Analyst Reconciliation-1

About us:

As a Fortune 50 company with more than 400,000 team members worldwide, Target is an iconic brand and one of America's leading retailers.

Joining Target means promoting a culture of mutual care and respect and striving to make the most meaningful and positive impact. Becoming a Target team member means joining a community that values different voices and lifts each other up. Here, we believe your unique perspective is important, and you'll build relationships by being authentic and respectful.

Overview about TII

At Target, we have a timeless purpose and a proven strategy. And that hasn’t happened by accident. Some of the best minds from different backgrounds come together at Target to redefine retail in an inclusive learning environment that values people and delivers world-class outcomes. That winning formula is especially apparent in Bengaluru, where Target in India operates as a fully integrated part of Target’s global team and has more than 4,000 team members supporting the company’s global strategy and operations.

PRIMARY FUNCTION:

Responsible for accounting, reviewing and analysing day-to-day activities related to Roundel - Collections & Payment Application, Roundel - Billing Document review & Maintenance, Posting Month-end Close Journal Entries, Issuing Credit notes, Payment application, Change requests, Firm Entry preparation and upload. The Analyst will play the role of a subject matter expert and will partner with Roundel HQ to enhance the team’s contextual knowledge.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

Maintain Financial Integrity

• Responsible for timely and accurate preparation & review of various Financial Reporting & Risk related Journal entries.
• Ensure timely and accurate closure of month end activities.
• Ensure upload of daily cash collection and its application in Sales Force for Roundel.
• Responsible for review of Roundel billing documents/contracts for accuracy & completeness.
• Process Roundel – Credit notes & change request on daily basis in Certinia.
• Ensure Inbox monitoring and acknowledge every mail request within TAT for Roundel, SRC & Travel.

Internal controls:

• 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.

Operational efficiency

• 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

Audit:

• Serve as single point of contact for statutory/internal audit engagements and ensure proper compliance to all requests in a timely manner.

Systems:

• Responsible for assessing impact of any system change/upgrades and partnering with technical teams, as required.

Problem solving:

• Provide Mentorship to Level 2 – Level 3 TMs to ensure GL activities are completed timely and accurately.
• Participate and Lead meeting with stake holders to resolve open issues.

Projects and Transitions:

• Work on special projects and transitions which may require being part of cross functional teams.

REPORTING/WORKING RELATIONSHIPS:

Reports to Target India Accounting Manager. Has working relationships with Minneapolis and India Accounting team.

JOB REQUIREMENTS:

MINIMUM REQUIREMENTS:

• Minimum 4 years accounting experience, 2+ years of GL experience.
• Hands on experience on any ERP like SAP, Salesforce, etc.
• Working knowledge of SOX controls and US GAAP.
• Project planning, multi-tasking skills and presentations skills are mandatory.
• Transition Experience of GL activities or other accounting process.
• 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 REQUIREMENTS:

• Experience in Retail accounting and US GAAP Accounting standards
• Strong understanding of business process workflows like AP, AR, Payroll, Treasury, Fixed Assets etc.
• Internal and/or External Audit experience

Experience Level

Entry Level