Hermes

About Hermes

Company Hermès Korea as Korean branch was established in 1997. Maison Hermès Dosan Park, flagship store of Hermès, opened the doors since 2006, when it was inaugurated as the fourth Maison Hermès in the world, after Paris, New York and Tokyo Maison. General Role Hermes Korea is looking for senior accountant, with broad experience of all accounting process (AR, AP, GL) under SAP accounting module. The main role of senior accountant is to execute and optimize treasury functions (generate payments, sales collections, CD, Foreign Exchange) in accordance with internal and external financial regulations. He/she will also take responsibility for accuracy of sales and sales-related booking with the adequacy between SAP/ Point of sales system (POS), as well as product purchase from related parties. He/she strongly supports the closing process, in particular in Fixed assets, ending stock and margin recon. He/she will interact daily with stores, sales department, banks and on adhoc basis, with external/internal auditors and tax authorities. Senior accountant and one junior accounting will be pair-working for this role. Context Major Responsibilities: 1. Treasury Function Payment - Prepare payment timely and accurately, with documentation required by the bank if any Daily bank reconciliation (under banking system) - reconcile bank and accounting transactions daily basis and balance monthly basis Cash investment - Review cash status and place term deposit to bank and follow-up maturity transactions Booking of financial instrument and bank transaction related Monthly Treasury report vs forecast FX - Arrange for FX deal documentation, keep records on financial impacts with the raw data. Update signatories list with banks and analyze bank circularization regularly 2. Sales and Account Receivable Management Check daily sales interface from POS to SAP are correctly processed, and the daily sales (till closing) are properly reconciled with means of payment for stand-alone stores. Verify and book daily process of cash collection, gift cards and credit card collections (through the evidences or the website information) Check credit card commissions and book Verify and book monthly collection of Department store sales and rent, investigate any differences Make manual booking of wholesale invoice, and monthly/quarterly recharge to other parties Prepare and issue sales VAT invoice Reconcile the tax free monthly statement with our sales data before processing Check AR aging report monthly, credit limit for wholesale, balance of cash in store and credit card receivable at month end Prepare raw data for VAT filling sales related on a quarterly basis Main responsibilities Major Responsibilities: 3. Inventory Management Booking: Review correct interfacing of product purchase from related party Review the related party statement for monthly Intercompany reconciliation and verify correct booking per nature Review correct interfacing of Inventory and book GIT Review interface of inventory movement out transaction and adjust VAT treatment if necessary Book the computed reserve Reconciliation: Confirm same inventory/sales value in systems (POS/SAP/TM1) and adjust if required Compare CEGID purchase and actual purchase cost with reasons Systematically review all accounting entries impacting on inventory or margin Make monthly stock equation by product line using accounting data 4. Fixed Assets Create asset booking (from CIP account to Asset) per correct classification. Run monthly depreciation in SAP or accelerated depreciation Prepare depreciation simulation forecast Book disposal of Asset and prepare appropriate documentation Prepare monthly Acquisition report vs budget Prepare reconciliation from opening to closing for Fixed assets and accumulated depreciation Support physical counting of IT devices with IT when necessary 5. Reporting and Others Sales reporting (weekly, monthly), AR quarterly Responsible for monthly Treasury and payment reports Stock equation monthly reporting Support quarterly closing Group reporting Provide information needed for the bank, insurance, tax authorities, external or internal auditors Support company event or stocktaking Support corporate tax return and financial statements (DART format) Profile Minimum 5-year experience in accounting role, with strong knowledge of general accounting, treasury accounting and some understanding of tax regulation Proficient of SAP finance module is a must Experience in e-commerce network is a plus Precise and detailed for figure Must be a good team player, service oriented and self-motivated Risk aware regarding Sales/Treasury matters, and resistance to stress Proficiency of MS office/Excel, knowledge of other tools such as Kyriba, CEGID, TM1, Cognos is a plus Good spoken and written English Must speak fluent Korean

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Company Info

Legal Form: Srl

Company Type: Public

Company Size: 5001 - 10000

Revenue: 5 - 10 million (USD)

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