Accounts Executive - RFBO

Salary: 80.00 -  100.00
Posted: 14-03-2025
Category: Compliance Regulatory Affairs
Sydney, 

Job Description

Richemont owns some of the world’s leading luxury goods Maisons, with particular strengths in jewellery, watches, fashion, and accessories. Each Maison represents a proud tradition of style, quality, and craftsmanship, and Richemont seeks to preserve the heritage and identity of each of its Maisons. At the same time, we are committed to innovation and designing new products that are in keeping with our Maisons’ values, through a process of continuous creativity. Be a part of our Team! If you are a proven Accounts Executive with a heart for luxury, we welcome you to apply now! Reporting to the Senior Accountant, this key role provides support to the Retail Finance Back Office team and the broader community of Retail Boutiques, focusing on customer service and ensuring compliance with internal control requirements. HOW WILL YOU MAKE AN IMPACT? With your exceptional operational abilities, high attention to detail, and team-centric approach to work you will: Daily tasks: Act as a back-up for bank statement monitoring for incoming cash payments. Promptly advise internal boutiques of retail customers’ bank transfer deposits to conclude sales transactions in retail boutiques timely. Process and allocate all cash receipts from internal boutiques in SAP, ensuring complete and precise matching of cash receipts and POS transactions. Act as a back-up for Matchbox clearing software (matching of credit card payments to POS transactions). Ensure completeness and thorough and precise matching of data daily. Follow-up communication and investigations are required when automatic matching is not achieved. Ensure boutique operation compliance by inspecting the boutique daily closing checklist and documenting the review results. In case of any non-compliance, follow-up communication is made to each responsible boutique manager. Intervene in the auto-interface process when errors (REDLIGHT) block accounting posting, resulting in timing differences in revenue recognition. Proactively follow up with the affected boutiques and facilitate the resolution of the blocking REDLIGHT, having awareness and understanding of correct escalation procedures to achieve resolution as soon as possible. Organise boutique customer cash refunds by validating the completeness of supporting documents. Thoroughly check the authenticity, accuracy, and timeliness of the requested refunds to minimise the risk of incorrect information being processed and to reduce the risk of fraudulent conduct by internal or external parties. Organise and carry out bi-annual boutique stocktakes by exporting stock data from SAP to stocktake tool (SOVIA) and oversee the stocktake process. Thoroughly inspect any variances to ensure stock accuracy. Monitor intercompany stock in transit and thoroughly follow-up on outstanding items to understand the reason for outstanding items and facilitate resolving any blocking issues. Assist with annual external audit requests and inquiries, including collating receipts with sales invoices, and navigating the SAP system to show the linkage between various logistics and accounting documents. Monthly tasks: Update retail back-office compliance tracking and prepare monthly report to send to brand management and local FD. Summarise monthly discounts & cash report and send to respective brands for management review. HOW WILL YOU EXPERIENCE SUCCESS WITH US? We believe in shared success and understanding that with your actions you elevate your team and Maison. To contribute to team success, you will have: Bachelor’s degree in accounting or finance is highly regarded. Minimum working experience of 1-2 years in finance back office, ideally in wholesale, retail, or hospitality industry. Experience in bank reconciliation for a large number of bank accounts or point of sales. Experience in guiding non-finance members to achieve functional objectives. Quick learner who needs minimum supervision and can work independently to meet individual objectives. Self-learner who is interested in finding correct answers and applying the learning to establish best practices. Excellent attention to detail, communication, and problem-solving skills with a ‘can-do’ attitude. SAP experience preferred but not essential. WHAT MAKES OUR GROUP DIFFERENT? Our true power does not lie in our similarities but in the rich diversity of our arts, cultures, and human skills, as well as our specific ability to foster untapped potential. We value freedom, collegiality, loyalty, and solidarity. We foster empathy, curiosity, courage, humility, and integrity. We care for the world we live in. YOUR JOURNEY WITH US: After being shortlisted, you will receive a call from our Talent Acquisition Partner to discuss the role and for us to get to know you. If you are successful through this interview, you will be invited to attend an interview with our Accounts Executive & Finance Manager to assess your fit for the role. In return, we will also share insights on our team dynamics and our company culture. After this, you will have the opportunity to meet our HR Manager & COO. The successful candidates will start with the business after reference and police checks are completed. #J-18808-Ljbffr

Job Details

Salary: 80.00 -  100.00
Posted: 14-03-2025
Category: Compliance Regulatory Affairs
Sydney, 

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