Senior Accountant for Romania

Job description

WHAT YOU’LL DO As an Accounting Expert for Romania, you’ll be responsible for ensuring that the organization’s financial operations are well-managed, compliant, and transparent. You’ll contribute to overall business success in line with H&M Group policies and local regulations. You will: Provide financial reporting and analysis by ensuring accurate and timely completion of financial statements, such as balance sheets, income statements, and cash flow statements. Secure there is a backup process in place for all finance-related operations/local gap, establish and enforce proper accounting methods, policies and principles. Prepare financial insights, support decision-making, and collaborate on projects and initiatives that have financial implications. Review journal entries, reconcile accounts, and verify the accuracy of financial transactions and monitor the general ledger for any discrepancies or errors and take corrective actions as necessary. Liquidity Guarantee tax and VAT payments according to legal demands. Generate cash flow forecast and ensure liquidity by monitoring and managing cash flow to ensure sufficient liquidity for daily operations and strategic investments. Optimize liquidity according to H&M financial policy and initiate actions. Ensure corporate tax and VAT declaration and payments. Secure Year-end corporate tax calculation. Secure high level of accounting operations and take a corporate responsibility for daily operations within accounting by involving in the day-to-day operations of the accounting department, leading accountants, ensuring efficient workflow, timely completion of tasks, and adherence to accounting principles and standards and participating in continuous improvements to enhance financial reporting capabilities, in close collaboration with shared service center. Ensure compliance – making sure that all financial statements and practices undergo scrutiny to uphold transparency and compliance with laws and regulations by providing compliance with accounting principles and provide accurate financial information for decision-making, maintaining existing internal accounting policies and creating new policies as needed and staying updated on accounting regulations and standards, such as generally accepted accounting principles and International Financial Reporting Standards (IFRS). Assess financial risks and develop strategies to mitigate them, ensuring the financial stability of the organization. Coordinate and complete annual statutory, customs and tax audits, provide recommendations, improve procedures and initiate corrective actions and ensure timely resolution of audit findings. Implement and follow control procedures to safeguard assets, prevent fraud, and ensure accurate financial reporting. Stay up-to-date with changes in local regulatory requirements, such as tax laws, financial reporting standards, and industry-specific regulations. Enhance way of working and local procedures to meet updated requirements. WHO YOU’LL WORK WITH You will work closely with local accounting seniors in Romania ensuring cross-collaboration with Shared Service Center. In addition, you will collaborate with other accounting managers, seniors or experts across countries in HUB East Europe, ensuring cross-collaboration for accurate, compliant and efficient HUB accounting process. WHO YOU ARE​ We are looking for people with… ​ Around 5 years of experience in accounting, preferably in retail business or a similar sector (FMCG). Strong knowledge of International Financial Reporting Standards (IFRS). Strong knowledge of local tax regulation. Excellent communication skills in English, both written and spoken. Proficient in accounting software, preferably SAP and Trintech Cadency. Bachelor's degree in accounting or finance, with a preference for a master’s degree combined with equivalent experience in accounting (Professional certificate preferred). And people who are… ​ Confident and able to communicate clearly with internal and external stakeholders. Structured, proactive in planning operational activities to ensure calendar deadlines. A problem-solver who can tackle challenging problems. A true team player with a high emotional intelligence, including empathy, self-awareness, and adaptability, with the ability to collaborate with other colleagues in inspiring and motivated way. WHO WE ARE​ H&M Group is a global company of strong fashion brands and ventures. Our goal is to prove that there is no compromise between exceptional design, affordable prices, and sustainable solutions. We want to liberate fashion for the many, and our customers are at the heart of every decision we make.​ ​We are made up of thousands of passionate and talented colleagues united by our shared culture and values. Together, we want to use our power, our scale, and our knowledge to push the fashion industry towards a more inclusive and sustainable future. ​ WHY YOU’LL LOVE WORKING HERE ​ At H&M Group, we are proud to be a vibrant and welcoming company. We offer our employees attractive benefits with extensive development opportunities around the globe. ​ 25% staff discount in all H&M brands H&M Incentive share scheme - HIP. Learn more about the program here .​ Private Medical Services Sharing the cost of Sports Activities Meal Tickets Long Service Reward at 10,15 & 20 year anniversary Retirement reward Bonus for Referring a Friend Hybrid work model JOIN US​ Our uniqueness comes from a combination of many things – our inclusive and collaborative culture, our strong values, and opportunities for growth. But most of all, it’s our people who make us who we are.​ This is a full-time position, based in Bucharest, Romania . The role reports to Accounting Manager. Apply by sending in your CV in English as soon as possible.. Due to data policies, we only accept applications through the career page. ​Take the next step in your career together with us. The journey starts here.​ *We are committed to a recruitment process that is fair, equitable, and based on competency. We therefore kindly ask you to not attach a cover letter in your application.