Note: The job is a remote job and is open to candidates in USA. Petco is a company dedicated to enhancing the lives of pets and their owners, with a strong focus on community and well-being. The Staff Accountant role involves participating in month-end closing, monitoring the General Ledger, and serving as an accounting business partner to ensure accurate financial reporting and compliance.
Responsibilities
- Participate in the month-end closing process
- Monitor entries in the General Ledger (GL) to ensure appropriate allocation, determine if reclassifications are required, explain variances, and analyze various accounts to avoid year-end audit exposure
- Develop and recommend new procedures, processes and policies for the accounting operations of assigned function
- Serve as accounting business partner to assigned function on issues that are moderately complex
- Analyze, research and reconcile selected accounts and cost discrepancies
- Effectively communicate with field associates, corporate support staff and management to ensure issues relating to accounting are brought to the appropriate individuals for action
- This function performs both statistical and financial analysis and is required to think and act independently when judgment is required
- This position must protect Petco’s accounting data received from internal and external sources
- Interact professionally and effectively through verbal and written communication with all professional contacts with emphasis on company interests
- Efficiently create complex documents and/or reports using spreadsheet, database, and accounting software in a timely fashion
- Independently prioritize and accomplish multiple tasks within established timeframes
- Analyze simple to moderately complex data to determine the appropriate course of action
- Perform accounting duties and control activities to ensure financial results are reported without error
- Research and analyze selective data sets and/or accounts pertaining to the duties of the specific functional area of accounting being performed
- Prepare month-end journal entries, reconciliations, budgets, forms, reports, and schedules relating to the accounts in the specific area of focus
- Effectively communicate with field partners, corporate support staff, and senior management, ensuring issues related to accounting are communicated to the appropriate impacted partners for action
- Analyze problems, research the root causes, and overcome roadblocks to functional success
- Performs additional duties as required, including but not limited to special projects as assigned
- Rotation through various functional areas of Accounting learning the processes, understanding the relationships between the groups, and the overall impact each team has on Petco
- Be flexible and available to provide coverage and support for positions in various functional areas of accounting (Example: General Accounting, Inventory Accounting, Accounts Payable, etc.)
- Work productively in the face of ambiguity and accept constructive feedback
- Protect confidential information and respect others that may have to protect their confidences
- Identify process weaknesses and develop proposed improvements and collaboratively implement solutions to drive efficiency and increased profitability
- Actively seek development opportunities for hard and soft skills within the organization
- Seek feedback from senior partners
- Performing analyses of actual versus budget, reclassifying errors, explaining variances, and interfacing with other departments to give instruction on proper classification of expenses
- Accounts analyzed are of a more complex nature than those handled by an analyst which may require a more thorough understanding of accounting as gained through practical experience
- Providing an understandable explanation to peers and management that may not possess accounting knowledge or a financial background
- Facilitate interface of stock ledger to general ledger; perform associated controls to validate its integrity and accuracy
- Complete IA-400 Inventory Report
- Weekly weighted average cost review
- Complete IA portion of Borrowing Base Certificate
- Review and address all RMS to GL mapping concerns; submit changes monthly
- Evaluate wholesale inventory and sales activity for accuracy and validity -- post accruals and follow-up on aged items as needed
- Complete and submit Census Bureau surveys
- Research and respond to P&L hotline inquiries involving stock ledger activity
- Review, update, and disburse all monthly recurring payments, including rents, leases, subleases, Common Area Maintenance (CAM), taxes, etc. in accordance with lease documents provided by the Real Estate department
- Prepare all month end journal entries relating to property accounting
- Prepare schedules on the prepaid rent and security deposit accounts on a monthly basis
- Monitor these accounts and keep the lease administrator informed of the status of these accounts
- Assist in preparing the annual budget and prepare various year-end audit schedules
- Review check runs for authenticity of rent payments
- Prepare amortization schedules for items like Tenant Improvement (TI) Allowances, Prepaid Occupancy Costs, Lease Rights and In Place Leases
- Assist with inventories
- Journal entries, reconciliations, accounting functions within the group Reporting to the stores, Monthly Aquatic Physical Inventory (MAPI), Monthly Shrink Reporting Deep analysis of issues with stock counts
- Perform review and close stores from Retail Sale Audit (ReSA)
- Resolve situations that may cause a store on hold, review bank statements, directly contact stores
- Responsible for T-Rec (reconciliation tool) of banking amounts, discrepancies, etc
- Keep track of all store bank account reconciliations
- Maintain the database
- Address counterfeit bills, maintains discrepancy issues
- Reviews and distributes mail box
- Journal Entries for open account stores, etc
- Reviews 3rd party gift card request
- In charge of ReSA system maintenance
- Works with IT
- Overrides errors in ReSA system, control
- High dollar and Dr.’s Foster & Smith (DFS) chargebacks
- Review Vetco entries
- Performs T-Recs entry
- GL validation files
- Perform majority of journal entries and close T-recs monthly
- Basic Corporate income tax law knowledge, how to apply
- Generally Accepted Accounting Principles (GAAP) and Internal Revenue Service (IRS) law differences and how to apply them to Petco's accounting
- Assist with calculation of Federal tax provisions at quarter and year ends
- Preparation of information that goes on Petco audited financial statements
- Monthly sales, use tax data collection to file monthly tax returns
- Process personal property tax bills paid
- Sales & Use tax audits Refund projects resulting in revenue benefit to Petco
- Puerto Rico sales tax (PICO) releases for inventory clearance to pay taxes
- Perform close functions for tax
- Filing environmental fees, etc. based on state requirements
Skills
- A 4-year degree in Accounting/Finance or an equivalent combination of education and relevant experience
- A solid understanding of accounting principles equivalent to a college level Intermediate Accounting course
- Communicate well in English and convey accounting concepts to non-accounting associates
- Good interpersonal communications skills and interaction with other department personnel as well as senior management
- Intermediate to advanced knowledge of most Microsoft Office Suite applications (e.g. Excel, Word, and Access) and 10-key by touch
- Must be accurate, detail oriented, proficient with personal computer based programs, and trainable on company specific systems
- Interact with peers and leaders of the business with poise and confidence
- Analyze business decisions critically and engage in constructive conversations regarding alternative points of view when needed
- A 4 year college degree in Accounting/Finance or a minimum 3 to 5 years of work experience at the level of junior or staff accountant preferred
- Knowledge of the fundamentals associated with different functional areas of Accounting
- Management of multiple concurrent projects/priorities at one time
- Previous working experience with PeopleSoft financial software
- Certified member of the Institute of Taxation CMI for Sales Tax preferred
Benefits
- Actively seek development opportunities for hard and soft skills within the organization.
- Seek feedback from senior partners.
- Participate in the month-end closing process.
- Monitor entries in the General Ledger (GL) to ensure appropriate allocation, determine if reclassifications are required, explain variances, and analyze various accounts to avoid year-end audit exposure.
- Develop and recommend new procedures, processes and policies for the accounting operations of assigned function.
Company Overview
Company H1B Sponsorship