Senior Accountant

At H&M, our purpose is to liberate fashion for the many. We want to shape a new world in Fashion. A world with one ultimate goal: to unleash your self-expression. As an H&M colleague, you’re encouraged to be yourself & more. You’ll take on new responsibilities from day one, learn skills for life, and find new ways to make your big dreams come true.

Our company is committed to fostering a culture of inclusion and belonging, and we actively seek colleagues who share our commitment.

As a Senior Accountant in the Finance function, your main focus will be to oversee and managing key accounting functions. This role demands a blend of analytical, strategic, and leadership skills to ensure accurate financial reporting, compliance with tax laws, effective budget management, and internal controls. In this role you establish financial status by implementing systems for collecting, analyzing, verifying, and reporting financial information Key responsibilities include financial analysis, budgeting, tax preparation, audit support, and process improvement. This role is pivotal for the financial health and strategic planning for the market. 

This hybrid role reports into our Accounting Manager for Canada and is based out of the Toronto Support Office. 

A Day in the Life 

Working at H&M means no two days are ever the same, but a typical day will include the following responsibilities* 

• Complete monthly close of books; preparing general ledger entries including accruals and prepaid in accordance with IFRS 

• Review, investigate, and correct errors and inconsistencies in financial entries, GL accounts, and financial reports and journalize and reconcile other GL accounts as needed  

• Preform monthly variance analysis on P&L (Profit & Loss) and balance sheet accounts and field questions within the organization 

• Assist in development and implementation of accounting policies and procedures along with internal control mechanisms to mitigate financial risk 

• Provides leadership in strengthening internal communications with staff at all levels throughout the organization  

• Analyze cost variances to previous actuals and budget  

• Prepare, execute and record payment of monthly remittances, including sales taxes, custom/duties and international wire payments 

• Assists in planning for changes in regulation, organizational structure, and reporting requirements 

• Delegates, reviews, and follows up on work with Junior and Clerical Accountant(s) 

• Identify and implement ideas to streamline the accounting processes and create operational accounting policies and procedures 

• Support business changes and impact on financial systems including information from feeder systems 

• Work cross functionally with other groups within the organization identifying issues, trouble shooting, problem solving and identifying new ways of working 

• Primary contact with auditors preparing schedules, documentations, and supporting financials  

• Prepares and assist in review of year-end financial reporting package 

• Prepare ad hoc reports for Department and Function Heads as required  

• Takes lead and assists in special projects as needed 

Who You Are:  

• Bachelor’s Degree in Accounting or Business preferred, working towards a professional certification or Master’s Degree considered an asset 

• Minimum 5 years of work experience in a corporate accounting department or public accounting firm 

• Supervisory experience preferred 

• Advanced proficiency in Microsoft Excel 

• Ability to work in a fast-paced and time sensitive environment independently 

• Strategic thinker with strong analytical and problem-solving ability 

• Possesses strong leadership and communication skills with ability to develop and supervise team colleagues 

• Team player who is optimistic and driven 

• Detail oriented with strong organizational skills 

• Ability to enforce and uphold company policies with teams 

• Inclusive, positive, open to feedback, willing to multitask and learn on the job 

Why You’ll Love Working at H&M 

• We value diverse backgrounds, including but not limited to race, ethnicity, gender, age, religion, sexual orientation, and disability 

• We pride ourselves on being a values-driven organization, guided by our 7 unique values that have been part of our success story for over 75 years 

• You’ll have access to our Colleague Resource Groups (CRGs) to find community and networking opportunities among colleagues 

• We are an inclusive company where you’re encouraged to be yourself at work 

• You will have access to a large global talent community, where career growth and aspirations have no limits 

• We believe in supporting your overall wellbeing and offer comprehensive benefits  

• You’ll be able to express your personal style with our employee discount at H&M, & Other Stories, and COS 

*This job posting highlights the most critical responsibilities and requirements of the job and is not all-inclusive. There may be additional duties, and responsibilities assigned for this job at the company’s discretion.