Lead Specialist Accounting at Target

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

Minimum 2 years accounting experience in GL/R2R or Minimum 2 years Audit experience excluding or 5 years including Articleship
Hands on experience in SAP
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 is preferred
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
Desired: Experience in Retail accounting and US GAAP Accounting standards
Desired: Strong understanding of business process workflows like AP, AR, Payroll, Treasury, Fixed Assets etc

Responsibilities

Responsible for timely and accurate preparation & review of various Journal entries
Ensure timely and accurate closure of month-end activities
Ensure upload of daily cash collection and its application
Responsible for preparation of Invoicing Salvage Customers for accuracy & completeness
Process Credit notes
Ensure Inbox & SharePoint monitoring and acknowledge every request within TAT
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
Responsible for 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
Responsible for assessing impact of any system change/upgrades and partnering with technical teams, as required
Work on special projects and transitions which may require being part of cross functional teams

Skills

Key technologies and capabilities for this role

Journal EntriesMonth-end CloseInvoicingCredit NotesPayment ApplicationSalvage ReceivablesAccount ReconciliationFinancial AnalysisInternal ControlsSharePoint

Questions & Answers

Common questions about this position

What is the employment type for this Lead Specialist Accounting role?

This is a full-time position.

What are the main responsibilities in this accounting role?

The role involves accounting, reviewing, and analyzing day-to-day activities related to Salvage Receivables, including invoicing, posting month-end close journal entries, issuing credit notes, payment application, and journal entry preparation and upload.

What does Target's company culture emphasize?

Target promotes a culture of mutual care and respect, values different voices, lifts each other up, and believes your unique perspective is important while building authentic and respectful relationships.

Is the salary or compensation mentioned for this position?

This information is not specified in the job description.

What makes a strong candidate for this Lead Specialist Accounting role?

A strong candidate will have expertise in salvage receivables accounting, experience with journal entries, invoicing, credit notes, internal controls, process improvements, audit compliance, and the ability to lead projects and train team members.

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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