Senior Accountant at Farfetch

Porto, Porto District, Portugal

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Luxury FashionIndustries

Requirements

Bachelor's or master's degree in accounting
At least 5 years of functional experience in areas of accounting
Experience in IFRS and/or US GAAP (preferred)
Advanced knowledge in Excel (mandatory); knowledge of other computer systems, Power Query (preferred)
Fluent in English, both written and spoken (mandatory)
Flexible and capable of working under pressure
Excellent team player with ability to interact with different departments

Responsibilities

Responsible for a subsidiary of the group
Prepare and record accounting entries
Support month-end and year-end close process
Perform balance sheet reconciliation applying important analysis view
Responsible for the preparation and completion of monthly and annual Tax obligations
Support the execution of the Financial Statements of the company
Prepare and participate in external audit requests
Guarantee that controls are carried out
Process optimization
Guide the required process and policy modifications for prompt, worldwide, and smooth execution of standards
Work with the team to achieve goals for the monthly closing

Skills

Accounting

IFRS

US GAAP

Month-end Close

Year-end Close

Balance Sheet Reconciliation

Tax Obligations

Financial Statements

External Audit

Process Optimization

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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