The Sr. Auditor/Analyst is responsible for Accounts Payable (AP) post payment audits and Retail Stock Ledger (RSL) in-transit accounting. Responsibilities include researching vendor payments and account history to ensure proper payment and/or adjustment of vendor accounts, and coordinating the audits of outside post-payment audit firms.
Work cooperatively with peers and indirect reports, and conduct research, analysis and payment resolution, using all available and appropriate tools, including specialized software and databases; calculates, processes, and collects payment adjustments in accordance with vendor agreements and company policies and procedures; recommends improvements in systems, policies and procedures. Reports progress of audits, and performs post-audit and in-transit merchandise accounting in the RSL and GL in accordance with generally accepted accounting principles (GAAP).
Reviews AP payments, processes and procedures to identify high-potential audit opportunities.
Designs/develops audit techniques and programs, computerized or manual, to identify and resolve vendor processing and payment errors. Assists in testing new programs developed or software licensed to conduct audits.
Conducts AP processing and payment audits to identify payment recovery opportunities:
Calculates and performs corrective payment/adjustment transactions to recover vendor payment errors.
Recommends/designs/develops controls to prevent future payment errors.
Documents audit results, including any recommendations, and present them to management.
Responsible for assigned staff, monitors progress and reports results to management.
Reconciliations activity in the profit/expense recovery account(s) in the General Ledger. Compiles logs/periodic reports or summaries of data for management information. Performs general accounting and reconciliations.
Performs special projects, as assigned. For example, assists with implementation of a new damages program.
Informs management of recoveries outside of normal circumstances, or significant work flow issues or vendor inquiries. For example, notifies management of recurring errors in work, policies and procedures, and computer-generated screens and reports.
Facilitate the activities of outside contingency auditors.
Handles all assigned accounting and review responsibilities, including but not limited to accounting for and reconciliation of clearing accounts, accounting for in-transit inventory, preparation of TGEIs for upload into the RSL for accruals, and completion of period close documentation, including flexible schedule during period close.
Completion of a four-year bachelor degree in accounting, and a minimum of five years of experience in retail accounts payable, auditing, and supervising, including experience using audit software; or equivalent education and experience.