controls
Perform high level process reviews to identify potential control deficiencies and execute corrective strategies
Preparation, analysis and report out of metrics for management reporting
Identify process improvement ideas to drive operational efficiencies and improve control environment
Share and implement best practices followed across Finance
Responsible for training methodology and documentation. Conduct and evaluate training for new and existing team members
Serve as single point of contact for statutory/internal audit engagements and ensure proper compliance to all requests in a timely manner
Assessing impact of any system change/upgrades and partnering with technical teams, as required
Provide Mentorship to Level 2 – Level 3 TMs to ensure GL activities are completed timely and accurately
Participate and Lead meeting with stake holders to resolve open issues
Work on special projects and transitions which may require being part of cross functional teams
Ensure consolidation of daily bank statements

Skills

Key technologies and capabilities for this role

AuditReconciliationOpen Item ManagementBatch Write-offsAccrualsJournal EntriesMonth-end CloseBank GL AccountsFinancial ReportingInternal ControlsProcess ImprovementMetrics AnalysisTrainingSAP

Questions & Answers

Common questions about this position

What are the minimum qualifications for the Analyst Accounting role?

Candidates must be semi-qualified accounting professionals with a minimum of 4 years of accounting experience, hands-on experience with SAP, SAP CAR, and MS Excel, and working knowledge of SOX controls and US GAAP.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What does the team structure look like for this position?

The role reports to the Target India Accounting Manager and involves working relationships with the Minneapolis and India Accounting teams, including mentorship of Level 2 – Level 3 Team Members.

What skills make a candidate stand out for this Analyst Accounting position?

Strong candidates will have transition experience in GL activities or other accounting processes, proven analytical and problem-solving skills, excellent communication including presentation skills, and the ability to multitask under strict deadlines.

Target

Retailer offering diverse consumer goods

About Target

Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.

Minneapolis, MinnesotaHeadquarters

2005Year Founded

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Sick Leave

Paid Holidays

Paid Vacation

401(k) Retirement Plan

Employee Discounts

Risks

Increased competition from online-only retailers like Amazon threatens Target's market share.

Rising labor costs due to new minimum wage laws could impact profit margins.

Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.

Differentiation

Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.

The Target Circle loyalty program enhances customer engagement and shopping experience.

Target's commitment to sustainability and community support sets it apart from competitors.

Upsides

Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.

Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.

Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.

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