Finance Analyst

TJX Europe; Stevenage; On-site; GBP 45,000 - 60,000; Full time

Job summary

A major retail company based in Stevenage seeks a Senior Analyst Order to Cash (OTC) responsible for overseeing significant accounting activities. This role requires strong technical accounting knowledge, especially regarding US GAAP and IFRS standards. Candidates should be proficient in ERP systems like SAP and Oracle and possess excellent Excel skills. Responsibilities include preparing financial reports, supporting queries, and enhancing processes within the financial department.

Qualifications

• Strong technical accounting knowledge, particularly with US GAAP and IFRS.
• Ability to help develop problem-solving skills among team members.
• Good knowledge of finance modules in ERP systems.

Responsibilities

• Prepare and oversee the accounting of activities impacting corporate financial statements.
• Execute policies to improve operation and effectiveness of the department.
• Support financial system implementation and enhancement projects.

Skills

Technical accounting knowledge

Problem-solving skills

Finance modules knowledge of ERP systems

Proficient in Microsoft Excel

Education

BA/BS/Bachelor's Degree or equivalent

CIMA or ACCA part-qualified

Tools

SAP

Oracle

PeopleSoft

Job description

The Senior Analyst Order to Cash (OTC) is responsible for preparing and overseeing the accounting of activity which significantly impacts the corporate financial statements, ensuring timely and high‑standard completion of tasks.

Responsibilities

• Combine accounting, analytical and presentation skills to effectively contribute to the monthly close process and understand complex accounting transactions.
• Review all non‑US domestic franchised & managed contractual legal documents for financial and accounting implications.
• Prepare reports based on the international ageing by region and hotel type.
• Conduct balance sheet analysis, subledger and general ledger entries.
• Assist with the recruitment & retention of key talent within OTC support analysts / interns through coaching, mentoring and training.
• Perform activities in compliance with all Company policies as outlined in the global accounting policy manual.
• Execute, update and maintain accounting internal control policies and procedures and prepare supporting documentation for internal audit.
• Enforce policies and procedures that improve overall operation and effectiveness of the department and Company.
• Provide materials to external and internal auditors and respond accurately to audit queries.
• Perform balance sheet reconciliations in line with company policy.
• Document new processes and adhere to segregation of duty and SOX control disciplines, liaising with internal audit when necessary.
• Support financial system implementation & enhancement projects, including design, testing, deployment and ongoing operation.
• Manage cross‑functional links to other finance teams, the shared service center and hotels.
• Assist consolidations and financial reporting teams with queries.
• Provide training and financial advice to the shared service center regarding processes and accounting policies.
• Review the outputs of the shared service center to ensure financial accuracy and completeness.
• Perform secondary review and analysis of management and franchise agreements for financial implications and apply current accounting policies.
• Approve the fee tracker inputs used to update Billing System Manager for franchise fee and program fee billings.
• Approve inputs into the asset management system and approve journals therein for all areas impacted by revenue recognition accounting.
• Prepare reconciliation of GMFAR contracts to the OTC contracts database to ensure completeness.
• Monitor third‑party and development fee receivables, ensuring data completeness and accuracy; contact senior leaders when required.
• Prepare initial month‑end financial statement analytics in relation to revenue and receivables.
• Support queries and investigation regarding fee income billing and accruals.
• Perform post‑billing revenue checks and remediation.
• Contribute to deferred asset and deferred liability accounting and reporting.
• Prepare and initially review deferred asset and deferred liability roll‑forward schedules.
• Provide guidance to the shared service center on processes, SOPs and training.
• Prepare audit documentation as part of the annual internal audit process.
• Liaise with Legal on all franchise licence agreement/management agreement related issues.
• Resolve issues involving key money, sales tax, VAT, withholding tax, intercompany and fee disputes.
• Assist the shared service centre with all billing, cash application and helpdesk queries.

Qualifications

• Strong technical accounting knowledge and a solid understanding of the principles and practical application of US GAAP and IFRS, particularly concerning revenue recognition and deferred assets and liabilities.
• Ability to help develop problem‑solving skills among direct reports and other team members as appropriate.
• Good knowledge of finance modules of an ERP system such as SAP, Oracle, PeopleSoft.
• Highly proficient in Microsoft Excel.
• BA/BS/Bachelor's Degree or equivalent.
• CIMA or ACCA part‑qualified.