Pandora
Accounting Manager
Pandora, Baltimore, Maryland, United States, 21276
As the largest jewellery brand in the world, we give a voice to millions of people’s loves every day. Our beautiful products empower people all around the world to express themselves. We are proud to be part of their stories and the most important moments in their lives.
Where original thinking is welcomed, and can turn into positive impact in a heartbeat, we can dream big, dare to act, and deliver with care and passion. At Pandora where you can each craft far more than just an incredible career.
About the Team:
The Cluster Accounting Manager will manage the period end process for the cluster, with the majority of activities being performed by the Service Delivery Centre’s and GBS. As such they will be responsible for ensuring the accurate and timely closing of the books.
The role will also be accountable for ensuring that policies, processes and controls are in place locally (within global frameworks and guidance), and that any controls and compliance activities which need to take place locally, are being performed.
The Cluster Accounting Manager will be the main point of contact for the GBS Service Delivery Lead and will ensure there is a timely response from and to the Cluster e.g. regarding sign off on relevant accruals and provisions. They are also accountable for providing relevant information to the Service Delivery Centre as defined in the process, in a timely and accurate manner. In turn, the Service Delivery Lead will engage regularly with the Cluster Accounting Manager to ensure the business requirements are met as per agreed Service Level Agreements (SLAs), where in place, and to discuss the service delivery performance.
The Cluster Accounting Manager will work with Group Finance to ensure the Group Accounting policies are applied at the Cluster level and that any significant estimates are well-documented and reviewed.
He/she will be expected to quickly get to know the business and work across the cluster and markets to support stakeholders’ decision-making processes, for example by ensuring the right accounting rules are applied in investment decisions, transitions from franchise to O&O are managed in accordance with the right procedures etc.
The role requires a combination of excellent understanding of the financial numbers, Risk and Control frameworks, combined with solid business knowledge.
Your Role as an Accounting Manager:
Internal and External Audit Lead
Ensure all findings are addressed and resolvedSupport substantive testingPrepare & Support all external auditsLead local audits and provide all necessary financial statements and supporting documentsICF & Balance Sheet
Work with Cluster Finance Controlling Director to develop effective and efficient process for quarterly balance sheet reviewsWork with GBS team to continue to build supporting reconciliations for key balance sheet items, creating more details and analysis behind end-of-month resultsThroughout and following Month-End Close, dive deeper into results to more fully establish the story of balance sheet activity and trendsInvestigate and action low ICF ratingsEnsure compliance with new or enhanced ICFsLeadership
Facilitate close meetings, check-ins, and constant communication; bridge any gaps between the Baltimore team and SDC Warsaw so that results and expectations are fully alignedDevelop professional relationships, and become a key partner with others within the Pandora business as well as Group ControllingStay in the loop with key areas of close, to assist in troubleshooting and also to keep the finance team and other key stakeholders informed on statusGL & Reporting
Lead MEC with Warsaw and Finance during the 3 days of close.Postmortem for month end closes and recommend improvementsReview SLA and KPIs with Warsaw and ensure compliance/improvementsEnsure balance sheet is fully supportable and no risks exist going into year-end closeReview and adjust accrual policies as required.Address process deficiencies and develop mitigation plans to course correctPartner with Treasury and AP on monthly process related to T&E and Corp credit card.Liaison between NAM Finance and Warsaw during close and to find explanation on accounting entries and processes.Assist in legal P&L review, commentary and reconciliation to performance P&LWork with Warsaw on balance sheet forecast and BudgetPartner with Warsaw on the review of AP aging and ConcurPayroll entry review and annual bonus calculationIntercompany payroll rechargesLegal P&L and Balance sheet comments for MECPartner with Sales tax team on the monthly reconciliation and follow upCraft your career with us if you have:
5-8 years of experience in an Accounting/Controlling roleAccounting DegreeStrong written and verbal communication skillsDetail-oriented and strong organizational skillsDemonstrated proficiency with managing reoccurring work to meet competing due datesProblem-solving skillsWorking in a team environmentHighly reliable and strong sense of accountabilitySelf-starter and ability to work independentlyStrong customer service orientationExtensive knowledge of excelKnowledge of and ability to work in ERP systems (AX experience a plus)Knowledge of and ability to work in reporting applications (HFM and Management Reporter is a must)Maryland Salary:
$125,000 – $135,000 commensurate with experienceOur Benefits:
We Dare! We offer robust compensation package including base and bonus, a 401K plan to help you secure your financial futureWe Care! Pandora offers extensive benefits including: Medical, Dental, Vision, Short/Long Term Disability, Basic Life and AD&D, anniversary gift cards, recognition program and product discounts!We Dream! Pandora is fostering growth and crafting opportunities to support the business needs which learning and development programs, continuous feedback, LinkedIn learning, tuition reimbursement and moreWe Deliver! PTO Package including: Vacation, Personal, Sick, Birthday, Celebration days and Paid HolidaysAbout Pandora:
Pandora designs, manufactures, and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,700 concept stores.Headquartered in Copenhagen, Denmark, Pandora employs 27,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated a revenue of DKK 23.4 billion in 2021.About Pandora NAM:
The Pandora North America team in the USA & Canada consists of more than 115 employees working at our offices in New York & Baltimore, more than 80 in our Logistics Center in Columbia, Maryland, an additional 100 in field positions, and more than 3,900 in our owned and operated stores.Today, the USA is Pandora’s single largest market. The Pandora North American region as a whole encompasses over 1,400 points of sale, including over 420 concept stores, with more than 300 being owned and operated by Pandora.
