Accountant I - Gross Margin

Macy's • Springdale, OH

1d • Onsite

About The Position

The Accountant I is responsible for the timely and accurate accounting and reporting of sales and gross margin across all retail operating divisions. The Accountant I ensures all accounting is in strict compliance with GAAP and supports both internal and external audit requests. Additionally, the role involves performing routine journal entries and balancing procedures, identifying and investigating variances, and implementing solutions. The Accountant I also supports the People Leader in team projects, system or process testing, and monitoring processes for accuracy. This position contributes to the design, implementation, and analysis of company strategic initiatives, handles related ad hoc requests, and fulfills any tax-related inquiries or requests. The Accountant I plays an integral role in maintaining financial integrity and operational efficiency across the organization.

Requirements

• Strong understanding of GAAP and basic accounting principles, ensuring compliance and accuracy in financial reporting.
• Expertise in financial analysis, reporting, and reconciliation processes, with the ability to identify discrepancies and resolve complex financial issues.
• Proficiency in developing and executing SQL queries using tools such as Google BigQuery to extract and analyze data from multiple sources.
• Proficiency in Microsoft Excel, enabling complex data analysis, reporting, and financial modeling.
• Strong attention to detail with the ability to manage multiple tasks simultaneously while maintaining accuracy and meeting deadlines.
• Excellent verbal and written communication skills, with the ability to present complex financial information in a clear and concise manner.
• Ability to collaborate effectively across teams, including marketing, merchandising, and operations, to ensure accurate financial reporting and alignment with business goals.
• Strong analytical and problem-solving skills to identify and address financial discrepancies, with the ability to think critically in resolving issues.
• Ability to work independently, take initiative, and adapt in a fast-paced environment while maintaining high performance.
• Ability to think strategically, creatively, and technically to address business challenges and capitalize on opportunities.
• Candidates with a bachelor’s degree or equivalent work experience in a related field are encouraged to apply.
• 1-2 years of relevant experience preferred.
• Performing essential job functions such as communication, collaboration, and use of office and computer systems.
• Ability to access and review written and electronic information, and to move within the work environment and interact with workplace materials as needed to carry out job responsibilities.
• Able to work a flexible schedule based on department and company needs.

Responsibilities

• Record weekly entries and reports related to gross margin, troubleshoot financial systems, and analyze data for sales and gross margin performance.
• Develop and execute SQL queries using tools such as Google BigQuery to extract data from multiple data sources, create financial analyses, and maintain reporting processes as they evolve.
• Assist in the monthly closing of gross margin components for financial statements, communicate exceptions to business units, and follow up on responses.
• Investigate out-of-balance situations and resolve discrepancies in a timely manner.
• Perform monthly balance sheet account reconciliations, analyze and report variances, and create consolidated reports as needed.
• Ensure all reconciliations are completed accurately and in compliance with accounting standards.
• Assist with internal and external audits by providing necessary documentation, schedules, and support for financial analysis.
• Handle any tax-related inquiries or requests from internal teams, external parties, or regulatory bodies, ensuring compliance with applicable tax laws and accurate documentation.
• Participate in the design, testing, and implementation of financial systems, assist with system rollouts, and provide user support as necessary.
• Provide key insights and analytics related to company strategic initiatives, helping to drive revenue growth and improve financial performance.
• Actively contribute to the identification and resolution of process inefficiencies and assist in implementing better practices for team efficiencies.
• Work cross-functionally with various departments to ensure smooth operations and accurate financial reporting.
• Support the team with ad hoc requests and projects as needed.
• Ensure regular, dependable attendance and punctuality to meet department and company needs.
• Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities.

Benefits

• Comprehensive health and wellness coverage
• 401(k) match
• Paid time off
• Eight paid holidays
• Continuous learning and leadership development
• Colleague Resource Groups
• Volunteer opportunities
• Merchandise discounts
• Performance-based incentives
• Annual merit review
• Employee Assistance Program with mental health counseling and legal/financial advice
• Tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level