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IFB Solutions

Retail Accounting Manager

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Retail Accounting Manager

Reports to: Vice President of Finance

Supervises: AP Lead; AP Analyst

Summary Statement

The Retail Accounting Manager will partner closely with the Retail business units to review and refine their workflows, establishing robust internal controls, and GAAP compliance while acting as a coach to improve business-wide efficiency. In addition, it will lead the optimization of AP functionality, collaborating with IT to drive process automation and eliminate manual process inefficiencies.

Reporting directly to the Vice President of Finance, the Retail Accounting Manager plays a critical role in maintaining and strengthening the organization’s accounting and financial controls. With high visibility and monthly exposure to the executive team while in tune with business operations to ensure accurate financial reporting, this role is a collaborative catalyst for change, ensuring the organization remains lean, compliant, and strategically aligned.

Essential Job Functions

  • Act as a key financial pillar by collaborating with retail business unit partners and IT to ensure operational compliance and process integrity.
  • Drive ERP optimization and innovation for retail business units by working with IT to bridge gap between business needs and system functionality to maximize automation and deliver data driven insights.
  • Lead month-end, quarter-end, and year-end closing and review activities for retail business units by preparing journal entries, reconciliations, analytics, and ensuring timely resolution of discrepancies.
  • Serve as key point of contact for external auditors for retail business units and AP.
  • Collaborate to prepare and review financial statements with accompanying notes in accordance with US GAAP for external audit.
  • Ensure uncompromising GAAP compliance across all functions.

Accounts Payable

  • Analyze current AP processes to identify inefficiencies and areas for improvement using automation and accounting software. Monitor and report on the effectiveness of implemented changes.
  • Supervise and mentor the AP Lead and AP Analyst, fostering a culture of progression, technical growth, and proactive problem-solving.
  • Oversee the end-to-end AP process, including invoice processing, vendor payments, and reconciliation.
  • Assist and guide the AP team in resolving discrepancies with vendors and internal stakeholders.
  • Ensure transactions comply with GAAP and internal controls.

Marginal Job Functions

  • Assist other personnel as time and knowledge permit.
  • Participate in training and meetings as requested.
  • Perform other duties as assigned.