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Where original thinking is welcomed, and can turn into positive impact in a heartbeat, we can dream big, dare to act, and deliver with care and passion. At Pandora where you can each craft far more than just an incredible career.
About the Team:
The Cluster Accounting Manager will manage the period end process for the cluster, with the majority of activities being performed by the Service Delivery Centre’s and GBS. As such they will be responsible for ensuring the accurate and timely closing of the books.
The role will also be accountable for ensuring that policies, processes and controls are in place locally (within global frameworks and guidance), and that any controls and compliance activities which need to take place locally, are being performed.
The Cluster Accounting Manager will be the main point of contact for the GBS Service Delivery Lead and will ensure there is a timely response from and to the Cluster e.g. regarding sign off on relevant accruals and provisions. They are also accountable for providing relevant information to the Service Delivery Centre as defined in the process, in a timely and accurate manner. In turn, the Service Delivery Lead will engage regularly with the Cluster Accounting Manager to ensure the business requirements are met as per agreed Service Level Agreements (SLAs), where in place, and to discuss the service delivery performance.
The Cluster Accounting Manager will work with Group Finance to ensure the Group Accounting policies are applied at the Cluster level and that any significant estimates are well-documented and reviewed.
He/she will be expected to quickly get to know the business and work across the cluster and markets to support stakeholders’ decision-making processes, for example by ensuring the right accounting rules are applied in investment decisions, transitions from franchise to O&O are managed in accordance with the right procedures etc.
The role requires a combination of excellent understanding of the financial numbers, Risk and Control frameworks, combined with solid business knowledge.
Your Role as an Accounting Manager:
Internal and External Audit Lead
Ensure all findings are addressed and resolvedSupport substantive testingPrepare & Support all external auditsLead local audits and provide all necessary financial statements and supporting documentsICF & Balance Sheet
Work with Cluster Finance Controlling Director to develop effective and efficient process for quarterly balance sheet reviewsWork with GBS team to continue to build supporting reconciliations for key balance sheet items, creating more details and analysis behind end-of-month resultsThroughout and following Month-End Close, dive deeper into results to more fully establish the story of balance sheet activity and trendsInvestigate and action low ICF ratingsEnsure compliance with new or enhanced ICFsLeadership
Facilitate close meetings, check-ins, and constant communication; bridge any gaps between the Baltimore team and SDC Warsaw so that results and expectations are fully alignedDevelop professional relationships, and become a key partner with others within the Pandora business as well as Group ControllingStay in the loop with key areas of close, to assist in troubleshooting and also to keep the finance team and other key stakeholders informed on statusGL & Reporting
Lead MEC with Warsaw and Finance during the 3 days of close.Postmortem for month end closes and recommend improvementsReview SLA and KPIs with Warsaw and ensure compliance/improvementsEnsure balance sheet is fully supportable and no risks exist going into year-end closeReview and adjust accrual policies as required.Address process deficiencies and develop mitigation plans to course correctPartner with Treasury and AP on monthly process related to T&E and Corp credit card.Liaison between NAM Finance and Warsaw during close and to find explanation on accounting entries and processes.Assist in legal P&L review, commentary and reconciliation to performance P&LWork with Warsaw on balance sheet forecast and BudgetPartner with Warsaw on the review of AP aging and ConcurPayroll entry review and annual bonus calculationIntercompany payroll rechargesLegal P&L and Balance sheet comments for MECPartner with Sales tax team on the monthly reconciliation and follow upCraft your career with us if you have:
5-8 years of experience in an Accounting/Controlling roleAccounting DegreeStrong written and verbal communication skillsDetail-oriented and strong organizational skillsDemonstrated proficiency with managing reoccurring work to meet competing due datesProblem-solving skillsWorking in a team environmentHighly reliable and strong sense of accountabilitySelf-starter and ability to work independentlyStrong customer service orientationExtensive knowledge of excelKnowledge of and ability to work in ERP systems (AX experience a plus)Knowledge of and ability to work in reporting applications (HFM and Management Reporter is a must)Maryland Salary:
$125,000 – $135,000 commensurate with experienceOur Benefits:
We Dare! We offer robust compensation package including base and bonus, a 401K plan to help you secure your financial futureWe Care! Pandora offers extensive benefits including: Medical, Dental, Vision, Short/Long Term Disability, Basic Life and AD&D, anniversary gift cards, recognition program and product discounts!We Dream! Pandora is fostering growth and crafting opportunities to support the business needs which learning and development programs, continuous feedback, LinkedIn learning, tuition reimbursement and moreWe Deliver! PTO Package including: Vacation, Personal, Sick, Birthday, Celebration days and Paid HolidaysAbout Pandora:
Pandora designs, manufactures, and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,700 concept stores.Headquartered in Copenhagen, Denmark, Pandora employs 27,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated a revenue of DKK 23.4 billion in 2021.About Pandora NAM:
The Pandora North America team in the USA & Canada consists of more than 115 employees working at our offices in New York & Baltimore, more than 80 in our Logistics Center in Columbia, Maryland, an additional 100 in field positions, and more than 3,900 in our owned and operated stores.Today, the USA is Pandora’s single largest market. The Pandora North American region as a whole encompasses over 1,400 points of sale, including over 420 concept stores, with more than 300 being owned and operated by Pandora.
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