Staff Accountant

Create a healthier, brighter future for pets, pet parents and people!

If you want to make a real difference, create an exciting career path, feel welcome to be your whole self and nurture your wellbeing, Petco is the place for you.

Our core values capture that spirit as we work to improve lives by doing what's right for pets, people and our planet.

• We love all pets like our own
• We're the future of the pet industry
• We're here to improve lives
• We drive outstanding results together
• We're welcome as we are

Petco is a category-defining health and wellness company focused on improving the lives of pets, pet parents and Petco partners. We are 29,000 strong and operate 1,500+ pet care centers in the U.S., Mexico and Puerto Rico, including 250+ Vetco Total Care hospitals, hundreds of preventive care clinics and eight distribution centers. We're focused on purpose-driven work, and strongly believe what's good for pets, people and our planet is good for Petco.

Position Purpose

Participate in the month-end closing process. Monitor entries in the General Ledger (GL) to ensure appropriate allocation, determine if reclassifications are required, explain variances, and analyze various accounts to avoid year-end audit exposure. Develop and recommend new procedures, processes and policies for the accounting operations of assigned function. Serve as accounting business partner to assigned function on issues that are moderately complex. Analyze, research and reconcile selected accounts and cost discrepancies. Effectively communicate with field associates, corporate support staff and management to ensure issues relating to accounting are brought to the appropriate individuals for action. This function performs both statistical and financial analysis and is required to think and act independently when judgment is required.

This position must protect Petco's accounting data received from internal and external sources.

Essential Job Functions

The incumbent must be able to perform all of the following duties and responsibilities with or without a reasonable accommodation.

Interact professionally and effectively through verbal and written communication with all professional contacts with emphasis on company interests Efficiently create complex documents and/or reports using spreadsheet, database, and accounting software in a timely fashion. Independently prioritize and accomplish multiple tasks within established timeframes Analyze simple to moderately complex data to determine the appropriate course of action. Perform accounting duties and control activities to ensure financial results are reported without error. Research and analyze selective data sets and/or accounts pertaining to the duties of the specific functional area of accounting being performed Prepare month-end journal entries, reconciliations, budgets, forms, reports, and schedules relating to the accounts in the specific area of focus Effectively communicate with field partners, corporate support staff, and senior management, ensuring issues related to accounting are communicated to the appropriate impacted partners for action. Analyze problems, research the root causes, and overcome roadblocks to functional success.

Other Duties and Responsibilities

Performs additional duties as required, including but not limited to special projects as assigned. Rotation through various functional areas of Accounting learning the processes, understanding the relationships between the groups, and the overall impact each team has on Petco. Be flexible and available to provide coverage and support for positions in various functional areas of accounting (Example: General Accounting, Inventory Accounting, Accounts Payable, etc.). Work productively in the face of ambiguity and accept constructive feedback. Protect confidential information and respect others that may have to protect their confidences. Identify process weaknesses and develop proposed improvements and collaboratively implement solutions to drive efficiency and increased profitability. Actively seek development opportunities for hard and soft skills within the organization. Seek feedback from senior partners. Performing analyses of actual versus budget, reclassifying errors, explaining variances, and interfacing with other departments to give instruction on proper classification of expenses. Accounts analyzed are of a more complex nature than those handled by an analyst which may require a more thorough understanding of accounting as gained through practical experience. Providing an understandable explanation to peers and management that may not possess accounting knowledge or a financial background.

While the partner is assigned to the following functional areas of accounting these additional job duties may be performed:

Accounts Payable Accounting

• High level account reconciliations related to Un-vouchered, tie-out receipts to merchandise, 4 accounts. Research in conjunction with Accounts Payable Dispute Resolution (APDR). All journal entries. Review vendor set-up and maintenance changes to ensure compliance. Provide a level of control Sarbanes-Oxley (SOX).

Accounts Receivable

• Reconciles Accounts - Management Review Controls (MRC) Category 1 May Reconcile Accounts - MRC Category 2 Responsible for publishing reports, completing analysis of accounts, aging schedules, reviewing specialist work (billing, bank deposits, etc.). Responsible for maintaining and updating proprietary department databases. Assisting Specialist/Analyst within the department with issues/concerns. Expected to engage Senior/Lead/ Manager to resolve issues with other Accounting Departments. Will complete Journal Entries. Understands the purpose of the Account(s) that they "own," and a general understanding of all the off-setting activity.

General Accounting

• Respond to general ledger information requests received on the Profit & Loss (P&L) Hotline from field personnel and other teams outside of accounting. This includes preparing accruals and re-classes as well as assisting the field to better understand their P&L account variances. Responsible for the monthly utilities (water, gas, electric, trash, and phone) accrual and variance analysis to budget/forecast. This includes collaborating with the energy/construction team to ensure department level maintenance within Ecova is accurate and complete. Assist in the review of Store and General and Administrative expense (G&A) accounts during month-end closing. Collaborating with other departments to give instruction on proper classification of expenses. Manage Payroll recognition in the general ledger. Reconcile bank accounts on a monthly basis. Manage accruals for Paid Time Off (PTO) as well as expense recognition. Track and report unclaimed property to each state as required.

Inventory Accounting (IA)/ Vendor Funding

• Facilitate interface of stock ledger to general ledger; perform associated controls to validate its integrity and accuracy. Complete IA-400 Inventory Report. Weekly weighted average cost review Complete IA portion of Borrowing Base Certificate. Review and address all RMS to GL mapping concerns; submit changes monthly. Evaluate wholesale inventory and sales activity for accuracy and validity -- post accruals and follow-up on aged items as needed. Complete and submit Census Bureau surveys. Research and respond to P&L hotline inquiries involving stock ledger activity.

Lease & Fixed Asset Accounting

• Review, update, and disburse all monthly recurring payments, including rents, leases, subleases, Common Area Maintenance (CAM), taxes, etc. in accordance with lease documents provided by the Real Estate department. Prepare all month end journal entries relating to property accounting. This includes accruals for CAM. The entries require research and analysis of lease terms, payments made and judgment regarding estimates of future expenses. Prepare schedules on the prepaid rent and security deposit accounts on a monthly basis. Monitor these accounts and keep the lease administrator informed of the status of these accounts. Assist in preparing the annual budget and prepare various year-end audit schedules Review check runs for authenticity of rent payments. Prepare amortization schedules for items like Tenant Improvement (TI) Allowances, Prepaid Occupancy Costs, Lease Rights and In Place Leases.

Payroll

• Intermediate knowledge of PeopleSoft (PSFT) payroll, responsibility for some of the payroll process tasks as assigned. Primary analysis of compensation, W-2, & General Ledger (GL) issues. Frequent dealing with all levels of management and employees.

Physical Inventory Accounting

• Assist with inventories. Journal entries, reconciliations, accounting functions within the group Reporting to the stores, Monthly Aquatic Physical Inventory (MAPI), Monthly Shrink Reporting Deep analysis of issues with stock counts.

Sales Audit

• Performs review and close stores from Retail Sale Audit (ReSA). Resolve situations that may cause a store on hold, review bank statements, directly contact stores. Responsible for T-Rec (reconciliation tool) of banking amounts, discrepancies, etc. Keep track of all store bank account reconciliations. Maintain the database. Address counterfeit bills, maintains discrepancy issues. Reviews and distributes mail box. Journal Entries for open account stores, etc. Reviews 3rd party gift card request.
• In charge of ReSA system maintenance. Works with IT. Overrides errors in ReSA system, control. High dollar and Dr.'s Foster & Smith (DFS) chargebacks. Review Vetco entries. Performs T-Recs entry. GL validation files. Perform majority of journal entries and close T-recs monthly.

Tax, Corporate

• Basic Corporate income tax law knowledge, how to apply. Generally Accepted Accounting Principles (GAAP) and Internal Revenue Service (IRS) law differences and how to apply them to Petco's accounting. Assist with calculation of Federal tax provisions at quarter and year ends. Preparation of information that goes on Petco audited financial statements.

Tax, Sales & Use

• Monthly sales, use tax data collection to file monthly tax returns. Process personal property tax bills paid. Sales & Use tax audits Refund projects resulting in revenue benefit to Petco. Puerto Rico sales tax (PICO) releases for inventory clearance to pay taxes. Perform close functions for tax. Filing environmental fees, etc. based on state requirements. Certified member of the Institute of Taxation CMI for Sales Tax preferred.

Nature of Supervision

Routine work is performed independently, with some supervision and use of personal judgment/discretion is required but will be periodically monitored.

Supervisory Responsibility

This position will not directly or indirectly supervise or manage any partners or manage/lead cross-functional work groups

Planning and Problem Solving

This position:

• Must prioritize work assignments using planning and time management skills including but not limited to task lists and timelines.
• Is required to solve moderate to complex problems, advanced problem solving skills are preferred.
• Must identify and escalate larger issues to their supervisor/ manager for guidance on resolution.

Impact

This role will be flexible and mobile to provide support in various areas of Accounting when and where resource needs are identified. This role will validate and ensure the accuracy and integrity of Petco's accounting and financial data through use of controlled accounting processes.

Education and Experience

Educational requirement:

• A 4-year degree in Accounting/Finance or an equivalent combination of education and relevant experience.
• A solid understanding of accounting principles equivalent to a college level Intermediate Accounting course.

A qualified applicant must have and/or be able to demonstrate previous experience with and/or the ability to:

• A 4 year college degree in Accounting/Finance or a minimum 3 to 5 years of work experience at the level of junior or staff accountant preferred.
• Communicate well in English and convey accounting concepts to non-accounting associates.
• Good interpersonal communications skills and interaction with other department personnel as well as senior management.
• Intermediate to advanced knowledge of most Microsoft Office Suite applications (e.g. Excel, Word, and Access) and 10-key by touch
• Must be accurate, detail oriented, proficient with personal computer based programs, and trainable on company specific systems
• Interact with peers and leaders of the business with poise and confidence.
• Analyze business decisions critically and engage in constructive conversations regarding alternative points of view when needed.

The following experience is preferred, however not required:

• Knowledge of the fundamentals associated with different functional areas of Accounting.
• Management of multiple concurrent projects/priorities at one time.
• Previous working experience with PeopleSoft financial software.

Work Environment

The majority of job duties are conducted indoors in a quiet standard office environment, with little or no exposure to hazards. Work involves the frequent use of general office equipment such as calculator, keyboard, copier, telephone, and fax. This position will not require extended travel. Sporadic travel for training purposes and the like may be required. This position may periodically require work on Saturdays and/or Sundays.

Participate in the month-end closing process. Monitor entries in the General Ledger (GL) to ensure appropriate allocation, determine if reclassifications are required, explain variances, and analyze various accounts to avoid year-end audit exposure. Develop and recommend new procedures, processes and policies for the accounting operations of assigned function. Serve as accounting business partner to assigned function on issues that are moderately complex. Analyze, research and reconcile selected accounts and cost discrepancies. Effectively communicate with field associates, corporate support staff and management to ensure issues relating to accounting are brought to the appropriate individuals for action. This function performs both statistical and financial analysis and is required to think and act independently when judgment is required.

This position must protect Petco's accounting data received from internal and external sources.

#LI-NN1

Petco Animal Supplies, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or any other protected classification.

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